Biogen stock increases as Alzheimer's drug shows promise in early results of study

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Biogen stock increases as Alzheimer's drug shows promise in early results of study
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Eisai announced results from a global study of nearly 1,800 people with early-stage Alzheimer’s. The drugmaker said early results showed that its treatment, lecanemab, reduced patient clinical decline by 27%.

The Biogen Inc., headquarters in Cambridge. Biogen released a surprisingly low 2022 forecast Thursday, Feb. 3, 2022, as the drugmaker deals with sluggish sales from an Alzheimer’s treatment initially hailed as a potential breakthrough drug.

Eisai announced results late Tuesday from a global study of nearly 1,800 people with early-stage Alzheimer’s. Eisai Co. Ltd. said it would discuss full results from the research at a conference in late November. It also plans to publish its findings in a peer-reviewed medical journal. The initial results appear to be “quite robust” and will likely support regulatory approval, Mizuho Securities analyst Graig Suvannavejh said in a research note.

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