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, and TYSABRI for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; SKYCLARYS to treat Friedreich's Ataxia; QALSODY for treating amyotrophic lateral sclerosis; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE; BYOOVIZ, a ranibizumab biosimilar referencing LUCENTIS; and TOFIDENCE, a tocilizumab biosimilar referencing ACTEMRA. It offers RITUXAN to treat non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, two forms of ANCA-associated vasculitis, and pemphigus vulgaris; RITUXAN HYCELA for non-Hodgkin's lymphoma and CLL; GAZYVA to treat CLL and follicular lymphoma; OCREVUS for relapsing MS and primary progressive MS; LUNSUMIO to treat relapsed or refractory follicular lymphoma; glofitamab for non-Hodgkin's lymphoma; and other anti-CD20 therapies. In addition, the company is developing products for the treatment of MS, Alzheimer's disease and dementia, neuromuscular disorders, Parkinson's disease and movement disorders, neuropsychiatry, and biosimilars. Biogen Inc. has collaboration and license agreements with Merz Therapeutics; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; and Sage Therapeutics, Inc., as well as collaborations with Fujirebio to identify and develop biomarkers for tau pathology in the brain and Stoke Therapeutics, Inc. for the development and commercialization of zorevunersen, a disease modifying medicine for the treatment of Dravet syndrome. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.
Alzheimer's Frontie | Biogen's Leqembi shows promise in Alzheimer's treatment, facing both opportunities and challenges in market adoption and regulatory approvals |
Pipeline Pressures | Recent setbacks in Biogen's drug pipeline raise concerns, while upcoming trial results for key candidates could significantly impact future prospects |
Market Positioning | Explore Biogen's strategy to maintain leadership in neurology and rare diseases amid intensifying competition and evolving market dynamics |
Financial Outlook | Analyst price targets range from $156 to $294, reflecting mixed views on Biogen's growth potential despite attractive valuation metrics |
Metrics to compare | BIIB | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipBIIBPeersSector | |
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P/E Ratio | 12.5x | −4.3x | −0.5x | |
PEG Ratio | 0.31 | −0.15 | 0.00 | |
Price/Book | 1.2x | 2.0x | 2.6x | |
Price / LTM Sales | 2.1x | 27.2x | 3.0x | |
Upside (Analyst Target) | 37.5% | 87.1% | 56.3% | |
Fair Value Upside | Unlock | 2.7% | 10.0% | Unlock |