AbbVie: Fundamental Disconnect [Seeking Alpha]
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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US:NASDAQ Investor Relations:
biogen.com/en_us/investors.html
Company Research
Source: Seeking Alpha
Summary AbbVie Synopsis The performance of AbbVie ( ABBV ) shares through 2018 can be characterized as lackluster. It has performed similar to the S&P 500 and is just above break-even at .8% return on the year. A lot of pessimism is built into the share price relating to two failed clinical tests by Rova T and Imbruvica. The stock market is beginning to question AbbVie’s pipeline of 20 drugs and its ability to supplement the massive growth in sales of its Humira drug line. Humira has been a massive success. It is an extremely profitable drug for AbbVie and it accounts for over 66% of its net revenue ($18.4 billion). The company secured a deal with Samsung Bioepis and partner Biogen (NASDAQ: BIIB ) to fend off generics until 2022. It has been developing immunotherapy cancer drugs and is reliant on research and development to internally develop a Humira replacement which will decrease its reliance and revenue concentration risk. Its second top-selling drug is called Imbru
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BIIB
News
- Biogen (BIIB) Q1 Earnings Beat, Stock Up on Alzheimer Drug Uptake [Yahoo! Finance]Yahoo! Finance
- Biogen (BIIB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Biogen Inc. (NASDAQ: BIIB) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $294.00 price target on the stock.MarketBeat
- Should You Be Confident in Biogen (BIIB)? [Yahoo! Finance]Yahoo! Finance
- What's in Store for Biogen (BIIB) This Earnings Season? [Yahoo! Finance]Yahoo! Finance
BIIB
Earnings
- 4/24/24 - Beat
BIIB
Sec Filings
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/12/24 - Form PRE
- BIIB's page on the SEC website