How The FDA's Decision On Aducanumab May Affect The Value Of Biogen's Stock [Seeking Alpha]
EISAI CO S/ADR (ESALY)
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Source: Seeking Alpha
In November 2019, Biogen’s (BIIBI don’t think the field has ever seen data like this,' said Sandrock … Sandrock didn’t offer a prediction, but if the FDA rejects the drug now or asks Biogen to conduct another large clinical trial to collect additional data, it would mean ‘lots more people’ would get Alzheimer’s without a drug to help them (source of quoteBut Sandrock appears reluctant to release even subgroup analysis and probably with good reason as he likely knows this data would make FDA approval far more problematical(reluctanceBiogen is no paper tiger. It has plenty of human and financial resources (a net operating cash flow of over 7 billion dollars as of 2019). It is one of the foremost pharmaceutical companies studying neurological diseases and conditions. And most stock analysts consider the company to be undervalued. Yet none of this will matter if the FDA rejects Biogen’s application for aducanumab.A close analysis of the results presented by Biogen for aducanumab indicates
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