Biotech
Search documents
Bright Minds to Announce Topline Results for BMB-101 Phase 2 Trial in Absence Seizures and Developmental and Epileptic Encephalopathies on Tuesday, January 6, 2026
Globenewswire· 2026-01-05 21:30
Core Viewpoint - Bright Minds Biosciences Inc. is set to announce topline results for the Phase 2 trial of BMB-101 targeting drug-resistant Absence Seizures and Developmental and Epileptic Encephalopathy on January 6, 2026 [1]. Group 1: Company Overview - Bright Minds is a clinical-stage biotechnology company focused on developing highly selective 5-HT receptor agonists for neurological and psychiatric disorders [1][3]. - The company aims to address conditions with high unmet medical needs, including Rare Epilepsy, Prader-Willi Syndrome, Depression, and other CNS disorders [3]. - Bright Minds has developed a unique platform of highly selective serotonergic agonists, leading to a rich portfolio of new chemical entity (NCE) programs within neurology and psychiatry [4]. Group 2: Event Details - A conference call and live webcast will take place at 8:00 AM ET on January 6, 2026, to discuss the Phase 2 trial results [1]. - The event will include a discussion of the data followed by a Q&A session for participants [2]. - A replay of the webcast will be available on the company's website after the event [2].
KYMR Skyrockets 82.4% in a Year: More Upside Potential in 2026?
ZACKS· 2026-01-05 19:46
Core Insights - Kymera Therapeutics, Inc. (KYMR) has experienced a significant stock performance increase of 82.4% over the past year, outperforming the industry gain of 17.3% and the S&P 500 Index [1][2] Pipeline and Clinical Developments - Kymera is advancing its lead pipeline candidate KT-621, a first-in-class oral degrader of STAT6, aimed at treating type 2 inflammatory diseases [5][10] - Positive results from the phase Ib BroADen study for KT-621 showed deep STAT6 degradation, with median reductions of 94% in skin and 98% in blood [6][9] - The treatment also resulted in a mean 63% reduction in the Eczema Area and Severity Index (EASI) and a mean 40% reduction in peak pruritus Numerical Rating Scale (NRS) [8][10] - KT-621 has received FDA Fast Track designation and is currently undergoing a phase IIb study for atopic dermatitis, with data expected by mid-2027 [11][12] Strategic Partnerships - Kymera has entered into a collaboration with Gilead Sciences to develop a novel molecular glue degrader program targeting CDK2 for oncology applications [13][14] - The company also collaborates with Sanofi, which has prioritized the development of KT-485, a candidate for immuno-inflammatory diseases, over KT-474 [15][16] Valuation and Financial Estimates - KYMR's shares are currently trading at a price/book ratio of 5.53X, which is higher than the biotech industry average of 3.61X [17] - The Zacks Consensus Estimate for 2025 loss per share has widened, while the estimate for 2026 loss has narrowed to $3.64 [19][20] Investment Recommendations - Existing investors are advised to hold the stock, while prospective investors should wait for a more favorable entry point [21][22]
What may be driving Eli Lilly shares lower — plus, oil and financial stocks rally
CNBC· 2026-01-05 19:35
Market Update - Stocks are experiencing gains for the second consecutive session, with energy sector stocks, particularly Exxon Mobil and Chevron, benefiting from the anticipated rebuilding of Venezuela's oil infrastructure [1] - Financial stocks are also performing well, with Goldman Sachs, Wells Fargo, and Capital One reaching new highs [1] - BlackRock has outperformed, leading to a decision to sell part of the position to increase cash reserves [1] Health Care Sector - The health care sector is lagging behind the overall market rally, with major pharmaceutical and biotech companies like Eli Lilly, Bristol Myers, AbbVie, Johnson & Johnson, and Amgen seeing declines between 1% and 4% [1] - Eli Lilly's drop may be influenced by the launch of Novo Nordisk's oral GLP-1 weight loss pill in the U.S., with expectations for Lilly's own orforglipron launch in the first quarter, projected to generate $3.3 billion in sales [1] - The upcoming JPMorgan Healthcare Conference is a key event to watch, as it will feature presentations from health care companies in the portfolio, often providing updates on acquisitions, partnerships, and earnings preannouncements [1]
Fifty1 Labs, Inc. Clarifies Status Regarding Previously Announced Collaboration with LUNR Aerospace
Globenewswire· 2026-01-05 18:08
