Don't Wait for FDA Approval

Biotech stocks are booming in 2024, but picking winners is tough--most drugs face a decade-long FDA approval process. However, a special FDA signal has led to stock spikes 97% of the time. Now, I believe one drug company is on the verge of getting this FDA signal.

Why Is Pfizer Partner BioNTech Stock Trading Lower On Monday?

Vandana Singh
June 17, 2024

BioNTech SE’s (NASDAQ:BNTX) partner MediLink Therapeutics (Suzhou) Co., Ltd says the FDA has placed a partial clinical hold on the Phase 1 trial.

The MediLink-sponsored trial evaluates the early-stage antibody-drug conjugate product candidate BNT326/YL202 as a later-line treatment in heavily pre-treated patients with advanced or metastatic epidermal growth factor receptor-mutated non-small cell lung cancer or HR+/HER2-negative breast cancer.

Also Read: What’s Going With BioNTech Stock On Monday?

The partial hold affects the enrollment of new patients in the trial in the U.S., BioNTech said in an SEC filing.

The FDA has shared with MediLink concerns that BNT326/YL202 may, at higher doses, expose human subjects to an unreasonable and significant risk of illness or injuries.

Certain steps need to be taken to address the FDA requests, including reviewing clinical and safety data, sharing available pharmacological data with the Agency, and providing additional information in the investigators’ brochure regarding the safety findings, including grade 5 adverse events observed in studies YL202-INT-101-01 and YL202-CN-201-01.

MediLink has taken actions to pause enrollment of new patients in the U.S. and address the FDA requirements.

Read Next: European Patent Office Sides with Moderna In COVID-19 Vaccine Patent Dispute With Pfizer/BioNTech.

Price Action: BNTX shares are down 5.04% at $87.44 at last check Monday.

Continue Reading...

Popular

Decoding Zuckerberg's Efficiency Mantra: A Wifi Password Speaks Volumes

Meta subtly hinted at CEO Mark Zuckerberg's ongoing commitment to efficiency with the WiFi password at a recent event.

Why Are These Strange "Accidents" Happening All Over America? - Ad

Across America, strange "accidents" are happening in greater numbers than ever before. Jets are falling apart, chemicals are spilling, construction workers are being electrocuted -- and no one knows why. In his new exposé, American financial analyst Dan Ferris reveals the silent force behind this trend... why it's destroying this country from the inside... and where all signs suggest it's about to strike next: the U.S. stock market.

Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star's recent endorsement of Kamala Harris.

U.S. Loses to China in Shocking WAR GAMES - Ad

Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon.

Red Lobster exits Chapter 11 bankruptcy protection

Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection.

Huge payout expected for a rare coin bought by Ohio farm family and hidden for decades

TOLEDO, Ohio (AP) -- Three sisters from Ohio who inherited a dime kept in a bank vault for more than 40 years knew it had some value. But they had no idea just how much until just a few years ago.

Revolutionary Tech Alert: How Elon Musk Is Changing Lives - Ad

"Elon Musk's Neuralink just received FDA breakthrough status for a revolutionary device designed to restore vision to those who've lost it entirely. And the first human clinical trials have opened for recruitment. This is more than just a medical miracle -- it's a wealth-building opportunity. I believe Elon Musk's groundbreaking technology could unlock tremendous financial opportunities for early investors... And I've found a way for you to get in on the action." --Eric Fry

Trump Vs Harris: This Candidate Has The Edge In Latest Swing State Polls

With just over six weeks left until the presidential election, recent polling data reveals a neck-and-neck contest between Kamala Harris and Donald Trump.

Mark Zuckerberg Says He Is Done Apologizing, Reveals One Of The Biggest Mistakes Of His Career

Meta CEO Mark Zuckerberg says he has grown tired of taking on too much ownership of problems beyond his or his company's control.

America's Secret New Currency (Buy Alert) - Ad

A new kind of money is coming to America. It's part of a huge shift quietly playing out in the financial system right now, with very little fanfare. It already has the backing of at least 470 banks, as well as the Federal Reserve and US Treasury.

Controversial Ally Mark Robinson Absent From Donald Trump Rally In Pivotal North Carolina

Donald Trump returned to North Carolina on Saturday to campaign in Wilmington, a key battleground in the upcoming November election.

Thousands of exploding devices in Lebanon trigger a nation that has been on edge for years

BEIRUT (AP) — Chris Knayzeh was in a town overlooking Lebanon's capital when he heard the rumbling aftershock of the blast. Hundreds of tons of haphazardly stored ammonium nitrates had exploded, killing and injuring thousands of people.

