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Ona lands $86.6M Series B, one of Spain’s biggest biotech financings

Spanish biotech Ona announced a $86.6 million Series B round, ranking among the largest venture financings in Spain’s life‑science sector this year. The round was led by Seventure Partners with participation from existing backers and new strategic investors. The funds will expand Ona’s AI‑driven drug discovery platform and accelerate its pre‑clinical pipeline.

FDA Approves Baxdrostat for Uncontrolled Hypertension in First-in-Class Entry
BlogMay 18, 2026

FDA Approves Baxdrostat for Uncontrolled Hypertension in First-in-Class Entry

The FDA has granted approval to Baxfendy (baxdrostat), AstraZeneca’s first aldosterone synthase inhibitor, for adults whose blood pressure remains uncontrolled despite existing therapies. The approval is based on the phase 3 BaxHTN trial, where a 2 mg dose lowered systolic pressure by...

By Pharmaceutical Executive (independent trade outlet)
Merck's ADC Sac-TMT Gets Its First Global Phase 3 Win Ahead of Schedule
NewsMay 18, 2026

Merck's ADC Sac-TMT Gets Its First Global Phase 3 Win Ahead of Schedule

Merck and China‑based Kelun‑Biotech announced that their experimental antibody‑drug conjugate sac‑TMT achieved its primary endpoint in a global Phase 3 trial, completing ahead of schedule. The study enrolled roughly 650 patients with advanced solid tumours across 12 countries and demonstrated a...

By Endpoints News
Sotatercept Reduced Morbidity in CTD-PAH Analysis: Rogerio Souza, MD, PhD
NewsMay 18, 2026

Sotatercept Reduced Morbidity in CTD-PAH Analysis: Rogerio Souza, MD, PhD

A pooled analysis of the phase‑3 STELLAR, ZENITH and HYPERION trials shows that sotatercept significantly lowers the risk of first major morbidity or mortality events in patients with connective tissue disease‑associated pulmonary arterial hypertension (CTD‑PAH). The benefit persisted despite most...

By AJMC (The American Journal of Managed Care)
FDA Approves Baxdrostat for Inadequately Controlled Hypertension
NewsMay 18, 2026

FDA Approves Baxdrostat for Inadequately Controlled Hypertension

AstraZeneca’s Baxdrostat (Baxfendy) received FDA approval as the first aldosterone synthase inhibitor for hypertension in the United States. The drug is indicated for patients whose blood pressure remains uncontrolled despite taking at least two other antihypertensive agents. Phase III trials (BaxHTN...

By TCTMD
CAR‑T Therapy Shows Promise for Autoimmune Diseases
SocialMay 18, 2026

CAR‑T Therapy Shows Promise for Autoimmune Diseases

CAR T therapy, originally developed to fight blood cancers, is now being tested as a potential way to “reset” the immune system in autoimmune diseases like MS, lupus, Graves’ disease and stiff person syndrome. Early results are promising, but risks remain,...

By Rich Tehrani
Once‑night Pill Proves Effective for Severe Sleep Apnea
SocialMay 18, 2026

Once‑night Pill Proves Effective for Severe Sleep Apnea

A once a night pill for severe obstructive sleep apnea effective in a Phase 3 randomized trial https://t.co/zq2Ew65WHK https://t.co/ovQEh7taeN https://t.co/N8vXzYincy

By Eric Topol
Novartis' Pluvicto Cuts PSA Progression Risk in Phase 3 Prostate Cancer Trial
NewsMay 18, 2026

Novartis' Pluvicto Cuts PSA Progression Risk in Phase 3 Prostate Cancer Trial

Novartis announced that its radioligand therapy Pluvicto, when added to standard of care, reduced the risk of prostate-specific antigen progression in the Phase III PSMAddition trial for PSMA‑positive metastatic hormone‑sensitive prostate cancer. The data were unveiled at the American Urological Association...

By Pulse
Nanobiotix's Phase‑2 Lung Cancer Trial Shows 85.7% Response Rate
NewsMay 18, 2026

Nanobiotix's Phase‑2 Lung Cancer Trial Shows 85.7% Response Rate

Nanobiotix S.A., with Johnson & Johnson as sponsor, presented Phase‑2 CONVERGE data showing an 85.7% overall response rate and 57.1% complete response in seven stage III inoperable NSCLC patients, suggesting the nanoparticle radioenhancer NBTXR3 could improve outcomes when combined with chemoradiotherapy...

