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 (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.
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.
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.
Biogen (Nasdaq: BIIB) released findings from the MS PATHS study indicating that 100% of multiple sclerosis (MS) patients treated with natalizumab, interferons, or fumarates generated an antibody response after COVID-19 vaccination. However, only about 40% of those using anti-CD20 and S1P therapies showed similar responses. This analysis, based on data from 322 participants, highlights the varying impacts of MS disease-modifying therapies (DMTs) on vaccine efficacy. Biogen is presenting additional findings at the ECTRIMS virtual meeting from October 13-15, 2021.
Sage Therapeutics and Biogen announced promising data from their clinical programs for zuranolone, targeting major depressive disorder (MDD) and postpartum depression (PPD). Results from the Phase 3 WATERFALL Study showed significant reductions in depressive symptoms, with improvements observed as early as Day 3. Safety profiles were favorable, showing no common side effects linked to current antidepressants. A conference call is scheduled for October 4, 2021, to discuss findings presented at the ECNP Congress.
Eisai Co., Ltd. and Biogen have initiated a rolling submission of a Biologics License Application (BLA) for lecanemab (BAN2401) to the U.S. FDA, targeting early Alzheimer's disease. This application leverages data from a Phase 2b trial showing significant amyloid plaque reduction and decreased clinical decline. The submission is under the accelerated approval pathway, following a Breakthrough Therapy designation for lecanemab. The ongoing Phase 3 Clarity AD trial will serve as a confirmatory study once results are available.
Biogen (Nasdaq: BIIB) hosted a virtual Investor R&D Day to showcase its extensive neuroscience pipeline, featuring 33 clinical programs, with 12 in Phase 3. Key highlights include ADUHELM, the first Alzheimer’s therapy in 20 years, and lecanemab, a promising therapy in Phase 3 for early Alzheimer’s. Biogen is also advancing zuranolone for major depressive disorder, Tofersen for ALS, and therapies for stroke and lupus. The company emphasizes its innovative capabilities in neuroscience, aiming to transform treatment standards in high unmet need areas.
BYOOVIZ™ has made history as the first ophthalmology biosimilar approved by the FDA in the United States. This biosimilar, referencing LUCENTIS®, targets conditions like neovascular age-related macular degeneration and macular edema. Approximately 11 million individuals in the U.S. suffer from AMD, and BYOOVIZ™ aims to enhance patient access to affordable treatments. With over $100 billion in projected savings from biosimilars in the next five years, this approval marks a crucial advancement for retinal treatment options, reinforcing Biogen's commitment to improving healthcare accessibility.
Biogen (NASDAQ: BIIB) announced a positive opinion from the CHMP for VUMERITY, a next-generation oral fumarate for relapsing-remitting multiple sclerosis (RRMS). The Phase 3 EVOLVE-MS-2 study demonstrated low treatment discontinuation rates due to gastrointestinal tolerability, with VUMERITY at 1.6% compared to 6% for TECFIDERA. This new oral medication aims to support MS patients, especially during the COVID-19 pandemic. VUMERITY is already the top prescribed oral MS therapy in the U.S. and highlights Biogen's commitment to addressing treatment challenges in the MS community.
Biogen announced positive topline results from its Phase 2 CONVEY study of vixotrigine (BIIB074), a non-opioid investigational drug for small fiber neuropathy (SFN). The 200 mg twice daily dose met its primary endpoint, showing significant reduction in average daily pain compared to placebo. However, the 350 mg dose did not meet its primary endpoint but indicated improvement in patient-reported outcomes. Both doses were generally well tolerated. Biogen plans to analyze CONVEY data further and continue developing vixotrigine for chronic neuropathic pain, addressing a significant unmet medical need.
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