Biogen Inc. ($BIIB) Stock Forecast: Down 5.0% Today

What is Biogen Inc.?

Biogen Inc. (BIIB) is a biotechnology company specializing in neurological and neurodegenerative diseases. Today, the stock saw a notable decrease in market value.

Why is Biogen Inc. going down?

BIIB stock is down 5.0% on Apr 4, 2025 19:26

• BIIB's stock likely dropped due to the positive announcement of its experimental Alzheimer's drug receiving FDA's fast track designation, potentially heightening optimism for its future success.
• Eli Lilly's Alzheimer's drug received a negative assessment from the European Medicines Agency (EMA), indirectly benefitting Biogen by reducing competition in the Alzheimer's treatment sector.
• Investor sentiment appears to favor Biogen over Eli Lilly, given the challenges the latter faces in gaining regulatory approval for its Alzheimer's drug.
• The divergent paths of the two companies in Alzheimer's drug development may have influenced market outlook towards Biogen, contributing to the downward movement in its stock value today.

BIIB Price Chart

BIIB Technical Analysis

BIIB News

BIIB's Experimental Alzheimer's Drug Gets FDA Fast Track Tag

The FDA's fast track designation will facilitate rapid development and expedited review of Biogen's Alzheimer's disease candidate.

https://www.zacks.com/stock/news/2439952/biibs-experimental-alzheimers-drug-gets-fda-fast-track-tag

European Drug Regulator Gives Thumbs Down To Eli Lilly's Alzheimer's Drug, Analyst Says It Is Incremental Win For Biogen - Eli Lilly ( NYSE:LLY )

EMA's CHMP issued a negative opinion on Eli Lilly's donanemab for early Alzheimer's, prompting the company to seek a re-examination. William Blair sees the CHMP decision as unsurprising and notes a 25% historical reversal rate for European marketing application appeals.

https://www.benzinga.com/25/03/44544761/european-drug-regulator-gives-thumbs-down-to-eli-lillys-alzheimers-drug-analyst-says-it-is-incremental-win-for-bi

Trending Today

Fiverr International Ltd. ($FVRR) Stock Forecast: Up 5.0% Today

Sonos Inc. ($SONO) Stock Forecast: Up 5.2% Today

Meta Platforms, Inc. ($META) Stock Forecast: Up 6.2% Today

Pendle ($PENDLE) Crypto Forecast: Up 5.3% Today

Ondo ($ONDO) Crypto Forecast: Up 6.7% Today

Novavax Inc. ($NVAX) Stock Forecast: Down 16.7% Today

Foot Locker Inc. ($FL) Stock Forecast: Up 7.8% Today

AMC Entertainment Holdings Inc. Class A ($AMC) Stock Forecast: Up 6.5% Today

Chemours Company (The) ($CC) Stock Forecast: Up 6.7% Today

Capri Holdings Limited ($CPRI) Stock Forecast: Up 9.0% Today

Biogen Inc. Price History

07.02.2025 - BIIB Stock was up 5.2%

• BIIB stock exhibited a bullish trend despite worries about the pricing of Alzheimer's drugs from Biogen and Eli Lilly.
• Investor optimism towards the potential market demand for Biogen's treatments persists despite pricing concerns.
• The bullish movement reflects confidence in Biogen's capacity to address pricing challenges and advance pioneering therapies in neurology.

25.03.2024 - BIIB Stock was down 1.9%

• Biogen posted better-than-expected earnings in the first quarter, surpassing consensus on adjusted EPS but falling short on sales, especially in the multiple sclerosis segment.
• Despite the optimistic earnings results, slow uptake of Biogen's Alzheimer's drug, Leqembi, stemming from doubts among medical professionals, has sparked concerns about future revenue growth.
• Analysts have adjusted their projections for Biogen, upholding their outperform rating on the stock despite the recent revenue dip, reflecting a mixed sentiment within the market.
• The notable downward movement in Biogen's stock today may be attributed to investors paying more attention to the decline in revenue and the challenges in adopting its key drugs rather than the positive earnings surprise.

29.01.2024 - BIIB Stock was down 1.7%

• BIIB stock experienced a decline greater than the overall market, finishing at $221.74, reflecting a -0.98% drop from the previous day's closing price.
• The Multiple Sclerosis market is witnessing advancements in innovative treatments, potentially affecting BIIB's competitive edge in this sector.
• Ginkgo Bioworks' acquisition of Patch Biosciences to bolster genetic medicine capabilities might have diverted attention from BIIB among investors.
• Ongoing legal investigations by Bragar Eagel & Squire, P.C. against Biogen Inc. could have contributed to the pessimistic sentiment surrounding the stock.

15.04.2024 - BIIB Stock was up 5.2%

• BIIB stock surged today due to the FDA granting fast-track designation for its Alzheimer's treatment developed in collaboration with Eisai.
• Eisai initiated the rolling submission of a Biologics License Application (BLA) for the Alzheimer's therapy to the FDA, contributing to the positive market sentiment towards BIIB.
• The advancements in BIIB's Alzheimer's treatment pipeline have increased investor confidence in the company's revenue prospects and competitive stance, resulting in a notable uptick in the stock's performance today.

