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BIIB US​
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BIIB US​
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Biogen Inc.(BIIB US)

$253.40+2.921.17%Ext:$250.28-3.121.23%(After Hours · 00:36:31 UTC)
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ProfileEntity Structure

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SEC Filings

Biogen Inc.(BIIB US)

$253.40+2.921.17%Ext:$250.28-3.121.23%(After Hours · 00:36:31 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Biogen Inc. — Company Profile

Biogen Inc. is a leading biotechnology firm dedicated to the discovery, development, production, and distribution of treatments for complex neurological and neurodegenerative conditions. Its established portfolio includes a range of medications addressing multiple sclerosis (MS), such as TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA. For spinal muscular atrophy (SMA), Biogen provides SPINRAZA, while FUMADERM is available for the treatment of plaque psoriasis. Among its other key offerings is ADUHELM, specifically developed for Alzheimer's disease. The company also markets a selection of biosimilar drugs, including BENEPALI (an etanercept biosimilar akin to ENBREL), IMRALDI (an adalimumab biosimilar comparable to HUMIRA), and FLIXABI (an infliximab biosimilar referencing REMICADE). Further extending its therapeutic reach, Biogen supplies RITUXAN, prescribed for conditions like non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, certain types of ANCA-associated vasculitis, and pemphigus vulgaris. RITUXAN HYCELA targets non-Hodgkin's lymphoma and CLL, and GAZYVA is utilized for CLL and follicular lymphoma. OCREVUS addresses both relapsing and primary progressive forms of MS, complementing the company's broader efforts in anti-CD20 therapies. The company maintains a robust research and development pipeline, featuring numerous investigational therapies. These candidates are designed to tackle a wide spectrum of conditions, including multiple sclerosis and neuroimmunological disorders (e.g., BIIB135, BIIB061, BIIB091, BIIB107), Alzheimer's disease and other forms of dementia (e.g., Aducanumab, Lecanemab, BIIB076, BIIB080), neuromuscular disorders (e.g., BIIB067, BIIB078, BIIB105, BIIB100, BIIB110), Parkinson's disease and related movement disorders (e.g., BIIB124, BIIB094, BIIB118, BIIB101, BIIB122), neuropsychiatric conditions (e.g., BIIB125, BIIB104), immunology-related illnesses (e.g., Dapirolizumab pegol, BIIB059), acute neurological events (e.g., BIIB093, BIIB131), and neuropathic pain (e.g., BIIB074). Additionally, several biosimilar candidates, such as BYOOVIZ, BIIB800, and SB15, are progressing through various developmental stages. Biogen actively engages in strategic collaborations and licensing arrangements with various partners, including Acorda Therapeutics, Inc., Alkermes Pharma Ireland Limited, Denali Therapeutics Inc., Eisai Co., Ltd., Genentech, Inc., Neurimmune SubOne AG, Ionis Pharmaceuticals, Inc., Samsung Bioepis Co., Ltd., Sangamo Therapeutics, Inc., and Sage Therapeutics, Inc. Established in 1978, Biogen Inc. maintains its corporate headquarters in Cambridge, Massachusetts.

Sector
Materials
Industry
Paper & Forest Products
Exchange
UQ
CEO
Christopher A. Viehbacher
Headquarters
Cambridge, MA, US
IPO Date

