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Biogen Plunges as Alzheimer Drug's Slow Uptake Signals Reset

(Bloomberg) Biogen Inc. fell the most in two years as its latest foray into Alzheimer’s disease got off to a slow start, suggesting a long road to growth for the biotechnology giant.Most Read from BloombergMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillS&P 500 Set for Worst CPI Day Since September 2022: Markets WrapPutin Seeks Revenge on a World Order He Once Wanted to JoinRetail Traders Are Losing Billions in India’s Booming Options MarketTrump Asks Supreme Court to Keep DC Electi ....

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Biogen to cut 1,000 jobs to save costs as Alzheimer's drug launch gathers pace

Investors have pinned their hopes on Leqembi as sales of multiple sclerosis drug Tecfidera take a hit from cheaper generic rivals while spinal muscular atrophy drug Spinraza faces rival treatments by Novartis and Roche. "Biogen's business is in transition," said CEO Christopher Viehbacher, who was hired in November to help power up growth and put behind a series of setbacks for older Alzheimer's drug Aduhelm. Biogen, which had 8,725 employees worldwide at the end of 2022, expects to re-invest about $300 million from the new cost-cutting program into launches and research and development. ....

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Global Multiple Sclerosis Treatment Market Report 2023:

Dublin, May 03, 2023 (GLOBE NEWSWIRE) The "Global Multiple Sclerosis Treatment Market Report and Forecast 2023-2031" report has been added to . ....

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EQS-News: Immunic Presents Data From Phase 2 EMPhASIS Trial of Vidofludimus Calcium in Relapsing-Remitting Multiple Sclerosis at ACTRIMS Forum 2023

Issuer: Immunic, Inc. / Key word(s): Conference/Study Immunic Presents Data From Phase 2 EMPhASIS Trial of Vidofludimus Calcium in Relapsing-Remitting Multiple Sclerosis at ACTRIMS Forum 2023 22.02.2023 / 12:30 CET/CEST The issuer is solely responsible for the content of this announcement. Immun. ....

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Model for Studying Treatments Targeting Multiple Sclerosis Progression

Identifying an animal model of multiple sclerosis disease progression is a critical step toward finding better treatments. ....

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