Biopharma stocks ended higher for the week ending Aug. 6, as the sector latched on to the optimism that was evident in the broader markets. Earnings continued to flow in, triggering stock-specific moves, while clinical readouts also moved stocks during the week.
During Q1, HOOKIPA Pharma's (NASDAQ:HOOK) reported sales totaled $5.30 million. Despite a 26.18% in earnings, the company posted a loss of $19.17 million. HOOKIPA Pharma collected $5.16 million in revenue during Q4, but reported earnings showed a $15.19 million loss.