Biogen Inc. — Company Profile

Biogen Inc. is a leading biotechnology firm dedicated to the discovery, development, production, and distribution of treatments for complex neurological and neurodegenerative conditions. Its established portfolio includes a range of medications addressing multiple sclerosis (MS), such as TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA. For spinal muscular atrophy (SMA), Biogen provides SPINRAZA, while FUMADERM is available for the treatment of plaque psoriasis. Among its other key offerings is ADUHELM, specifically developed for Alzheimer's disease. The company also markets a selection of biosimilar drugs, including BENEPALI (an etanercept biosimilar akin to ENBREL), IMRALDI (an adalimumab biosimilar comparable to HUMIRA), and FLIXABI (an infliximab biosimilar referencing REMICADE). Further extending its therapeutic reach, Biogen supplies RITUXAN, prescribed for conditions like non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, certain types of ANCA-associated vasculitis, and pemphigus vulgaris. RITUXAN HYCELA targets non-Hodgkin's lymphoma and CLL, and GAZYVA is utilized for CLL and follicular lymphoma. OCREVUS addresses both relapsing and primary progressive forms of MS, complementing the company's broader efforts in anti-CD20 therapies. The company maintains a robust research and development pipeline, featuring numerous investigational therapies. These candidates are designed to tackle a wide spectrum of conditions, including multiple sclerosis and neuroimmunological disorders (e.g., BIIB135, BIIB061, BIIB091, BIIB107), Alzheimer's disease and other forms of dementia (e.g., Aducanumab, Lecanemab, BIIB076, BIIB080), neuromuscular disorders (e.g., BIIB067, BIIB078, BIIB105, BIIB100, BIIB110), Parkinson's disease and related movement disorders (e.g., BIIB124, BIIB094, BIIB118, BIIB101, BIIB122), neuropsychiatric conditions (e.g., BIIB125, BIIB104), immunology-related illnesses (e.g., Dapirolizumab pegol, BIIB059), acute neurological events (e.g., BIIB093, BIIB131), and neuropathic pain (e.g., BIIB074). Additionally, several biosimilar candidates, such as BYOOVIZ, BIIB800, and SB15, are progressing through various developmental stages. Biogen actively engages in strategic collaborations and licensing arrangements with various partners, including Acorda Therapeutics, Inc., Alkermes Pharma Ireland Limited, Denali Therapeutics Inc., Eisai Co., Ltd., Genentech, Inc., Neurimmune SubOne AG, Ionis Pharmaceuticals, Inc., Samsung Bioepis Co., Ltd., Sangamo Therapeutics, Inc., and Sage Therapeutics, Inc. Established in 1978, Biogen Inc. maintains its corporate headquarters in Cambridge, Massachusetts.

Sector
Materials
Industry
Paper & Forest Products
Exchange
UQ
CEO
Christopher A. Viehbacher
Headquarters
Cambridge, MA, US
IPO Date
Sep 17, 1991
Employees
7,500
Website
www.biogen.com

Key Metrics

Price
$219.88
Market Cap
$32.49B
Revenue (TTM)
$2.48B
Net Income (TTM)
$319.50M
EPS (TTM)
2.17
P/E (TTM)
23.67
P/B (TTM)
1.74
Dividend Yield
0.00%
ROE (TTM)
1.71%
ROA (TTM)
1.08%
Operating Margin
16.04%
Beta
0.29

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Biogen Inc. is a leading biotechnology firm dedicated to the discovery, development, production, and distribution of treatments for complex neurological and neurodegenerative conditions. Its established portfolio includes a range of medications addressing multiple sclerosis (MS), such as TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA. For spinal muscular atrophy (SMA), Biogen provides SPINRAZA, while FUMADERM is available for the treatment of plaque psoriasis. Among its other key offerings is ADUHELM, specifically developed for Alzheimer's disease. The company also markets a selection of biosimilar drugs, including BENEPALI (an etanercept biosimilar akin to ENBREL), IMRALDI (an adalimumab biosimilar comparable to HUMIRA), and FLIXABI (an infliximab biosimilar referencing REMICADE). Further extending its therapeutic reach, Biogen supplies RITUXAN, prescribed for conditions like non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, certain types of ANCA-associated vasculitis, and pemphigus vulgaris. RITUXAN HYCELA targets non-Hodgkin's lymphoma and CLL, and GAZYVA is utilized for CLL and follicular lymphoma. OCREVUS addresses both relapsing and primary progressive forms of MS, complementing the company's broader efforts in anti-CD20 therapies. The company maintains a robust research and development pipeline, featuring numerous investigational therapies. These candidates are designed to tackle a wide spectrum of conditions, including multiple sclerosis and neuroimmunological disorders (e.g., BIIB135, BIIB061, BIIB091, BIIB107), Alzheimer's disease and other forms of dementia (e.g., Aducanumab, Lecanemab, BIIB076, BIIB080), neuromuscular disorders (e.g., BIIB067, BIIB078, BIIB105, BIIB100, BIIB110), Parkinson's disease and related movement disorders (e.g., BIIB124, BIIB094, BIIB118, BIIB101, BIIB122), neuropsychiatric conditions (e.g., BIIB125, BIIB104), immunology-related illnesses (e.g., Dapirolizumab pegol, BIIB059), acute neurological events (e.g., BIIB093, BIIB131), and neuropathic pain (e.g., BIIB074). Additionally, several biosimilar candidates, such as BYOOVIZ, BIIB800, and SB15, are progressing through various developmental stages. Biogen actively engages in strategic collaborations and licensing arrangements with various partners, including Acorda Therapeutics, Inc., Alkermes Pharma Ireland Limited, Denali Therapeutics Inc., Eisai Co., Ltd., Genentech, Inc., Neurimmune SubOne AG, Ionis Pharmaceuticals, Inc., Samsung Bioepis Co., Ltd., Sangamo Therapeutics, Inc., and Sage Therapeutics, Inc. Established in 1978, Biogen Inc. maintains its corporate headquarters in Cambridge, Massachusetts.

