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SECTOR COVERAGE

Biotech Stock News

44 STORIES · UPDATED 10H AGO

In biotech the whole thesis often hinges on one FDA decision or trial read-out. We track the catalysts and the cash runway behind them, because a promising pipeline means little if the balance sheet runs dry before approval.

By Basis Report Editorial DeskReviewed by Basis Report Methodology TeamMethodology
Top StoryTWST

Twist Bioscience Insiders Sell $25M Into AI-Driven Rally

Twist Bioscience shares trade roughly 29% above analyst consensus on a reported guidance hike and Anthropic-linked AI announcement, yet insiders net-sold $24.97M with zero purchases during the rally. The most recent quarter recorded a 211.1% earnings miss alongside negative free cash flow of -$65M, with a $300M capital raise completed in August 2026.

IONSAnalysis

Ionis Insiders Sold at $85, Then Bought at $52

Goldman Sachs raised its Ionis Pharmaceuticals price target today, lifting shares 4% in after-hours trading, yet the stock sits roughly 28% below the …

AMLXAnalysis

Amylyx Files Offering Same Day as Phase 3 Win

Amylyx Pharmaceuticals surged 45% after Avexitide posted positive Phase 3 results for post-bariatric hypoglycemia and congenital hyperinsulinism, cond…

AMLXBrief+45%

Amylyx Pharmaceuticals Jumps 45% as Trial Cuts Hypoglycemia by 55%

Amylyx Pharmaceuticals surged 45% in a single trading session after its experimental drug showed a 55% reduction in dangerous hypoglycemia events, a c…

IBRXAnalysis

ImmunityBio Directors Sold $3.9M Before Earnings Miss

Three ImmunityBio directors completed $3.92 million in open-market share sales between June 4 and July 2, before an August 4 earnings report that disc…

IBRXAnalysis

ImmunityBio Insiders Banked $3.92M Above Current Price

Three ImmunityBio directors sold $3.92M in shares at $7.18-$9.50 weeks before the company reported its worst EPS miss in four quarters, a -175% shortf…

IBRXAnalysis

ImmunityBio Directors Sold $3.92M Before Earnings Miss

Three ImmunityBio board members sold $3.92 million in shares at prices between $7.18 and $9.50 between June 4 and July 2, 2026, weeks before the compa…

ATAIAnalysis

AtaiBeckley Beats: Lilly Takes the Upside

AtaiBeckley delivered a 17.9% EPS beat, its first in at least four quarters, at the same moment Eli Lilly's $6.75 acquisition locked the ceiling on sh…

SMMTAnalysis

Summit Therapeutics CEOs Spend $100M Buying Own Stock

Summit Therapeutics co-CEOs Robert Duggan and Mahkam Zanganeh each bought 3,810,000 shares at $13.12 on June 12, committing a combined $100 million of…

ATAIAnalysis

AtaiBeckley Insiders Sold Before $6.75 Lilly Bid

AtaiBeckley has agreed to a $6.75-per-share cash acquisition by Eli Lilly, with Reuters pegging total value at up to $3.8 billion, as shares trade at …

PRAXAnalysis

Praxis Jumps on FDA Checks, Vormatrigine Misses Phase 3

Praxis Precision Medicines jumped 15.95% on August 6 after FDA mid-cycle reviews flagged no significant efficacy issues and clinical site inspections …

ARWRAnalysis

ARWR Jumps on Phase 3 Trial Win, Analysts Raise Targets

Arrowhead Pharmaceuticals surged after positive Phase 3 results that analysts called a "best-case scenario," with Piper Sandler and Chardan raising ta…

PVLAAnalysis

Palvella COO Logs Third Month of Open-Market Sales

Palvella Therapeutics COO Kathleen Goin sold approximately $642,000 in company shares on July 15, completing a third consecutive month of identical 4,…

RGCAnalysis+12%

Regencell Stock Surges 12% With Class Actions Pending

Regencell Bioscience Holdings climbed 12% on July 22 with no identifiable catalyst in public filings, even as securities class actions from two law fi…

