Biogen’s Q2 Highlights Need For Near-Term Successes

 
• By Mandy Jackson
  
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Second quarter performance was better than expected, but commercial weaknesses show the need for R&D wins and M&A deals as Tecfidera generics and aducanumab uncertainty weigh on the company.

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Biogen has multiple challenges and needs near-term solutions • Source: Shutterstock

Biogen, Inc.’s second quarter financial performance exceeded expectations on 22 July, but longer-term concerns continue to weigh on the company, which is betting its future on the uncertain US Food and Drug Administration approval of aducanumab for Alzheimer’s disease. The potential launch of Tecfidera (dimethyl fumarate) generics and the expected approval of a second competitor for Spinraza (nusinersen) also increase the need for near-term additions of revenue-generating products.

But despite the hiring of a new CFO with a history of deal-making, Biogen remains focused on licensing and buying...

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