Biogen said it was buying Reata Pharmaceuticals for $7.3 billion, expanding its rare disease treatment portfolio.
Michael Yee, Jefferies biotech analyst, joins 'Power Lunch' to discuss what Biogen's purchase of Reata means for the former, the biggest catalyst for Biogen stock, and more.
Biogen agreed to acquire Reata Pharmaceuticals for $7.3 billion, including debt, to expand its rare disease treatments. Michelle Davis reports on "Bloomberg Markets.
Biogen Inc (NASDAQ:BIIB) said it has agreed to acquire Reata Pharmaceuticals for about $7.3 billion in cash as it bulks up its neuromuscular and rare disease portfolio. Shares of Reata shot up 52% to
Biogen will buy Reata Pharmaceuticals and its Friedreich's ataxia drug in a $7.3 billion deal.
Biogen will acquire Reata for $172.50 a share in cash, expanding its portfolio of neuromuscular disease treatments.
Biogen said it would buy biotech firm Reata Pharmaceuticals for roughly $6.5 billion to expand its presence in the rare disease drugs market.
Biogen Inc. BIIB, -0.93% said Friday it has agreed to acquire Reata Pharmaceuticals Inc. RETA, +2.32% for $7.3 billion in cash. Reata “has made significant advancements developing therapeutics that
Biogen, facing declines in sales of older drugs, has a lot riding on its newly approved Alzheimer's disease treatment. The company recently announced moves to cut costs and favor investments in innova

Why Biogen Stock Got Sick Today

06:09pm, Tuesday, 25'th Jul 2023
The biotech delivered an estimates-beating second quarter. Sales and profitability were down on a year-over-year basis, though.
Biogen said on Tuesday it expects to eliminate roughly 1,000 positions in the U.S. to save money ahead of launching a new drug to treat Alzheimer's disease.
While the top- and bottom-line numbers for Biogen Inc. (BIIB) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compar
Second quarter layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.
Biogen Inc. (BIIB) came out with quarterly earnings of $4.02 per share, beating the Zacks Consensus Estimate of $3.77 per share. This compares to earnings of $5.25 per share a year ago.
Biogen (NASDAQ: BIIB ) layoffs are on the way as the company seeks further profits with its new Alzheimer's disease drug launch. This has the pharmaceutical company planning to lay off 1,000 employees
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