Biogen Inc. (BIIB)

NASDAQ: BIIB · Real-Time Price · USD
146.47
-0.92 (-0.62%)
At close: Dec 20, 2024, 4:00 PM
147.65
+1.18 (0.81%)
After-hours: Dec 20, 2024, 6:13 PM EST
-0.62%
Market Cap 21.34B
Revenue (ttm) 9.61B
Net Income (ttm) 1.62B
Shares Out 145.72M
EPS (ttm) 11.06
PE Ratio 13.24
Forward PE 9.30
Dividend n/a
Ex-Dividend Date n/a
Volume 5,424,847
Open 145.64
Previous Close 147.39
Day's Range 145.07 - 147.85
52-Week Range 145.07 - 268.30
Beta -0.08
Analysts Buy
Price Target 248.00 (+69.32%)
Earnings Date Feb 11, 2025

About BIIB

Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; ADUHELM to treat Alzheimer's disease; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab bio... [Read more]

Sector Healthcare
IPO Date Sep 16, 1991
Employees 7,570
Stock Exchange NASDAQ
Ticker Symbol BIIB
Full Company Profile

Financial Performance

In 2023, Biogen's revenue was $9.84 billion, a decrease of -3.32% compared to the previous year's $10.17 billion. Earnings were $1.16 billion, a decrease of -61.89%.

Financial Statements

Analyst Forecast

According to 26 analysts, the average rating for BIIB stock is "Buy." The 12-month stock price forecast is $248.0, which is an increase of 69.32% from the latest price.

Price Target
$248.0
(69.32% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Private Medicare plans must cover Biogen's ALS drug, US agency says

The Centers for Medicare & Medicaid Services has directed private insurers providing Medicare Advantage plans to cover Biogen's amyotrophic lateral sclerosis drug Qalsody after finding instances of co...

9 days ago - Reuters

Biogen Downgraded On Pipeline Setbacks And Leqembi Sales Slowdown

Jefferies downgraded Biogen Inc BIIB, citing the company's tough setup.

12 days ago - Benzinga

GeneDx to Expand Access to Exome Testing for Pediatric Epilepsy Patients with New Partners

STAMFORD, Conn.--(BUSINESS WIRE)--GeneDx today announced Biogen, Praxis Precision Medicines and Stoke Therapeutics as the founding partners to its Patient Access Program for epilepsy.

Other symbols: PRAXSTOKWGS
16 days ago - Business Wire

Biogen Inc. (BIIB) Presents at 7th Annual Evercore ISI HealthCONx Healthcare Conference Call Transcript

Biogen Inc. (NASDAQ:BIIB) 7th Annual Evercore ISI HealthCONx Healthcare Conference Call December 3, 2024 9:10 AM ET Company Participants Alisha Alaimo - President and Head of North America Michael Mc...

18 days ago - Seeking Alpha

Biogen expects steady growth for Alzheimer's drug Leqembi in near term

Biogen expects growth of its keenly watched Alzheimer's disease drug, Leqembi, to see a "linear trend" in the United States in the near term, a company executive said at a healthcare conference on Tue...

18 days ago - Reuters

Biogen Gains Momentum With Positive Lupus Drug Results, Analyst Sees Modest Valuation Upside

On Tuesday, UCB SA UCBJY UCBJF and Biogen Inc. BIIB presented detailed results from the Phase 3 PHOENYCS GO study evaluating dapirolizumab pegol (DZP) for systemic lupus erythematosus.

4 weeks ago - Benzinga

Dapirolizumab Pegol Phase 3 Data Presented at the American College of Rheumatology Shows Significant Reduction in Systemic Lupus Erythematosus Disease Activity

BRUSSELS, Belgium and CAMBRIDGE, Mass., Nov. 19, 2024 (GLOBE NEWSWIRE) -- UCB (Euronext Brussels: UCB) and Biogen Inc. (NASDAQ: BIIB) today presented detailed results from the Phase 3 PHOENYCS GO stud...

4 weeks ago - GlobeNewsWire

Biogen's Outlook Dims As Analyst Projects Flat Revenue Until 2026

Needham downgraded Biogen Inc BIIB, citing limited catalysts for the company over the next year.

4 weeks ago - Benzinga

Samsung Bioepis and Biogen Receive European Commission (EC) Approval for Aflibercept Biosimilar, OPUVIZ™

INCHEON, South Korea and CAMBRIDGE, Mass., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Samsung Bioepis Co., Ltd. and Biogen Inc. (Nasdaq: BIIB) today announced that the European Commission (EC) has approved OPU...

4 weeks ago - GlobeNewsWire

5 Healthcare Stocks to Buy in a Beaten-Up Sector

It has been a shaky time for healthcare stocks, but that only presents a buying opportunity.

