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Published on 3 May 2021 on Benzinga via Yahoo Finance

The Week Ahead In Biotech (May 9-15): Heron, Apellis FDA Decisions, Presentations and Earnings

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Biotech stocks came under pressure in the week ended May 7 as traders digested a slew of earnings news flow and a handful of clinical trial readouts. COVID-19 vaccine stocks came under pressure following the U.S. government's decision to support for taking vaccine technology and intellectual property off patent.

ChemoCentryx, Inc. (NASDAQ: CCXI) shares went from $48.32 to $10.46 over the week, a pullback of over 78% on the back of a negative Adcom verdict.

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