Biogen Inc.
 (BIIB)

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  • Wed, Jan. 27, 3:30 PM
    • As if biotech investors need reminding, biotechs (and healthcare stocks) are getting some rude treatment today, the market's foul mood notwithstanding. The Nasdaq Composite Index is down 2.5%,but the SPDR S&P Biotech ETF (XBI -4.7%) almost twice as much. The iShares Nasdaq Biotechnology ETF (IBB -3.5%) is faring a bit better, but still down more than the broad market.
    • Only Biogen and Abbott have bucked the trend.
    • Sample of tickers: (AMGN -2.5%)(BIIB +5.7%)(CELG -3.9%)(GILD -3.3%)(ALXN -1.2%)(ABT +0.3%)(BMY -1.8%)(MRK -3%)(VRX -4%)(PFE -0.9%)
    • ETFs: BIB, BIS, CNCR
    | Wed, Jan. 27, 3:30 PM | 60 Comments
  • Wed, Jan. 27, 9:22 AM
    | Wed, Jan. 27, 9:22 AM | 3 Comments
  • Wed, Jan. 27, 8:05 AM
    • Biogen (NASDAQ:BIIB) Q4 results ($M): Total Revenues: 2,839.3 (+7.5%); Net Product Sales: 2,425.9 (+6.1%).
    • Net Income: 831.6 (-5.9%); Non-GAAP Net Income: 994.7 (+3.0%); EPS: 3.77 (+0.8%); Non-GAAP EPS: 4.50 (+10.0%).
    • Net Income growth has decelerated over the past four quarters: 93.2%, 71.4%, 29.8%, 12.7%, -5.9% as has EPS growth: 94.8%, 72.8%, 30.6%, 14.6%, 0.8%.
    • Key Product Sales: Tecfidera: 992.8 (+20.4%); Avonex: 637.2 (-13.4%); Tysabri: 480.7 (-0.7%); Plegridy: 102.5 (+149.4%); Eloctate: 101.2 (+175.0%); Alprolix: 71.3 (+76.9%).
    • 2016 Guidance: Revenues: $11.1B - 11.3B; EPS: $16.85 - 17.15; Non-GAAP EPS: $18.30 - 18.60.
    | Wed, Jan. 27, 8:05 AM
  • Wed, Jan. 20, 1:47 PM
    • It appears that biotech investors have had enough of the sidelines. Many tickers are showing bullish reversals.
    • Representative tickers: (RLYP +15.3%)(CELG +2.6%)(AMGN +0.2%)(BIIB -1.6%)(ALXN -0.6%)(VRTX +0.2%)(IBB +0.8%)(XBI +2.1%)
    | Wed, Jan. 20, 1:47 PM | 20 Comments
  • Wed, Jan. 20, 11:36 AM
    • To point out the obvious, the biotech sector has been unable to fight off the widespread selling. The iShares Nasdaq Biotech Index Fund (IBB -1.8%) is down again, albeit on modestly higher volume. It's down over 21% since late December.
    • Representative tickers: (GILD -1.7%)(CELG +0.7%)(BIIB -2.7%)(AMGN -0.6%)(ALXN -2.8%)
    | Wed, Jan. 20, 11:36 AM | 17 Comments
  • Oct. 21, 2015, 1:22 PM
    • As if anyone following biotechs needs reminding, sellers are overwhelming the space. The iShares Nasdaq Biotechnology ETF (IBB -2.8%) is down 6% since Monday.
    • Key tickers: (BIB -6.5%)(BIS +6.3%)(VRX -38.5%)(AGN -5.9%)(BIIB -0.1%)(AMGN -1.7%)(GILD -1%)(CELG -2%)
    | Oct. 21, 2015, 1:22 PM | 66 Comments
  • Oct. 21, 2015, 9:15 AM
    | Oct. 21, 2015, 9:15 AM | 3 Comments
  • Oct. 21, 2015, 8:09 AM
    • Biogen (NASDAQ:BIIB) Q3 results ($M): Total Revenues: 2,777.9 (+10.6%); Net Product Sales: 2,391.7 (+13.0%).
    • Net Income: 965.6 (+12.7%); EPS: 4.15 (+14.6%); Non-GAAP EPS: 4.48 (+17.9%).
    • Key Product Sales: Tecfidera: 937.4 (+2.3%); Avonex: 685.1 (-7.6%); Tysabri: 497.7 (-0.7%); Plegridy: 99.7 (+999%); Eloctate: 90.6 (+319.4%).
    • 2015 Guidance: Revenue Growth: 8 - 9% from 6 - 8%; EPS: $14.65 - 14.95 from $14.25 - 14.70; Non-GAAP EPS: $16.20 - 16.50 from $15.50 - 15.95.
    • The company announces a corporate restructuring that includes the termination of certain pipeline programs, an 11% reduction in workforce and a $250M reduction in annual operating expenses. The savings will be reinvested to support commercial activities related to Tecfidera and the advancement of high potential pipeline candidates in Alzheimer's disease, multiple sclerosis (MS) and spinal muscular dystrophy. The reduction in headcount will be completed this quarter. Development programs cut include the Phase 3 program for Tecfidera in secondary progressive MS, anti-TWEAK in lupus nephritis and others in immunology and fibrosis.
