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The Week Ahead In Biotech: FDA To Issue Decisions On Merck And Aurinia Drug Applications

The Week Ahead In Biotech: FDA To Issue Decisions On Merck And Aurinia Drug Applications
Biotech stocks advanced in the week ended Jan. 15, defying the softness experienced by the broader market. Pre-announcements continued to pour in, with most companies suggesting better-than-forecast revenues. The week also witnessed a slew of follow-on offerings and licensing deals.

Stocks also reacted to presentations at the JPMorgan Healthcare Conference and the ASCO Gastrointestinal Cancers Symposium.

Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) was among the biggest advancers in the group after it said the FDA deemed that the results of two Phase 3 studies of sotagliflozin can support NDA submission for the investigational asset as a treatment option for heart failure.

Here are the key catalysts for the unfolding week:

Conferences



ASCO Gastrointestinal Cancers Symposium (virtual event): Jan. 15-17

B. Riley Securities Virtual Oncology Investor Conference: Jan. 20
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