Why Biogen Stock Rose 14.7% in February [The Motley Fool]
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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biogen.com/en_us/investors.html
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Source: The Motley Fool
Why Biogen Stock Rose 14.7% in February Investors cheer as Biogen wins a patent ruling involving its blockbuster multiple sclerosis drug. Shares of Biogen ( NASDAQ:BIIB ) rose 14.7% in February, according to data provided by S&P Global Market Intelligence , after the company won a patent ruling concerning its blockbuster multiple sclerosis drug. In a case brought by generic-drug maker Mylan ( NASDAQ:MYL ) , the U.S. Patent and Trademark Office's patent trial and appeal board ruled in Biogen's favor. That means Biogen's Tecfidera won't face competition until patent expiration in 2028 -- unless a Mylan appeal or other separate patent challenges result in a different decision. In the fourth quarter, Tecfidera accounted for 40% of Biogen's product revenues, so news upholding its patent, and therefore blocking generic competition, is positive. This gives Biogen time to ramp up sales of its new MS drug, Vumerity, in the coming quarters. A fumarate drug like Tecfidera, Vumerity offers the
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BIIB
News
- Biogen Inc. (NASDAQ: BIIB) had its price target lowered by analysts at Mizuho from $251.00 to $207.00. They now have an "outperform" rating on the stock.MarketBeat
- Biogen Gains Momentum With Positive Lupus Drug Results, Analyst Sees Modest Valuation Upside [Yahoo! Finance]Yahoo! Finance
- Dapirolizumab Pegol Phase 3 Data Presented at the American College of Rheumatology Shows Significant Reduction in Systemic Lupus Erythematosus Disease Activity [Yahoo! Finance]Yahoo! Finance
- Dapirolizumab Pegol Phase 3 Data Presented at the American College of Rheumatology Shows Significant Reduction in Systemic Lupus Erythematosus Disease ActivityGlobeNewswire
- Biogen Inc. (NASDAQ: BIIB) was downgraded by analysts at Needham & Company LLC to a "hold" rating. They now have a $270.00 price target on the stock.MarketBeat
BIIB
Earnings
- 10/31/24 - Beat
BIIB
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 4
- 11/4/24 - Form 4
- BIIB's page on the SEC website