Website
www.biogen.com
Location
Cambridge, MA, US
Phone617 679 2000
Employees7,500
CEOChristopher A. Viehbacher
Sector
Materials
Industry
Paper & Forest Products
IPO DateSep 17, 1991

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(2.7K)

Expand
  • SC 13GBIOGEN INC.10 Nov
  • Form 4Grogan Jane2 Nov
  • 10-QQ3ended 30 Sept 202628 Oct
  • 8-KResults of Operations and Financial Condition28 Oct
  • Form 4Godbout Sean5 Oct
  • Form 4Parini Michael3 Sep
  • Form 3Parini Michael12 Aug
  • SC 13G/ABIOGEN INC.6 Aug
  • Form 4Minor Lloyd5 Aug
  • Form 144Minor Lloyd4 Aug
  • Form 144Minor Lloyd3 Aug
  • 10-QQ2ended 30 Jun 202629 Jul
  • 8-KResults of Operations and Financial Condition29 Jul
  • 8-KResults of Operations and Financial Condition1 Jul
  • Form 4HAWKINS WILLIAM A11 Jun
  • Form 4SHERWIN STEPHEN A11 Jun
  • Form 4Rowinsky Eric K11 Jun
  • Form 4Mantas Jesus B11 Jun
  • Form 4LANGER SUSAN11 Jun
  • Form 4Patolawala Monish D11 Jun

News

  • Biogen Inc. $BIIB Stock: Allspring Global Investments Holdings LLC Boosts Holdings03:55AM
  • LEQEMBI® Pen (Subcutaneous Formulation of LEQEMBI®) Now Available in Japan for Patients with Early Alzheimer's Disease12 Nov
  • Two Neighbors Will Start Leqembi, Listed at $28,270 a Year. One With Medigap Plan G Will Owe $0 in Coinsurance After the Part B Deductible, While the Other Will Owe 20% of Medicare-Approved Infusion Costs10 Nov
  • Biogen Inc. $BIIB Stock: Alpha Family Trust Boosts Holdings10 Nov
  • ACR 2026: Dapirolizumab Pegol Associated with Greater Treatment Response Rates Versus Placebo in SLE Using Novel Treatment Response Measure9 Nov
  • Biogen Provides Update on Private Payer Coverage for ZURZUVAE™ (zuranolone)5 Nov
  • These Analysts Increase Their Forecasts On Biogen After Upbeat Q3 Results29 Oct
  • Biogen to Present New Data Across Alzheimer's Disease Portfolio at CTAD 202629 Oct
  • Biogen Q3 Earnings Call Highlights28 Oct
  • Biogen Inc. (BIIB) Q3 2026 Earnings Call Transcript28 Oct
  • BIIB's Q3 Earnings Beat, New Drugs Aid Sales, '26 EPS View Tightened28 Oct
  • Big Day for Econ Data, Hyperscaler Earnings28 Oct
  • Biogen (BIIB) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates28 Oct
  • Biogen Inc. (BIIB) Tops Q3 Earnings and Revenue Estimates28 Oct
  • Biogen Swings to Loss, Logs Higher Sales28 Oct
  • Biogen Q3 Preview: Will Growth Products Drive an Earnings Beat?26 Oct
  • Baron Health Care Fund: Q3 2026 New Positions And Exits26 Oct
  • Biogen (BIIB) Surges 5.3%: Is This an Indication of Further Gains?23 Oct
  • Stoke Therapeutics to Host Webcast and Conference Call to Discuss Third Quarter 2026 Business and Financial Updates22 Oct
  • Biogen Q3 Earnings Preview: Grounds For Optimism, But Disappointment The Norm21 Oct