ORKABrief

Oruka Therapeutics Expands IL-23 Drug Rights But Delays Key IBD Trial

Oruka Therapeutics widened its IL-23 indication rights but delayed IBD dosing timelines, removing a near-term catalyst while Piper Sandler held its Ov…

MANEBrief

Veradermics Hair-Loss Pill Posts Positive Results in 500-Man Trial

Veradermics' experimental oral hair-loss pill returned positive results in a 500-man trial, marking a key clinical milestone that could accelerate the…

APLSAnalysis

Biogen Closes $5.6B Apellis Acquisition, APLS Delisted

Biogen completed its $5.6 billion acquisition of Apellis Pharmaceuticals on May 14, 2026, paying $41.00 per share in cash plus a contingent value righ…

IBRXAnalysis

ImmunityBio Lands BCG Deal as Anktiva FDA Ruling Nears

ImmunityBio is acquiring U.S. rights to the Tokyo strain of BCG to target a decade-long bladder cancer shortage, while a pivotal FDA decision on its A…

IBRXBrief

ImmunityBio Grabs BCG Rights Ahead of Make-or-Break FDA Ruling

ImmunityBio is acquiring U.S. rights to Tokyo strain BCG while bracing for an imminent Anktiva FDA ruling, a dual catalyst that creates a binary risk …

OGNBrief

Organon Gets 24% Sun Pharma Buyout Bid at $13.25 Floor Price

Sun Pharma's all-cash offer for Organon at a 24% premium converts the stock from a fundamentals story into a merger arbitrage trade.

UECBrief

Uranium Energy Corp Pops 9.7% on Burke Hollow Approval, First New U.S. ISR Project in Years

Uranium Energy Corp shares rose 9.7% after Burke Hollow became the first new U.S. ISR uranium project to launch in years, with Vanguard disclosing a 5…

ERASAnalysis-40%

Erasca Plunges 40% on Trial Death, Patent Threat

Erasca shares collapsed roughly 40% in after-hours trading after Phase 1 data for ERAS-0015 revealed a treatment-related patient death alongside other…

ORKABrief

Oruka Therapeutics Stock Hits Record High on Psoriasis Drug Data, Then Launches $500M Offering

Oruka Therapeutics surged to a record high after Phase IIa data showed 64% skin clearance for its once-yearly psoriasis drug, then launched a $500M pu…

RCUSBrief

Arcus Biosciences Stock Rebounds 7.8% After Lung Cancer Trial Fails — Here's the Twist

Arcus Biosciences discontinued its Phase 3 lung cancer trial for futility, but the stock rebounded 7.8% as analysts flagged Merck's belzutifan failure…

NKTRBrief

Nektar Therapeutics Raises $250 Million After Alopecia Drug Sends Stock Up 18%

Nektar Therapeutics is raising $250 million in a public stock offering timed to an 18.3% rally on positive alopecia trial data, a classic biotech move…

LEGNBrief+18%

Legend Biotech Surges 18% After Eli Lilly Strikes $7 Billion Cancer Therapy Deal

Eli Lilly struck a ~$7 billion deal tied to Legend Biotech's CARVYKTI cancer therapy, sending LEGN shares up as much as 18% for the stock's best sessi…

KLRABrief

Kailera Therapeutics Raises $625 Million in Biotech's Biggest IPO, Then Pops 63%

Kailera Therapeutics priced one of biotech's largest-ever IPOs at $625 million and saw shares surge roughly 63% on their first day, reflecting intense…

TNGXBrief

Tango Therapeutics Overhauls C-Suite With Three Senior Hires to Push Pancreatic Cancer Drug Toward Approval

Tango Therapeutics appointed Matthew Gall as CFO and hired two additional senior executives to accelerate late-stage development of pancreatic cancer …

TVTXBrief+33%

Travere Therapeutics Surges 33% After FDA Approves the Only Drug for Rare Kidney Disease

Travere Therapeutics stock surged after FILSPARI became the first and only FDA-approved treatment for focal segmental glomerulosclerosis, a rare kidne…

