- Benzinga
Why Pieris Pharmaceuticals Shares Shooting Higher Today?
Pieris Pharmaceuticals Inc (NASDAQ: PIRS) shares are trading higher after the company provided a strategic update. The company says the update follows recent events that have impacted its inhaled respiratory franchise, including AstraZeneca Plc's (NASDAQ: AZN) discontinuation of enrollment of the Phase 2a study for elarekibep. AstraZeneca has now informed the company of its decision to terminate the parties' R&D collaboration agreement, hand back elarekibep, and discontinue the remaining discove
- InvestorPlace
3 Doomed Biotech Stocks Destined for Disaster
The world of biotech stocks is notoriously difficult to predict. History is littered with companies that appeared destined for superstar status only to crash and burn. A brutal FDA approval process is partly responsible for that truth. 90% of clinical drug development leads to failure. Developmental costs are another important factor. High failure combined with high costs produces disaster in many cases. It is not uncommon for hundreds of millions of dollars to be spent, and to never produce any