Mentions in Filings

  • … te)¹˒²˒³ ~$340m annualized run-rate (Q3 2026 × 4)¹˒³ $17,114 US list price per course of 14 daily administrations (2026)² Abbreviations: PPD = Postpartum depression; y/y = Year over year. Notes: Net revenue as reported by <strong>Biogen</strong> (US and ex-US). GH estimates: run-rate = Q3 2026 net revenue ($84.4m) × 4; reach = estimated Q3 2026 US courses (US net revenue of $83.4m ÷ net revenue per course of $10,300–11,100) ÷ one quarter of the ~500k US women who …
    GH Research PLCBiogen Inc.·EX-99.4 - 6-K - EXHIBIT 99.4·Q3 26·08:22AM
  • … ant market penetration. We compete with a variety of multinational biopharmaceutical companies, specialized biotechnology companies and emerging biotechnology companies. In IgA nephropathy (“IgAN”), competitors include <strong>Biogen Inc.</strong>, Biohaven, Ltd., Boulevard Bio, Inc., Calliditas Therapeutics AB, Climb Bio, Inc., Novartis AG, Otsuka Pharmaceutical Co., Ltd., Roche, Takeda Pharmaceutical Company Limited, Travere Therapeutics, Inc., Vera Therapeutic …
    Jade Biosciences, Inc.Biogen Inc.·10-Q - Quarterly report Q3·Q3 26·07:29AM
  • … , Mayzent, Gilenya); Teva (Austedo, Ajovy, Uzedy, Copaxone, Olanzapine (LAI)); Eli Lilly (Kisunla, Emgality, Remternetug, Prozac); Eisai (Leqembi, Dayvigo, Aricept, Fycompa, Methycobal); Axsome (Auvelity, Sunosi, AXS-12); <strong>Biogen</strong> (Spinraza, Tysabri, Skyclarys, Vumerity, Zurzuvae, Avonex, Qalsody); Neurocrine (Ingrezza, TAK-653); Takeda (Orzeyful, Vyvanse, Trintellix, Intuniv). Praxis consensus assuming approvals divides each asset's consensus by i …
    Praxis Precision Medicines, Inc.Biogen Inc.·EX-99.1 - 8-K - Regulation FD Disclosure·Q4 26·12 Nov
  • … herapeutic candidates, as well as more generally with other companies developing alternative scientific and technological approaches. Our competitors in the different indications include but are not limited to: Arrowhead, <strong>Biogen</strong>, Novartis AG, Otsuka Pharmaceutical Co., Ltd., RemeGen Co., Ltd., Takeda Pharmaceutical Co., Ltd., Vera Therapeutics, Inc., and Vertex Pharmaceuticals Inc. in renal indications; AstraZeneca PLC (US), Biogen Inc., Novartis …
    ADARx Pharmaceuticals, Inc.Biogen Inc.·10-Q - Quarterly report Q3·Q3 26·12 Nov
  • … y 1 FDA BOXED WARNING ~13% ARIA-E (brain swelling)(2) ~17% ARIA-H (microbleeds)(2) FDA BOXED WARNING ~16% ARIA-E (brain swelling)(3) ~25% ARIA-H (microbleeds)(3) 1. 2026: annualized Q2 2026 in-market sales (Leqembi $184M, <strong>Biogen</strong>; Kisunla $167M, Lilly). 2033E: GlobalData, October 2026. CAGR 2026–2033E calculated by ProMIS. 2. Leqembi Prescribing Information. 3. Kisunla Prescribing Information, July 2025; Eli Lilly press release, July 9, 2025; Phar …
    ProMIS Neurosciences Inc.Biogen Inc.·EX-99.1 - 8-K - Regulation FD Disclosure·Q4 26·12 Nov
  • … the primary endpoints of overall survival and progression-free survival compared to the combination therapy of Lenvima and pembrolizumab. ○ AD treatment drug "Rekenbi" (generic name: lecanemab, jointly developed with <strong>Biogen Inc.</strong> (USA)) • For applications related to early AD, it has received approval in 53 countries and regions, including Japan, the United States, China, Europe, and Asia, and applications are pending in 6 other countries. Rega …
    Eisai Co., Ltd.Biogen Inc.·Interim Report - Semi-Annual Report (2026.04.01-2027.03.31)·12 Nov·11 Nov

