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 has revealed new data from its multiple sclerosis (MS) therapies at the American Academy of Neurology (AAN) 2022 Annual Meeting. Key findings include the efficacy and safety of TYSABRI (natalizumab) administered every six weeks, showing an 87% reduction in progressive multifocal leukoencephalopathy (PML) risk compared to the four-week regimen. Additionally, VUMERITY (diroximel fumarate) demonstrated high persistence at 82.3% and adherence rates of 90.8%. These results underscore Biogen's commitment to advancing MS treatment through clinical research and innovative digital health approaches.
Biogen has submitted the final study protocol for the confirmatory Phase 4 ENVISION trial of ADUHELM, aiming for an accelerated timeline of four years. Patient screening will commence in May 2022, targeting 1,500 participants with early Alzheimer's disease, especially from diverse backgrounds. The trial is a requirement following FDA's earlier accelerated approval of ADUHELM. Biogen plans to recruit at least 18% of participants from underrepresented communities and will implement strategies to address enrollment barriers.
Biogen and Ionis announced the discontinuation of the clinical program for BIIB078, an investigational antisense oligonucleotide for C9orf72-associated amyotrophic lateral sclerosis (ALS), after it failed to demonstrate clinical benefit in a Phase 1 trial. The study showed no consistent efficacy between the drug and placebo across dose cohorts, with higher doses trending toward a greater decline in secondary endpoints. Despite this setback, both companies remain committed to advancing ALS research and exploring other investigational therapies targeting the disease.
Biogen and Ionis Pharmaceuticals announced the Phase 1 study results of BIIB078, an investigational drug for C9orf72-associated ALS. The study, involving 106 participants, found that BIIB078 did not demonstrate any clinical benefit and failed to meet secondary efficacy endpoints. As a result, the clinical program for BIIB078 will be discontinued. Although well-tolerated, the study highlighted that the disease mechanism is more complex than initially hypothesized. Both companies remain committed to advancing ALS research and addressing this neurodegenerative disease.
Eisai and Biogen presented key findings on lecanemab, an investigational antibody for early Alzheimer's disease, at the 2022 AD/PD conference. The studies highlighted lecanemab's clinical efficacy, dosing regimens, and amyloid-related imaging abnormalities (ARIA) rates. Lecanemab demonstrated a rapid and thorough amyloid clearance, with 65% of participants amyloid negative at 12 months. The ongoing Phase 3 Clarity AD trial has 1,795 participants, expecting results in Fall 2022. The FDA granted Breakthrough Therapy designation for lecanemab in 2021.
Biogen announced that the Journal of Prevention of Alzheimer’s Disease published data from pivotal Phase 3 EMERGE and ENGAGE trials of ADUHELM (aducanumab-avwa) for early Alzheimer’s disease. The publication includes detailed results on primary, secondary, and tertiary endpoints, along with safety data. ADUHELM received accelerated FDA approval in June 2021 as the first treatment targeting Alzheimer's pathology, contingent on verification of clinical benefit. Biogen now holds sole authority over ADUHELM's development after partnering with Eisai.
Biogen (Nasdaq: BIIB) has announced positive findings from the long-term extension phase of its Phase 3 trials for ADUHELM (aducanumab-avwa), revealing significant reductions in Alzheimer's disease pathologies, specifically amyloid beta plaques and plasma p-tau181, after nearly 2.5 years of treatment. Patients showing reduced plasma p-tau181 experienced less clinical decline by 78 weeks. The incidence of ARIA-E side effects was noted at 35.2%, with higher rates in APOE ε4 carriers. These results were presented at the international AD/PD 2022 conference.
Biogen and Eisai have amended their collaboration on ADUHELM, transitioning to a global royalty model effective January 1, 2023. Eisai will receive a tiered royalty starting at 2%, peaking at 8% for sales exceeding $1 billion. Biogen gains sole decision-making rights. The partnership for lecanemab remains unchanged, with a 10-year supply agreement extended for commercial manufacturing by Biogen. The companies aim to enhance patient options and value from both therapies, marking a strategic shift in their collaboration.
Biogen (Nasdaq: BIIB) announced new data from its SMA research program, highlighting the first patient treated in the ASCEND study, which evaluates higher dose nusinersen for previously treated patients. The RESPOND study revealed nine infants with unmet needs after Zolgensma treatment, with no new safety concerns from SPINRAZA. Notable results from the NURTURE study showed that 92% of participants could walk independently, reinforcing the long-term benefits of early SPINRAZA treatment. These findings will be presented at the 2022 MDA Clinical & Scientific Conference.
Biogen (Nasdaq: BIIB) is set to present new research on Alzheimer’s disease and ADUHELM (aducanumab-avwa) at the International Conference on Alzheimer’s and Parkinson’s Diseases (AD/PD 2022) from March 15-20 in Barcelona, Spain. Key presentations will include a plenary lecture on March 16 discussing ADUHELM’s effects on amyloid beta plaques and cognitive decline, and several oral presentations on March 18 covering recent analyses from Phase 3 clinical trials. Archived presentations will be available on Biogen’s investor website.
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