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Biogen Inc. (BIIB) live price

Discover historical price data for Biogen Inc stocks and take your profit on price changes.

BIIB

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300.995 USD -1.3681%
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Biogen, a biologics company, may interest investors focused on long-term investments. The corporation develops drugs in the field of neurology. Before investing in Biogen stock now, research the company's financials and analysts' forecasts.

Biogen logo

Basic information about the company

Biogen is an American biotechnology international corporation that is a pharmaceutical group. This group emerged from Biogen Idec, founded in 2003 after the merger of two separate organizations: Biogen and Idec Pharmaceuticals. The former was founded in 1978, and the latter in 1985. Biogen was founded by a group of scientists from America and Europe, including Nobel Prize winners Walter Gilbert and Philip Sharp.

The company debuted on the stock exchange in 1983. Biogen's shares traded at $23 at the IPO. During the listing, 2.5 million securities of the biotech giant were sold on the stock exchange. The corporation spent the collected investments on clinical drug trials and the construction of new research facilities. Now the asset NASDAQ: BIIB can be bought through online brokers.

The company's products

Biogen is engaged in the development of methods to fight serious neurological diseases. In particular, the biotech giant's activities are focused on research into treatments for multiple sclerosis, Alzheimer's disease, dementia, etc. The corporation also develops pharmaceuticals used in ophthalmology. Biogen specialists pay special attention to studying methods of recovery after strokes and brain injuries.

The list of drugs developed by Biogen includes medicines to fight different diseases:

  1. Alprolix (hemophilia B);
  2. Avonex (relapsing-remitting multiple sclerosis);
  3. Benepali (rheumatoid arthritis, psoriatic arthritis, axial spondyloarthritis);
  4. SPINRAZA (spinal muscular atrophy);
  5. Tysabri (multiple sclerosis);
  6. Flixabi (rheumatoid arthritis, Crohn's disease, ulcerative colitis, psoriatic arthritis, psoriasis).

Biogen develops different types of drugs and treatment programs. In the list of products of the pharmaceutical company, there are drugs, created on the basis of molecules, which deliver the necessary substances to certain organs of patients. A separate group of drugs is developed on the basis of non-hazardous viruses with embedded drug substances. To fight cancer Biogen offers pharmaceutical products from a series of antisense oligonucleotides, which suppress the proteins that provoke the appearance of malignant tumors in the body.

The latest news on the stock price

Back in 2021, the U.S. Food and Drug Administration (FDA) approved Aduhelm. This Biogen development is designed to fight Alzheimer's disease. Due to the expectation of high costs associated with Aduhelm, Medicare Part B premiums have been raised in America. However, in April 2022, the company announced a possible reduction in premiums due to lower costs to promote the drug.

The company is conducting a stock buyback in 2022. During the presentation of the second quarter 2022 financial report, Biogen management reported a $500 million buyback payment to shareholders. This amount was paid to investors within three months. The number of Biogen common shares repurchased was 2.4 million for the quarter. Company management also emphasized that $2.3 billion has been allocated to the buyback through the end of 2022.

✅ Benefits of investing in Biogen

  • Despite the challenges of manufacturing and marketing Aduhelm's drug, Biogen continues research into the treatment of Alzheimer's disease. In May 2022, for example, the corporation and Esai, a Japanese pharmaceutical company, applied to the FDA for a license for Lecanemab. This drug is designed to combat cognitive impairment associated with Alzheimer's disease.
  • The company has an established track record in biotechnology.
  • Biogen is engaged in the development of drugs in modern spheres of medicine, including gene therapy. The corporation develops this direction together with specialists from Therapeutics, Harvard University and Massachusetts Institute of Technology.

❌ Disadvantages of investing in Biogen

  • Biogen's stock lost more than 20% in value in 2021. The biotech giant attributes such a drop in quotations to the controversial results of the Aduhelm drug efficacy evaluation.
  • Now the pharmaceutical company is going through a period of uncertainty. Biogen's management says that in the near future the corporation will focus on research in the field of neurotechnology.

Financial performance

Biogen ended the second quarter of 2022 with total revenue of $2.6 billion, a 7% decrease from the same period in 2021. The corporation also notes a 6% decrease in non-GAAP diluted earnings per Biogen share compared to the second quarter of last year. In the second quarter of 2022, that figure was $5.25. Total revenue for the three months reached $1.7 billion.

The biopharmaceutical corporation's management also reported an increase in its revenue forecast to the end of 2022. Thus, the company previously expected revenue in the range of $9.7-10 billion in 2022. Now the figure is expected to be $9.9-10.1 billion. The increase in its revenue forecast is due to strong financial results in the first half of 2022 and effective cost management.

Biogen stock price forecast for 2023, 2025, and 2030

We have analyzed the outlook for Biogen stock from Wall Street analysts. Optimistic experts suggest that Biogen's stock could rise to $247 by 2022. Under the pessimistic scenario, BIIB stock could be trading at $200 by the beginning of 2023. On Sept. 14, for example, the value of that asset was $203. According to analysts, Biogen securities will trade at prices far from their historical highs in 2023. The average in the 2023 forecast is about $172. This level of Biogen stock price could be considered a good time to buy the asset for a long-term investment.

Looking at long-term projections, analysts are predicting a Biogen stock price of $497 for 2025. Compared to BIIB's stock price of $203 by 2025, the quote could rise by more than 130%. If biotech research and development is successful, Biogen's stock could reach a price above $2200 by 2030.

Answers to Frequently Asked Questions

How has the COVID-19 pandemic affected BIIB's stock price?

In March 2020, Biogen's stock was trading at $315. After the coronavirus pandemic began, the stock began to drop and by November 2020, it was down to a price of $240. The stock then went back up.

How does an individual invest in Biogen stock?

To invest in Biogen stock, you need to register on our website and log into your personal DotBig account. Then fund your trading account, run your trading terminal and select the Biogen Stock asset.

How has the price of BIIB securities changed over the past year?

From September 2021 to September 2022, Biogen stock has fallen from $300 to $203. 

Can Biogen stock be traded automatically?

Biogen stock is available to trade in automatic mode on the copy trading platform. DotBig also provides the ability to invest using trading robots and trading signals. 

What other companies in the medical field can I choose to invest in?

Pfizer, Axsome, and Exelixis also operate in the medical field.

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