Biotechnology

Biogen

Oppenheimer Raises Biogen Price Target to $300, Maintains Outperform Rating

TD Cowen Reaffirms Buy Rating on Biogen with $215 Price Target

Biogen Finalizes Acquisition Agreements with Apellis: Establishes SYFOVRE Milestone CVR and Secures $2 Billion Loan

Biogen Advances Alzheimer's Drug to Late Trials Despite Mid-Stage Failure, Shares Jump 6%

Biogen Announces Positive Phase 2 Results for Ionis Partner Drug Diranersen in Alzheimer's Disease

Biogen announces Alzheimer's drug fails to meet primary endpoint in mid-stage trial

Leqembi® Iqlik™ PDUFA date updated to August 24th

FDA Prioritizes Review of LEQEMBI® IQLIK™ Subcutaneous Injection for Early Alzheimer's Disease

Canaccord Genuity Analyst Maintains Buy Rating for Biogen

Biogen Reports Strong Q1 Earnings and Seeks to Acquire Apellis

Biogen released FY2026 Q1 earnings on April 29 Pre-Market (EST), actual revenue USD 2.478 B (forecast USD 2.248 B), actual EPS USD 2.15 (forecast USD 2.1916)

Biogen Reports Q1 Earnings Beat and Adjusts Lower Full-Year Guidance

Biogen Reports Q4 2024 Earnings: Yearly Revenue Down 2%, Forecasting Moderate Decline in 2025

Biogen to Release FY2026 Q1 Earnings on April 29 Pre-Market EST, Forecast Revenue USD 2.25 B, EPS USD 2.2166

Biogen Obtains Exclusive Rights to CD38 Antibody Felzartamab

Citi and Truist Cut Biogen's Target Price

Biogen plans to acquire Apellis

Biogen expects 2026 Q1 EPS at 0.19 USD with R&D expenses of 34 million USD

Biogen Gets FDA Approval for New High-Dose Spinraza for Spinal Muscular Atrophy

Canaccord Genuity Group Raises Biogen's Target Price to $245

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BioArctic reported a Q1 operating profit of SEK 210.8 million, down from SEK 1.08 billion a year prior. Net revenues fell to SEK 437.6 million from SEK 1.29 billion. Cash flow from operations turned negative at SEK 166 million, while cash and equivalents rose to SEK 2.03 billion. Leqembi sales surpassed EUR 500 million, triggering a EUR 20 million milestone. The FDA extended the review of Leqembi treatment by three months, with a new PDUFA date of Aug. 24, 2026.

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BioArctic Q1 operating profit drops to SEK 210.8 million; net revenues fall to SEK 437.6 million

Goldman Sachs analyst Salveen Richter has reiterated a Buy rating on Biogen, raising the price target from $238 to $250. This decision is driven by the strong performance of Leqembi, which exceeded revenue expectations in the recent quarter. Factors supporting this outlook include a favorable revenue forecast from Eisai, anticipated catalysts for broader use of biomarkers, and potential new formulations that could enhance treatment options.

- Goldman Sachs analyst Salveen Richter maintains a buy rating on Biogen and raises the target price to $250.00, reflecting confidence in Leqembi's strong performance.  
- Leqembi's recent earnings exceeded expectations and showed robust sales in the U.S., Japan, and China, reinforcing optimism in Alzheimer's treatment growth.  
- Factors supporting this positive outlook include Eisai's revenue forecast for Leqembi, potential approval of new treatments, and enhanced opportunities outside the U.S.

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Goldman’s Richter Reiterates Buy on Biogen as Leqembi Outperforms and Price Target Rises from $238 to $250

Oppenheimer has raised its price target for Biogen (NASDAQ:BIIB) from $275 to $300, maintaining an 'outperform' rating. This suggests a potential upside of 55.47% from the previous close. Other analysts have also adjusted their targets, with a consensus rating of 'Moderate Buy' and an average target of $215.62. Biogen's stock recently traded at $192.97, with a market cap of $28.49 billion and a P/E ratio of 20.67.

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Biogen (NASDAQ:BIIB) Stock Price Expected to Rise, Oppenheimer Analyst Says

Evercore has initiated coverage on Biogen (NASDAQ:BIIB), assigning an 'outperform' rating. Other analysts have also raised their price targets, with Mizuho increasing it to $236.00. Biogen's stock rose 1.1% to $193.41, with a market cap of $28.56 billion. The company reported strong quarterly earnings, exceeding estimates, and has set FY 2026 guidance at 14.250-15.250 EPS. Institutional investors hold 87.93% of the stock.

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Biogen (NASDAQ:BIIB) Now Covered by Evercore

Biogen's shares surged 10% after the company announced progress with its Alzheimer's drug diranersen, despite a mid-stage study not meeting its primary goal. The drug targets tau, a protein linked to Alzheimer's, and showed potential benefits in slowing disease progression. Biogen's head of development highlighted a promising combination of tau reduction and cognitive benefits. This development may reignite interest in tau-targeting treatments, contrasting with current therapies focused on amyloid. Biogen's stock has risen 16% this year, reflecting investor optimism following setbacks in other tau-focused studies.

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Biogen Shares Jump 10% After Advancing Alzheimer's Tau Drug

Biogen(BIIB.US)

BioArctic Q1 operating profit drops to SEK 210.8 million; net revenues fall to SEK 437.6 million

Goldman’s Richter Reiterates Buy on Biogen as Leqembi Outperforms and Price Target Rises from $238 to $250

Biogen (NASDAQ:BIIB) Stock Price Expected to Rise, Oppenheimer Analyst Says

Biogen (NASDAQ:BIIB) Now Covered by Evercore

Biogen Shares Jump 10% After Advancing Alzheimer's Tau Drug