Biogen shares slip after Alzheimer's data fails to convince [Reuters]
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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Source: Reuters
Biogen shares slip after Alzheimer's data fails to convince | Reuters 3 Min Read (Reuters) - Biogen Inc and partner Eisai Co Ltd said on Thursday the highest dose of its experimental Alzheimer’s drug showed effectiveness in a new analysis, but investors remained skeptical about the reliability of the data. Biogen fell 2 percent to $294.71 in early trading. Results of the highly anticipated mid-stage trial, presented in July, showed that patients in the early stages of Alzheimer’s treated with the highest dose of the drug, BAN2401, experienced 30 percent less cognitive decline than those on a placebo. However, the results were muddied by concerns that the finding may have been skewed by a decision of European regulators to remove patients with an Alzheimer’s genetic mutation called APOE4 from the group that got the highest dose, potentially lowering the bar for success in the group. “I think that the data is promising and intriguing but continues to beg more questions that we don’t hav
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News
- What's in Store for Biogen (BIIB) This Earnings Season? [Yahoo! Finance]Yahoo! Finance
- Gear Up for Biogen (BIIB) Q1 Earnings: Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $290.00 to $270.00. They now have an "outperform" rating on the stock.MarketBeat
- Alzheimer's Therapeutics Market Size Expected to Surpass USD 8.18 Bn by 2032 [Yahoo! Finance]Yahoo! Finance
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at UBS Group AG from $250.00 to $214.00. They now have a "neutral" rating on the stock.MarketBeat
BIIB
Earnings
- 2/14/24 - Miss
BIIB
Sec Filings
- 4/12/24 - Form PRE
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- BIIB's page on the SEC website