Biogen Idec

Latest Headlines

Latest Headlines

Biogen hauls in $6B amid biopharma's M&A fever pitch

Days after Gilead Sciences spurred a wave of buyout rumors with its effort to bring in $10 billion, Biogen laid out plans to raise $6 billion of its own, providing few details as it looks to bolster its cash position.

On a crash course with Celgene? Biogen inks a $544M autoimmune drug deal

After suffering back-to-back R&D and franchise setbacks, Biogen is beefing up its pipeline with a late-stage autoimmune drug, handing over $60 million in cash and promising up to $484 million in milestones to complete the pact with Mitsubishi Tanabe.

Biogen taps ice bucket cash to build ALS database

Biogen is working with Columbia University Medical Center to build a database of genes and clinical traits from 1,500 people with amyotrophic lateral sclerosis (ALS). The project, which is partly funded by cash raised in the Ice Bucket Challenge, is intended to help Biogen understand how genes contribute to different forms of ALS.

UPDATED: In a setback, Biogen's mid-range dose of aducanumab flops in Alzheimer's study

Biogen's 6-mg dose of its closely watched Alzheimer's drug aducanumab failed to deliver what the Big Biotech and anxious analysts were hoping to see, falling short of clinical significance on two key measures of efficacy that would have pointed toward a clear path ahead in a pivotal study.

Lilly and Biogen prep make-or-break Alzheimer's data amid an amyloid renaissance

Biogen and Eli Lilly, two drugmakers making big bets in Alzheimer's disease, are set to present clinical data on a pair of much-scrutinized projects with potential to change the industry's approach to the field.

Biopharma's 10 highest-paid heads of R&D

The year's 10 highest-paid development executives pulled in $124.4 million in total compensation, a roughly 35% jump over 2013's top earners. And while each entrant benefited from meeting individual company goals, the whole group benefited from biopharma's macroeconomic moment in the sun, as the value of stock awards skyrocketed alongside the industry index.

Samsung and Biogen plot an IPO for their biosimilars JV

Samsung Bioepis, a joint venture between the South Korean conglomerate and Biogen, is planning a jump to the Nasdaq with eyes on raising cash to market cheaper copies of blockbuster biologics.

Which Big Biotechs join Gilead in Fortune's fastest-growing pharma ranks?

The company at the top of Fortune's fastest-growing-in-pharma list is just the one you'd expect: Gilead Sciences, with its hep C-fueled leap into the industry's top 10 by revenue. And it's no surprise that the next two are Big Biotech companies, given the ascendance of biologic meds. But one Big Pharma--and only one--managed to crack the top 5.

Insider traders cashed in on Biogen's $320M Sangamo deal, SEC says

Back in 2013, as Sangamo Biosciences negotiated what would become a sizable partnership deal, one of the company's officers leaked the news to a longtime friend, according to the SEC, setting in motion an insider trading scheme authorities say netted more than $1.2 million.

Hedge fund aims algorithms at pharma patents to sink stocks

Hedge fund manager Kyle Bass has outlined how he picks pharma patents to challenge for his new money-spinning project. The project is underpinned by two emerging assets commonly thought of as a potential boon for drug developers: large data sets and algorithms with which to interrogate them.