 Heres a roundup of top developments in the biotech space over the last 24 hours.Scaling The Peaks Biotech Stocks Hitting 52-week Highs May 21 ADC Therapeutics SA NYSE: ADCT IPOed May 15 Allogene Therapeutics Inc NASDAQ: ALLO AstraZeneca plc NYSE: AZN announced 1 billion BARDA funding for coronavirus vaccine program Biondvax Pharmaceuticals Ltd - ADR NASDAQ: BVXV Cellectis SA NASDAQ: CLLS ChemoCentryx Inc NASDAQ: CCXI Corbus Pharmaceuticals Holdings Inc NASDAQ: CRBP Cue Biopharma Inc NASDAQ: CUE Fate Therapeutics Inc NASDAQ: FATE Harpoon Therapeutics Inc NASDAQ: HARP Horizon Therapeutics PLC NASDAQ: HZNP Intellia Therapeutics Inc NASDAQ: NTLA Kamada Ltd. NASDAQ: KMDA Minerva Neurosciences Inc NASDAQ: NERV Ovid Therapeutics Inc NASDAQ: OVID Passage Bio Inc NASDAQ: PASGFDA granted Rare Pediatric Disease designation to its gene therapy PBGM01 broadly for the treatment of GM1 gangliosidosis Soleno Therapeutics Inc NASDAQ: SLNO Surface Oncology Inc NASDAQ: SURFDown In The Dumps Biotech Stocks Hitting 52-week Lows May 21 Akorn, Inc. NASDAQ: AKRX filed for Chapter 11 bankruptcy Digirad Corporation NASDAQ: DRAD Genfit SA NASDAQ: GNFTRelated Link: These 6 Coronavirus Vaccine Candidates Are The Likeliest To Succeed, Says Morgan StanleyStocks In Focus Aquestives Partnered Parkinsons Drug Gets FDA Nod Aquestive Therapeutics Incs NASDAQ: AQST development partner Sunovion announced FDA approval for Kynmobi sublingual film - APL-130277 - for the acute, intermittent treatment of OFF episodes in patients with Parkinsons disease. The drug is expected to be available in the U.S. pharmacies in September.Following the approval, Aquestive said it plans to monetize its PharmFilm based therapies.We continue to expect that we will receive between 50 to 100 million of non-dilutive capital from the monetization, in one or a series of transactions, the company said.The stock rose 5.2 to 6.47 in after-hours trading.Syndaxs Lead Breast Cancer Drug Flunks Late-stage Study Syndax Pharmaceuticals Inc NASDAQ: SNDX said a late-stage study that evaluated its investigational compound entinostat along with exemestane in patients with HR, HER2- breast cancer who have progressed on a non-steroidal aromatase inhibitor did not achieve the primary endpoint of demonstrating a statistically significant overall survival benefit over hormone therapy alone.The study was conducted by ECOG-ACRIN Cancer Research Group and sponsored by the National Cancer Institute.The stock slumped 19.41 to 16.52 in after-hours trading.Tiziana To Spin-off Its Personalized Medicines Businesses TIZIANA LF SCIES ADR NASDAQ: TLSA said it intends to demerge its StemPrintER and SPARE genomics-based personalized medicine businesses into a separate company and effect a capital reduction to facilitate the spin-out and listing of StemPrintER as an independent entity.Amarin To Support Pilot Study Of Vascepa In Treating COVID-19 Amarin Corporation plc NASDAQ: AMRN said it supports a clinical trial to investigate the effects of its Vascepa on inflammatory biomarkers and other patient outcomes in individuals with COVID-19. The trial is sponsored by the Canadian Medical and Surgical Knowledge Translation Research Group, the company said.Separately, generic pharma company Hikma Pharmaceuticals announced its wholly-owned U.S. subsidiary Hikma Pharmaceuticals USA Inc. has received FDA approval for its generic equivalent to Vascepa.In pre-market trading Friday, Amarin stock was adding 3.85 to 7.56.Navidea Reports Positive Mid-stage Results For Rheumatoid Arthritis Treatment Navidea Biopharmaceuticals Inc NYSE: NAVB announced positive preliminary results from the second interim analysis of its ongoing NAV3-31 Phase 2B studyAnalysis demonstrates that these interim data further corroborate Navideas hypotheses that Tc99m tilmanocept imaging can provide robust, quantitative imaging in healthy controls and in patients with active rheumatoid arthritis, and that this imaging can provide an early indicator of treatment efficacy in patients with active RA, the company said.The stock was seen skyrocketing 65.35 to 2.10 in pre-market trading.Roche Buys Gene Sequencing Tech Company Roche Holdings AG OTC: RHHBY announced acquisition of Stratos Genomics, an early-stage sequencing technology company to advance the development of its nanopore sequencer.The company did not disclose the financial terms of the dealTetraphase