Healthcare Business

30 Big Biotech Events Coming in 2018

Medicines Co. (NASDAQ: MDCO) has Praluent Phase 3 Odyssey Outcomes data for Inclisiran due in the first half of 2018. The stock is expected to see upside in the range of 15% to 40% or downside of 30%. Shares closed at $27.34, with a consensus price target of $49.18 and a 52-week range of $25.40 to $55.95.

Cellidex Therapeutics Inc. (NASDAQ: CLDX) is looking for Phase 3 data for CDX-011 for its Metric trial in triple negative breast cancer due in the first half of 2018. The stock is expected to see either upside of 300% or downside of 50%. Shares of Cellidex closed trading at $2.84, with a consensus price target of $7.30 and a 52-week trading range of $2.20 to $4.02.

Incyte Corp. (NASDAQ: INCY) expects to see Phase 3 ECHO-301 data for epacadostat plus Keytruda in the first half of 2018. Jefferies did not issue any estimates on the how much upside or downside there may be. Incyte shares traded at $94.71, with a consensus price target of $145.61 and a 52-week range of $92.91 to $153.15.

NewLink Genetics Corp. (NASDAQ: NLNK) is also looking for Phase 3 data in Incyte’s ECHO-301 for its melanoma treatment. The stock is expected to see upside of 200% or downside of 50%. NewLink closed trading at $8.11, with a consensus price target of $23.17 and a 52-week range of $5.90 to $25.17.

Sangamo Therapeutics Inc. (NASDAQ: SGMO) has a couple events due in 2018:

  • First in human data for hemophilia A gene therapy is due in the first half of the year. The stock is seen with either see upside of 20% or downside of 20%.
  • MPS 2 gene editing programs updates are also expected in the first half of 2018. The stock is expected to see upside of 30% or downside of 20%.

Shares of Sangamo were trading at $16.40, with a consensus price target of $17.33 and a 52-week range of $2.90 to $18.40.

Ignyta Inc. (NASDAQ: RXDX) anticipates seeing topline data for entrectinib in tropomyosin receptor kinase fusion in the first half of 2018. The stock is expected to see either upside of 25% or downside of 15%. Shares of Ignyta were trading at $26.70, with a consensus price target of $28.00 and a 52-week range of $4.60 to $26.85.

Spark Therapeutics Inc. (NASDAQ: ONCE) has Phase 1/2 hemophilia A data for SPK-8011 due mid-2018. Upside in the range of 20% to 50% or downside between 25% and 50% is expected. Shares of Spark were last seen at $51.42, with a consensus price target of $73.18 and a 52-week range of $41.06 to $91.75.

Celgene Corp. (NASDAQ: CELG) has Phase 3 MDS and beta-thalassemia data for luspatercept due in mid-2018. The stock is expected to see upside of 3% to 7% or downside of 5% to 7%. Celgene shares closed trading at $104.36, with a consensus analyst target of $123.28 and a 52-week range of $94.55 to $147.17.

FibroGen Inc. (NASDAQ: FGEN) is expecting MACE CV results for roxadustal by mid-2018. The stock is expected to see either upside of 50% to 100% or downside of 50% to 75%. FibroGen was trading at $47.40, with a consensus price target of $67.67. The 52-week range is $20.85 to $60.15.

DBV Technologies S.A. (NASDAQ: DBVT) is looking for its Biologistics License Application (BLA) for Viaskin Peanut to be accepted by the FDA in mid-2018. The stock is expected to see upside of 100% or downside of 80%. Shares ended trading on Friday at $24.60, with a 52-week range of $20.58 to $50.57 and a consensus price target of $37.88.