Company Clarification - Fifty1 Labs, Inc. clarifies that no formal partnership or collaboration has been established with LUNR Aerospace, and there is no current intent to form such a partnership [1] - The company confirms that following the resignation of Mr. Arora as CEO on December 1, 2025, there is no common ownership, management, or directors between Fifty1 Labs and LUNR Aerospace [1] - Fifty1 Labs has divested from its subsidiary Fifty1 AI Labs as of December 3, 2025, resulting in no overlap in work, leadership, funding, or affiliation with LUNR Aerospace [1] About Fifty1 AI Labs - Fifty1 AI Labs, previously a subsidiary of Fifty1 Labs, is focused on redefining drug discovery by utilizing AI to enhance the potential of proven medicines [2] - The company aims to repurpose safe, off-patent compounds to accelerate the development of smarter therapies that improve patient outcomes and reduce costs [2] About LUNR Aerospace - LUNR Aerospace Corporation is a Canadian space technology company based in Vancouver, Canada [3]
Polyrizon Announces New Pre-Clinical Results: PL-14 Demonstrates Significant Allergen-Blocking Performance Compared to a Standard Comparator
Globenewswire· 2026-01-05 14:07
Core Insights - Polyrizon Ltd. announced positive results from a pre-clinical study evaluating its PL-14 Allergy Blocker formulation, demonstrating its effectiveness in blocking allergens compared to hydroxypropyl methylcellulose (HPMC) [1][5]. Study Findings - The study utilized a validated in-vitro Transwell permeability system to assess PL-14's ability to inhibit the transfer of Der p 1, a significant house dust mite allergen associated with allergic rhinitis and asthma [2]. - PL-14 significantly reduced allergen transfer at all time points compared to HPMC, with statistical significance (p-values ≤ 0.0042) observed at 1, 2, 4, 6, and 24 hours [3][9]. - At 1 hour, PL-14 showed a mean allergen concentration of approximately 20.6 ng, while HPMC had a concentration of about 1354.4 ng. By 24 hours, HPMC's concentration rose to around 5201.2 ng, indicating limited barrier function [9]. Product Development - The results support the continued advancement of PL-14 as a preventive approach for allergic rhinitis by reducing allergen penetration through a synthetic surface [6]. - Polyrizon is advancing its preclinical development program and plans to support future clinical studies to establish PL-14's regulatory pathway and clinical benefits for allergy prevention [6]. Company Overview - Polyrizon is a development-stage biotechnology company focused on innovative medical device hydrogels delivered as nasal sprays, creating a barrier against viruses and allergens [7]. - The company's proprietary Capture and Contain TM hydrogel technology aims to function as a "biological mask" in the nasal cavity, with ongoing development to enhance bioadhesion and retention for drug delivery [7].
YD Bio Limited Announces Major Milestones and Unveils Robust 2026 Clinical and Commercial Roadmap
Globenewswire· 2026-01-05 14:00
Taipei, Taiwan, Jan. 05, 2026 (GLOBE NEWSWIRE) -- YD Bio Limited (“YD Bio” or the “Company”) (Nasdaq: YDES), a biotechnology company advancing DNA methylation-based cancer detection technology and ophthalmologic innovations, today announced the successful completion of critical milestones across its core platforms: stem cell therapy & exosome platforms focused on ophthalmology conditions, early cancer detection powered by DNA methylation and next-generation precision diagnostics. The Company also outlined a ...
Humacyte Announces Planned Marketing Authorization Application for Symvess® in Israel
Globenewswire· 2026-01-05 13:00
Core Viewpoint - Humacyte, Inc. plans to file a Marketing Authorization Application (MAA) with the Israel Ministry of Health for its acellular tissue engineered vessel (ATEV™ or Symvess) aimed at arterial trauma repair, with expectations for expedited commercialization in other regions following FDA approval [1][2]. Group 1: Expansion Plans - The expansion of Symvess is driven by requests from surgeons and hospitals in Israel, with plans to extend into Europe and the Middle East [1][2]. - The company anticipates that the FDA approval of Symvess will facilitate faster commercialization pathways in these new territories [2]. Group 2: Clinical Data and Product Features - Positive three-year results from the V005 Phase 2/3 study of Symvess in extremity vascular repair provide the first long-term data in traumatic arterial repair using a biologic conduit [2]. - Symvess is designed to be available off-the-shelf, which is crucial for saving surgical time in emergency situations, and has shown low infection rates and high limb salvage rates [2]. Group 3: Company Overview - Humacyte is focused on developing universally implantable bioengineered human tissues and has received FDA approval for its ATEV in December 2024 for vascular trauma [3]. - The company is also conducting late-stage clinical trials for other vascular applications and has received various designations from the FDA, including Regenerative Medicine Advanced Therapy (RMAT) [3].
