Biogen's Outlook Dims As Analyst Projects Flat Revenue Until 2026
BIIBBiogen(BIIB) Benzinga·2024-11-19 02:18

Needham downgraded Biogen Inc BIIB, citing limited catalysts for the company over the next year.Alzheimer’s drug Leqembi’s (lecanemab) sales growth is expected to stay gradual without a sharp increase in the near future. The analyst remarked that the physician feedback and expert opinions indicate this slow pace will continue.Leqembi’s third-quarter global in-market sales were approximately $67 million, including U.S. in-market sales of approximately $39 million.Although investors are aware of this, market ...