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The Week Ahead in Biotech (Dec.26-Jan. 1): Xeris FDA Decision, Pending Clinical Readouts in Focus in Final Week of Year

Biopharma stocks eked out modest gains in the week ending Dec. 23, with regulatory decisions, clinical readouts and COVID-19 treatment and vaccine developments dictating sentiment.

The week’s news was headlined by the Food and Drug Administration issuing emergency use authorizations for two oral COVID-19 antiviral pills. Pfizer, Inc. (NYSE: PFE) received authorization for its oral drug Paxlovid on Wednesday, followed by Merck & Co., Inc.’s (NYSE: MRK) molnupiravir.

BiondVax Pharmaceuticals Ltd. (NASDAQ: BVXV) rallied strongly after it announced in-licensing of nano-sized COVID-19 antibody.

Allakos Inc. (NASDAQ: ALLK) was among the worst performers of the week after the company’s investigational compound flunked late-stage studies in inflammation of the digestive tract.

Here are the key biopharma …

Full story available on Benzinga.com

Article: benzinga.com

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