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Biogen (BIIB) Company Overview

Profile

Full Name:

Biogen Inc.

Sector:

Healthcare

Country:

United States

IPO:

September 17, 1991

Description:

Biogen Inc. is a global biopharmaceutical company specializing in the discovery, development, and sale of innovative drugs for the treatment of serious neurological, neuroimmune, and neurodegenerative diseases: multiple sclerosis, Alzheimer's disease, dementia, movement disorders (including Parkinson's disease), neuromuscular disorders (including spinal muscular atrophy, amyotrophic lateral sclerosis). The company's activities are also focused on discovering and developing innovative treatments for hematological diseases, neurocognitive disorders, pain, ophthalmology, and rare genetic diseases. Biogen Inc. also manufactures and sells biological analogues of advanced biological drugs. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.

Key Details

Price

$142.35

Annual Revenue

$9.84 B(-3.32% YoY)

Annual EPS

$7.97(-61.81% YoY)

Beta

0.57

Events Calendar

Earnings

Next earnings date:

Feb 13, 2025

Recent quarterly earnings:

Oct 30, 2024

Recent annual earnings:

Feb 13, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

Jan 18, 2001

Analyst ratings

Recent major analysts updates

Jan 28, 25 Citigroup
Neutral
Jan 10, 25 Wells Fargo
Equal-Weight
Jan 8, 25 Truist Securities
Buy
Jan 2, 25 Piper Sandler
Neutral
Dec 20, 24 BMO Capital
Market Perform
Dec 9, 24 Jefferies
Hold
Nov 21, 24 Mizuho
Outperform
Nov 18, 24 Needham
Hold
Nov 15, 24 Wolfe Research
Peer Perform
Nov 15, 24 Baird
Outperform

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Why Are Analysts Bullish on Biogen Inc. (BIIB) Now?
Why Are Analysts Bullish on Biogen Inc. (BIIB) Now?
Why Are Analysts Bullish on Biogen Inc. (BIIB) Now?
BIIB
Insider MonkeyFebruary 2, 2025

We have put together a list of the 12 Best S&P 500 Stocks to Invest in Based on Analyst Recommendations. In this article, we will examine how Biogen Inc. (NASDAQ:BIIB) compares to other S&P 500 stocks. The year 2024 was significant for the overall market index, which saw an increase of 23.31%.

Update on Regulatory Review of Lecanemab for Early Alzheimer's Disease in the European Union
Update on Regulatory Review of Lecanemab for Early Alzheimer's Disease in the European Union
Update on Regulatory Review of Lecanemab for Early Alzheimer's Disease in the European Union
BIIB
globenewswire.comJanuary 31, 2025

On January 31, 2025, Eisai Co., Ltd. from Tokyo and Biogen Inc. from Cambridge, Massachusetts, shared an update regarding the regulatory review of their Marketing Authorization Application for lecanemab. This treatment is aimed at early Alzheimer's disease, specifically for mild cognitive impairment and mild Alzheimer's. The announcement highlights their progress in seeking approval in the European Union.

Will Biogen (BIIB) Beat Estimates Again in Its Next Earnings Report?
Will Biogen (BIIB) Beat Estimates Again in Its Next Earnings Report?
Will Biogen (BIIB) Beat Estimates Again in Its Next Earnings Report?
BIIB
zacks.comJanuary 29, 2025

Biogen (BIIB) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

BIIB Secures FDA Nod for Monthly Maintenance Dosing of Alzheimer's Drug
BIIB Secures FDA Nod for Monthly Maintenance Dosing of Alzheimer's Drug
BIIB Secures FDA Nod for Monthly Maintenance Dosing of Alzheimer's Drug
BIIB
zacks.comJanuary 27, 2025

The FDA approved Biogen's Leqembi after reviewing simulation data from several studies. These studies indicate that taking the medication every four weeks helps to extend the benefits of biomarkers.

FDA Approves LEQEMBI® (lecanemab-irmb) IV Maintenance Dosing for the Treatment of Early Alzheimer's Disease
FDA Approves LEQEMBI® (lecanemab-irmb) IV Maintenance Dosing for the Treatment of Early Alzheimer's Disease
FDA Approves LEQEMBI® (lecanemab-irmb) IV Maintenance Dosing for the Treatment of Early Alzheimer's Disease
BIIB
globenewswire.comJanuary 26, 2025

Giving maintenance doses every four weeks might be simpler for patients and their caregivers to keep up with Alzheimer's treatment. Even after clearing plaques, the disease continues to progress, but ongoing treatment with LEQEMBI can help slow this progression and extend the positive effects of the therapy. This information comes from Eisai Co., Ltd., based in Tokyo and Cambridge, Massachusetts.