SYREBrief

Spyre Therapeutics Hits 4-Year High on Trial Win, Then Sells $300 Million in Stock

Spyre Therapeutics' SPY001 met all Phase 2 endpoints for ulcerative colitis, prompting analyst upgrades and a 4-year share price high, but the company…

TLXBrief

Telix Pharmaceuticals Jumps After FDA Accepts Brain Cancer Drug Filing

FDA accepted Telix Pharmaceuticals' NDA filing for its brain cancer imaging agent Pixclara, setting up a binary approval catalyst for the $804mn-reven…

IBRXBrief

ImmunityBio Got Promising Trial Data and an FDA Warning Letter in the Same Month

ImmunityBio confirmed its pivotal BCG-naive bladder cancer trial has adequate statistical power for a 2026 supplemental filing, but an FDA warning let…

RLAYBrief+16%

Relay Therapeutics Jumps 16% on New Clinical Data for Its Lead Drug Outside Cancer

Relay Therapeutics surged 16% ahead of its first clinical data presentation for Zovegalisib in vascular anomalies, a new therapeutic area that could e…

RLAYBrief+16%

Relay Therapeutics Jumps 16% on New Clinical Data for Its Cancer Drug in Rare Disease

Relay Therapeutics gained 16% after announcing initial clinical data on Zovegalisib in vascular anomalies at the ISSVA World Congress, potentially val…

KODBrief

Kodiak Sciences Aces Second Phase 3 Trial for Zenkuda in Diabetic Retinopathy

Kodiak Sciences reported positive GLOW2 Phase 3 results showing Zenkuda achieved a 62.5% response rate vs 3.3% for sham in diabetic retinopathy, givin…

PRAXBrief

Praxis Precision Medicines Wins FDA Priority Review for Relutrigine NDA

Praxis Precision Medicines received FDA acceptance and Priority Review designation for its relutrigine NDA in rare pediatric epilepsy, compressing the…

KODAnalysis

Kodiak Sciences Needs Second Phase 3 Trial Despite "Superiority" Claims

Kodiak Sciences announced positive GLOW2 Phase 3 results for tarcocimab tedromer, but the need for a second confirmatory study suggests regulatory com…

WVEBrief-56%

Wave Life Sciences Plunges 56% Despite Obesity Drug Data

Wave Life Sciences stock plummeted 56% after reporting interim Phase 1 data for obesity drug WVE-007 that showed visceral fat reduction but failed to …

CORTBrief

Corcept Therapeutics Gets FDA Approval for Ovarian Cancer Drug

FDA approved Corcept Therapeutics' Lifyorli combination therapy for platinum-resistant ovarian cancer, marking the company's expansion into oncology.

SRPTAnalysis+35%

Sarepta Surges 35% But Gene Therapy Safety History Signals Major Risk

Sarepta's 35% surge on early siRNA efficacy data creates dangerous asymmetric risk as gene therapy safety issues historically emerge years after initi…

SRPTBrief+35%

Sarepta Therapeutics Surges 35% on Positive siRNA Trial Data

Sarepta Therapeutics surged 35% after releasing positive early clinical data from siRNA trials targeting neuromuscular diseases FSHD1 and DM1, coupled…

CORTAnalysis

Corcept Insider Drops $3.3M Just Before FDA Win Signals Hidden Value

A Corcept insider purchased $3.3 million in shares just before the company's FDA approval for Lifyorli, suggesting management confidence in broader pl…

AAPGAnalysis

Ascentage Pharma's Protein Degrader Pivot Signals Traditional Pipeline Crisis

Ascentage Pharma received China IND clearance for BTK protein degrader APG-3288, marking a strategic shift into unproven PROTAC technology. The pivot …

APGEBrief

Apogee Therapeutics Posts 52-Week Trial Data, Launches $300mn Offering

Apogee Therapeutics reported positive 52-week Phase 2 trial data for Zumilokibart in atopic dermatitis and launched a $300mn public offering to fund a…

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