Piper Sandler says Alzheimer's treatment Leqembi will help drive the stock up 20% in coming months. Leqembi is currently awaiting full approval from the FDA.
Piper Sandler said several positive catalysts are in sight for Biogen over the next several quarters. Analyst Christopher Raymond upgraded Biogen to overweight from neutral. He also raised his price target to $346 per share from $280 per share. The new target implies upside of 20.3% from Friday's close. The firm named the foremost catalyst for Biogen as Alzheimer's treatment Leqembi , which it co-developed with Japanese pharmaceutical company Eisai.
He noted that 75% of doctors indicated they would never prescribe Leqembi under the current accelerated approval — meanwhile, the number increases to over 80% when within a year of full approval. "Moreover, addressing a key investor concern – almost 80% of docs today report adequate access to infusion capacity, but that number drops just a little to 70% after increasing use upon full approval," said Raymond.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Aniston & Sandler’s Murder Mystery 3 Hints Avoid One Major Trilogy ProblemA recent interview with Adam Sandler and Jennifer Aniston reveals a classic movie trope the pair will not be using in a potential Murder Mystery 3.
Leer más »
Saving Money and Improving Lives: The Benefits of Non-Drug Interventions for Alzheimer’s CareA Brown-led research team utilized computer modeling to demonstrate that, in comparison to conventional care, four interventions for dementia care resulted in cost savings of up to $13,000, a decrease in nursing home admissions, and an enhancement in the quality of life. Attention is often focuse
Leer más »
Blood Test For a Sugar Molecule May Eventually Help Early Detection of Alzheimer'sThe earlier we detect Alzheimer's disease, the better, but we don't have an easy and reliable method for doing that yet.
Leer más »
Cracking the Alzheimer's Code: A Groundbreaking New Approach to Visualizing the True CulpritPET imaging of reactive astrocyte-neuron interaction reveals new insights into Alzheimer's disease pathology, offering a potential breakthrough in diagnosis and treatment. Recently, a team of South Korean scientists led by Director C. Justin LEE of the Center for Cognition and Sociality within th
Leer más »
Mississippi–Ohio River Valley Linked to Higher Risk of Parkinson'sEvidence is mounting that 'air pollution may be an important causal factor in Parkinson's and especially Alzheimer's disease.' NeuroTwitter
Leer más »
Mom of teen YouTube star accused of abusing young content creators in $22M civil caseTiffany Smith, whose daughter is 15-year-old YouTuber Piper Rockelle, was sued last year by the 11 young content creators over the alleged abuse as well as an apparent lack of compensation for thei…
Leer más »