Upstream Bio to Present at the 44th Annual J.P. Morgan Healthcare Conference
Globenewswire· 2026-01-05 12:00
Company Overview - Upstream Bio, Inc. is a clinical-stage biotechnology company focused on developing treatments for inflammatory diseases, particularly severe respiratory disorders [3] - The company is advancing verekitug, a monoclonal antibody targeting the receptor for thymic stromal lymphopoietin (TSLP), which is involved in inflammatory responses [3] - Verekitug is currently in separate Phase 2 trials for chronic rhinosinusitis with nasal polyps (CRSwNP), severe asthma, and chronic obstructive pulmonary disease (COPD) [3] Upcoming Events - Rand Sutherland, MD, CEO of Upstream Bio, will present at the 44th Annual J.P. Morgan Healthcare Conference on January 12, 2026, at 2:15 p.m. PT [1] - A live webcast of the presentation will be available on Upstream Bio's website, with a replay accessible afterward [2]
Jade Biosciences Outlines Key 2026 Objectives and Strategy to Advance Pipeline of Potentially Best-in-Class Monoclonal Antibodies Across Multiple Autoimmune Diseases Ahead of the 44th Annual J.P. Morgan Healthcare Conference
Globenewswire· 2026-01-05 12:00
Core Insights - Jade Biosciences, Inc. is focused on developing therapies for autoimmune diseases and has outlined its strategic priorities for 2026, including key milestones ahead of the J.P. Morgan Healthcare Conference [1][2] Key Program Updates - JADE101 is a fully human monoclonal antibody targeting APRIL, currently in Phase 1 trials, showing high binding affinity and engineered for extended half-life, aiming for patient-friendly dosing [3][4] - JADE201, an anti-BAFF-R monoclonal antibody, is set to enter first-in-human studies in rheumatoid arthritis patients in Q2 2026, with interim data expected in 2027 [5][8] - JADE301, a newly nominated development candidate, is in preclinical development with a Phase 1 trial expected to start in the first half of 2027 [6][14] Upcoming Milestones - Interim results from the JADE101 Phase 1 trial are expected in the first half of 2026, which will inform dose selection for subsequent trials [7] - The Phase 2 clinical trial for JADE101 in IgA nephropathy patients is anticipated to begin mid-2026, with preliminary data expected in 2027 [6][7] - JADE201's first-in-human study is expected to begin in Q2 2026, with interim data anticipated in 2027 [14] Financial Update - As of December 31, 2025, Jade expects to report approximately $336 million in cash and equivalents, providing operational runway into the first half of 2028 [9][10]
ProPhase Labs Provides Update on Convertible Debt Conversions, Capital Structure, and Underlying Asset Value
Globenewswire· 2026-01-05 10:00
Core Viewpoint - ProPhase Labs, Inc. is addressing recent stock price volatility attributed to technical factors, including convertible debt conversion and a reverse stock split, while emphasizing the stability of its underlying asset value [2][3][5]. Group 1: Stock Price Volatility - The company believes that recent stock price fluctuations are due to short-term technical factors, such as the conversion and resale of convertible debt and the transition from Nasdaq to the OTC market [2]. - Over $3.3 million of the $3.8 million convertible debt has been converted, leading to a reduction in company debt and an increase in shareholders' equity [3]. - The remaining unconverted balance of convertible debt is less than $500,000, and recent conversions occurred at a price of approximately $0.76 per share, which is above the current trading price [4]. Group 2: Financial Health and Asset Value - The conversion of debt has increased the number of outstanding shares but has also reduced liabilities, thereby strengthening the company's balance sheet [5]. - The intrinsic value of ProPhase Labs' assets remains unchanged despite the capital structure changes, with significant underlying value in its operating subsidiaries and assets [5]. - The company is focused on stabilizing its capital structure and advancing core business operations, indicating that recent trading volatility does not reflect changes in long-term strategy or growth prospects [5]. Group 3: Company Overview - ProPhase Labs is a biotech and consumer products company focused on innovative healthcare solutions, including Whole Genome Sequencing and diagnostic tests [7]. - The company aims to revolutionize healthcare and is committed to executional excellence and smart diversification [7].