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BIIB

Biogendistress 2/10 · well-funded / low risk
$197.600%today-9% from 52w high
biogen.com7,500 employeesFounded 1978Cambridge, MADrug Manufacturers - General
Lead: Muscular Atrophy
Revenue
$2478M
Liquidity
$3383M
Runway
Shares 1y
+1%

Price & events

+13.7% over 6M
$172$194$217Jan 26Apr 26Jul 263.9Mfinancing: 8-K material_agreement (2026-05-14)financing: 8-K material_agreement (2026-03-31)rating: Guggenheim: Buy (2026-07-21)rating: B of A Securities: Neutral (2026-07-21)rating: Truist Securities: Hold → Buy (2026-07-13)rating: Morgan Stanley: Equal-Weight (2026-07-08)rating: RBC Capital: Outperform (2026-07-07)rating: Needham: Buy (2026-06-29)rating: Morgan Stanley: Equal-Weight (2026-06-18)rating: Mizuho: Outperform (2026-06-15)
CatalystRating changeDilutionFinancingdashed = today
-0.1%
1D
-5.4%
1W
+0.2%
1M
+5.2%
3M
+15.2%
6M
+50.9%
1Y
-11.9%
2Y
-39.3%
5Y
-18.7%
All

Overview

Market Cap
$29.17B
Enterprise Value
$32.08B
Volume
35.70K
52 Week Range
$123 – $217
Total Shares
147.64M
Float Shares
147.18M
Short %
4.32%
% Held by Insiders
0.19%
% Held by Institutions
96.31%
RVOL
0.03x
Beta
0.16

Pipeline stages · 8 programs

Nusinersen
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-07-31
Litifilimab
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-09-27
Felzartamab
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2026-12-01
BIIB017 (peginterferon beta-1a), Interferon beta type 1a
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2027-05-20
Tofersen
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2027-08-07
Omaveloxolone
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2027-11-16
Salanersen
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2028-06-23
Diroximel Fumarate, Dimethyl Fumarate, Fingolimod
Preclin
Ph1
Ph2
Ph3
Filed
PDUFA
Approved
next 2034-07-28

Pipeline · 19 trials · 19 upcoming

ReadoutPhaseDrugIndicationEnrollStatus
2026-07-31
Estimated 50%
readout ~2026-10-14
Phase 3NusinersenMuscular Atrophy, Spinalactive not recruiting
2026-09-27
Estimated 50%
readout ~2026-12-11
Phase 3LitifilimabLupus Erythematosus, Systemicactive not recruiting
2026-09-30
Estimated 50%
readout ~2026-12-14
Phase 3LitifilimabLupus Erythematosus, Systemicactive not recruiting
2026-10-20
Estimated 50%
readout ~2027-01-03
Phase 2/3LitifilimabSubacute Cutaneous Lupus Erythematosus, Chronic Cutaneous Lupus Erythematosusactive not recruiting
2026-12-01
Estimated 50%
readout ~2027-02-14
Phase 3FelzartamabAntibody-mediated Rejectionactive not recruiting
Show all 19 trials · 14 more ▾
ReadoutPhaseDrugIndicationEnrollStatus
2027-05-20
Estimated 50%
readout ~2027-08-03
Phase 3BIIB017 (peginterferon beta-1a), Interferon beta type 1aMultiple Sclerosis, Relapsing-Remittingactive not recruiting
2027-05-31
Estimated 50%
readout ~2027-08-14
Phase 3FelzartamabImmunoglobulin A Nephropathy (IgAN)recruiting
2027-08-07
Estimated 50%
readout ~2027-10-21
Phase 3TofersenAmyotrophic Lateral Sclerosis Associated With a SOD1 Gene Mutationactive not recruiting
2027-09-24
Estimated 50%
readout ~2027-12-08
Phase 3NusinersenSpinal Muscular Atrophyactive not recruiting
2027-11-16
Estimated 50%
readout ~2028-01-30
Phase 3OmaveloxoloneFriedreich Ataxiarecruiting
2028-02-10
Estimated 50%
readout ~2028-03-26
Phase 2FelzartamabMicrovascular Inflammationrecruiting
2028-06-23
Estimated 50%
readout ~2028-09-06
Phase 3SalanersenSpinal Muscular Atrophyrecruiting
2028-11-28
Estimated 50%
readout ~2029-02-11
Phase 3SalanersenMuscular Atrophy, Spinalrecruiting
2028-12-29
Estimated 50%
readout ~2029-03-14
Phase 3Felzartamab, Tacrolimus, Standard of Care ISTPrimary Membranous Nephropathyrecruiting
2029-06-26
Estimated 50%
readout ~2029-09-09
Phase 3BIIB059 (litifilimab)Subacute Cutaneous Lupus Erythematosus, Chronic Cutaneous Lupus Erythematosusenrolling by invitation
2029-07-27
Estimated 50%
readout ~2029-10-10
Phase 3SalanersenMuscular Atrophy, Spinalnot yet recruiting
2030-03-29
Estimated 50%
readout ~2030-06-12
Phase 3LitifilimabSystemic Lupus Erythematosus (SLE)enrolling by invitation
2031-05-28
Estimated 50%
readout ~2031-08-11
Phase 3FelzartamabAntibody-mediated Rejection, Microvascular Inflammationenrolling by invitation
2034-07-28
Estimated 50%
readout ~2034-10-11
Phase 3Diroximel Fumarate, Dimethyl Fumarate, FingolimodRelapsing Forms of Multiple Sclerosisnot yet recruiting

