UPDATE 2-Japan's Fujifilm buys biologics unit from Biogen to boost healthcare business [Reuters]
Biogen Inc. (BIIB)
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Source: Reuters
Fujifilm to buy Biogen Danish subsidiary for about $890 million TOKYO (Reuters) - Japan’s Fujifilm Holdings Corp said on Tuesday it is buying a subsidiary of Biogen Inc for around $890 million to bolster its healthcare business. It said it expects the acquisition of Biogen Denmark Manufacturing ApS to be completed in August. The Denmark unit has a facility equipped with six 15,000 liter bioreactors that can manufacture cell culture-derived biologics. Biogen said it expects the site’s 800 staff to remain employed. Through the acquisition, Fujifilm aims to achieve its 100 billion yen ($897.91 million) revenue target in its contact development and manufacturing organization (CDMO) business by 2021, two years ahead of its original goal. Fujifilm last year said it would buy two biotechnology units from compatriot JXTG Holdings Inc for about $800 million. Reporting by Takashi Umekawa; Editing by Muralikumar Anantharaman and Christopher Cushing Our Standards: The Thomson Reuters Trust Princi
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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