Deems Melintas Latest All-Cash Offer As Superior, Notifies AcelRx Tetraphase Pharmaceuticals Inc NASDAQ: TTPH, which has been pursued by multiple companies, said its board has determined that the latest proposal from Melinta Therapeutics, Inc. is a Superior Offer.Melinta has offered 27 million in cash, plus an additional 12.5 million in cash potentially payable under contingent value rights to be issued in the proposed acquisition.View more earnings on IBBTetraphase, which agreed to a deal to be bought byAcelRx Pharmaceuticals Inc NASDAQ: ACRX, said it has informed about its determination concerning the Melinta offer and given AcelRx time until May 29 to either terminate the merger or revise the terms of the merger.Incidentally, La Jolla Pharmaceutical Company NASDAQ: LJPC had also tabled an offer for Tetraphase.In pre-market trading, AcelRx shares were adding 2.74 to 1.50.Amag Divests Intrarosa For Upto 125M AMAG Pharmaceuticals, Inc. NASDAQ: AMAG said it has completed the sale of its rights to Intrarosa to Millicent Pharma Limited, for up to 125 million, including upfront fixed consideration of 20 million and contingent, sales-based milestone payments of up to 105 million.The company said the sale is consistent with its previously announced strategic decision to divest its womens health assets. It also said it remains committed to the divestiture of Vyleesi and associated expense reductions as previously announced.Offerings ContraFect Corp Stock NASDAQ: CFRX said it has priced its underwritten public offering of 11.8 million shares of its common stock and related warrants to purchase 8.85 million shares. The gross proceeds from the public offering will be approximately 52.5 million, it said. All shares in the public offering are to be sold by ContraFect.In premarket trading Friday, the stock was slipping 11.87 to 4.75.Hoth Therapeutics Inc NASDAQ: HOTH priced its underwritten public offering of 1.82 million shares of common stock at 2.75 per share, for raising gross proceeds of 5 million. The offering is expected to close on or about May 27.The stock was slipping 5.36 to 3 in premarket trading Friday.Dynavax Technologies Corporation NASDAQ: DVAX priced its previously announced underwritten public offering of 14 million shares of its common stock at 5 per share. The gross proceeds to Dynavax from the offering are expected to be approximately 70. The offering is expected to close on or about May 27.The stock was retreating 10.25 to 5.08 in premarket trading Friday.PPD Inc NASDAQ: PPD said it upsized and finalized the terms of the offering of 500 million aggregate principal amount of 4.625 senior notes due 2025 and 700 million aggregate principal amount 5.000 senior notes due 2028. The aggregate principal amount of the notes to be issued in the offering was increased to 1.2 billion from the previously announced 700 million, the company said.In premarket trading Friday, the stock was adding 1.23 to 28.Geron Corporation NASDAQ: GERN said it intends to offer and sell shares of its common stock and accompanying warrants to purchase shares of its common stock in an underwritten public offering. All the securities earmarked for the offering are being sold by the company.The stock was slipping 20.92 to 1.55 in pre-market trading.On The Radar Clinical Readouts Atara Biotherapeutics Incs NASDAQ: ATRA abstract on the Phase 1 data for ATA188 in multiple sclerosis, regarding its European Academy for Neurology presentation, will be made available online at 12:30 pm ET.Earnings Teligent Inc NEW JERSEY NASDAQ: TLGTIPO Inari Medical, a medical device company, priced its upsized initial public offering of 8.203 million shares of its common stock at 19.00 per share, for total gross proceeds of approximately 156 million. The company had earlier planned for a 7.33-million stock offering, with an estimated price of 17-18 per share. The shares are to be listed on the Nasdaq under the ticker symbol NARI.See more from Benzinga The Daily Biotech Pulse: Mixed Filgotinib Readout For Gilead-Galapagos, Akorn To File For Chapter 11, D-Day For Aquestive The Daily Biotech Pulse: Aldeyra Jumps Into COVID-19 Drug Fray, FDA Nod For Myriads Companion Diagnostic Test The Daily Biotech Pulse: FDA Nod For Roche, Arbutus Releases Positive Readout For HBV Therapy, Moderna Announces .34B Common Stock OfferingC 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 