Key Stats

Trading

Px/Chg 1D$219.88 / -1.32%
Prev Close$220.83
% of 52Wk H94.11%
Avg Volume1.13M
Beta0.29
Mkt Cap32.49B
FD Mkt Cap31.40B

Float

Shrs Out/Float147.75M / 146.43M
Short Float0.04%
Days to Cover4.14
Stock Repurchased$0.00

Current Valuation

EV35.67B
EV/EBITDA13.20
EV/Sales3.62
P/B1.74
P/S3.30
FCF Yield2.14%
ROE1.71%
ROA1.08%
Current Ratio3.06

Estimates

P/E23.67
Est P/E0.00
Est EPS3.05
Est PEG0.00

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-80.9613.9724.0710.81-555.70102.04
Price / Sales6.764.192.841.8211.8013.16
Price / Book Value1.873.181.891.061.471.75
Price / Free Cash Flow32.4137.2222.627.0148.3946.80
ENTERPRISE VALUE METRICS
Enterprise Value33,704.845,762.534,241.421,896.730,841.335,781.9
Enterprise Value / Sales7.644.503.482.2613.5314.44
Enterprise Value / EBITDA48.9312.9414.417.31145.3464.63
Enterprise Value / EBIT-17.2715.1618.199.43-214.9285.79

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-2.8%10,981.710,173.49,835.69,675.99,810.6
Gross Income-6%8,872.07,895.17,302.27,365.56,913.6
EBITDA-5.7%3,923.43,536.92,377.02,995.73,100.6
EBIT-10.9%3,435.73,018.51,882.22,322.52,165.2
Net Income-4.5%1,556.13,046.91,161.11,632.21,293.4
EPS (Diluted)-4%10.4020.877.9711.198.83
BALANCE SHEET
Cash & ST Inv8.7%3,802.54,892.81,049.92,375.03,815.7
Total Assets5.4%23,877.324,554.126,844.828,049.329,439.5
Total Liabilities-3.5%12,917.611,165.712,045.411,333.311,182.7
Total Shareholder Equity13.8%10,896.213,397.914,799.416,716.018,256.8
CASH FLOW
Net Operating Cash Flow-11.8%3,639.91,384.31,547.22,875.52,204.6
Cap Ex-12.1%-258.1-240.3-311.4-359.8-153.8
Free Cash Flow-11.8%3,381.81,144.01,235.82,515.72,050.8

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)250.87
Basic Shares147.75
Market Cap37,067.0
Diluted Shares147.80
Fully Diluted Shares Outstanding147.80
Fully Diluted Market Cap37,078.6
+Consolidated Debt7,801.3
−In-the-Money Convertible Debt—
+Capital Leases109.3
+Operating Leases—
−Cash & Equivalents-1,303.9
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value43,564.4

Segment data

Revenue

by Products and services

  • Ms Product Revenues42%
  • Tysabri Product17%
  • Spinraza16%
  • Fumarate15%
  • Interferon10%

Revenue

by Geography

  • Non-us60%
  • United States40%

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Sep 17, 1991
Employees
7,500
Website
www.biogen.com

Key Metrics

Price
$219.88
Market Cap
$32.49B
Revenue (TTM)
$2.48B
Net Income (TTM)
$319.50M
EPS (TTM)
2.17
P/E (TTM)
23.67
P/B (TTM)
1.74
Dividend Yield
0.00%
ROE (TTM)
1.71%
ROA (TTM)
1.08%
Operating Margin
16.04%
Beta
0.29

