Why Biogen Stock Rose 14.7% in February [The Motley Fool]
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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biogen.com/en_us/investors.html
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Source: The Motley Fool
Why Biogen Stock Rose 14.7% in February Investors cheer as Biogen wins a patent ruling involving its blockbuster multiple sclerosis drug. Shares of Biogen ( NASDAQ:BIIB ) rose 14.7% in February, according to data provided by S&P Global Market Intelligence , after the company won a patent ruling concerning its blockbuster multiple sclerosis drug. In a case brought by generic-drug maker Mylan ( NASDAQ:MYL ) , the U.S. Patent and Trademark Office's patent trial and appeal board ruled in Biogen's favor. That means Biogen's Tecfidera won't face competition until patent expiration in 2028 -- unless a Mylan appeal or other separate patent challenges result in a different decision. In the fourth quarter, Tecfidera accounted for 40% of Biogen's product revenues, so news upholding its patent, and therefore blocking generic competition, is positive. This gives Biogen time to ramp up sales of its new MS drug, Vumerity, in the coming quarters. A fumarate drug like Tecfidera, Vumerity offers the
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BIIB
News
- Biogen Inc. (NASDAQ: BIIB) had its price target raised by analysts at HSBC Holdings plc from $339.00 to $342.00. They now have a "buy" rating on the stock.MarketBeat
- Biogen Reports Progress on Corporate Responsibility Priorities [Yahoo! Finance]Yahoo! Finance
- Biogen Reports Progress on Corporate Responsibility PrioritiesGlobeNewswire
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Biogen: Reasons To Be Cheerful After Upbeat Q1 Earnings [Seeking Alpha]Seeking Alpha
BIIB
Earnings
- 4/25/24 - Beat
BIIB
Sec Filings
- 5/3/24 - Form 4
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- BIIB's page on the SEC website