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Stock impact report

Biogen And Eisai: Let The Alzheimer's Arguing Commence [Seeking Alpha]

Biogen Inc. (BIIB) 
Last biogen inc. earnings: 4/22 07:12 am Check Earnings Report
US:NASDAQ Investor Relations: biogen.com/en_us/investors.html
Company Research Source: Seeking Alpha
Well, the tease is over: Biogen (NASDAQ: BIIB ) and Eisai ( OTCPK:ESALY ) ( OTCPK:ESALF ) have released data on their Alzheimer's antibody, BAN2401. And the situation is messy, as many had feared. The top-line results are mostly positive, but there are several confounding factors that make them a matter of argument (see below). The companies were scheduled to go public with the information at 4:30 EST on 25th July afternoon at a meeting in Chicago, and trading in Biogen shares was pretty lively during the day (of course, it had been pretty lively ever since the announcement a few weeks ago). In mid-morning, the shares suddenly leapt like a trout, ramping up steeply over the next hour or so, and then falling back just as rapidly. Some folks were moving an awful lot of a rather expensive stock on both sides of that trade, that's for sure. For the rest of the day, the stock generally moved up in anticipation of the results, closing at a three-year high. And that's how we Show less Read more
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