BIIB
Biogen Inc. · Healthcare · Drug Manufacturers - General
Last
$209.06
+$11.82 (+5.99%) 4:00 PM ET
After hours $209.02 −$0.04 (−0.02%) 6:41 AM ET
Prev close $197.24
Open $198.25
Day high $209.56
Day low $194.60
Volume 1,861,364
Avg vol 1,365,063
Mkt cap
$29.12B
P/E ratio
22.48
FY Revenue
$9.94B
EPS
9.30
Gross Margin
75.49%
Sector
Healthcare
AI report sections
BIIB
Biogen Inc.
BIIB shows a pronounced upward price trend over the past year, with the stock up 62.4% over 12 months and trading in the upper portion of its 52-week range. At the same time, revenue, earnings, and operating cash flow have all contracted versus the prior year, indicating that recent share-price strength is not currently backed by growth momentum. Valuation multiples sit in a moderate range relative to earnings and cash flow, while healthy liquidity and free cash flow metrics contrast with pressure on legacy multiple sclerosis revenue and overall profitability.
AI summarized at 2:51 PM ET, 2026-04-29
AI summary scores
INTRADAY: 68 SWING: 72 LONG: 63
Volume vs average
Intraday (cumulative)
+47% (Above avg)
Vol/Avg: 1.47×
RSI
46.76 (Neutral)
Neutral (40–60)
MACD momentum
Intraday
-0.06 (Weak)
MACD: 0.25 Signal: 0.31
Short-Term
-1.79 (Weak)
MACD: 0.58 Signal: 2.37
Long-Term
-1.31 (Weak)
MACD: 3.82 Signal: 5.13
Intraday trend score 77.82

Latest news

BIIB 12 articles Positive: 5 Neutral: 2 Negative: 5
Positive GlobeNewswire Inc. • Sns Insider
Autoimmune Disease Therapeutics Market Size to Reach USD 137.85 Billion by 2035 as Biologics and Precision Medicine Drive Growth | SNS Insider

The global autoimmune disease therapeutics market is projected to grow from USD 80.54 billion in 2025 to USD 137.85 billion by 2035, with a CAGR of 5.52%. Growth is driven by rising prevalence of autoimmune diseases, adoption of biologics, JAK inhibitors, monoclonal antibodies, and precision medicine technologies. North America leads with 39.96% market share, while Asia-Pacific shows the fastest growth at 6.28% CAGR.

ABBV NVS AMGN JNJ autoimmune disease therapeutics biologics JAK inhibitors monoclonal antibodies
Sentiment note

Specialist in neurology and immunology with strong focus on multiple sclerosis, which is the fastest-growing indication at 6.34% CAGR in the market.

Neutral GlobeNewswire Inc. • Grey Matters Health Inc.
Grey Matters Takes Delivery of the First Brain Dedicated PET Scanning System for its Flagship NovaScan Neuroimaging Clinic in Florida

Grey Matters Health Inc. has received its first brain-dedicated PET scanning system (CareMiBrain) for its flagship NovaScan Neuroimaging Clinic in Davie, Florida, positioning itself as the first U.S. clinic to offer brain-only PET scans for early Alzheimer's detection. The clinic will capitalize on the emerging billion-dollar market created by FDA-approved monoclonal antibody treatments (Leqembi and Kisunla) that require beta-amyloid brain imaging for patient authorization and monitoring.

ESAIY BIIB LLY PET scanning Alzheimer's detection beta-amyloid imaging neuroimaging CareMiBrain system
Sentiment note

Mentioned as co-developer of Leqembi. Similar to Eisai, Biogen is referenced only as a treatment provider whose drug creates demand for Grey Matters' diagnostic services, but no company-specific news is reported.

Positive The Motley Fool • Adria Cimino
Biogen Is Paying $1 Billion for a Company That Won't Say What It Makes. Here's Why That's Actually Good News for BIIB Investors.

Biogen announced a $1 billion acquisition of RayThera, a company with anti-inflammatory assets targeting immune-mediated conditions. This strategic move strengthens Biogen's immunology portfolio following its earlier acquisition of Apellis Pharmaceuticals. The company is successfully transitioning from its declining MS drug business to growth areas like Alzheimer's and rare diseases, with early signs of business stabilization and revenue growth.

