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Biogen IDEC Inc. (BIIB-Q) has come under scrutiny recently as experts express dissatisfaction with its product offerings. According to multiple reviews, the company's performance is lagging behind that of its competitors, with many analysts noting that potential innovations and advancements have not lived up to expectations. The general sentiment is that the company is struggling to find its footing in a competitive landscape where rivals are producing more impactful and effective solutions. This perception raises concerns about Biogen's market positioning and future growth potential. As a result, investors may need to exercise caution when considering this stock for their portfolios, given the prevailing negative sentiment and underwhelming performance indicators.
https://www.pmlive.com/pharma_news/fda_sets_november_date_for_expert_panel_review_of_biogens_aducanumab_1351831 Until February 2020, Biogen's FDA results of an Alzheimer drug was the healthcare event of the year (then Covid hit). Novartis and other players are starting to compete here, though. He owned Biogen some years ago. He was on a panel which was split over whether Biogen would get FDA approval on Nov. 6. Regardless, this is a high-risk play; this could pop 35-50% up or down. The risk/return is too much for him. The drug has a checkered past and so far there is no effective Alzheimer's drug, but if it works it will be huge for the company and society.
Biogen IDEC Inc. is a American stock, trading under the symbol BIIB-Q on the NASDAQ (BIIB). It is usually referred to as NASDAQ:BIIB or BIIB-Q
In the last year, 2 stock analysts published opinions about BIIB-Q. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Biogen IDEC Inc..
Biogen IDEC Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Biogen IDEC Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Biogen IDEC Inc. In the last year. It is a trending stock that is worth watching.
On 2025-04-01, Biogen IDEC Inc. (BIIB-Q) stock closed at a price of $132.03.
Not impressed with products. Competitors out performing.