 Scaling The Peaks Biotech Stocks Hitting 52-week Highs July 28 Axonics Modulation Technologies Inc NASDAQ: AXNX Capricor Therapeutics Inc NASDAQ: CAPR Fulgent Genetics Inc NASDAQ: FLGT ITAMAR MED LTDS ADR NASDAQ: ITMR Medpace Holdings Inc NASDAQ: MEDP saw an extension of its earnings-induced momentum NeoGenomics, Inc. NASDAQ: NEOreacted to its second-quarter results OncoSec Medical Inc NASDAQ: ONCS Penumbra Inc NYSE: PEN Qiagen NV NYSE: QGEN TFF Pharmaceuticals Inc NASDAQ: TFFP Trevena Inc NASDAQ: TRVN X T L Biopharmaceuticals Ltd NASDAQ: XTLB Zoetis Inc NYSE: ZTSDown In The Dumps Biotech Stocks Hitting 52-week Lows July 28 Nkarta Inc NASDAQ: NKTX Nurix Therapeutics Inc NASDAQ: NRIXIPOed Friday Verrica Pharmaceuticals Inc NASDAQ: VRCA Sonnet BioTherapeutics Holdings, Inc. NASDAQ: SONNStocks In Focus Alector Slips After Presenting Dementia Drug Trial Results Alector Inc NASDAQ: ALEC announced at the virtual 2020 Alzheimers Association International Conference, or AAIC, preliminary results from a Phase 1b and open-label Phase 2 studies of AL001 for the treatment of people with frontotemporal dementia with a progranulin gene mutation, or FTD-GRN, with the Phase 1 study showing AL001 was generally safe and well-tolerated.The company also said the Phase 2 study showed that treatment with AL001 resulted in sustained restoration of plasma progranulin levels in all FTD-GRN participants back to normal range and the majority of symptomatic FTD-GRN participants showed a decrease in plasma neurofilament light chain levels from baseline.The stock fell 10.97 to 19 in after-hours trading.Sonomas Sanitizer Meets Standards For Use In Aircraft Sonoma Pharmaceuticals Inc NASDAQ: SNOA and its distribution partner MicroSafe Group Dubai announced that Microsafe Disinfectant Sanitizer manufactured by Sonoma successfully passed both the Boeing Co NYSE: BA Specification Standard BSS7434 and the British Aerospace Airbus SE OTC: EADSY specification AIMS09-00-002.The passing of these tests validate the compatibility and safety of the product on the interior and exterior parts and materials of Boeing and Airbus commercial transport aircraft, Sonoma said.Sonoma shares jumped 70.28 to 11 in after-hours trading.Sanofi-Glaxo Agrees to Supply U.K. 60M Doses of Coronavirus Vaccine Sanofi SA NASDAQ: SNY and GlaxoSmithKline plc NYSE: GSK said they have reached an agreement, subject to final contract, with the U.K. government for the supply of up to 60 million doses of a COVID-19 vaccine.The companies expect a Phase 12 study to start in September, followed by a Phase 3 study by the end of 2020. The companies are also in talk with the European Commission, France and Italy and also other governments to ensure global access to the vaccine.Separately, Sanofi reported a 4.9 drop in first-half sales but business EPS grew 9.2. The company raised its full-year EPS growth forecast.Mercks Oncology Drug Gets Breakthrough Designation Merck Co., Inc. NYSE: MRK said the FDA has granted Breakthrough Therapy designation to the hypoxia-inducible factor-2 alpha inhibitor MK-6482, a novel investigational candidate in its oncology pipeline, for the treatment of patients with von Hippel-Lindau disease-associated renal cell carcinoma. The FDA also granted orphan drug designation to MK-6482 for VHL disease.Roches COVID-19 Treatment Candidate Flunks a Late-stage Study Roche Holdings AGs OTC: RHHBY Genetech unit said a Phase III COVACTA study of Actemra did not meet its primary endpoint of improved clinical status in hospitalized adult patients with severe COVID-19 associated pneumonia. Key secondary endpoints, which included the difference in patient mortality at week four, were not met, the company said.Pacira Reaches 3.5M Settlement Agreements With Respect to Its Non-opioid Pain Drug