BIIB JNJ MRNA LLY biotech acquisition immunology pipeline development business turnaround
Sentiment note

Biogen is executing a successful strategic transformation from declining MS drugs to growth areas. The company has stabilized its business, achieved double/triple-digit sales growth in new products, and is making strategic acquisitions (Apellis and RayThera) to build out its immunology portfolio. The $1 billion RayThera acquisition targets a massive $112+ billion immunology market with significant revenue potential.

Negative GlobeNewswire Inc. • Block & Leviton Llp
Block & Leviton LLP Announces Proposed Class Action Settlement on Behalf of Purchasers of Common Stock of Biogen, Inc. – BIIB

A federal court has approved an $18.9 million settlement for investors who purchased Biogen Inc. common stock between June 8, 2021 and July 12, 2021. A settlement hearing is scheduled for September 29, 2026, to determine if the settlement is fair and reasonable. Class members must submit a Proof of Claim by September 24, 2026 to receive compensation.

BIIB class action settlement Biogen Inc. securities litigation investor compensation settlement hearing proof of claim
Sentiment note

The company is the defendant in a securities class action lawsuit involving alleged misconduct during June-July 2021. The settlement of $18.9 million indicates legal liability and reputational damage, which are negative indicators for the company.

Negative GlobeNewswire Inc. • Pomerantz Llp
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Biogen Inc. - BIIB

Pomerantz LLP is investigating Biogen Inc. for potential securities fraud following the company's announcement of Phase 2 CELIA study results for diranersen (BIIB080), an Alzheimer's disease treatment. Although Biogen described the results as 'compelling,' the study missed its primary dose-response endpoint, causing the stock to fall $13.16 per share (6.43%) to $191.37 on May 14, 2026.

BIIB securities fraud clinical trial failure Alzheimer's disease class action lawsuit stock price decline diranersen Phase 2 study
Sentiment note

Biogen faces a securities fraud investigation following misleading characterization of failed clinical trial results. The stock declined 6.43% on the news, and the company is accused of describing results as 'compelling' despite missing the primary endpoint, suggesting potential investor deception.

Positive GlobeNewswire Inc. • Delveinsight
Cutaneous Lupus Erythematosus Market to Expand at a CAGR of 8% During the Forecast Period (2026–2036) Amid Emerging Therapies and Increasing Healthcare Investments | DelveInsight

The cutaneous lupus erythematosus (CLE) market is projected to grow at 8% CAGR through 2036, driven by emerging targeted therapies and increased disease awareness. The market was valued at USD 650 million in 2025 across seven major markets. Key pipeline drugs from major pharmaceutical companies targeting plasmacytoid dendritic cells and type I interferon pathways are expected to transform treatment options for CLE patients.

BIIB AMGN BMY CELGR cutaneous lupus erythematosus CLE market autoimmune disorder targeted therapies
Sentiment note

Litifilimab (BIIB059) met primary endpoint in Phase II AMETHYST trial and received FDA Breakthrough Therapy Designation in January 2026, positioning the company favorably in the emerging CLE treatment landscape.

Positive Benzinga • Vandana Singh
Biogen To Acquire RayThera For Up To $1 Billion, Expanding Immunology Pipeline

Biogen agreed to acquire private biotechnology company RayThera for up to $1 billion to expand its immunology pipeline. The deal includes an upfront payment with the majority tied to future clinical and regulatory milestones, expected to close in Q3 2026. RayThera focuses on small-molecule therapies for immunological diseases with a lead candidate entering Phase 1 development in early Q3 2026.

BIIB acquisition immunology biotechnology small-molecule therapies clinical development pipeline expansion M&A
Sentiment note

Strategic acquisition to expand immunology pipeline and reach into additional disease areas. Demonstrates continued M&A activity to bolster pipeline following recent Apellis acquisition. However, stock was down 2.38% at time of publication, suggesting mixed market reaction.

Negative GlobeNewswire Inc. • Na
Denali Therapeutics Enters Agreement to Sell Rare Pediatric Disease Priority Review Voucher for $195 Million

Denali Therapeutics announced it will sell its Rare Pediatric Disease Priority Review Voucher for $195 million following FDA approval of AVLAYAH, the first FDA-approved biologic designed to cross the blood-brain barrier. The proceeds will support advancement of Denali's clinical pipeline for lysosomal storage disorders and neurodegenerative diseases. However, the article also notes that Biogen and Denali's Phase 2b LUMA study of BIIB122 in early-stage Parkinson's disease failed to meet its primary and secondary endpoints, leading to discontinuation of the program.

