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Biogen Inc. - BIIB STOCK NEWS

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.

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Biogen and Eisai announced significant findings from ADUHELM's Phase 3 trials at the CTAD conference. Analysis of over 7,000 plasma samples revealed that ADUHELM notably lowered plasma p-tau181, a biomarker for tau tangles in Alzheimer's, in a dose- and time-dependent manner compared to placebo. The reduction in p-tau181 correlated with decreased amyloid beta plaque and less cognitive decline, supporting ADUHELM's efficacy. The EMERGE high-dose group showed a 13% decrease in p-tau181, while ENGAGE showed a 16% decrease. These results strengthen the case for ADUHELM as a treatment option in early Alzheimer's disease.

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Eisai and Biogen have announced the use of plasma-based biomarkers in their Phase 3 AHEAD 3-45 clinical trial for lecanemab, an investigational treatment for Alzheimer's disease. This innovative approach aims to improve screening efficiency by identifying cognitively unimpaired individuals eligible for PET imaging. Results from 659 participants indicate that the Aβ42/40 ratio accurately predicts PET eligibility (AUC of 0.87). The trial, which began in July 2020, is pivotal for early Alzheimer's research and was presented at the CTAD conference.

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Eisai Co., Ltd. and Biogen Inc. presented positive results from sensitivity analyses of lecanemab at the CTAD conference, demonstrating consistent efficacy for patients with early Alzheimer's disease (AD). Lecanemab outperformed placebo in several key assessments including the Alzheimer’s Disease Composite Score (ADCOMS). The Phase 2b trial achieved super-superiority in clinical change and identified an effective dosing strategy. The companies continue to advance lecanemab through ongoing studies, seeking regulatory approval under the FDA's accelerated pathway.

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Eisai and Biogen presented new findings on lecanemab, an investigational treatment for early Alzheimer's disease, at the CTAD conference on November 9-12, 2021. The results from the Phase 2b study and the open-label extension indicated significant reductions in brain amyloid levels within three months, with over 80% of participants achieving amyloid negative status by 12-18 months. The study suggests a potential disease-modifying effect of lecanemab, maintaining clinical benefits even after temporary treatment discontinuation. Additionally, lecanemab exhibited a favorable safety profile, with low incidence of ARIA-E.

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Biogen (BIIB) announced it will present new data on ADUHELM at the upcoming Clinical Trials on Alzheimer’s Disease (CTAD) conference from November 9-12, 2021. Highlighting the largest dataset in early Alzheimer’s research with over 3,000 patients, a late-breaking presentation will focus on ADUHELM's effect on plasma phosphorylated tau181 reduction, correlating with amyloid beta plaques and clinical decline. Additionally, data from the EMBARK trial will be discussed, examining the impact of stopping treatment on disease progression. The findings aim to advance understanding and treatment decisions in Alzheimer's disease.

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Sage Therapeutics and Biogen announced plans to submit a New Drug Application (NDA) for the investigational drug zuranolone aimed at treating Major Depressive Disorder (MDD) in the second half of 2022. Following successful discussions with the FDA, their filing will include data from key clinical studies. A subsequent NDA for Postpartum Depression (PPD) is anticipated in early 2023. Both companies aim to launch marketing for zuranolone upon FDA approval, presenting a potential solution for millions suffering from depression worldwide.

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Biogen (Nasdaq: BIIB) announced topline results from its Phase 3 VALOR study evaluating tofersen, an investigational drug for SOD1 amyotrophic lateral sclerosis (ALS). The study failed to meet its primary endpoint on the ALSFRS-R scale; however, signs of reduced disease progression were observed in secondary endpoints. Early initiation of tofersen was associated with improved clinical outcomes. In response to high unmet medical needs, Biogen plans to expand its early access program to offer tofersen to more SOD1-ALS patients. Results were presented at the ANA Annual Meeting on October 17, 2021.

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Biogen Inc. (NASDAQ: BIIB) announced the upcoming presentation of topline results from its pivotal Phase 3 VALOR study of tofersen (BIIB067) at the American Neurological Association (ANA) virtual meeting from October 17-19, 2021. The study focuses on the efficacy and safety of tofersen in patients with superoxide dismutase 1 (SOD1) amyotrophic lateral sclerosis (ALS). Tofersen aims to reduce SOD1 protein production by degrading SOD1 mRNA. The study's findings, presented by Dr. Timothy Miller, could significantly impact treatment strategies for SOD1-ALS.

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Biogen announced key findings from its multiple sclerosis therapies at the ECTRIMS virtual meeting on October 13-15, 2021. The Phase 3b NOVA study showed that every six-week dosing of TYSABRI (natalizumab) maintains efficacy similar to the four-week regimen, with 96.9% relapse-free patients at 72 weeks. A real-world analysis revealed lower relapse risk with TYSABRI compared to Ocrevus (ocrelizumab). Additionally, new data from the EVOLVE-MS-2 study confirmed favorable gastrointestinal tolerability for VUMERITY (diroximel fumarate) during dose titration, potentially enhancing treatment compliance.

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FAQ

What is the current stock price of Biogen (BIIB)?

The current stock price of Biogen (BIIB) is $159.99 as of November 15, 2024.

What is the market cap of Biogen (BIIB)?

The market cap of Biogen (BIIB) is approximately 23.5B.

What does Biogen Inc. specialize in?

Biogen focuses on discovering, developing, and delivering innovative therapies for neurological and neurodegenerative diseases.

Where is Biogen headquartered?

Biogen is headquartered in Cambridge, Massachusetts, with research operations in Zug, Switzerland.

What are some of Biogen's key products?

Key products include treatments for multiple sclerosis like Avonex, Tysabri, Tecfidera, and Vumerity, as well as Spinraza for spinal muscular atrophy and Leqembi for Alzheimer's disease.

How many employees does Biogen have?

Biogen employs approximately 7,000 people worldwide.

What recent acquisitions has Biogen made?

Biogen recently acquired Human Immunology Biosciences for $1.15 billion to expand its immunology pipeline.

What are Biogen’s latest research initiatives?

Biogen is researching treatments for Alzheimer’s, Parkinson’s, and ALS, with several drug candidates in phase 3 trials.

How is Biogen improving travel for people with mobility issues?

Biogen is collaborating with Delta Flight Products to develop solutions that enhance air travel for passengers with reduced mobility.

What is Biogen’s approach to corporate responsibility?

Biogen’s corporate responsibility strategy focuses on sustainable practices and social good, detailed in its 2023 Corporate Responsibility Report.

What is Leqembi and what is its significance?

Leqembi is a treatment for Alzheimer’s disease developed in collaboration with Eisai. It is currently under review by the FDA for monthly maintenance dosing.

Where can I find more information about Biogen?

More information is available on Biogen's official website at www.biogen.com.

Biogen Inc.

Nasdaq:BIIB

BIIB Rankings

BIIB Stock Data

23.46B
145.72M
0.15%
92.66%
2.11%
Drug Manufacturers - General
Biological Products, (no Disgnostic Substances)
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United States of America
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