When Biogen (BIIB) reports first-quarter earnings on Wednesday morning, investors will be listening for what, if anything, management says about the biotech’s path forward in the wake of its Alzheimer’s disease drug blowup.

That Alzheimer’s drug, called aducanumab, was supposed to be Biogen’s next blockbuster medicine, delivering billions of dollars in future revenue. But two Phase 3 clinical trials were shut down last month after an analysis determined the drug had no chance of succeeding.

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!

GET STARTED

What is it?

STAT Plus is a premium subscription that delivers daily market-moving biopharma coverage and in-depth science reporting from a team with decades of industry experience.

What's included?

  • Authoritative biopharma coverage and analysis, interviews with industry pioneers, policy analysis, and first looks at cutting edge laboratories and early stage research
  • Subscriber-only networking events and panel discussions across the country
  • Monthly subscriber-only live chats with our reporters and experts in the field
  • Discounted tickets to industry events and early-bird access to industry reports

Leave a Comment

Please enter your name.
Please enter a comment.

Sign up for our Daily Recap newsletter

A roundup of STAT’s top stories of the day in science and medicine

Privacy Policy