    • Shares are up 6% premarket on increased volume.
    | Oct. 21, 2015, 8:09 AM | 5 Comments
  • Oct. 13, 2015, 3:49 PM
    • Getting out in front of what should be more bashing of their business models at the Democratic debate tonight, the healthcare names (XLV -1.3%) have about doubled the decline in the S&P 500. Within healthcare, it's the biotechs (IBB -3.1%) and pharmaceuticals (XPH -3.2%) leading the way south.
    • Celgene (CELG -3.3%), Biogen (BIIB -3.6%), Amgen (AMGN -3.5%), Allergan (AGN -4.1%), Mylan (MYL -3.6%)
    • The biotech heavy Russell 2000 (IWM -1.4%) is feeling the pain as well.
    • ETFs: IBB, IYH, XLV, XBI, VHT, PJP, BBH, FBT, HQH, CURE, XPH, HQL, PBE, FXH, RXL, IHE, FHLC, SBIO, PPH, RYH, BBC, THQ, BBP, RXD, LABU, LABD, UBIO, ZBIO
    | Oct. 13, 2015, 3:49 PM | 27 Comments
  • Sep. 30, 2015, 12:49 PM
    • Bruised and battered biotech investors get some welcome buying today as bargain hunters open their wallets. The iShares Nasdaq Biotech Index Fund (IBB +2%) is up nicely, albeit on average volume.
    • Key tickers: (AMGN +1.6%)(BIIB +2.5%)(GILD +1%)(CELG +0.7%)(DEPO +12.4%)(HZNP +8.6%)(NVO +0.7%)(AGN +4.9%)(VRX +6.4%)(REGN +0.9%)(TEVA +2%)(SHPG +2.6%)
    | Sep. 30, 2015, 12:49 PM | 26 Comments
  • Sep. 27, 2015, 8:59 AM
    • The $8B iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) fell 4.9% on Friday and 13% for the week - its worst weekly performance since the height of the financial panic seven years ago. Many biotech ETFs eat the same cooking - Gilead (NASDAQ:GILD), Amgen (NASDAQ:AMGN), Biogen (NASDAQ:BIIB), and Regeneron (NASDAQ:REGN) among the popular names - and FBT, XBI, and BBP fell in amounts similar to IBB.
    • The news flow was relatively quiet late in the week, but Hilary Clinton's promise Monday to clamp down on drug prices set things in negative motion for the momo sector.
    • Barron's Chris Dieterich reminds that a flood of biotech IPOs in recent years has filled the small cap universe with these highly speculative names, and biotech now makes up 7% of the iShares Russell 2000 Index (NYSEARCA:IWM). Indeed. The IWM fell 3.7% for the week, nearly tripling the decline of the S&P 500.
    • ETFs: IWM, TZA, TNA, UWM, VB, VBK, URTY, SCHA, TWM, IWO, RWM, SRTY, VTWO, RCG, JKJ, VTWG, TWOK, FYX, JKK, EWRS, ZSML, FYC, SMLL, RYRSX
    | Sep. 27, 2015, 8:59 AM | 127 Comments
  • Sep. 25, 2015, 3:07 PM
    | Sep. 25, 2015, 3:07 PM | 134 Comments
  • Aug. 17, 2015, 4:33 PM
    • Major stock indexes rebounded from opening declines to finish modestly higher, after a solid housing report showed some strength on a lightly traded Monday.
    • Homebuilding stocks paced gainers, including Toll Brothers (TOL +2.3%); Ryland (RYL +2.1%); KB Home (KBH +3.1%), Lennar (LEN +2.7%) and Taylor Morrison Home (TMHC +2.9%).
    • The S&P 500 gained 0.5% to 2,102.44; for 2015, it's up 2.12%. The move up came despite a grim reading from New York manufacturing that sent bond yields lower. TLT +0.5%; TBT -0.8%.
    • Volumes overall were about 20% below recent average.
    • Sector gains were broadly distributed, with a flat energy sector as the laggard. Healthcare stocks performed well, paced by dollar volume leaders Gilead Sciences (GILD +0.7%), Johnson & Johnson (JNJ +1.1%) and Biogen (NASDAQ:BIIB) +1.1%.
    | Aug. 17, 2015, 4:33 PM | 12 Comments
  • Jul. 24, 2015, 12:45 PM
    | Jul. 24, 2015, 12:45 PM | 1 Comment
  • Jul. 24, 2015, 9:17 AM
    | Jul. 24, 2015, 9:17 AM | 1 Comment
  • Jul. 14, 2015, 1:34 PM
    • Believing upcoming data (due on July 22) on the 54-week efficacy of Biogen's (NASDAQ:BIIB) aducanumab Alzheimer's drug "will show a strong trend or reach statistical significance," BofA/Merrill's Ying Huang has upgraded to Buy. His target remains $466.
    • Ahead of Biogen's July 24 Q2 report, Huang also predicts (citing IMS script data) U.S. sales of Biogen's Tecfidera multiple sclerosis drug will beat a $727M consensus. He sees ""results from a Phase 2 study for Tysabri in acute ischemic stroke (mid 2015), Phase 2 for neublastin in neuropathic pain (mid 2015), and Phase 3 for Tysabri in SPMS (2H2015)" as additional potential catalysts.
    | Jul. 14, 2015, 1:34 PM | 10 Comments
Company Description
Biogen Inc is a biopharmaceutical company. It is engaged in discovering, developing, manufacturing and delivering therapies to patients for the treatment of neurodegenerative diseases, hematologic conditions and autoimmune disorders.
Sector: Healthcare
Industry: Biotechnology
Country: United States