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Biogen Inc. is a leading biotechnology firm dedicated to the discovery, development, production, and distribution of treatments for complex neurological and neurodegenerative conditions. Its established portfolio includes a range of medications addressing multiple sclerosis (MS), such as TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA. For spinal muscular atrophy (SMA), Biogen provides SPINRAZA, while FUMADERM is available for the treatment of plaque psoriasis. Among its other key offerings is ADUHELM, specifically developed for Alzheimer's disease. The company also markets a selection of biosimilar drugs, including BENEPALI (an etanercept biosimilar akin to ENBREL), IMRALDI (an adalimumab biosimilar comparable to HUMIRA), and FLIXABI (an infliximab biosimilar referencing REMICADE). Further extending its therapeutic reach, Biogen supplies RITUXAN, prescribed for conditions like non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, certain types of ANCA-associated vasculitis, and pemphigus vulgaris. RITUXAN HYCELA targets non-Hodgkin's lymphoma and CLL, and GAZYVA is utilized for CLL and follicular lymphoma. OCREVUS addresses both relapsing and primary progressive forms of MS, complementing the company's broader efforts in anti-CD20 therapies. The company maintains a robust research and development pipeline, featuring numerous investigational therapies. These candidates are designed to tackle a wide spectrum of conditions, including multiple sclerosis and neuroimmunological disorders (e.g., BIIB135, BIIB061, BIIB091, BIIB107), Alzheimer's disease and other forms of dementia (e.g., Aducanumab, Lecanemab, BIIB076, BIIB080), neuromuscular disorders (e.g., BIIB067, BIIB078, BIIB105, BIIB100, BIIB110), Parkinson's disease and related movement disorders (e.g., BIIB124, BIIB094, BIIB118, BIIB101, BIIB122), neuropsychiatric conditions (e.g., BIIB125, BIIB104), immunology-related illnesses (e.g., Dapirolizumab pegol, BIIB059), acute neurological events (e.g., BIIB093, BIIB131), and neuropathic pain (e.g., BIIB074). Additionally, several biosimilar candidates, such as BYOOVIZ, BIIB800, and SB15, are progressing through various developmental stages. Biogen actively engages in strategic collaborations and licensing arrangements with various partners, including Acorda Therapeutics, Inc., Alkermes Pharma Ireland Limited, Denali Therapeutics Inc., Eisai Co., Ltd., Genentech, Inc., Neurimmune SubOne AG, Ionis Pharmaceuticals, Inc., Samsung Bioepis Co., Ltd., Sangamo Therapeutics, Inc., and Sage Therapeutics, Inc. Established in 1978, Biogen Inc. maintains its corporate headquarters in Cambridge, Massachusetts.

Website
www.biogen.com
Location
Cambridge, MA, US
Phone617 679 2000
Employees7,500
CEOChristopher A. Viehbacher
Sector
Materials
Industry
Paper & Forest Products
IPO DateSep 17, 1991

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(2.7K)

Expand
  • SC 13GBIOGEN INC.10 Nov
  • Form 4Grogan Jane2 Nov
  • 10-QQ3ended 30 Sept 202628 Oct
  • 8-KResults of Operations and Financial Condition28 Oct
  • Form 4Godbout Sean5 Oct
  • Form 4Parini Michael3 Sep
  • Form 3Parini Michael12 Aug
  • SC 13G/ABIOGEN INC.6 Aug
  • Form 4Minor Lloyd5 Aug
  • Form 144Minor Lloyd4 Aug
  • Form 144Minor Lloyd3 Aug
  • 10-QQ2ended 30 Jun 202629 Jul
  • 8-KResults of Operations and Financial Condition29 Jul
  • 8-KResults of Operations and Financial Condition1 Jul
  • Form 4HAWKINS WILLIAM A11 Jun
  • Form 4SHERWIN STEPHEN A11 Jun
  • Form 4Rowinsky Eric K11 Jun
  • Form 4Mantas Jesus B11 Jun
  • Form 4LANGER SUSAN11 Jun
  • Form 4Patolawala Monish D11 Jun

