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Top Stocks to Look For on July’s FDA Calendar

Biotech and pharmaceutical companies are generally involved in the lengthy process of getting their drug candidates to market through clinical trials. There is a fair amount of risk to a great amount of risk involved, should a study come back negative or should a candidate not be approved. Conversely, if a drug is approved or passes a clinical trial, there can be massive upside.

The long and short of the matter is that updates within this industry, as well as U.S. Food and Drug Administration (FDA) rulings, can make or break these companies.

24/7 Wall St. has collected several catalysts that are coming up on the calendar in the month of July and added some color, along with the trading range and price target. Note that, due to many outside and internal factors, there are no assurances that the dates will remain static. Some date changes are positive developments, and some can be disasters if a company is not deeply financed.

As a side note about the Prescription Drug User Fee Act (PDUFA): a Priority Review designation is granted to medicines that the FDA determines have the potential to provide significant improvements in the treatment, prevention or diagnosis of a disease.

Also in the coming weeks, the International Society on Thrombosis and Haemostasis (ISTH) 2017 Congress in Berlin will be taking place. ISTH is a global not-for-profit membership organization advancing the understanding, prevention, diagnosis and treatment of thrombotic and bleeding disorders. The congress hosts the world’s leading experts on thrombosis, hemostasis and vascular biology, presenting the most recent advances to improve patient care.

Spark Therapeutics Inc. (NASDAQ: ONCE) is scheduled to release interim data from its Phase 1/2 clinical trial of SPK-9001 for hemophilia B at the ISTH. The presentations from this event will take place between July 8 and 13. Overall this treatment is approaching hemophilia from the gene therapy perspective, as opposed to the preferred treatment of factor replacement in which the missing factor protein is put into the affected patient’s...