Health Care  |  Biotechnology
202.36 -0.18 -0.09%
Stock Price | May 25, 2022, 4 p.m.
Bid: 193.23
Ask: 322.12
Prev. Close: 202.54
52 Week Low: 187.16
52 Week High: 468.55
PE Ratio: 20.712385
Dividend Yield: %

Company Summary

Biogen and Idec merged in 2003, combining forces to market Biogen's multiple sclerosis drug Avonex and Idec's cancer drug Rituxan. Today, Rituxan and next-generation antibody Gazyva are marketed via a collaboration with Roche. Biogen also markets novel MS drugs Plegridy, Tysabri, Tecfidera, and Vumerity. In Japan, Biogen's MS portfolio is co-promoted by Eisai. Hemophilia therapies Eloctate and Alprolix (partnered with SOBI) were spun off as part of Bioverativ in 2017. Biogen has several drug candidates in phase 3 trials in neurology and neurodegenerative diseases and has launched Spinraza with partner Ionis. Aduhelm was approved as the firm's first Alzheimer's disease therapy in June 2021.

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