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UPDATE 4-Biogen/Eisai Alzheimer's drug cuts cognitive decline 30 pct -study [Reuters]

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: Reuters
Biogen/Eisai Alzheimer's drug cuts cognitive decline 30 percent: study | Reuters 5 Min Read CHICAGO (Reuters) - Biogen Inc and partner Eisai Co Ltd said patients with early-stage Alzheimer’s disease treated with their experimental drug BAN2401 experienced 30 percent less cognitive decline than those who got a placebo in a highly anticipated mid-stage trial. The second-highest dose of the drug also showed some benefit, but did not meet statistical significance, according to data presented on Wednesday at the Alzheimer’s Association International Conference in Chicago. Investors, who had bid up Biogen and Eisai shares earlier this month after the companies said the drug was effective at the highest dose, were selling off shares after presentation of the details. Biogen shares fell more than 11 percent in extended trading to $339. Eisai fell as much as 20 percent on Thursday morning and was among the most actively traded stocks in Tokyo. The shares had touched a record high of 11,490 yen Show less Read more
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