Biogen Inc. discovers, develops, manufactures, and delivers therapies in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, and TYSABRI for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; SKYCLARYS to treat Friedreich's Ataxia; QALSODY for treating amyotrophic lateral sclerosis; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE. It offers LEQEMBI for the treatment of Alzheimer’s disease; ZURZUVAE for the treatment of postpartum depression; RITUXAN to treat non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, two forms of ANCA-associated vasculitis, and pemphigus vulgaris; RITUXAN HYCELA for non-Hodgkin's lymphoma and CLL; GAZYVA to treat CLL and follicular lymphoma; OCREVUS for relapsing MS and primary progressive MS; LUNSUMIO to treat relapsed or refractory follicular lymphoma; glofitamab for aRelapsed or refractory diffuse large B-cell lymphoma; and other anti-CD20 therapies. Biogen Inc. has collaboration and license agreements with Merz Therapeutics; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; UCB; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; Samsung Bioepis; and Sage Therapeutics, Inc., as well as collaborations with Stoke Therapeutics, Inc. for the development and commercialization of zorevunersen, a disease modifying medicine for the treatment of Dravet syndrome; Dayra Therapeutics, Inc. to develop oral macrocyclic peptides; Vanqua Bio, Inc. for developing Vanqua's preclinical oral C5aR1 antagonist compound; City Therapeutics, Inc. to develop select novel RNAi therapies; and ALTEOGEN Inc. to develop subcutaneous (SC) formulations of biologics utilizing ALT-B4. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.
Analyst Outlook | Price targets range from $115 to $205, reflecting divided sentiment on Biogen's growth prospects, with an average target of $162.50 highlighting the polarized views on its future performance. |
Competitive Landscape | Explore how Biogen navigates competition from Eli Lilly's Kisunla in the Alzheimer's market while maintaining resilience in its legacy multiple sclerosis business despite long-term pressures. |
Valuation Disconnect | Trading at approximately 8x earnings—well below sector averages—Biogen presents potential value despite investor concerns about Leqembi's launch trajectory and pipeline limitations. |
Alzheimer's Momentum | Biogen's Leqembi shows remarkable traction with 395% year-over-year growth, bolstered by EU and Canada approvals, with anticipated subcutaneous formulation poised to expand market reach. |
Metrics to compare | BIIB | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipBIIBPeersSector | |
|---|---|---|---|---|
P/E Ratio | 20.5x | 29.3x | −0.5x | |
PEG Ratio | −0.95 | −0.30 | 0.00 | |
Price / Book | 1.5x | 2.9x | 2.6x | |
Price / LTM Sales | 2.7x | 2.8x | 3.2x | |
Upside (Analyst Target) | 13.7% | 0.0% | 47.6% | |
Fair Value Upside | Unlock | 17.4% | 6.1% | Unlock |