Biogen

Biogen

BIIBApproved
Cambridge, United StatesFounded 1978biogen.com

Biogen stands as a premier biotechnology company focused on developing innovative therapies for complex neurological, immunological, and rare diseases with significant unmet medical needs. With decades of pioneering work in multiple sclerosis and recent expansions into nephrology through the acquisition of Human Immunology Biosciences, the company maintains a diverse pipeline spanning Alzheimer's disease, ALS, lupus, and other challenging conditions. Biogen's commitment to scientific excellence is demonstrated through substantial annual R&D investment of $2 billion and a global team of over 1,300 research professionals driving innovation from discovery to commercialization.

Market Cap
$26.6B
Founded
1978
Employees
7,000-8,000
Focus
AntibodiesBiologicsBiosimilars

BIIB · Stock Price

USD 181.4629.51 (-13.99%)

Historical price data

AI Company Overview

Biogen stands as a premier biotechnology company focused on developing innovative therapies for complex neurological, immunological, and rare diseases with significant unmet medical needs. With decades of pioneering work in multiple sclerosis and recent expansions into nephrology through the acquisition of Human Immunology Biosciences, the company maintains a diverse pipeline spanning Alzheimer's disease, ALS, lupus, and other challenging conditions. Biogen's commitment to scientific excellence is demonstrated through substantial annual R&D investment of $2 billion and a global team of over 1,300 research professionals driving innovation from discovery to commercialization.

Technology Platform

Biogen leverages deep understanding of human disease biology combined with diverse therapeutic modalities including antisense oligonucleotides, monoclonal antibodies, and novel approaches to neurodegeneration and immune-mediated diseases.

Pipeline Snapshot

529

529 drugs in pipeline, 101 in Phase 3

DrugIndicationStage
Interferon Beta + BIIB017 (Peginterferon beta-1a)Relapsing Multiple SclerosisApproved
dimethyl fumarate + montelukast + PlaceboMultiple SclerosisApproved
BG00012 (DMF) (Tecfidera®.)Multiple SclerosisApproved
dimethyl fumarateRelapsing-Remitting Multiple SclerosisApproved
Interferon-beta-1a (Avonex) plus methylprednisoloneRelapsing-remitting Multiple SclerosisApproved

Funding History

2

Total raised: $750M

Debt$750MUndisclosedMay 15, 2020
IPOUndisclosedUndisclosedSep 15, 1991

FDA Approved Drugs

11
TOFIDENCEBLASep 29, 2023
ZURZUVAENDAAug 4, 2023
QALSODYNDAApr 25, 2023

Opportunities

Biogen has significant growth opportunities through its diverse pipeline of six Phase 3 programs in immune-mediated diseases, expansion into nephrology via the HI-Bio acquisition, and continued innovation in high-value neurological conditions.
The company's $2 billion annual R&D investment and open innovation model position it well to capitalize on breakthrough opportunities in areas with substantial unmet medical needs.

Risk Factors

Key risks include the inherently high failure rates in neurological drug development, particularly in challenging areas like Alzheimer's disease where the field has experienced numerous setbacks.
Increasing competition from both established pharma and emerging biotechs, combined with pricing pressures and potential biosimilar competition for established products, could impact long-term growth and market position.

Competitive Landscape

Biogen competes with major pharmaceutical companies including Roche/Genentech in neurology, Novartis in rare diseases, and numerous biotech companies across its therapeutic focus areas. The company differentiates through its 25+ years of neurology expertise, particularly in multiple sclerosis, established commercial infrastructure, and deep relationships with specialist physicians in complex therapeutic areas.

Publications
18
Patents
20
Pipeline
529
FDA Approvals
11

Company Info

TypeTherapeutics
Founded1978
Employees7,000-8,000
LocationCambridge, United States
StageApproved
RevenueRevenue Generating

Trading

TickerBIIB
ExchangeNASDAQ

Therapeutic Areas

NeurologyImmunologyRare DiseasesMultiple SclerosisAlzheimer's DiseaseALSLupusSpinal Muscular AtrophyKidney DiseaseMental Health

Partners

Ionis PharmaceuticalsReata PharmaceuticalsHuman Immunology Biosciences
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