Under the Radar: Kodiak Shares Surge as Eye Drug Matches Regeneron's -- WSJ
Dow Jones2026/09/28 17:35By Xavier Martinez
Shares of Kodiak Sciences surged more than 170% Monday-on pace for its largest one-day increase on record-after the company announced its eye drug matched Regeneron's blockbuster Eylea in a Phase 3 trial.
Palo Alto, Calif.-based Kodiak said that more than half of patients with wet age-related macular degeneration who took its experimental drug Zenkuda went six months between eye injections. whereas Eylea patients typically get a shot every two months. Kodiak said it plans to seek FDA approval for Zenkuda in the fourth quarter.
Citi analyst Geoff Meacham wrote in a note that Zenkuda is "emerging as a credible longer-term competitor" to Eylea HD, the higher-dose version of Regeneron's blockbuster medicine. He said investors will focus on how long patients can go between shots. Regeneron shares fell more than 4%.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
September 28, 2026 13:35 ET (17:35 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US to lend $4.2 billion to Vistra to boost nuclear power output, source says
Saudi Arabia and UAE plan to cooperate with Asia to strengthen oil reserves
According to Nikkei News, Saudi Arabia and the United Arab Emirates will help Asia build up its oil reserves. Despite being dependent on imports, the region has not maintained adequate supplies. Led by Japan, the Asian Zero Emission Community, comprising 11 countries, will hold a ministerial meeting in the Philippines this Thursday. Senior government officials from Saudi Arabia and the UAE will participate in special consultations and are expected to express their intention to cooperate on oil reserves. On October 11, the International Energy Forum will be held in Saudi Arabia. This forum serves as a ministerial-level dialogue between oil-producing and importing countries. Japan is expected to participate and share a cooperation framework with Asia. The outcomes of the Asian Zero Emission Community meeting will be compiled into a joint statement, which will serve as the basis for discussions between member states and Middle Eastern oil-producing countries on strengthening oil reserves. Bilateral talks will follow to finalize the details and scale of such efforts. It is expected that Saudi Arabia and the UAE will expand exports to target countries and prioritize supply in emergencies.
Saudi Arabia and the UAE plan to expand their crude oil reserves in Asia
Market dynamics indicate that Saudi Arabia and the United Arab Emirates plan to expand their crude oil reserves in Asia. This move reflects the continued optimism of these two major oil-producing countries regarding the potential demand in the Asian energy market, and it will further strengthen the stability of oil supply in the region, thereby contributing to the improvement of the regional energy security system.
Four attacks occurred in the Strait of Hormuz from October 1 to 4
The UK Maritime Trade Operations office announced on Sunday that four attacks occurred in the Strait of Hormuz between October 1 and 4. All incidents took place on the Omani side of the strait, with each vessel hit by unidentified projectiles. The Strait of Hormuz, as one of the world's most vital oil transit routes, handles nearly one-third of the world's seaborne crude oil trade. Attacks in this area often have a direct impact on the stability of international energy markets. So far, no party has claimed responsibility for these attacks, and the subsequent developments remain to be observed.
Crypto prices
More
