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In a down year for biotech stocks, the five top performers nevertheless are set for triple-digit gains. The biotech industry is slated to close down by double digits, but five top performers — a cancer specialist rivaling AstraZeneca AZN and AbbVie ABBVand four IPOs — are prepping to end the year with triple-digit gains.
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Niraparib belongs to a class of drugs called PARP inhibitors. Companies are studying whether inhibiting those enzymes could be a key to treating cancer. Donald Trump's election caused biotech and pharma stocks to yo-yo on Wall Street, first on relief that he wouldn't battle rising drug pricesthen on worry over the president-elect's pledge to take up a fight that typically had been led by the Democratic party.
Tesaro's FDA win came a day after the FDA approved Clovis Oncology 's CLVS ovarian cancer drug.
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Previously, AstraZeneca was alone in the market, having a PARP inhibitor approved in for some uses. Medivation MDVN and AbbVie, too, are testing PARP inhibitors. Dermatologic biotech Novan NOVN and gene therapy firm Avexis AVXS followed Tesaro as top performers in among IBD's biotech group.
On ethical stock market trading games stock market todayMerus stock fell 1. Merus competes alongside Merck, Bristol-Myers Squibb BMYRoche RHHBY and AstraZeneca, among others, in the immuno-oncology I-O market. Immunotherapies target the body's immune system to help fight cancers.
After the top five, then come Theravance Biopharma TBPH up Of IBD's company Medical-Ethical Drugs industry group — down Tesaro Bolts On Ovarian Cancer Apexinvesting binary options strategies of containment Win Vs.
After Amazon's buyout of Whole Foods Market, will Grubhub be the next item on the e-commerce giant's menu? Track the latest defense deals, airline orders and other aerospace news from the Paris Air Show.
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