Biogen Idec Inc (BIIB) Company Profile
Biogen Idec Inc. discovers, develops, manufactures, and markets therapies for the treatment of neurodegenerative diseases, hemophilia, and autoimmune disorders in the United States and internationally. Its marketed products include the AVONEX for the treatment of relapsing multiple sclerosis (MS); RITUXAN for treating relapsed or refractory, CD20-positive, and B-cell Non-Hodgkin?s lymphoma (NHL); TYSABRI to treat relapsing MS; FUMADERM for the treatment of severe plaque psoriasis in adult patients; and FAMPYRA, an oral compound for the improvement of walking in adult patients with MS with walking disability. Biogen Idec Inc.?s products under Phase III consist of PEGylated interferon beta-1a designed to prolong the effects and reduce the dosing frequency of interferon beta-1a; BG-12 for the treatment of MS; Daclizumab, a monoclonal antibody in relapsing MS; Long-lasting factor IX and VIII fusion protein for the treatment of hemophilia B; GA101, a monoclonal antibody for t he treatment of chronic lymphocytic leukemia and NHL; and Dexpramipexole, an orally administered small molecule for the treatment of amyotrophic lateral sclerosis. The company?s Phase I clinical trial products include Anti-LINGO for use in multiple sclerosis, Neublastin for use in neuropathic pain, CD40L for use in systemic lupus erythematosus, ANTI-TWAEK humanized monoclonal antibody for TWEAK, and BIIB037 for use in Alzheimer’s disease; and Phase II clinical trial product comprises OCRELIZUMAB, a humanized monoclonal antibody for treating CD20. It has collaboration agreements with Genentech, Inc.; Elan Pharma International, Ltd; Acorda Therapeutics, Inc.; Portola Pharmaceuticals, Inc.; Swedish Orphan Biovitrum AB; Abbott Biotherapeutics Corp; and Vernalis plc. The company was formerly known as IDEC Pharmaceuticals Corporation and changed its name to Biogen Idec Inc. in November 2003. Biogen Idec Inc. was founded in 1985 and is headquartered in Weston, Massachusetts.
News about BIIB
Is iShares Nasdaq Biotechnology ETF a Buy?
Investors seeking the fastest-growing companies in the stock market have often turned to the biotechnology sector for good investment prospects. From well-established giants in the biotech field to the latest up-and-coming players in the space, long-...Read More>>>
GameStop's Fundamentals Are Declining - Cramer's Lightning Round (9/18/18)
Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Tuesday, September 18. Bullish Calls Biogen Inc. (NASDAQ:BIIB): Cramer did not like the hype involving its Alzheimer's drug. He prefers Regeneron (NASDAQ:REGN) and Amg...Read More>>>
Better Buy: Celgene Corp. vs. Biogen
The biopharmaceutical sector is expected to be one of the most profitable areas for investors over the next decade. Ground-breaking technologies such as next-generation gene-editing systems, artificial intelligence, and machine learning are already b...Read More>>>
Short Sellers Up the Ante in Major Biotechs
The short interest data are out for the most recent settlement date, August 31. Generally speaking, companies within the biotech industry are considered to be a riskier group of stocks, with big potential upside and big potential downside. As we have...Read More>>>
Better Buy: Gilead Sciences, Inc. vs. Biogen
Biogen Inc. (NASDAQ:BIIB) and Gilead Sciences, Inc. (NASDAQ:GILD) were two of biotech's best-performing stocks in years past, but investors are a lot more worried about where they're going right now. Gilead Sciences has a new management team and a n...Read More>>>