Posted on

Alzheimer’s Drug Is Bonanza for Biogen, Most Likely at Taxpayer Expense



Share

In addition to the United States, Biogen has asked regulators in Australia, Brazil, Canada, the European Union, Japan and Switzerland to review the drug.The U.S. approval is a crucial victory for a company that has been counting on Aduhelm to make up for stalled or declining revenue from its other products. Competitors last year introduced generic versions of Biogen’s multiple sclerosis drug, Tecfidera, causing the company to miss out on hundreds of millions of dollars in revenue from what had been its top-selling product.The approval “completely transforms” Biogen, said Brian Skorney, an analyst at Robert W. …

Read More