FDA Approves LEQEMBI® (lecanemab-irmb) IV Maintenance Dosing for the Treatment of Early Alzheimer's Disease
FDA Approves LEQEMBI® (lecanemab-irmb) IV Maintenance Dosing for the Treatment of Early Alzheimer's Disease
FDA Approves LEQEMBI® (lecanemab-irmb) IV Maintenance Dosing for the Treatment of Early Alzheimer's Disease
BIIB
prnewswire.comJanuary 26, 2025

Giving maintenance doses every four weeks might make it simpler for patients and their caregivers to keep up with treatment. Even after clearing plaques, Alzheimer's disease continues to progress, but ongoing treatment with LEQEMBI can help slow this progression and extend the positive effects of the therapy. This information comes from Eisai Co., Ltd., based in Tokyo and Cambridge, on January 26, 2025.

FDA & EMA Accept Biogen's Filings for Higher Dose SMA Drug
FDA & EMA Accept Biogen's Filings for Higher Dose SMA Drug
FDA & EMA Accept Biogen's Filings for Higher Dose SMA Drug
BIIB
zacks.comJanuary 24, 2025

BIIB's regulatory documents are backed by recent data that indicate a higher dose of Spinraza enhances motor skills in infants with SMA.

FDA and EMA Accept Applications for Higher Dose Regimen of Nusinersen in SMA
FDA and EMA Accept Applications for Higher Dose Regimen of Nusinersen in SMA
FDA and EMA Accept Applications for Higher Dose Regimen of Nusinersen in SMA
BIIB
globenewswire.comJanuary 23, 2025

The applications rely on information from the DEVOTE study, which shows that a higher dose of nusinersen could improve the treatment for SMA. This research highlights the promising effects of this new dosage. Overall, the findings suggest a positive step forward in SMA therapy.

Biogen Inc. (BIIB) J.P. Morgan 43rd Annual Healthcare Conference (Transcript)
Biogen Inc. (BIIB) J.P. Morgan 43rd Annual Healthcare Conference (Transcript)
Biogen Inc. (BIIB) J.P. Morgan 43rd Annual Healthcare Conference (Transcript)
BIIB
seekingalpha.comJanuary 15, 2025

Biogen Inc. (BIIB) participated in the 43rd Annual Healthcare Conference organized by J.P. Morgan. Here is a transcript of their presentation.

Biogen CEO sees no burning need for more acquisitions
Biogen CEO sees no burning need for more acquisitions
Biogen CEO sees no burning need for more acquisitions
BIIB
reuters.comJanuary 14, 2025

The CEO of Biogen stated that they anticipate revenue from new product launches will surpass their current sales by 2028, and they do not see the necessity to pursue more business development agreements.

FAQ

  • What is the ticker symbol for Biogen?
  • Does Biogen pay dividends?
  • What sector is Biogen in?
  • What industry is Biogen in?
  • What country is Biogen based in?
  • When did Biogen go public?
  • Is Biogen in the S&P 500?
  • Is Biogen in the NASDAQ 100?
  • Is Biogen in the Dow Jones?
  • When was Biogen's last earnings report?
  • When does Biogen report earnings?
  • Should I buy Biogen stock now?

What is the ticker symbol for Biogen?

The ticker symbol for Biogen is NASDAQ:BIIB

Does Biogen pay dividends?

No, Biogen does not pay dividends

What sector is Biogen in?

Biogen is in the Healthcare sector

What industry is Biogen in?

Biogen is in the Drug Manufacturers - General industry

What country is Biogen based in?

Biogen is headquartered in United States

When did Biogen go public?

Biogen's initial public offering (IPO) was on September 17, 1991

Is Biogen in the S&P 500?

Yes, Biogen is included in the S&P 500 index

Is Biogen in the NASDAQ 100?

Yes, Biogen is included in the NASDAQ 100 index

Is Biogen in the Dow Jones?

No, Biogen is not included in the Dow Jones index

When was Biogen's last earnings report?

Biogen's most recent earnings report was on Oct 30, 2024

When does Biogen report earnings?

The next expected earnings date for Biogen is Feb 13, 2025

Should I buy Biogen stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions