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Biogen IDEC Inc. (BIIB-Q)
NASDAQ:BIIB
159.99
4.90
(2.97%) 1d
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The reviews for Biogen IDEC Inc. are mixed. One expert is not impressed with their products and believes that competitors are outperforming them. Another expert suggests that the company's weight-loss drug, expected to launch next year, may lead to a big breakthrough, but expresses concern about the company being lumped in with the general drug group. Overall, there seems to be uncertainty about the company's performance and future prospects.
$221.605
Unknown
They haven't launched their weight-loss drug yet, but the company's expects something big from it next year. The problem is that BIIB is lumped in with the general drug group.
A great stock that whose Alzheimer drug will do well. (See also Eli Lilly.) Shares bounced along, but now picked up momentum.
The FDA figure who was key in getting their Alzheimer's drug recently left the FDA, but all the Alzheimer's plays declined except Biogen.
(A Top Pick Nov 26/20, Up 26.1%)Stochchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CIEN has gapped up through the $305 target. To be disciplined, we recommend trailing up the stop (from $180) to $305. If triggered, this would all but guarantee a minimum investment return over 26%.
Stockchase Research Editor: Michael O'Reilly BIIB has been on a roller-coaster. When the FDA announced a priority review of a new Alzheimer's drug, it stock soared to $360. When the review failed to approve the drug in the first go-round, the stock plunged to under $250 -- so it goes with drug manufacturers. Its MS drugs continue to do well and it is working on treatments for Parkinson's disease as well. Trading at 8x earnings, it is cheap compared to peers at 30x. We would buy this with a $180 stop-loss looking to achieve $305 -- 26% upside. Yield 0%. (Analysts’ price target is $305.90)
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.(BIIB-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
Biogen IDEC Inc.(BIIB-Q) Frequently Asked Questions
What is Biogen IDEC Inc. stock symbol?
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
Is Biogen IDEC Inc. a buy or a sell?
In the last year, 1 stock analyst published opinions about BIIB-Q. 0 analysts 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..
Is Biogen IDEC Inc. a good investment or a top pick?
Biogen IDEC Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Biogen IDEC Inc..
Why is Biogen IDEC Inc. stock dropping?
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.
Is Biogen IDEC Inc. worth watching?
1 stock analyst on Stockchase covered Biogen IDEC Inc. In the last year. It is a trending stock that is worth watching.
What is Biogen IDEC Inc. stock price?
On 2024-11-15, Biogen IDEC Inc. (BIIB-Q) stock closed at a price of $159.99.
Not impressed with products. Competitors out performing.