The Latest Breaking News from biotechnology

Here's a roundup of top developments in the biotech space over the last 24 hours:

Leading biotechnology company Vertex Pharmaceuticals (VRTX) has achieved strong top and bottom-line growth in its last quarter. Furthermore, the company is well-positioned to benefit from its diversified pipeline of transformative small-molecule, cell, and genetic therapies. Thus, even after gaining 27.5% year-to-date, we think VRTX still has decent upside potential. Read…

The biotech industry seems poised to witness solid growth over the next decade with intensive innovation, breakthrough developments, and growing investments in the sector. So, given analysts’ promising growth outlook for the industry, it could be wise for investors to buy and hold fundamentally solid biotech stocks Vertex Pharmaceuticals (VRTX),…

With the growing odds of the economy tipping into a recession due to an aggressive monetary policy tightening to tame the sky-high inflation, it could be difficult for fundamentally weak stocks to stay afloat. Invesco (IVZ), Kymera (KYMR), Mogo (MOGO), and Sana Biotechnology (SANA) have been recently downgraded by our…

Danish biotechnology company Bavarian Nordic said on Monday the European Commission had given permission for its Imvanex vaccine to be marketed as protection against monkeypox, as recommended last week by the European Medicines Agency (EMA).

Genetically modified (GM) cowpea has cleared the first of the three regulatory hurdles in the way of commercialisation in Ghana. If it is commercialised, it will be the first GM crop grown in the country – a major milestone. Biotechnology proponents have been working for decades to integrate GM crops…

Holds roadshow in city on its new Biotechnology Policy  

Vir Biotechnology Inc shows rising price performance, earning an upgrade to its IBD Relative Strength Rating.

Tisco Bank's wealth advisory unit suggests moving away from energy stocks to biotechnology and healthcare as several US economic indicators have signalled a higher risk of recession.

Nigeria – the sixth largest producer of cashew nuts globally – exports more than 80% of its raw cashews primarily to Vietman and India where they are processed into various consumer products such as butter, food and cosmetic ingredients.

Wood also dumped a familiar biotechnology name, and bought two other stocks for the second day in a row.