HALISTER: MORE: Biogen Falls 9% After Anti-LINGO Misses Study Endpoints

MORE: Biogen Falls 9% After Anti-LINGO Misses Study Endpoints

(Bloomberg) -- Biogen trades as low as $262 on pre-market vol. >20k shares.
  • Says opicinumab (anti-LINGO-1) missed primary endpoint evaluating physical function, cognitive function and disability in Phase 2 multiple sclerosis study.
  • BIIB says evidence of clinical effect seen with complex, unexpected dose-response
  • Opicinumab also missed secondary endpoints evaluating slowing of disability progression
  • BIIB continues to analyze results to inform design of next study
  • NOTE: Anti-LINGO one of key drugs in BIIB’s pipeline
    • April 14, Biogen’s Anti-Lingo-1 Benefit Persists in 32- Week Data: Study Link
Link to Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BIIB US (Biogen Inc)

To de-activate this alert, click here

UUID: 7947283