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It has strategic collaboration with ionis pharmaceuticals to develop drug candidates for neurological diseases the company was formerly known as biogen idec inc and changed its name to biogen inc in march 2015 biogen inc was founded in 1978 and is headquartered in cambridge, massachusetts.
Latest breaking news and headlines on biogen inc (biib) stock from seeking alpha read the news as it happens. Samsung bioepis and biogen announce pooled analysis results of anti-tnf biosimilars benepali™ (etanercept), flixabi™ (infliximab), and imraldi™ (adalimumab) at eular 2018. Tokyo and cambridge, mass, july 05, 2018 (globe newswire) -- eisai co, ltd (headquarters: tokyo, ceo: haruo naito, “eisai”) and biogen inc (nasdaq:biib) (headquarters: cambridge, massachusetts, united states, ceo: michel vounatsos, “biogen”) announced positive topline results from the phase ii study with ban2401, an anti-amyloid beta protofibril antibody, in 856 patients with early alzheimer's disease.
The venerable biotech, biogen , reported earnings before the opening tuesday adjusted for the spinoff of bioverativ ( bivv ), sales rose 13% yoy, and eps was $579, up strongly from $471 in q3 last year. Biogen inc is a biopharmaceutical company it is engaged in discovering, developing, manufacturing and delivering therapies to patients for the treatment of neurological, rare and autoimmune diseases biogen and idec merged in 2003, combining forces to market biogen's multiple sclerosis drug avonex and idec's cancer drug rituxan. Biogen inc (biib) - develops treatments for neurodegenerative, autoimmune and hematologic disorders.
Updated analyst estimates for biogen inc - including biib earnings per share estimates and analyst recommendations. When biogen merged with idec to become biogen idec years ago, it not only gained rituxan, but it gained valuable patent assets this has been monetized for years as roche pays royalties on its marketing of rituxan and its in-house products that use idec's cd20 antibody technology.
See stock analyst recommendations for biogen inc (biib), including history of rankings (upgrades, downgrades. A phase 2 trial on the drug initially turned in poor results last december based on a bayesian analysis at 12 months but biogen and eisai opted to keep the trial blinded through 18 months of. Estimate momentum measures changes in analyst sentiment over time & may be an indicator of future price movements earnings growth (2018) earnings growth is the measure of year on year earnings per share (eps) growth from the prior fiscal year, expressed as a percentage. Eisai and biogen announce positive topline results of the final analysis for ban2401 at 18 months email print friendly share july 05, 2018 19:30 et | source: biogen inc.
Biogen inc shares surged 42% in tuesday premarket trade after the company reported second-quarter profit and revenue beats and raised its 2018 profit and revenue guidance earnings for the latest quarter rose to $867 million, or $418 per share, from $863 million, or $407 per share in the year-earlier period.