Why Biogen Stock Is Trading Down Today
Portfolio Pulse from Ryan Gustafson
Biogen's stock price fell after European experts questioned the benefits of its Alzheimer's drug, Leqembi, against its risks. This follows changes to the company's Board of Directors and price target raises by two analysts.
June 13, 2023 | 7:35 pm
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Biogen's stock price fell due to concerns about its Alzheimer's drug, Leqembi, despite recent Board changes and price target raises by analysts.
Biogen's stock price fell as European experts questioned the benefits of its Alzheimer's drug, Leqembi, against its risks. This negative news outweighs the recent changes to the company's Board of Directors and price target raises by two analysts, leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100