By Pulse
Regeneron Shares Tumble 6% After Phase 3 Melanoma Trial Misses Statistical Significance
NewsMay 18, 2026

Regeneron Shares Tumble 6% After Phase 3 Melanoma Trial Misses Statistical Significance

Regeneron Pharmaceuticals reported that its Phase 3 trial of fianlimab plus cemiplimab did not achieve statistical significance for progression‑free survival versus pembrolizumab, prompting a 6.23% drop in the stock during after‑hours trading. The high‑dose arm showed a numeric 5.1‑month PFS...

By Pulse
How Advanced Analytics Partnerships Enhance the Biopharma Value Chain
NewsMay 18, 2026

How Advanced Analytics Partnerships Enhance the Biopharma Value Chain

Strategic biopharma alliances are increasingly embedding multimodal AI across the entire drug‑development pipeline. Partnerships leverage foundation models to sharpen biomarker discovery and patient selection for complex modalities such as antibody‑drug conjugates. Large‑scale genomic and clinical datasets enable virtual cell modeling...

By BioPharm International
Roche’s $1.05 B PathAI Deal Highlights Massachusetts AI Hub Momentum
NewsMay 18, 2026

Roche’s $1.05 B PathAI Deal Highlights Massachusetts AI Hub Momentum

Roche agreed to buy Boston‑based PathAI for $750 million upfront, with a potential $300 million earn‑out, a deal valued at up to $1.05 billion. The transaction, praised by coalition members including Whoop, signals deepening venture capital confidence in Massachusetts’ AI cluster.

By Pulse
FDA Approves Enhertu for Neoadjuvant and Adjuvant HER2‑Positive Early Breast Cancer
NewsMay 18, 2026

FDA Approves Enhertu for Neoadjuvant and Adjuvant HER2‑Positive Early Breast Cancer

The U.S. Food and Drug Administration has approved Enhertu (fam‑trastuzumab deruxtecan‑nxki) for two new HER2‑positive early‑breast‑cancer indications – neoadjuvant treatment of stage 2‑3 disease and adjuvant therapy for patients with residual invasive disease after standard therapy. The approvals rest on phase 3...

By Pulse
Module 4, Section 3: Selectivity and Site
BlogMay 18, 2026

Module 4, Section 3: Selectivity and Site

The fourth lecture in the Protein Structure & Target Pharmacology module examines how drug discovery teams achieve selectivity. It outlines strategies for designing ligands that discriminate across the entire proteome, within closely related protein families, and even between proteins that...

By Drug Hunter
New Antidepressants: Tackling Treatment Resistant Depression
NewsMay 18, 2026

New Antidepressants: Tackling Treatment Resistant Depression

New rapid‑acting antidepressants are reshaping treatment for the roughly one‑third of patients with treatment‑resistant depression who do not benefit from SSRIs or SNRIs. FDA‑approved agents such as esketamine and the newer oral combo Auvelity provide relief within minutes to weeks,...

By Labiotech.eu
Novartis Reveals More Data Behind Pluvicto Expansion Bid
NewsMay 18, 2026

Novartis Reveals More Data Behind Pluvicto Expansion Bid

Novartas reported new PSMAddition trial data showing that adding its radioligand therapy Pluvicto to standard hormonal treatment cuts PSA progression by 58% in hormone‑sensitive metastatic prostate cancer. Deep PSA reductions below 0.2 ng/mL were achieved by 87.4% of patients versus 74.9%...

By pharmaphorum
Amgen’s Rare Disease Drug Tavneos Tied to 20 Deaths in Japan
NewsMay 18, 2026

Amgen’s Rare Disease Drug Tavneos Tied to 20 Deaths in Japan

Amgen’s rare‑disease drug Tavneos has been linked to 20 deaths among roughly 8,500 Japanese patients, primarily due to vanishing bile duct syndrome, a severe form of drug‑induced liver injury. The Japanese distributor Kissei Pharmaceutical has warned doctors against initiating new...

By BioSpace
Regeneron Inks a ~$2.3B Deal with Parabilis Medicines to Advance Antibody-Helicon Conjugates Across Multiple Therapeutic Areas
NewsMay 18, 2026

Regeneron Inks a ~$2.3B Deal with Parabilis Medicines to Advance Antibody-Helicon Conjugates Across Multiple Therapeutic Areas

Regeneron has struck a strategic research collaboration with Parabilis Medicines to develop antibody‑Helicon conjugates (AHCs) across several therapeutic areas. The agreement provides Parabilis with $125 million, including $50 million upfront and a $75 million equity‑financing commitment, and makes it eligible for roughly $2.2 billion...

