Biogen Went Up Despite Unclear Data, Caution Warranted [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
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Source: Seeking Alpha
Summary Biogen Inc. ( BIIB ) stock reversed its Year to Date performance as it shot up in the market in recent days. The stock reacted to the company’s announcement about its potential Alzheimer’s treatment. Biogen came out with positive news about its lead drug candidate BAN2401, an amyloid antibody, which was more or less completely written off by the market following its Phase II debacle nearly a year back, when it flunked a Bayesian analysis at 12 months. That write-off was indicated by shares of BIIB falling 4% in the day following the announcement. That study failed to meet its primary endpoint after BAN2401 failed to show an 80 percent or higher probability of achieving a Clinically Significant Difference based on the Bayesian analysis. The current 18-month analysis of that same 856-patient study, however, provided “compelling evidence to further support amyloid hypothesis as a therapeutic target for Alzheimer’s disease.” The market response to the news was ove
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BIIB
News
- Biogen Receives Positive CHMP Opinion for TOFIDENCE™ (tocilizumab), a Biosimilar Referencing ROACTEMRA® [Yahoo! Finance]Yahoo! Finance
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at Barclays PLC from $215.00 to $200.00. They now have an "equal weight" rating on the stock.MarketBeat
- Shareholders 30% loss in Biogen (NASDAQ:BIIB) partly attributable to the company's decline in earnings over past year [Yahoo! Finance]Yahoo! Finance
- Biogen Inc. (NASDAQ: BIIB) had its price target raised by analysts at Wedbush from $213.00 to $215.00. They now have a "neutral" rating on the stock.MarketBeat
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at HC Wainwright from $325.00 to $300.00. They now have a "buy" rating on the stock.MarketBeat
BIIB
Earnings
- 4/25/24 - 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