Biogen's latest drug launch could make it a lot of money through 2028. If it does, it'll reverse a long-running trend of weak growth.
The FDA gave full approval for Alzheimer's drug Leqembi in July. Despite the positive news, Biogen's stock didn't take off.
Biogen (BIIB) stock falls despite Leqembi getting the traditional nod for the treatment of Alzheimer's Disease.
Shares of Biogen Inc. BIIB, -3.48%, which last week received a milestone U.S. Food and Drug Administration approval for Alzheimer's treatment Leqembi, “remain an under-owned turnaround story,” and
Eisai saw its stock fall 4.67% on the news and Biogen was down 2.07%.
Stocks often react differently from the way you think they might. That happened on July 7 as shares of Biogen Inc. NASDAQ: BIIB swooned 2.88% in heavy trading volume following news of full regulatory
The FDA has granted full approval to Biogen and Eisai's anti-amyloid antibody drug Leqembi, but there is skepticism about its efficacy and safety. The approval led to a drop in Biogen's stock, in part
The FDA just approved Biogen's new Alzheimer's treatment Leqembi. This could become the company's next billion-dollar product -- and kickstart growth.
Patients with early Alzheimer's disease could still pay more than $5,000 in out-of-pocket costs for Leqembi even with Medicare coverage.
Job creation came in lower than expected, and investors are still worried about higher interest rates, sending the Dow lower by about 190 points.
Gina Sanchez, chief market strategist at Lido Advisors, joins ‘Power Lunch' to discuss her thoughts on three stocks: Meta, Biogen and Levi Strauss.
Biogen Inc (NASDAQ: BIIB) is trading down this morning even though the Food and Drug Administration awarded full approval to its Alzheimer's drug – Leqembi.
Analysts believe the Medicare registry requirement and new guidance on Leqembi's prescription label could potentially weigh on sales in the near term.
Biogen has said it doesn't expect to clear a profit on Alzheimer's treatment Leqembi, which was approved by the FDA Thursday, until late 2024.

Markets Mixed Midday as Job Growth Slows

12:25pm, Friday, 07'th Jul 2023
U.S. equities were mixed at midday on Friday, July 7, 2023 after the government's June jobs report showed job creation slowed.
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