By PharmaShots
Sandoz Reports the EC Approval of Bysumlog and Dazparda (Biosimilars, Humalog and NovoRapid)
NewsMay 18, 2026

Sandoz Reports the EC Approval of Bysumlog and Dazparda (Biosimilars, Humalog and NovoRapid)

The European Commission has granted approval for Sandoz's biosimilar insulin pens Bysumlog (insulin lispro) and Dazparda (insulin aspart). Both products are authorized as prefilled pens for diabetes treatment in adults, children and patients as young as one year, demonstrating efficacy...

By PharmaShots
Regeneron Misses Again as Melanoma Combo Bows to Merck’s Keytruda in Phase 3
NewsMay 18, 2026

Regeneron Misses Again as Melanoma Combo Bows to Merck’s Keytruda in Phase 3

Regeneron reported that its investigational LAG‑3 antibody fianlimab, combined with the PD‑1 blocker Libtayo, failed to show statistically significant survival benefits versus Merck’s Keytruda in a Phase 3 first‑line melanoma trial. Median progression‑free survival was 11.5 months for the high‑dose combo...

By BioSpace
Magic Mushrooms Could Be Effective Treatment for Cocaine Addiction, Study Shows
NewsMay 18, 2026

Magic Mushrooms Could Be Effective Treatment for Cocaine Addiction, Study Shows

Researchers published a small clinical trial showing that a single dose of psilocybin increased the likelihood of abstaining from cocaine compared with a placebo. The study involved 19 participants receiving psilocybin and 17 receiving diphenhydramine, all of whom engaged in...

By The Guardian – Medical research
BIO Supports and Seeks Refinements to FDA’s Plausible Mechanism Framework
NewsMay 18, 2026

BIO Supports and Seeks Refinements to FDA’s Plausible Mechanism Framework

The FDA has issued draft guidance introducing a Plausible Mechanism Framework to evaluate safety and efficacy of individualized, disease‑targeted therapies when traditional trials are infeasible. The Biotechnology Innovation Organization (BIO) issued a supportive comment letter, praising the agency’s direction while...

By Bio.News
What Psychedelic Clinical Trials Could Teach Psychiatry
BlogMay 18, 2026

What Psychedelic Clinical Trials Could Teach Psychiatry

Treatment‑resistant depression (TRD) affects roughly one‑third of U.S. adults on antidepressants and remains a high‑need, low‑treatment area. Compass Pathways’ synthetic psilocybin, COMP360, recently achieved its primary endpoints in two Phase III trials—258 patients in COMP005 and 581 in COMP006—showing rapid, durable...

By Xtalks – Biotech Blogs
Supercharging Immune Cells May Help Control HIV Long-Term
NewsMay 18, 2026

Supercharging Immune Cells May Help Control HIV Long-Term

Scientists have repurposed CAR‑T cell therapy, originally used for cancer, to target HIV. In a small Phase 1 trial, two participants who received the engineered T cells remained off antiretroviral drugs with undetectable viral loads for nearly two years and one...

By WIRED
AstraZeneca Reports the US FDA Approval of Baxfendy (Baxdrostat) To Treat Hard-to-Control Hypertension
NewsMay 18, 2026

AstraZeneca Reports the US FDA Approval of Baxfendy (Baxdrostat) To Treat Hard-to-Control Hypertension

AstraZeneca’s Baxfendy (baxdrostat) received U.S. FDA approval for use with other antihypertensives in patients with uncontrolled or treatment‑resistant hypertension. The approval is based on the Phase III BaxHTN trial, which enrolled 796 participants and showed significant blood‑pressure reductions versus placebo. In...

By PharmaShots
Michigan Teen Gets FDA‑Approved Therapy to Delay Insulin Use in Type‑1 Diabetes
NewsMay 18, 2026

Michigan Teen Gets FDA‑Approved Therapy to Delay Insulin Use in Type‑1 Diabetes

Fourteen‑year‑old Grayson Visco of Hudsonville, Michigan, started a teplizumab infusion that can postpone the need for insulin by a median of 2.7 years. The therapy, sold as TZield, received broader FDA clearance in April to treat children as young as...