News

  • Biogen Inc. $BIIB Stock: Allspring Global Investments Holdings LLC Boosts Holdings03:55AM
  • LEQEMBI® Pen (Subcutaneous Formulation of LEQEMBI®) Now Available in Japan for Patients with Early Alzheimer's Disease12 Nov
  • Two Neighbors Will Start Leqembi, Listed at $28,270 a Year. One With Medigap Plan G Will Owe $0 in Coinsurance After the Part B Deductible, While the Other Will Owe 20% of Medicare-Approved Infusion Costs10 Nov
  • Biogen Inc. $BIIB Stock: Alpha Family Trust Boosts Holdings10 Nov
  • ACR 2026: Dapirolizumab Pegol Associated with Greater Treatment Response Rates Versus Placebo in SLE Using Novel Treatment Response Measure9 Nov
  • Biogen Provides Update on Private Payer Coverage for ZURZUVAE™ (zuranolone)5 Nov
  • These Analysts Increase Their Forecasts On Biogen After Upbeat Q3 Results29 Oct
  • Biogen to Present New Data Across Alzheimer's Disease Portfolio at CTAD 202629 Oct
  • Biogen Q3 Earnings Call Highlights28 Oct
  • Biogen Inc. (BIIB) Q3 2026 Earnings Call Transcript28 Oct
  • BIIB's Q3 Earnings Beat, New Drugs Aid Sales, '26 EPS View Tightened28 Oct
  • Big Day for Econ Data, Hyperscaler Earnings28 Oct
  • Biogen (BIIB) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates28 Oct
  • Biogen Inc. (BIIB) Tops Q3 Earnings and Revenue Estimates28 Oct
  • Biogen Swings to Loss, Logs Higher Sales28 Oct
  • Biogen Q3 Preview: Will Growth Products Drive an Earnings Beat?26 Oct
  • Baron Health Care Fund: Q3 2026 New Positions And Exits26 Oct
  • Biogen (BIIB) Surges 5.3%: Is This an Indication of Further Gains?23 Oct
  • Stoke Therapeutics to Host Webcast and Conference Call to Discuss Third Quarter 2026 Business and Financial Updates22 Oct
  • Biogen Q3 Earnings Preview: Grounds For Optimism, But Disappointment The Norm21 Oct

Mentions in Filings

  • … te)¹˒²˒³ ~$340m annualized run-rate (Q3 2026 × 4)¹˒³ $17,114 US list price per course of 14 daily administrations (2026)² Abbreviations: PPD = Postpartum depression; y/y = Year over year. Notes: Net revenue as reported by <strong>Biogen</strong> (US and ex-US). GH estimates: run-rate = Q3 2026 net revenue ($84.4m) × 4; reach = estimated Q3 2026 US courses (US net revenue of $83.4m ÷ net revenue per course of $10,300–11,100) ÷ one quarter of the ~500k US women who …
    GH Research PLCBiogen Inc.·EX-99.4 - 6-K - EXHIBIT 99.4·Q3 26·08:22AM
  • … ant market penetration. We compete with a variety of multinational biopharmaceutical companies, specialized biotechnology companies and emerging biotechnology companies. In IgA nephropathy (“IgAN”), competitors include <strong>Biogen Inc.</strong>, Biohaven, Ltd., Boulevard Bio, Inc., Calliditas Therapeutics AB, Climb Bio, Inc., Novartis AG, Otsuka Pharmaceutical Co., Ltd., Roche, Takeda Pharmaceutical Company Limited, Travere Therapeutics, Inc., Vera Therapeutic …
    Jade Biosciences, Inc.Biogen Inc.·10-Q - Quarterly report Q3·Q3 26·07:29AM
  • … , Mayzent, Gilenya); Teva (Austedo, Ajovy, Uzedy, Copaxone, Olanzapine (LAI)); Eli Lilly (Kisunla, Emgality, Remternetug, Prozac); Eisai (Leqembi, Dayvigo, Aricept, Fycompa, Methycobal); Axsome (Auvelity, Sunosi, AXS-12); <strong>Biogen</strong> (Spinraza, Tysabri, Skyclarys, Vumerity, Zurzuvae, Avonex, Qalsody); Neurocrine (Ingrezza, TAK-653); Takeda (Orzeyful, Vyvanse, Trintellix, Intuniv). Praxis consensus assuming approvals divides each asset's consensus by i …
    Praxis Precision Medicines, Inc.Biogen Inc.·EX-99.1 - 8-K - Regulation FD Disclosure·Q4 26·12 Nov
  • … herapeutic candidates, as well as more generally with other companies developing alternative scientific and technological approaches. Our competitors in the different indications include but are not limited to: Arrowhead, <strong>Biogen</strong>, Novartis AG, Otsuka Pharmaceutical Co., Ltd., RemeGen Co., Ltd., Takeda Pharmaceutical Co., Ltd., Vera Therapeutics, Inc., and Vertex Pharmaceuticals Inc. in renal indications; AstraZeneca PLC (US), Biogen Inc., Novartis …
    ADARx Pharmaceuticals, Inc.Biogen Inc.·10-Q - Quarterly report Q3·Q3 26·12 Nov
  • … y 1 FDA BOXED WARNING ~13% ARIA-E (brain swelling)(2) ~17% ARIA-H (microbleeds)(2) FDA BOXED WARNING ~16% ARIA-E (brain swelling)(3) ~25% ARIA-H (microbleeds)(3) 1. 2026: annualized Q2 2026 in-market sales (Leqembi $184M, <strong>Biogen</strong>; Kisunla $167M, Lilly). 2033E: GlobalData, October 2026. CAGR 2026–2033E calculated by ProMIS. 2. Leqembi Prescribing Information. 3. Kisunla Prescribing Information, July 2025; Eli Lilly press release, July 9, 2025; Phar …
    ProMIS Neurosciences Inc.Biogen Inc.·EX-99.1 - 8-K - Regulation FD Disclosure·Q4 26·12 Nov
  • … the primary endpoints of overall survival and progression-free survival compared to the combination therapy of Lenvima and pembrolizumab. ○ AD treatment drug "Rekenbi" (generic name: lecanemab, jointly developed with <strong>Biogen Inc.</strong> (USA)) • For applications related to early AD, it has received approval in 53 countries and regions, including Japan, the United States, China, Europe, and Asia, and applications are pending in 6 other countries. Rega …
    Eisai Co., Ltd.Biogen Inc.·Interim Report - Semi-Annual Report (2026.04.01-2027.03.31)·12 Nov·11 Nov

