Welcome to our dedicated page for Biogen news (Ticker: BIIB), a resource for investors and traders seeking the latest updates and insights on Biogen stock.
Biogen Inc. (Nasdaq: BIIB) is a pioneering biotechnology company founded in 1978, dedicated to discovering, developing, and delivering innovative therapies for people living with serious neurological and neurodegenerative diseases. With a robust portfolio of medicines, Biogen is a global leader in the treatment of multiple sclerosis (MS) and has introduced the first and only approved treatment for spinal muscular atrophy (SMA). The company is also at the forefront of research for Alzheimer’s disease, Parkinson’s disease, and amyotrophic lateral sclerosis (ALS).
Headquartered in Cambridge, Massachusetts, Biogen operates worldwide with research facilities in Zug, Switzerland, and state-of-the-art manufacturing plants in North Carolina and Denmark. The company employs approximately 7,000 people globally, emphasizing a collaborative and inclusive work environment.
Biogen's significant achievements include the development of revolutionary MS treatments such as Avonex, Plegridy, Tysabri, Tecfidera, and Vumerity. The company also markets Spinraza for SMA and Leqembi for Alzheimer’s disease, in collaboration with partners like Ionis and Eisai respectively. Biogen continues to expand its pipeline with promising candidates currently in various stages of clinical trials.
Recent developments have seen Biogen and Eisai submit a Supplemental Biologics License Application (sBLA) to the U.S. Food and Drug Administration (FDA) for monthly maintenance dosing of Leqembi, aimed at treating Alzheimer's disease in its early stages. Furthermore, Biogen published its 2023 Corporate Responsibility Report, highlighting its commitment to sustainable practices and social responsibility across four key pillars.
In addition to its core operations, Biogen collaborates with companies like Delta Flight Products to improve travel experiences for passengers with reduced mobility. This initiative reflects Biogen’s broader mission to enhance the quality of life for individuals facing debilitating conditions.
Biogen's financial health is robust, with strategic mergers and acquisitions like the recent purchase of Human Immunology Biosciences for $1.15 billion, aiming to bolster its immunology pipeline. The company’s comprehensive approach to business involves balancing bold scientific endeavors with prudent financial management to ensure long-term growth and shareholder value.
For more information about Biogen's latest news and updates, visit www.biogen.com.
Biogen and Stoke Therapeutics have entered into a collaboration to develop and commercialize zorevunersen for the treatment of Dravet syndrome, a severe genetic epilepsy. Biogen gains exclusive commercialization rights outside the US, Canada, and Mexico, while Stoke retains rights in these regions. The pivotal Phase 3 EMPEROR study is set to begin in Q2 2025, with results expected in 2H 2027.
Stoke will receive $165M upfront, share development costs, and could earn up to $385M in milestones and royalties. Zorevunersen targets the SCN1A gene, the main cause of Dravet syndrome, and has shown promising results in early trials, reducing seizure frequency and improving cognition and behavior. The drug has received FDA Breakthrough Therapy Designation and will advance to a global Phase 3 study.
This collaboration enhances Biogen's rare disease pipeline and leverages its global commercialization expertise. Dravet syndrome affects up to 38,000 people in the US, UK, EU-4, and Japan, with no current disease-modifying therapies available. The partnership aims to meet significant unmet needs in this patient population.
Biogen and Stoke Therapeutics announced a collaboration for developing and commercializing zorevunersen, a potential first-in-class treatment for Dravet syndrome. Stoke retains rights in US, Canada, and Mexico, while Biogen receives rights for the rest of world.
The deal includes a $165 million upfront payment to Stoke, with potential for $385 million in additional milestones plus tiered royalties. The pivotal Phase 3 EMPEROR study is scheduled to begin in Q2 2025, with results expected in 2H 2027.
Zorevunersen, which targets the SCN1A gene, has received FDA Breakthrough Therapy Designation. Phase 1/2a and open-label extension studies showed substantial reductions in seizure frequency and improvements in cognition and behavior. The treatment addresses an estimated 38,000 patients across the U.S., UK, EU-4, and Japan.
Eisai and Biogen provided an update on the regulatory review of lecanemab for early Alzheimer's disease in the European Union. Following a positive CHMP opinion in November 2024, the European Commission has requested the CHMP to review new safety information that emerged after the initial opinion and evaluate if risk minimization measures are clearly worded.
The companies report that lecanemab's safety profile in clinical practice across the US, Japan, and other markets remains consistent with approved labels, with no new safety signals identified. They believe existing information can address the EC's requests, which will be discussed at the February 2025 CHMP meeting.
Eisai leads the global development and regulatory submissions for lecanemab, with both companies co-commercializing and co-promoting the product. Eisai maintains final decision-making authority.
Sage Therapeutics (NASDAQ: SAGE) has announced that its Board of Directors has initiated a process to explore strategic alternatives, including potential strategic transactions, business combinations, or sale. The Board has unanimously rejected an unsolicited, nonbinding proposal from Biogen (NASDAQ: BIIB) to acquire all outstanding shares not already owned by Biogen for $7.22 per share, received on January 10, 2025.
