Biogen's Lupus Candidate Meets Key Goals in Phase III Study [Yahoo! Finance]
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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Source: Yahoo! Finance
Biogen Inc. BIIB, along with its Belgian partner UCB, announced positive topline data from the phase III PHOENYCS GO study, which evaluated the investigational drug candidate, dapirolizumab pegol, for the treatment of moderate-to-severe systemic lupus erythematosus (SLE). SLE is a chronic and debilitating autoimmune disease that can affect multiple organ systems. The study met the primary endpoint by demonstrating clinical improvement in moderate-to-severe SLE. Year to date, shares of Biogen have plunged 25% compared with the industry's 1.5% decline. Image Source: Zacks Investment Research BIIB's PHOENYCS GO Study Meets Key Goals The double-blind, placebo-controlled phase III PHOENYCS GO study evaluated dapirolizumab pegol as an add-on therapy to standard-of-care (SOC) versus placebo with SOC for treating SLE. Data from the study showed that dapirolizumab pegol, in combination with SOC, led to greater improvement in moderate-to-severe disease activity as assessed by the
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BIIB
News
- Biogen Inc. (NASDAQ: BIIB) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $285.00 price target on the stock.MarketBeat
- UCB and Biogen Announce Positive Topline Results From Phase 3 Study of Dapirolizumab Pegol in Systemic Lupus Erythematosus and are Initiating Second Phase 3 Study in 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- UCB and Biogen Announce Positive Topline Results From Phase 3 Study of Dapirolizumab Pegol in Systemic Lupus Erythematosus and are Initiating Second Phase 3 Study in 2024GlobeNewswire
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at Wedbush from $210.00 to $205.00. They now have a "neutral" rating on the stock.MarketBeat
- Biogen Inc. (NASDAQ: BIIB) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $292.00 price target on the stock.MarketBeat
BIIB
Earnings
- 8/2/24 - Beat
BIIB
Sec Filings
- 9/12/24 - Form 8-K
- 9/5/24 - Form 4
- 9/3/24 - Form 144
- BIIB's page on the SEC website