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Biogen Announces Changes to Its Board of Directors

Monday, June 12, 2023 BiopharmaWatch Research 1 min read
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Key Takeaway: Biogen Announces Changes to Its Board of Directors
Price reaction · baseline $308.88 (2023-06-08 close) · clean, no other BIIB news in the window
day 0 close
+1.5%

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+34%
120-day peak, hindsight
Typical move
1.8%
average across 15 past catalysts
Lead asset
Alefacept
Phase 3 · Chronic Plaque Psoriasis

Full Press Release Details

Biogen Announces Changes to Its Board of Directors.
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Tags: BIIB Viatris Investor Conferences Healthcare investor conferences healthcare conferences UBS Global Healthcare
Last updated: Jun 12, 2023

Biotech snapshot

Cash runway
$3878M liquidity · $0M/mo burn
Low dilution risk
Lead asset
AlefaceptPhase 3
Chronic Plaque Psoriasis →

Catalyst track record

+34%
best trade around BIIB's most recent catalyst

Peak hindsight return over a 120-day window, across 15 tracked FDA/PDUFA catalysts for BIIB.

See every catalyst's timing & PoA →