Profile
Sector:
HealthcareIndustry:
Drug Manufacturers - GeneralCountry:
United StatesIPO:
17 September 1991Website:
http://www.biogen.comNext earnings report:
13 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 20 Nov 2024 00:59:11 GMTDividend
Analysts recommendations
Institutional Ownership
BIIB Latest News
On November 19, 2024, UCB and Biogen Inc. announced the results of the Phase 3 PHOENYCS GO study, which assessed dapirolizumab pegol (DZP), a new anti-CD40L drug. The study showed notable improvements in disease activity for individuals with moderate-to-severe systemic lupus erythematosus (SLE). These findings were presented at the ACR Convergence 2024, the annual meeting of the American College of Rheumatology, held in Washington, DC.
The CHMP has given a favorable recommendation for the approval of Leqembi, developed by BIIB and Eisai, to treat early Alzheimer's disease.
On Thursday, Biogen's stock increased by 1% after the European pharmaceutical regulator gave a favorable opinion on the Alzheimer's drug that Biogen created with its Japanese partner, Eisai. This decision changed from an earlier refusal to approve the drug.
Investors interested in Medical - Biomedical and Genetics stocks may have come across Biogen Inc. (BIIB) and Myriad Genetics (MYGN). The question is, which of these two stocks provides better value for investors at this moment?
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Biogen announced its third-quarter earnings on October 30. They reported a revenue of $2.5 billion and a non-GAAP earnings per share of $4.08. Many important products showed little to no growth, and the results for their Alzheimer's drug, Leqembi, were particularly disappointing.
BIIB's earnings and sales for the third quarter exceeded expectations. The company has increased its earnings per share forecast for 2024 by 35 cents.
The CEO mentioned that they are still experiencing growth with their new product launches and are becoming more enthusiastic about the possibilities in their development pipeline.
On Wednesday, Biogen increased its yearly profit predictions and exceeded profit expectations for the third quarter, thanks to its cost-cutting strategies that compensated for declining sales of its multiple sclerosis drugs.
Biogen Inc. (NASDAQ:BIIB) held its Q3 2024 earnings call on October 30, 2024, at 8:30 AM ET. The call featured key company figures, including Stephen Amato, Chris Viehbacher, Priya Singhal, Mike McDonnell, and Alisha Alaimo. Various analysts from firms like RBC Capital Markets, TD Cowen, and Goldman Sachs also participated in the discussion.
What type of business is Biogen?
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.
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 from?
Biogen is headquartered in United States
When did Biogen go public?
Biogen initial public offering (IPO) was on 17 September 1991
What is Biogen website?
https://www.biogen.com
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 the previous earnings report?
No data
When does Biogen earnings report?
The next expected earnings date for Biogen is 13 February 2025