5 Top NASDAQ Biotech Stocks: Trevena Leads the List

Trevena, AVEO, Aralez, Miragen and Curis top the NASDAQ biotech stock list.

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The NASDAQ Biotechnology Index (INDEXNASDAQ:NBI) saw a 1.59 percent decrease over the last five trading days and traded at 3,321.97 points. The Index is up 19.76 percent year-to-date.

In its latest attempt to replace the Affordable Care Act, Senate Majority Leader Mitch McConnell introduced a revised version of the highly controversial Republican health care act with the amount of modification made to appeal both far-right Republicans and entice moderates who have been facing voter outrage. Novartis (VTX:NOVN) announced the US Food and Drug Administration (FDA) Oncologic Drugs Advisory Committee (ODAC) recommended and approved its CAR-T cell therapy to treat relapsed or refractory pediatric and young adult patients with B-cell acute lymphoblastic leukemia. This is the first genetic therapy of its kind to make it in front of the FDA and get a positive recommendation. Following the acceptance of Endo Pharmaceuticals (NASDAQ:ENDP)  to remove Opana ER, an opioid-based product off the shelves, the FDA will ask pharmaceutical companies to educate medical officers more appropriately when it comes to opioid abuse, including giving patients information on other nonopioid pain therapies.

The data and numbers for this week’s roundup were collected at 2:00 P.M. EST.

  • Trevena (NASDAQ:TRVN)
  • AVEO Pharmaceuticals (NASDAQ:AVEO)
  • Aralez Pharmaceuticals (NASDAQ:ARLZ)
  • Miragen Therapeutics (NASDAQ:MGEN)
  • Curis (NASDAQ:CRIS)

Trevena (NASDAQ:TRVN)

Trevena is a biotech company working on its lead candidate OLINVO, a chemical entity for the management of moderate-to-severe acute pain. Last week the company announced it would host an analyst day with presentation from its management team being available online as well.

However, there has been no further recent news from the company to explain last week’s rise in share price.

Trevena gained 23.91 percent last week and traded at $2.70 per share.

AVEO Pharmaceuticals (NASDAQ:AVEO)

AVEO is a biopharmaceutical company working on the oncology therapy sector. The company’s lead candidate tivozanib, a treatment of renal cell carcinoma recently received a recommendation of approval by the Committee for Medicinal Products for Human Use (CHMP), the scientific committee of the European Medicines Agency (EMA). If the candidate gets approved the company would see to earn $4 million from a research grant.

AVEO Pharmaceuticals gained 17.28 percent last week and traded at $2.62 per share.

Aralez Pharmaceuticals (NASDAQ:ARLZ)

Aralez works on developing products for the treatment of issues in cardiovascular, pain and other specialty areas. Most recently (June 27) the company shared the news of the United States District Court for the District of New Jersey upholding two patents from a subsidiary of the company and found Mylan (NASDAQ:MYL) would infringe on one of these patents with proposed products.

However, there has been no further recent news from the company to explain last week’s rise in share price.

Aralez Pharmaceuticals gained 14.49 percent last week and traded at $1.56 per share.

Miragen Therapeutics (NASDAQ:MGEN)

This clinical stage biopharmaceutical is working on microRNA-targeting therapies for patients. Most recently (June 8) Miragen announced it would be presenting Phase 1 clinical trial data for the MRG-106 at the International Conference on Malignant Lymphoma, which took place from June 14 to the 17.

However, there has been no further recent news from the company to explain last week’s rise in share price.

Miragen Therapeutics gained 13.98 percent last week and traded at $15.05 per share.

Curis (NASDAQ:CRIS)

Curis is a biotechnology developing drug candidates looking to treat human cancers. CUDC-907 and CA-170 are the company’s two leading candidates right now, involved in early phases of clinical trials for patients with tumors. Most recently (June 5) the company announced the approval of “the grant of inducement stock options to purchase a total of 200,000 shares of Curis common stock to two new employees.”

However, there has been no further recent news from the company to explain last week’s rise in share price.

Curis gained 12.63 percent last week and traded at $2.17 per share.

Don’t forget to follow @INN_LifeScience for real-time updates!

Data for 5 Top NASDAQ Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $10 million prior to the week’s gains are included. Companies within the biotechnology and pharmaceutical sectors are considered.

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

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