Pacira Biosciences Inc NASDAQ: PCRX announced settlement agreements that resolve all outstanding investigations and claims by the U.S. Department of Justice, the U.S. Department of Health and Human Services, various States Attorneys General, and a private plaintiff. The company, however, said, it expressly denies all allegations and contentions and has admitted no wrongdoing in connection with the settlement agreements.The five-year investigation related to the sale and marketing of Exparel, Paciras long-acting non-opioid local analgesic for postsurgical pain management. Under the various settlement agreements, Pacira will pay about 3.5 million.Earnings Masimo Corporation NASDAQ: MASI reported second-quarter revenues rose 31 to 301 million and non-GAAP net income climbed from 76 cents to 85 cents, while analysts estimated EPS of 81 cents. The company did not give guidance, citing COVID-19 uncertainties.View more earnings on IBBThe stock moved down 3.12 to 228 in after-hours trading.AtriCure Inc.s NASDAQ: ATRC second-quarter revenues fell 30.7 to 40.8 million, and net loss per share widened from 11 cents to 20 cents. Analysts estimated a loss of 57 cents per share.In after-hours trading, the stock was down 3.09 to 43.29.Amgen, Inc. NASDAQ: AMGN second-quarter revenues rose 6 to 6.2 billion and non-GAAP EPS increased 7 to 4.25, ahead of the 3.82 consensus estimate. The company maintained its full-year revenue guidance and upwardly revised its non-GAAP EPS guidance.The stock moved down 1.48 to 251.50 in after-hours trading.Offerings Arcturus Therapeutics Holdings Inc NASDAQ: ARCT priced its underwritten public offering of 3.264 million shares of its common stock at 53 per share, for raising gross proceeds of about 173 million. The company said it intends to use the net proceeds of the offering to develop, test and manufacture the Companys LUNAR-COV19 vaccine candidate, among other things.The stock slid 5.40 to 52.60 in after-hours trading.Sunesis Pharmaceuticals, Inc. NASDAQ: SNSS said it intends to offer shares of its common stock in an underwritten public offering. The net proceeds would be used to fund ongoing development of PDK1 inhibitor SNS-510 and general corporate purposes, it added.In after-hours trading, the stock was down 11.57 to 35 cents.ESSA Pharma Inc NASDAQ: EPIX said it has priced an underwritten public offering of 7.1 million shares at 6 per share, for generating net proceeds of 39 million. The net proceeds would be used for pre-clinical and clinical activities, chemistry, manufacturing and controls, RD, as well as working capital and general corporate purposes, the company added.On The Radar Clinical Readouts AC Immune SA NASDAQ: ACIU is due to present at the AAIC key data on its alpha-synuclein-positron emission tomography tracer program along with a second oral presentation of the Phase 1b trial of the anti-Abeta vaccine ACI-24 in Down syndrome.Earnings Boston Scientific Corporation NYSE: BSX before the market open Alkermes Plc NASDAQ: ALKS before the market open United Therapeutics Corporation NASDAQ: UTHR before the market open Hologic, Inc. NASDAQ: HOLX after the close Alimera Sciences Inc NASDAQ: ALIM after the close Merit Medical Systems, Inc. NASDAQ: MMSI after the close Taro Pharmaceutical Industries Ltd. NYSE: TARO after the close Viking Therapeutics Inc NASDAQ: VKTX after the closeSee more from Benzinga The Daily Biotech Pulse: Spectrums Positive Dementia Readout, Pfizer, BioNTech Start Late-Stage Coronavirus Trial, resTORbio Receives COVID-19 Funding The Week Ahead In Biotech: Spotlight On GW Pharma, Ultragenyx FDA Decisions, Pfizer Earnings The Daily Biotech Pulse: Mixed Tidings From Novavax, Radius Health Out-licenses Breast Cancer Drug, 3 IPOsC 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 