Other symbols: AMGNLLYPFEXLV
5 weeks ago - Barrons

Biogen's stock rises after E.U. regulator reverses negative view of Alzheimer's drug

Biogen's stock rose 1% Thursday, after Europe's pharmaceutical regulator issued a positive opinion on the Alzheimer's disease drug that the company developed with Japanese partner Eisai — reversing an...

5 weeks ago - Market Watch

EU drugs regulator recommends Alzheimer's drug from Eisai-Biogen

The European Union's drugs regulator on Thursday said it recommends approval of Eisai and Biogen's Leqembi in patients with early Alzheimer's disease, months after the agency first rejected the treatm...

5 weeks ago - Reuters

Biogen Q3 Earnings Review: Why I Remain Optimistic Despite Difficult Quarter

Biogen reported its Q3 earnings yesterday, October 30. Revenue of $2.5bn was reported and non-GAAP EPS of $4.08. Growth was generally flat or declining for many key assets, with the performance of AD ...

7 weeks ago - Seeking Alpha

Biogen Analysts Slash Their Forecasts After Q3 Results

Biogen Inc BIIB reported upbeat earnings for the third quarter on Wednesday.

7 weeks ago - Benzinga

Eisai Presents Data on Benefits of Long-Term Administration of Dual-Acting Lecanemab at the 17th Clinical Trials for Alzheimer's Disease (CTAD) Conference

-New testing method highlights link between protofibrils and biomarkers for neurodegeneration--Patient and caregiver perspectives on five-year treatment with lecanemab -- Utilization of blood biomarke...

7 weeks ago - GlobeNewsWire

Biogen Inc. (BIIB) Q3 2024 Earnings Call Transcript

Biogen Inc. (NASDAQ:BIIB) Q3 2024 Earnings Call Transcript October 30, 2024 8:30 AM ET Company Participants Stephen Amato - Senior Director of IR Chris Viehbacher - President and CEO Priya Singhal - ...

7 weeks ago - Seeking Alpha

Biogen's stock pops after earnings top estimates and company raises guidance

“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company's CEO said.

7 weeks ago - Market Watch

Biogen lifts annual profit forecast as cost cuts help

Biogen raised annual profit forecast and beat third-quarter profit expectations on Wednesday, as its cost-cutting measures helped make up for falling sales of its multiple sclerosis medicines.

7 weeks ago - Reuters

Biogen tops estimates, raises profit guidance as Alzheimer's drug Leqembi gains traction

Biogen reported third-quarter revenue and adjusted earnings that topped expectations. The company also raised its full-year profit guidance.

7 weeks ago - CNBC

Biogen and Neomorph Announce Multi-Target Research Collaboration to Discover and Develop Molecular Glue Degraders for Alzheimer's, Rare, and Immunological Diseases

CAMBRIDGE, Mass. and SAN DIEGO, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Biogen Inc. (Nasdaq: BIIB) and Neomorph Inc. announced a research collaboration to discover and develop molecular glue degrade...

7 weeks ago - GlobeNewsWire

Biogen appoints insider as CFO after Michael McDonnell to retire next year

Biogen said on Monday insider Robin Kramer would take over as its chief financial officer after Michael McDonnell plans to retire from the post in February 2025.

7 weeks ago - Reuters

Biogen Presents Positive Results from Phase 2 IGNAZ Study of Felzartamab in IgA Nephropathy at American Society of Nephrology (ASN) Kidney Week 2024

CAMBRIDGE, Mass., Oct. 26, 2024 (GLOBE NEWSWIRE) -- Biogen Inc. (Nasdaq: BIIB) – today presented complete results from the Phase 2 IGNAZ study evaluating felzartamab, an investigational anti-CD38 mono...

2 months ago - GlobeNewsWire

Biogen to Present New Data at the Clinical Trials on Alzheimer's Disease (CTAD) 2024 Annual Conference

CAMBRIDGE, Mass., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Biogen Inc. (Nasdaq: BIIB) announced upcoming data presentations and programming at the Clinical Trials on Alzheimer's Disease (CTAD) annual confere...

2 months ago - GlobeNewsWire

Biogen Announces Late Breaker and New Data Presentations at American Society of Nephrology (ASN) Kidney Week 2024

CAMBRIDGE, Mass., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Biogen Inc. (Nasdaq: BIIB) – announced the company will present a variety of new data from its felzartamab clinical development program at Kidney We...

2 months ago - GlobeNewsWire

These 3 Stocks Are Screaming Oversold: Seize the Opportunity

The stock market's impressive and resilient performance in 2024, with the SPDR S&P 500 ETF up over 21% YTD and trading at all-time highs, has led many investors to chase high-flying stocks at all-time...

Other symbols: MUREGN
2 months ago - Benzinga