Beaten Down Biogen Stock Looks Attractive At Current Levels
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Biogen Inc. is undergoing a turnaround strategy involving cost-cutting, pipeline realignment, and M&A. Despite initial disappointments, the launch of Leqembi is showing improvement with good growth trends in Q3.
December 30, 2024 | 6:45 pm
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Biogen Inc. is implementing a turnaround strategy with cost-cutting, pipeline realignment, and M&A. Leqembi's launch, initially below expectations, is now showing good growth trends in Q3.
Biogen's turnaround strategy, including cost-cutting and M&A, is crucial for its recovery. The improving growth trends of Leqembi in Q3 suggest potential positive impacts on revenue, making the stock attractive at current levels.
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