By Pulse
The Future of Radiopharma Is Being Built by Nuclear Geeks in SLC
NewsMay 18, 2026

The Future of Radiopharma Is Being Built by Nuclear Geeks in SLC

Nusco, a Salt Lake City physics firm, is building a 190,000‑sq‑ft radioisotope production facility featuring a novel ion‑source linear accelerator capable of producing up to 12 isotopes simultaneously. The plant, designed for 24/7 operation and earthquake resilience, aims to meet...

By BioSpace
Japan’s MHLW Approves Boehringer’s Jascayd for IPF and PPF
NewsMay 18, 2026

Japan’s MHLW Approves Boehringer’s Jascayd for IPF and PPF

Boehringer Ingelheim’s Jascayd (nerandomilast) has been approved by Japan’s Ministry of Health, Labour and Welfare for treating idiopathic pulmonary fibrosis (IPF) and progressive pulmonary fibrosis (PPF). It is the first phosphodiesterase 4B inhibitor with antifibrotic and immunomodulatory properties to receive such...

By Pharmaceutical Technology (GlobalData)
ABBV's BLA for Pivekimab Sunirine Remains Pending
SocialMay 18, 2026

ABBV's BLA for Pivekimab Sunirine Remains Pending

$ABBV announced BLA submission for pivekimab sunirine back in Sep 2025, but no news since on whether this was accepted/Pdufa date set.

By Jacob Plieth
FDA Greenlights Enhertu for Early HER2‑positive Breast Cancer
SocialMay 18, 2026

FDA Greenlights Enhertu for Early HER2‑positive Breast Cancer

#AZN Enhertu approved by US FDA both before and after surgery for treating patients with HER2-positive early breast cancer.

By WheelieDealer
Lotte Biologics Expands Antibody Manufacturing Agreement with Ottimo Pharma
NewsMay 18, 2026

Lotte Biologics Expands Antibody Manufacturing Agreement with Ottimo Pharma

Lotte Biologics announced on May 18, 2026 an expanded collaboration with South Korean biotech Ottimo Pharma to manufacture its PD‑1/VEGFR2 dual‑paratopic antibody, OTP‑01. The agreement builds on a June‑2025 deal and adds commercial process development support at Lotte’s Syracuse Bio Campus in...

By Vietnam Investment Review (VIR)
Genentech Reports FDA Approval of Tecentriq and Tecentriq Hybreza for Adjuvant Muscle-Invasive Bladder Cancer With ctDNA-Guided Treatment
NewsMay 18, 2026

Genentech Reports FDA Approval of Tecentriq and Tecentriq Hybreza for Adjuvant Muscle-Invasive Bladder Cancer With ctDNA-Guided Treatment

Genentech’s Tecentriq and Tecentriq Hybreza received FDA approval as adjuvant therapies for adults with muscle‑invasive bladder cancer (MIBC) who show circulating tumor DNA (ctDNA) minimal residual disease after cystectomy. The approval is linked to Natera’s Signatera CDx assay, which was...

By PharmaShots
AstraZeneca and Daiichi Sankyo’s Enhertu Receives US FDA Approval in Early Breast Cancer for Two Indications
NewsMay 18, 2026

AstraZeneca and Daiichi Sankyo’s Enhertu Receives US FDA Approval in Early Breast Cancer for Two Indications

The U.S. FDA approved AstraZeneca and Daiichi Sankyo’s antibody‑drug conjugate Enhertu (trastuzumab deruxtecan) for two early‑stage HER2‑positive breast‑cancer indications. In the neoadjuvant setting, Enhertu combined with trastuzumab‑pertuzumab (THP) earned approval after the DESTINY‑Breast11 trial showed a 67.3% pathologic complete response...

By PharmaShots
Can Revolution’s 'Miracle' Pancreatic Cancer Drug Be Topped? Immuneering, Actuate Say Yes
NewsMay 18, 2026

Can Revolution’s 'Miracle' Pancreatic Cancer Drug Be Topped? Immuneering, Actuate Say Yes

Revolution Medicines reported Phase 3 data showing its oral RAS inhibitor daraxonrasib more than doubled median overall survival for advanced pancreatic cancer to 13.2 months versus 6.7 months on chemotherapy. The results triggered a 40 % share surge and will support global regulatory filings,...

