Company: Onyx Pharmaceuticals ( ONXX)

Drug/indication: Carfilzomib for multiple myeloma

Estimated timing: Third quarter

Recent stock performance: Down 28% and near its 52-week low.

Onyx acquired the next-generation proteasome inhibitor carfilzomib when the company bought the privately held drug developer Proteolix in October 2009. This "pivotal" phase IIb study enrolled 269 patients with multiple myeloma that continued to grow despite two or three prior therapies. If carfilzomib can shrink tumors in a significant portion of these patients, Onyx intends to seek accelerated approval with the FDA.

If you liked this article you might like

After Soaring to $150, Can Incyte Stir Up More Upside?

Biotech Buoyed by Deal Talk

The Next Target in Biotech Land

The Next Target in Biotech Land

Earnings Key to Next Week's Winners: Cramer's 'Mad Money' Recap (Friday 1/13/17)