President Trump and Elon Musk Issue Stark Warning - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

GE Vernova's Gas Power Services Underappreciated & Poised For Growth: Analyst

GE Vernova upgraded to Buy by BofA Securities, price target raised from $200 to $300. Analyst sees potential in Gas Power Services.

If You Wait for FDA Approval, It Could Be Too Late ... - Ad

Biotech stocks can be incredibly rewarding, but picking the right ones is nearly impossible without a PhD or insider knowledge. The FDA approval process is long and costly, and 9 out of 10 drugs never make it. However, a special FDA signal has led to stock spikes 97% of the time, regardless of approval.

Cards Against Humanity sues Elon Musk's SpaceX over alleged trespassing in Texas

The maker of the popular party game Cards Against Humanity is accusing Elon Musk’s SpaceX of trespassing on and damaging a plot of vacant land the company owns in Texas.

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Elon Musk's SpaceX Launches 90th Mission In 2024, With Over A Third Of Launch Target Still To Go

Elon Musk's rocket manufacturing company SpaceX has launched its 90th launch mission for the year, the company said on Tuesday.

Mark Zuckerberg Flaunts Watches Valued at a Cybertruck's Price

Mark Zuckerberg, CEO of Meta, has been seen sporting luxury watches that rival the cost of a Tesla Cybertruck.

Oil = Monthly Income - Ad

Right now, there's an unusual $25 way to collect MONTHLY income from the oil markets. It's not a stock, bond, or anything you've likely heard about... But it's by far my #1 investment opportunity for 2024.

Georgia's Ruwa Romman: First Muslim Woman in State House Navigates Complex Political Landscape

Georgia's Ruwa Romman, the first Muslim woman in the state's House, navigates the challenges faced by Arab-Americans in this election season.

Utility ordered to pay $100 million for its role in Ohio bribery scheme

An energy company at the center of a $60 million bribery scheme in Ohio has been ordered by the U.S. Securities and Exchange Commission to pay a $100 million civil penalty for misleading investors about its role in the scandal.

5 Stocks That Could Triple in a Week - Ad

What if I told you that I have a system that has detected when these tiny stocks are on the verge of exploding... And what if I told you my system has targeted 5 new stocks that could triple as early as next week? Pay just $5 for a full year of Stealth Trades before this deal disappears!

Boeing makes a 'best and final offer' to striking union workers

Boeing said Monday it made a “best and final offer” to that includes bigger raises and larger bonuses than a proposed contract that was .

What's Going On With Chinese Tech Stocks Like Alibaba, PDD On Thursday?

Alibaba and other Chinese tech stocks are up as US Fed plans to cut interest rates, boosting demand and potential for AI growth.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

SEC Approves Major Overhaul Of US Equity Markets, Largest Reform In Two Decades

The SEC unanimously votes to adopt new rules for pricing stocks under a penny, part of a larger market reform package. Changes aim to promote competition and reduce transaction costs.

Betting on elections threatens confidence in voting and should be banned, US agency says

ATLANTIC CITY, N.J. (AP) — Allowing people to bet on the outcome of poses a great risk that some will try to manipulate the betting markets, which could cause more harm to the already fragile confidence voters have in the integrity of results, according to a federal agency that wants the bets to be banned.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Top 3 Health Care Stocks That May Explode This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

50-Year Wall Street Legend: "Prepare for an Election Surprise" - Ad

During his 50 years on Wall Street, legendary stockpicker traded through 13 presidential elections. Today, he is stepping forward to warn of a critical market shift that could blindside millions of Americans before Election Day.

Elon Musk Tells Tesla Shanghai Team To Help 'Anyone In Distress' After Chinese Mega City Gets Hit By Most Powerful Typhoon In 75 Years

Elon Musk has directed Tesla's Shanghai team to assist those affected by Typhoon Bebinca, the most powerful storm to hit the city in 75 years, which caused widespread damage and evacuations.

UK inflation is steady at 2.2% ahead of Bank of England's next rate decision

LONDON (AP) — Inflation in the U.K. held steady at an annual rate of 2.2% in August, with higher air fares offset by lower fuel costs and restaurant and hotel bills, official figures showed Wednesday.

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

OpenAI's Employees See This Latest Creation As 'Ominous' -- What Is It?

Employees at OpenAI have voiced their dissatisfaction with the company's proposed new logo, which they have described as "ominous" and lacking in creativity.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service