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Biogen Inc. Faces Setbacks in Pipeline and Leqembi Sales

December 09, 2024
Fmr LLC, a renowned investment firm, has recently divested 229,202 shares of Biogen Inc. (NASDAQ:BIIB), thereby reducing its stake in the company. This move comes as Biogen Inc. faces challenges in its pipeline and experiences a slowdown in sales of its drug, Leqembi.

The pharmaceutical giant, Biogen Inc., has been downgraded by financial analysts due to setbacks in its pipeline and a decline in Leqembi sales. This downgrade has caused concerns among investors and analysts alike.

In a recent development, XTX Topco Ltd, a leading trading firm, has purchased 6,955 shares of Biogen Inc., indicating their confidence in the company's future performance. This move also reflects the potential growth prospects that Biogen Inc. holds in the market.

Several leading brokerages have set a target price of $257.20 for Biogen Inc. (NASDAQ:BIIB), suggesting a positive outlook for the company's stock. Investors are advised to consult professionals from Stocks Prognosis for expert guidance on predicting the future movement of Biogen Inc.'s shares.

Despite facing setbacks in its pipeline and a slowdown in Leqembi sales, Biogen Inc. remains a prominent player in the pharmaceutical industry. Investors are recommended to stay informed about the latest developments in the company and seek expert advice to make informed decisions regarding their investment in Biogen Inc.
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BIIBAugust 15, 2025Biogen Inc. Hits 9.44% Profit Target Forecasts on QuantWave Platform  ~1 min.

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BIIBApril 4, 2025Biogen Inc. Stock Hits QuantWave Forecast Target with 11.12% Profit  ~2 min.

Biogen Inc. stock recently achieved the price target forecast set by QuantWave, signaling a successful prediction for investors....


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Biogen Inc. has successfully reached the price target forecast set by QuantWave, resulting in a profit of 12.72%. The forecast signal was issued on March 21, 2025, when the stock was priced at 140.9 $....


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BIIBDecember 15, 2024Inspire Trust Co. N.A. Grows Stock Holdings in Biogen Inc. NASDAQ:BIIB  ~1 min.

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BIIBFebruary 22, 2025We Think Biogens NASDAQ:BIIB Healthy Earnings Might Be Conservative  ~2 min.

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BIIBDecember 14, 2024"Biogen Inc. Faces Challenges as Financials Show Mixed Results"  ~1 min.

Biogen Inc. (NASDAQ:BIIB) is experiencing struggles with its stock price as a result of its mixed financials. Inspire Trust Co. N.A. has recently increased its stock holdings in the company....


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