Biogen Inc

BIIB: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Biogen Earnings: Leqembi Sales Steadily Climbing; Business Outlook Reiterated

Biogen reported 6% year-over-year growth which was aided by the timing of Spinraza (rare disease) shipments. In-market sales of Leqembi (Alzheimer's disease) were $96 million. The company lowered 2025 guidance due to an upfront payment to Stoke, but its underlying business outlook is unchanged.

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