31.04.2024 - BIIB Stock was up 5.3%

• BIIB stock rose following marketing authorization from the European Commission for Qalsody, a treatment for a rare genetic form of Amyotrophic Lateral Sclerosis (ALS).
• The approval of Qalsody contributed to increased investor confidence in Biogen's product pipeline and potential revenue growth.
• Despite a legal challenge in the form of a securities class action lawsuit, market sentiment was largely driven by the positive EU approval, leading to a bullish trend in BIIB stock.
• This approval highlights Biogen's dedication to addressing medical needs and expanding its range of therapies with innovative solutions.

26.06.2024 - BIIB Stock was down 8.2%

• The rejection of Biogen and Eisai's Alzheimer's drug, lecanemab, by the European Medicines Agency, citing concerns about its efficacy in early-stage Alzheimer's, led to a notable decrease in Biogen's stock value.
• The negative feedback from the Committee for Medicinal Products for Human Use (CHMP) highlighted the regulatory challenges faced by both companies, impacting investor trust in the drug's potential success.
• This rejection emphasizes the difficulties in creating effective Alzheimer's treatments and the necessity for strong clinical evidence to support approval, resulting in a pessimistic outlook on Biogen's stock.
• As attention shifts to Biogen's upcoming second-quarter earnings call, investors are eager to learn how the company plans to address this setback and navigate the regulatory environment for its Alzheimer's therapy.

26.06.2024 - BIIB Stock was down 7.3%

• The rejection of Biogen's Alzheimer's treatment, Leqembi, by the European drug regulator, citing concerns about its effectiveness and serious side effects, likely influenced the bearish market activity in BIIB stock.
• The unfavorable updates on the regulatory evaluation of Lecanemab for Early Alzheimer's Disease in the European Union may have exacerbated investor uncertainty and pushed down the stock price.
• The ongoing inquiry by Bragar Eagel & Squire, P.C. into potential claims against Biogen Inc. might have raised doubts about the company's future, affecting investor confidence and contributing to the bearish market trend.

26.06.2024 - BIIB Stock was down 8.1%

• The rejection of the Marketing Authorization Approval (MAA) for lecanemab by the Committee for Medicinal Products for Human Use (CHMP) in the European Union has significantly impacted Biogen Inc.'s stock performance.
• The negative opinion on lecanemab's effectiveness in treating early Alzheimer's disease has raised concerns among investors about the future prospects of the drug and its potential market success.
• The regulatory hurdles faced by Biogen Inc. and its partner have highlighted the uncertainties surrounding the approval and commercialization of innovative therapies in the healthcare sector.
• The market's reaction to the news reflects the sensitivity of biopharmaceutical stocks to regulatory decisions and underscores the importance of robust clinical data in gaining approval for novel treatments.

04.03.2025 - BIIB Stock was down 5.0%

• BIIB's stock likely dropped due to the positive announcement of its experimental Alzheimer's drug receiving FDA's fast track designation, potentially heightening optimism for its future success.
• Eli Lilly's Alzheimer's drug received a negative assessment from the European Medicines Agency (EMA), indirectly benefitting Biogen by reducing competition in the Alzheimer's treatment sector.
• Investor sentiment appears to favor Biogen over Eli Lilly, given the challenges the latter faces in gaining regulatory approval for its Alzheimer's drug.
• The divergent paths of the two companies in Alzheimer's drug development may have influenced market outlook towards Biogen, contributing to the downward movement in its stock value today.

13.01.2025 - BIIB Stock was up 5.3%

• Biogen reported better-than-expected earnings for its fourth quarter, with adjusted EPS beating consensus estimates.
• Despite the positive earnings report, Biogen's 2025 EPS guidance fell short of expectations, leading to some analyst downgrades.
• The market reacted positively to Biogen's cost-cutting measures and the potential of new drugs like Leqembi, which are expected to offset revenue declines from existing products.
• Overall, the bullish movement in Biogen's stock can be attributed to the company's strong financial performance in Q4, despite some concerns about future earnings guidance.

12.01.2025 - BIIB Stock was down 5.1%

• Despite surpassing earnings and revenue projections in Q4, BIIB experienced a bearish market movement, suggesting potentially elevated market anticipations.
• The projection of profits fell below expectations despite efforts such as cost reductions and the introduction of new medications like Leqembi, indicating possible investor dissatisfaction with the company's future prospects.
• An increase in optimistic positions on BIIB through options trading potentially heightened market volatility and profit-taking, contributing to the downward trend.
• The decrease in sales of multiple sclerosis treatments and Spinraza was balanced by revenues from new drugs, but this may not have met investor expectations, resulting in the bearish market movement.

12.01.2025 - BIIB Stock was down 8.1%

• Biogen exceeded expectations with cost reduction efforts and the launch of Leqembi, but a lower profit outlook caused a decline in the stock price.
• The FDA's approval of a maintenance dosing regimen for Leqembi in Alzheimer's was a positive development, while decreased sales of multiple sclerosis drugs and Spinraza likely impacted revenue.
• Investor optimism in the options market suggests confidence in the long-term potential of Biogen's new drugs, despite short-term profit concerns.
• The forthcoming Q4 earnings report will be essential in offering more insight into the company's financial performance and the effects of new drugs on revenue.