Catalyst news & presentations · 4

Approved drugs (8)

  • ZURZUVAEZURANOLONE2023 · Prescription
  • SKYCLARYSOMAVELOXOLONE2023 · Prescription
  • ADUHELMADUCANUMAB-AVWA2021 · Prescription
  • VUMERITYDIROXIMEL FUMARATE2019 · Prescription
  • SPINRAZANUSINERSEN SODIUM2016 · Prescription
  • ZINBRYTADACLIZUMAB2016 · Prescription
  • TECFIDERADIMETHYL FUMARATE2013 · Prescription
  • AVONEXINTERFERON BETA-1A1996 · Prescription

Capital structure — dilution & financing

Shares out: 147,637,117 · 0 offerings/1y · 0 PIPEs
  • 2026-05-148-Kmaterial_agreement
  • 2026-03-318-Kmaterial_agreement
  • 2025-05-08424B2offering
  • 2025-05-06424B2offering
  • 2025-05-06FWPoffering
  • 2025-05-01S-3ASRshelf_registration
  • 2024-11-12SC 13G/Astrategic_stake
🔒 Positioning — Pro
Short interest / days-to-cover, insider buys & sells.
Upgrade to Pro
🔒 Top holders — Pro
Institutional ownership + quarter-over-quarter accumulation/trimming.
Upgrade to Pro

Wall St ratings

buy · target $226 (+15% upside) · 30 analysts
  • 2026-07-21GuggenheimBuy
  • 2026-07-21B of A SecuritiesNeutral
  • 2026-07-13Truist SecuritiesHold → Buy
  • 2026-07-08Morgan StanleyEqual-Weight
  • 2026-07-07RBC CapitalOutperform
  • 2026-06-29NeedhamBuy

Competitors — Muscular Atrophy

  • NVSEFNOVARTIS AG$292.0B · D3
  • NVSNOVARTIS AG$291.7B · D1
  • ARGXARGENX SE$54.3B · D0
  • SRRKScholar Rock Holding Corp$5.7B · D2
  • ATXIAVENUE THERAPEUTICS, INC.$889,641 · D2

Not financial advice. Data: ClinicalTrials.gov, SEC EDGAR, FINRA, Nasdaq, Yahoo.