Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Biogen Inc    BIIB

BIOGEN INC (BIIB)

Delayed Quote. Delayed  - 08/29 10:00:00 pm
306.13 USD   -0.66%
08/09DJBIOGEN : Plans to Name Hemophilia Spinoff 'Bioverativ'
08/09 BIOGEN : Announces Bioverativ as Name of New Hemophilia-Focused Comp..
08/09DJBotox Maker Allergan's Revenue Climbs, but Loss More Than Doubles..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Biogen Idec Inc. : Biogen Sees Positive Results From First Year of MS Treatment Study

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/20/2013 | 01:06pm CEST
   By Saabira Chaudhuri 
 

Biogen Idec Inc. (BIIB) said it has seen positive results from the first year of a two-year late-stage study of its investigational candidate for a type of multiple sclerosis.

Biogen said results from its two-year pivotal Phase 3 "Advance" study of Plegridy, its investigational candidate for relapsing-remitting multiple sclerosis dosed once every two weeks or every four weeks, indicate that Plegridy significantly reduced multiple sclerosis disease activity, including relapses, disability progression and brain lesions, compared with placebo at one year.

"These full first-year results provide a more complete picture of Plegridy and its positive effects on the reduction of relapse, disability progression and lesion development," said Peter Calabresi, director at the Johns Hopkins Multiple Sclerosis Center. "These data suggest that, if approved, Plegridy may offer the benefit of a less frequent dosing schedule, which would be a meaningful advance for people living with multiple sclerosis."

Plegridy--also called peginterferon beta-1a--met the primary endpoint of reducing annualized relapse rate at one year by 36% compared with placebo. It also met its secondary endpoint, reducing the proportion of patients who relapsed by 39% compared with placebo. Additionally, it significantly reduced the number of gadolinium-enhancing lesions by 86% compared with placebo.

Biogen described Plegridy as a new molecular entity in which interferon beta-1a is pegylated to extend its half-life and prolong its exposure in the body, enabling study of a less-frequent dosing schedule. The investigational drug candidate is a member of the interferon class of treatments and, if approved, would be a new addition to this class, which often is used as a first-line treatment for multiple sclerosis.

The latest announcement comes after, in January, Biogen said data from a late-stage trial of Plegridy were positive. At the time, Biogen said the study's primary endpoint was met for both the two-week and four-week dose regimens. Results showed that Plegridy also met the secondary endpoints. It noted that with both dose regimens studied the risk-benefit profile of Plegridy appears to be favorable.

Also in January, Biogen reported its fourth-quarter earnings fell 2.7% as the biotechnology company's preparations to launch a new drug for multiple sclerosis increased expenses and masked revenue growth from its existing multiple sclerosis treatment.

Shares closed Tuesday at $175.61 and were inactive in recent premarket trading. The stock has risen 47% in the past 12 months.

Write to Saabira Chaudhuri at saabira.chaudhuri@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BIOGEN INC
08/09DJBIOGEN : Plans to Name Hemophilia Spinoff 'Bioverativ'
08/09 BIOGEN : Announces Bioverativ as Name of New Hemophilia-Focused Company
08/09DJBotox Maker Allergan's Revenue Climbs, but Loss More Than Doubles -- WSJ
08/08DJAllergan Revenue Increases, Though Loss Widens--Update
08/04 BIOGEN : Enigma Biomedical Group Inc Signs Research Agreement with Biogen and Me..
08/04 AMYRIS : Enters Partnership with Biogen to Develop Alternative Cell Lines Suppor..
08/02DJBiogen Draws Takeover Interest from Rival Drugmakers--2nd Update
08/02DJBiogen Draws Takeover Interest from Rival Drugmakers--2nd Update
08/02DJBiogen Draws Takeover Interest from Rival Drugmakers--Update
08/02DJBiogen Draws Takeover Interest from Rival Drugmakers
More news
Sector news : Specialty & Advanced Pharmaceuticals
08/29 Mylan to launch generic EpiPen at half the price of original
08/29DJMondelez Walks Away After Hershey Spurns Raised Bid
08/29DJROCHE : Receives US FDA Emergency Use Authorization for Zika Test -- Update
08/29DJROCHE : Receives US FDA Emergency Use Authorization for Zika Test
08/29DJSANOFI : Regeneron Announce Positive Trials for Cholesterol Drug
More sector news : Specialty & Advanced Pharmaceuticals
News from SeekingAlpha
08/29 BIOTECH FORUM DAILY DIGEST : Mylan Adjusts Course, Who Is Next Midcap Buyout Tar..
08/26 Biogen Holds On To Lingo, And Pivotal Data For Nanobiotix
08/26 Don't Fear The Fed - Cramer's Mad Money (8/25/16)
08/25 Siponimod Rides To Novartis' Rescue
08/24 Candidate Clinton's harsh comments on high price of Mylan's EpiPen sends biot..
Advertisement
Financials ($)
Sales 2016 11 474 M
EBIT 2016 5 915 M
Net income 2016 4 015 M
Finance 2016 1 436 M
Yield 2016 -
P/E ratio 2016 16,87
P/E ratio 2017 15,65
EV / Sales 2016 5,76x
EV / Sales 2017 5,60x
Capitalization 67 526 M
More Financials
Chart BIOGEN INC
Duration : Period :
Biogen Inc Technical Analysis Chart | BIIB | US09062X1037 | 4-Traders
Full-screen chart
Technical analysis trends BIOGEN INC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 340 $
Spread / Average Target 10%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
George A. Scangos Chief Executive Officer & Director
Stelios B. Papadopoulos Chairman
Alfred W. Sandrock Chief Medical Officer & Executive Vice President
Spyridon Artavanis-Tsakonas Chief Scientific Officer & Executive VP
Adriana Karaboutis Executive VP-Technology & Business Solutions
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BIOGEN INC0.59%67 526
ABBVIE INC9.06%105 220
MERCK KGAA8.23%13 807
KYOWA HAKKO KIRIN CO L..-24.99%8 104
MALLINCKRODT PLC0.39%8 070
JAZZ PHARMACEUTICALS P..-8.57%7 780
More Results