Biogen
BIIB
About: Biogen and Idec merged in 2003, combining forces to market Biogen's multiple sclerosis drug Avonex and Idec's cancer drug Rituxan. Today, Rituxan and next-generation antibody Gazyva (oncology) and Ocrevus (multiple sclerosis) are marketed via a collaboration with Roche. Biogen markets several multiple sclerosis drugs including Plegridy, Tysabri, Tecfidera, and Vumerity. Biogen's newer products include Spinraza (SMA, with partner Ionis), Leqembi (Alzheimers, with partner Eisai), Skyclarys (Friedreich's Ataxia, Reata), Zurzuvae (postpartum depression, Sage), and Qalsody (ALS, Ionis). Biogen has several drug candidates in phase 3 trials in neurology, immunology, and rare diseases.
Employees: 7,605
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
150% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 5 (+3) [Q2]
30% more repeat investments, than reductions
Existing positions increased: 337 | Existing positions reduced: 260
14% more call options, than puts
Call options by funds: $381M | Put options by funds: $333M
1.4% more ownership
Funds ownership: 86.75% [Q1] → 88.15% (+1.4%) [Q2]
4% less first-time investments, than exits
New positions opened: 94 | Existing positions closed: 98
2% less funds holding
Funds holding: 867 [Q1] → 850 (-17) [Q2]
7% less capital invested
Capital invested by funds: $17.4B [Q1] → $16.2B (-$1.14B) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Piper Sandler
David Amsellem
|
$118
|
Neutral
Maintained
|
14 Aug 2025 |
Citigroup
Geoff Meacham
|
$135
|
Neutral
Maintained
|
1 Aug 2025 |
RBC Capital
Brian Abrahams
|
$219
|
Outperform
Maintained
|
1 Aug 2025 |
Morgan Stanley
Matthew Harrison
|
$144
|
Equal-Weight
Maintained
|
1 Aug 2025 |
HC Wainwright & Co.
Andrew Fein
|
$194
|
Buy
Maintained
|
1 Aug 2025 |
Financial journalist opinion
Based on 14 articles about BIIB published over the past 30 days