DNLI BIIB Priority Review Voucher AVLAYAH blood-brain barrier Hunter syndrome TransportVehicle platform lysosomal storage disorders
Sentiment note

Phase 2b LUMA study of BIIB122 (co-developed with Denali) failed to meet primary and secondary endpoints, resulting in program discontinuation. This represents a significant clinical setback for the Parkinson's disease indication.

Positive GlobeNewswire Inc. • Na
Biogen Expands Immunology Pipeline with Agreement to Acquire RayThera Inc.

Biogen has agreed to acquire private biotechnology company RayThera Inc. for up to $1 billion in an upfront payment plus milestone-based contingent payments. The acquisition adds multiple anti-inflammatory assets to Biogen's immunology portfolio, with RayThera's lead candidate expected to enter Phase 1 development in early Q3 2026. The transaction is anticipated to close in Q3 2026.

BIIB acquisition immunology small molecule therapies anti-inflammatory Phase 1 development pipeline expansion clinical milestones
Sentiment note

The acquisition strengthens Biogen's immunology pipeline with multiple assets and a lead candidate entering Phase 1 development. This strategic expansion into new disease areas is expected to contribute meaningfully to long-term pipeline potential, representing growth and diversification of the company's portfolio.

Negative GlobeNewswire Inc. • Pomerantz Llp
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Biogen Inc. - BIIB

Pomerantz LLP is investigating Biogen Inc. for potential securities fraud following the company's announcement of Phase 2 CELIA study results for diranersen (BIIB080), an Alzheimer's disease treatment. Although Biogen described the results as 'compelling,' the study missed its primary dose-response endpoint, causing the stock to fall $13.16 per share (6.43%) to $191.37 on May 14, 2026.

BIIB securities fraud clinical trial failure Alzheimer's disease class action lawsuit stock price decline diranersen Phase 2 study
Sentiment note

Biogen faces a securities fraud investigation following a failed primary endpoint in a Phase 2 clinical trial for a key drug candidate. The stock declined 6.43% on the news, and the company is accused of misrepresenting trial results as 'compelling' despite missing the primary endpoint, indicating potential investor deception.

Neutral Investing.com • Chris Markoch
Biogen Stock Slides After Trial Miss, but Analysts Stay Bullish

Biogen's stock fell over 10% after its diranersen Alzheimer's drug missed the primary endpoint in the Phase 2 CELIA trial on May 14. However, the drug showed meaningful reductions in tau pathology and signs of slower clinical decline. Despite the setback, analysts remain bullish with a consensus price target of $215.62, citing the company's decision to advance the drug as a vote of confidence. Biogen's base business is supported by strong Leqembi sales growth (74% YoY to $168M) and the planned Apellis acquisition.

BIIB ESAIY Alzheimer's disease diranersen tau pathology Phase 2 trial Leqembi clinical decline
Sentiment note

Mixed results from CELIA trial with primary endpoint miss causing 10%+ stock decline, but meaningful secondary biomarker improvements and cognitive benefits support continued development. Analysts remain bullish with 14% upside potential, and strong Leqembi sales growth provides base business stability. Technical chart shows support at 50-day SMA but MACD signals near-term caution.

Negative GlobeNewswire Inc. • Na
Biogen and Denali Therapeutics Provide Update on Phase 2b LUMA Study of BIIB122 (DNL151) in Early-Stage Parkinson’s Disease

Biogen and Denali Therapeutics announced that BIIB122 (DNL151), a LRRK2 inhibitor, failed to meet primary and secondary endpoints in the Phase 2b LUMA study for early-stage Parkinson's disease. The companies will discontinue development in idiopathic Parkinson's disease, though Denali will continue the Phase 2a BEACON study in LRRK2 variant carriers. The drug demonstrated acceptable safety and >90% kinase inhibition but did not slow disease progression.

BIIB DNLI BIIB122 DNL151 LRRK2 inhibitor Parkinson's disease Phase 2b LUMA study clinical trial failure
Sentiment note

Failed Phase 2b trial with BIIB122 not meeting primary or secondary endpoints, leading to discontinuation of development in idiopathic Parkinson's disease. This represents a significant setback in the company's neurodegeneration pipeline and loss of investment in this therapeutic candidate.

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