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Biologics License Application for Subcutaneous Formulation of “LEQEMBI®” (lecanemab) for the Treatment of Early Alzheimer’s Disease Accepted in China

Key Takeaway: Eisai and Biogen have announced that the Biologics License Application for the subcutaneous formulation of LEQEMBI (lecanemab) has been accepted by China's National Medical Products Administration. If approved, this treatment will allow patients to administer their doses at home, potentially improving access and reducing healthcare resource demands. This marks a significant step in Alzheimer's treatment options in China.
Price reaction · baseline $174.63 (2026-01-05 close) · hit pre-market · clean, no other BIIB news in the window
day 0 close · peak
+4.6%

Market Sentiment Analysis

POSITIVE FACTORS

  • Potential for at-home administration of treatment.
  • First anti-amyloid treatment in China for Alzheimer's.
  • Could reduce healthcare resource needs associated with IV dosing.
  • Addresses a significant patient population with Alzheimer's disease.

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

If approved, lecanemab may become the first and only anti-amyloid treatment in China to offer an at-home injection from the initiation of treatment for this progressive, relentless disease
TOKYO and CAMBRIDGE, Mass., Jan. 05, 2026 (GLOBE NEWSWIRE) -- Eisai Co., Ltd. (Headquarters: Tokyo, CEO: Haruo Naito, “Eisai”) and Biogen Inc. (Nasdaq: BIIB, Corporate headquarters: Cambridge, Massachusetts, CEO: Christopher A. Viehbacher, “Biogen”) announced today that the Biologics License Application (BLA) for the subcutaneous formulation (subcutaneous autoinjector: SC-AI) of “LEQEMBI®” (brand name in China: “乐意保®”, generic name: lecanemab), an anti-amyloid beta (Aβ) protofibril antibody, has been accepted by the National Medical Products Administration (NMPA) in China.
If approved, the SC-AI of 500 mg (two 250 mg injections) could be used to administer a once-weekly dose at home from the initiation of treatment, as an alternative to the current IV administration in the hospital setting. The potential approval of SC-AI would expand the option for patients and care partners to receive LEQEMBI treatment at home. The injection time for each autoinjector (250 mg injection) is approximately 15 seconds. The SC formulation also has the potential to reduce healthcare resources associated with IV dosing, such as preparation for infusion and nurse monitoring, while streamlining the overall AD treatment care pathway.
Eisai estimates that there were 17 million patients with MCI or mild dementia due to AD in China in 2024, which is expected to increase with the aging of the population.
Eisai serves as the lead of LEQEMBI development and regulatory submissions globally with Eisai and Biogen co-commercializing and co-promoting the product and Eisai having final decision-making authority. Eisai will distribute the product in China and will conduct information provision activities through specialized Medical Representatives.
*Protofibrils are believed to contribute to the brain injury that occurs with AD and are considered to be the most toxic form of Aβ, having a primary role in the cognitive decline associated with this progressive, debilitating condition.1Protofibrils cause injury to neurons in the brain, which in turn, can negatively impact cognitive function via multiple mechanisms, not only increasing the development of insoluble Aβ plaques but also increasing direct damage to brain cell membranes and the connections that transmit signals between nerve cells or nerve cells and other cells. It is believed the reduction of protofibrils may prevent the progression of AD by reducing damage to neurons in the brain and cognitive dysfunction.2
MEDIA CONTACTS
Eisai Co., Ltd.Public Relations DepartmentTEL: +81 (0)3-3817-5120 Biogen Inc.Madeleine Shin+1-781-464-3260public.affairs@biogen.com
Eisai Europe, Ltd.EMEA Communications Department+44 (0) 797 487 9419Emea-comms@eisai.net
Eisai Inc. (U.S.)Libby Holman+1-201-753-1945Libby_Holman@Eisai.com
INVESTOR CONTACTS
Eisai Co., Ltd.Investor Relations DepartmentTEL: +81 (0) 3-3817-5122 Biogen Inc.Tim Power+ 1-781-464-2442IR@biogen.com

Notes to Editors

References

Frequently Asked Questions

What is LEQEMBI?

LEQEMBI (lecanemab) is an anti-amyloid beta protofibril antibody used for Alzheimer's treatment.

What is the significance of the BLA acceptance?

The acceptance of the BLA could lead to the first at-home injection treatment for Alzheimer's in China.

How will patients administer LEQEMBI?

Patients will be able to administer LEQEMBI via a subcutaneous autoinjector at home.

What are the benefits of the subcutaneous formulation?

It may reduce healthcare resource needs and allow for more convenient treatment at home.

Last updated: Jan 6, 2026