Biogen bats aside Aduhelm jitters with confident third quarter
Biogen’s (Nasdaq: BIIB) novel Alzheimer’s disease (AD) therapy is struggling to clear the launch pad, generating just $300,000 in the first quarter in which it became available.
The $56,000 annual cost, combined with ongoing uncertainty around the circumstances of its approval and the reliability of its efficacy data, have conspired to create an uphill battle for market access.
The outcome, well short of analysts’ estimations of around $10 million in sales, was announced as part of the firm’s third quarter financial results statement, which revealed overall revenues of $2.8 billion.
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