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

Biogen to Cut Roughly 11% of Workforce

09:26am, Tuesday, 25'th Jul 2023
The biotech cited the launch of Alzheimer's drug Leqembi as part of its new focus.
Biogen reported second-quarter profits that fell 23% while revenue slid 5%, but the biotech's results still came in ahead of views.
Biogen, in its second-quarter earnings report, said the plan will result in $700 million in net operating expense savings by 2025.
Biogen Inc.'s stock BIIB, +0.09% rose 1.1% premarket Tuesday, after the company swept past earnings estimates for the second quarter and said it will shift resources to areas that offer the most value
Biogen Inc said on Tuesday it expects to slash about 1,000 jobs, or about 11% of its workforce, to save costs as the company ramps up the launch of a new Alzheimer's disease drug in efforts to return
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