By BioSpace
4 Spaces Primed for the Next Wave of Gene Therapies
NewsMay 18, 2026

4 Spaces Primed for the Next Wave of Gene Therapies

The FDA’s recent approval of Regeneron’s Otarmeni for hereditary hearing loss marks the first non‑oncology gene‑therapy clearance, underscoring a shift toward treating central‑nervous‑system, ophthalmic, cardiovascular and muscular disorders. Companies such as Lexeo, Lilly/AskBio, uniQure, REGENXBIO/AbbVie, Tenaya, Medera and Sarepta are...

By BioSpace
This Startup Aims to Upend Biologic Drug Production With Implantable ‘Cell Factories’
NewsMay 18, 2026

This Startup Aims to Upend Biologic Drug Production With Implantable ‘Cell Factories’

Duracyte, a Rice‑University spin‑out, is developing an implantable "cell factory" that produces therapeutic proteins inside patients, eliminating the need for traditional biologic manufacturing and injection pens. The capsule‑sized device houses genetically engineered human cells, supplies them with nutrients from the...

By MedCity News
Isomorphic Labs Raises $2.1 B to Expand AI-Driven Drug Discovery Platform
NewsMay 18, 2026

Isomorphic Labs Raises $2.1 B to Expand AI-Driven Drug Discovery Platform

Isomorphic Labs announced a $2.1 billion financing round led by Thrive Capital, with participation from Alphabet, GV, CapitalG, MGX, Temasek and the UK Sovereign AI Fund. The capital will accelerate development of its IsoDDE AI drug design engine and aim to...

By Pulse
Nanoparticle Therapy Erases Alzheimer Plaques in Mice, Restores Cognition
NewsMay 18, 2026

Nanoparticle Therapy Erases Alzheimer Plaques in Mice, Restores Cognition

Researchers from the Institute for Bioengineering of Catalonia, West China Hospital Sichuan University and UK partners reported that a single‑dose nanotechnology therapy cut brain amyloid‑β by up to 60% within an hour and restored memory in Alzheimer‑model mice after three...

By Pulse
Denali Therapeutics Secures FDA Approval for AVLAYAH, First Gene Therapy for Hunter Syndrome
NewsMay 17, 2026

Denali Therapeutics Secures FDA Approval for AVLAYAH, First Gene Therapy for Hunter Syndrome

Denali Therapeutics announced that the FDA granted accelerated approval to AVLAYAH, the first gene‑therapy targeting the neurologic manifestations of Hunter syndrome. The company said early commercial activity is already exceeding its launch forecasts, signaling strong physician and payer interest in...

By Pulse
Ridglan Farms Agrees to Sell 1,500 Beagles, Sparking New Debate on Animal Testing in Pharma
NewsMay 17, 2026

Ridglan Farms Agrees to Sell 1,500 Beagles, Sparking New Debate on Animal Testing in Pharma

Ridglan Farms, a Wisconsin beagle breeder for scientific research, reached an agreement on April 30 to sell 1,500 dogs to rescue organizations, marking a rare victory for animal‑rights activists. The deal, brokered by Big Dog Rescue and the Center for...

By Pulse
Kailera Therapeutics IPO Priced at $16, Opens at $26 Targeting Obesity Market
NewsMay 17, 2026

Kailera Therapeutics IPO Priced at $16, Opens at $26 Targeting Obesity Market

Kailera Therapeutics priced its initial public offering at $16 per share and opened at $26 on April 17, raising capital to advance its GLP‑1 obesity drug pipeline. The move places the company directly against industry giants Eli Lilly and Novo Nordisk as...

By Pulse
FDA Authorizes Lenire® Device, Expanding Non‑Invasive Treatment for Chronic Tinnitus
NewsMay 17, 2026

FDA Authorizes Lenire® Device, Expanding Non‑Invasive Treatment for Chronic Tinnitus

The Tinnitus & Hearing Center of Arizona announced that Lenire®, a bimodal neuromodulation system, received FDA authorization as a non‑invasive treatment for chronic tinnitus. The device combines sound and tongue stimulation to retrain neural pathways, providing a drug‑free alternative for...

