30.05.2024 11:56:02 - dpa-AFX: Biotech Stocks Facing FDA Decision In June 2024

THOUSAND OAKS (dpa-AFX) - Every year, the month of June is observed as the
Alzheimer's and Brain Awareness Month, a time dedicated to raising awareness and
fostering conversations about Alzheimer's disease and other forms of dementia.
Notably, in June, Eli Lilly's investigational antibody therapy Donanemab for
treating early Alzheimer's will be reviewed by an advisory panel.

Before delving into the drugs awaiting FDA decision in June, let's recap some
regulatory events that occurred in May.

On May 1, a Memorandum of Understanding was established by the FDA and the U.S.
Department of Agriculture (USDA) to Clarify Roles and Responsibilities for
Regulation of Intentional Genomic Alterations (IGAs) in Animals. The IGAs in
animals can be made using modern molecular technologies, and these technologies
are said to hold great promise for various applications, including animal
disease resistance, controlling disease transmission, and enhancing food
production.

On May 16, the FDA approved Amgen's Imdelltra, the first and only T-cell engager
therapy for the treatment of extensive-stage small cell lung cancer.

On May 28, the FDA approved Amgen's Bkemv as the first interchangeable
biosimilar to Soliris to treat paroxysmal nocturnal hemoblobinuria and atypical
hemolytic uremic syndrome. This marks the 53rd approved biosimilar in the U.S.,
with 13 designated as interchangeable.

Now, let's take a look at the biotech stocks awaiting FDA decision in June 2024.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Amgen 867900 NASDAQ 320,000 12.08.24 22:00:08 -2,490 -0,77% 319,790 320,000 323,900 322,490
Eli Lilly & Co 858560 NYSE 884,380 12.08.24 22:00:08 -7,300 -0,82% 886,000 886,800 904,210 891,680
Merck & Co A0YD8Q NYSE 113,480 12.08.24 22:00:08 -1,070 -0,93% 113,350 113,490 113,780 114,550
Ligand Pharmaceuticals A1C9RN NASDAQ 99,600 12.08.24 22:00:08 -0,555 -0,55% 67,490 103,880 103,280 100,155

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