The Board concluded that Biogen's proposal significantly undervalues Sage and is not in shareholders' best interests. While conducting the strategic review, Sage remains focused on establishing ZURZUVAE as the standard of care for women with postpartum depression (PPD). The company has not set a timetable for the review process and has not made any decisions regarding potential strategic alternatives.
Biogen (BIIB) and Eisai announced FDA approval for LEQEMBI's intravenous maintenance dosing schedule change from every two weeks to every four weeks for early Alzheimer's disease treatment. After 18 months of bi-weekly initiation phase, patients can transition to the four-week maintenance schedule or continue bi-weekly treatment.
The approval is supported by modeling data from Phase 2 and Clarity AD studies, predicting maintained clinical benefits with the new dosing regimen. LEQEMBI works by clearing both protofibrils and plaque, with data showing that treatment discontinuation leads to biomarker reaccumulation and clinical decline reversion.
The treatment demonstrated significant clinical benefits, reducing cognitive decline on the CDR-SB scale by -0.95 over three years compared to a matched natural history cohort. LEQEMBI is currently approved in multiple countries, including the US, Japan, and China, with pending applications in 17 other regions.
Biogen (BIIB) announced that both the FDA and EMA have accepted applications for a higher dose regimen of nusinersen for treating spinal muscular atrophy (SMA). The new proposed regimen includes a faster loading schedule with two 50 mg doses given 14 days apart, followed by 28 mg maintenance doses every 4 months. This is an increase from the currently approved SPINRAZA® dosing of 12 mg, which is available in over 71 countries.
The applications are supported by data from the DEVOTE study, which demonstrated potential benefits of the higher dose regimen while maintaining a safety profile consistent with the current 12 mg dosing. The development represents Biogen's ongoing commitment to advancing treatment options for SMA patients.
Eisai and Biogen announced that the FDA has accepted their Biologics License Application (BLA) for LEQEMBI subcutaneous autoinjector for weekly maintenance dosing in early Alzheimer's disease treatment. The PDUFA action date is set for August 31, 2025.
If approved, LEQEMBI will be the only Alzheimer's treatment offering subcutaneous administration at home via autoinjector, with injections taking approximately 15 seconds. The treatment would require completion of an initial biweekly intravenous phase before transitioning to weekly subcutaneous maintenance doses.
LEQEMBI is currently approved in multiple countries including the US, Japan, China, and received a positive CHMP opinion in Europe. The FDA is also reviewing a separate application for monthly IV maintenance dosing with a PDUFA date of January 25, 2025.
Sage Therapeutics (SAGE) has received an unsolicited, nonbinding acquisition proposal from Biogen (BIIB) to purchase all outstanding shares not already owned by Biogen at $7.22 per share. The Sage Board of Directors, along with independent financial and legal advisors, will review and evaluate the proposal to determine the best course of action for the company and its shareholders. The company emphasized that there is no guarantee of a transaction resulting from this proposal, and shareholders are not required to take any action at this time.
Cardurion Pharmaceuticals has appointed Charlotte (Charlie) Newman as Chief Business Officer. With over 25 years of industry experience, Newman joins from Agios Pharmaceuticals (NASDAQ: AGIO) where she served as CBO leading corporate strategy and business development. Previously, she held strategic roles at Biogen (NASDAQ: BIIB).
In her new role, Newman will lead corporate development, business development, portfolio strategy, and new product planning for Cardurion's cardiovascular drug candidates. At Agios, she was instrumental in portfolio management and focusing on first and best-in-class therapeutics in non-malignant hematology. Her previous experience includes executive positions at Biogen, Provensis , and G.D. Searle and Company.
Eisai and Biogen announced that LEQEMBI® (lecanemab) has received approval from Mexico's COFEPRIS for the treatment of early Alzheimer's disease (AD). LEQEMBI is the first approved treatment demonstrated to reduce disease progression rate and slow cognitive decline by targeting soluble Aβ aggregates and reducing both Aβ protofibrils and plaques in the brain.
The approval is supported by the global Phase 3 Clarity AD study, which met its primary and key secondary endpoints with statistically significant results. Mexico has approximately 1.3 million people affected by AD, representing 60-70% of all dementia cases. LEQEMBI is already approved and marketed in several countries including the U.S., Japan, China, and others.
FAQ
What is the current stock price of Biogen (BIIB)?
What is the market cap of Biogen (BIIB)?
What does Biogen Inc. specialize in?
Where is Biogen headquartered?
What are some of Biogen's key products?
How many employees does Biogen have?
What recent acquisitions has Biogen made?
What are Biogen’s latest research initiatives?
How is Biogen improving travel for people with mobility issues?
What is Biogen’s approach to corporate responsibility?
What is Leqembi and what is its significance?
Where can I find more information about Biogen?