By Pulse
A Revolutionary Cancer Treatment Could Transform Autoimmune Disease
NewsMay 17, 2026

A Revolutionary Cancer Treatment Could Transform Autoimmune Disease

Researchers are expanding CAR T cell therapy, originally a cancer breakthrough, to treat autoimmune diseases such as multiple sclerosis, lupus, and stiff‑person syndrome. Early trials, including a 2025 Nebraska study and a 2025 Kyverna trial of 26 stiff‑person patients, report functional...

By Ars Technica – Science (incl. Energy/Climate)
Ipsen's Corabotase Shows 66% Improvement in Glabellar Lines and 82% Patient Satisfaction
NewsMay 17, 2026

Ipsen's Corabotase Shows 66% Improvement in Glabellar Lines and 82% Patient Satisfaction

Ipsen presented Phase II data for its recombinant neuroinhibitor corabotase at the Scale Symposium, reporting a 66% composite response at week 4 and a 60.8% sustained effect at week 24 in moderate‑to‑severe glabellar lines. Patient satisfaction reached 82.8%, positioning the drug as...

By Pulse
Regeneron’s Phase 3 Melanoma Trial Misses PFS Goal, Shows 5‑Month Numeric Gain
NewsMay 17, 2026

Regeneron’s Phase 3 Melanoma Trial Misses PFS Goal, Shows 5‑Month Numeric Gain

Regeneron Pharmaceuticals reported that its Phase 3 trial of fianlimab (LAG‑3 inhibitor) combined with cemiplimab (PD‑1 inhibitor) did not achieve statistical significance for progression‑free survival versus pembrolizumab, despite a 5.1‑month median PFS advantage. The data reshape expectations for LAG‑3‑targeted regimens...

By Pulse
Alteogen Wins PTAB Ruling, Halting Halozyme's Challenge to ALT‑B4 Manufacturing Patent
NewsMay 17, 2026

Alteogen Wins PTAB Ruling, Halting Halozyme's Challenge to ALT‑B4 Manufacturing Patent

Alteogen secured a victory at the U.S. Patent Trial and Appeal Board as Halozyme Therapeutics' petition to invalidate the company's ALT‑B4 manufacturing technology patent was denied. The PTAB found Halozyme's prior‑art arguments insufficient, keeping the core process for producing PH20...

By Pulse
Alumis Reports 68% PASI‑90 in Phase 3 Envudeucitinib Trial, Eyeing 2026 NDA
NewsMay 17, 2026

Alumis Reports 68% PASI‑90 in Phase 3 Envudeucitinib Trial, Eyeing 2026 NDA

Alumis Therapeutics said 68% of participants in its Phase 3 envudeucitinib trial reached PASI‑90 by week 24, outpacing the TYK2 benchmark set by Bristol Myers Squibb. The data, presented at the American Academy of Dermatology meeting, supports an NDA filing targeted...

By Pulse
FDA OKs Daiichi Sankyo/AstraZeneca’s Enhertu for Two HER2‑Positive Breast Cancer Indications
NewsMay 17, 2026

FDA OKs Daiichi Sankyo/AstraZeneca’s Enhertu for Two HER2‑Positive Breast Cancer Indications

The U.S. Food and Drug Administration granted approval for fam‑trastuzumab deruxtecan‑nxki, marketed as Enhertu, to treat two HER2‑positive breast cancer indications. The antibody‑drug conjugate, co‑developed by Daiichi Sankyo and AstraZeneca, now covers early‑stage and metastatic disease, widening its market reach.

By Pulse
Enveric Biosciences Posts $1.6M Q1 Loss, Raises $16.7M as EB-003 Enters Preclinical Trials
NewsMay 16, 2026

Enveric Biosciences Posts $1.6M Q1 Loss, Raises $16.7M as EB-003 Enters Preclinical Trials

Enveric Biosciences announced a $1.63 million net loss for Q1 2026 but bolstered its balance sheet with $16.7 million from a private offering and placement. The capital infusion supports the pre‑clinical advancement of EB-003, its lead non‑hallucinogenic neuroplastogen targeting neurological disorders.

By Pulse
Wedbush Sets $165 Target on Oruka Ahead of 2026 Psoriasis Data
NewsMay 16, 2026

Wedbush Sets $165 Target on Oruka Ahead of 2026 Psoriasis Data

Wedbush analyst Martin Fan reiterated an Outperform rating on Oruka, raising the 12‑month price target to $165 from $63.90. The upgrade hinges on expected psoriasis trial readouts in the second half of 2026, which could unlock a multi‑billion‑dollar market. Investors...

By Pulse