Key Stats

Trading

Px/Chg 1D$219.88 / -1.32%
Prev Close$220.83
% of 52Wk H94.11%
Avg Volume1.13M
Beta0.29
Mkt Cap32.49B
FD Mkt Cap31.40B

Float

Shrs Out/Float147.75M / 146.43M
Short Float0.04%
Days to Cover4.14
Stock Repurchased$0.00

Current Valuation

EV35.67B
EV/EBITDA13.20
EV/Sales3.62
P/B1.74
P/S3.30
FCF Yield2.14%
ROE1.71%
ROA1.08%
Current Ratio3.06

Estimates

P/E23.67
Est P/E0.00
Est EPS3.05
Est PEG0.00

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-80.9613.9724.0710.81-555.70102.04
Price / Sales6.764.192.841.8211.8013.16
Price / Book Value1.873.181.891.061.471.75
Price / Free Cash Flow32.4137.2222.627.0148.3946.80
ENTERPRISE VALUE METRICS
Enterprise Value33,704.845,762.534,241.421,896.730,841.335,781.9
Enterprise Value / Sales7.644.503.482.2613.5314.44
Enterprise Value / EBITDA48.9312.9414.417.31145.3464.63
Enterprise Value / EBIT-17.2715.1618.199.43-214.9285.79

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-2.8%10,981.710,173.49,835.69,675.99,810.6
Gross Income-6%8,872.07,895.17,302.27,365.56,913.6
EBITDA-5.7%3,923.43,536.92,377.02,995.73,100.6
EBIT-10.9%3,435.73,018.51,882.22,322.52,165.2
Net Income-4.5%1,556.13,046.91,161.11,632.21,293.4
EPS (Diluted)-4%10.4020.877.9711.198.83
BALANCE SHEET
Cash & ST Inv8.7%3,802.54,892.81,049.92,375.03,815.7
Total Assets5.4%23,877.324,554.126,844.828,049.329,439.5
Total Liabilities-3.5%12,917.611,165.712,045.411,333.311,182.7
Total Shareholder Equity13.8%10,896.213,397.914,799.416,716.018,256.8
CASH FLOW
Net Operating Cash Flow-11.8%3,639.91,384.31,547.22,875.52,204.6
Cap Ex-12.1%-258.1-240.3-311.4-359.8-153.8
Free Cash Flow-11.8%3,381.81,144.01,235.82,515.72,050.8

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)250.87
Basic Shares147.75
Market Cap37,067.0
Diluted Shares147.80
Fully Diluted Shares Outstanding147.80
Fully Diluted Market Cap37,078.6
+Consolidated Debt7,801.3
−In-the-Money Convertible Debt—
+Capital Leases109.3
+Operating Leases—
−Cash & Equivalents-1,303.9
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value43,564.4

Segment data

Revenue

by Products and services

  • Ms Product Revenues42%
  • Tysabri Product17%
  • Spinraza16%
  • Fumarate15%
  • Interferon10%

Revenue

by Geography

  • Non-us60%
  • United States40%

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