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BIOGEN (BIIB)

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Earnings summaries and quarterly performance for BIOGEN.

Research analysts who have asked questions during BIOGEN earnings calls.

Brian Abrahams

Brian Abrahams

RBC Capital Markets

5 questions for BIIB

Also covers: ACAD, ATAI, BCRX +17 more
Michael Yee

Michael Yee

Jefferies

5 questions for BIIB

Also covers: ALLO, AMGN, BEAM +14 more
Salveen Richter

Salveen Richter

Goldman Sachs

5 questions for BIIB

Also covers: ACAD, AGIO, ALLO +20 more
Paul Matteis

Paul Matteis

Stifel

4 questions for BIIB

Also covers: ABOS, ACAD, ALKS +11 more
PN

Philip Nadeau

TD Cowen

4 questions for BIIB

Also covers: ADVM, APLS, ATRA +13 more
UR

Umer Raffat

Evercore ISI

4 questions for BIIB

Also covers: ALKS, AMGN, BHC +15 more
ES

Evan Seigerman

BMO Capital Markets

3 questions for BIIB

Also covers: ABBV, AMGN, ARVN +15 more
Jay Olson

Jay Olson

Oppenheimer & Co. Inc.

3 questions for BIIB

Also covers: ACAD, AMGN, BNTX +22 more
CS

Christopher Schott

JPMorgan Chase & Co.

2 questions for BIIB

Also covers: ABBV, AMGN, AMRX +15 more
David Amsellem

David Amsellem

Piper Sandler Companies

2 questions for BIIB

Also covers: ABBV, ALKS, AMGN +27 more
ES

Eric Schmidt

Cantor Fitzgerald & Co.

2 questions for BIIB

Also covers: ADCT, AGIO, BLUE +9 more
MG

Marc Goodman

Leerink Partners

2 questions for BIIB

Also covers: ACAD, ALDX, ALKS +14 more
Terence Flynn

Terence Flynn

Morgan Stanley

2 questions for BIIB

Also covers: ABBV, AMGN, ARVN +17 more
Geoffrey Meacham

Geoffrey Meacham

Citi

1 question for BIIB

Also covers: ABBV, BMY, GILD +6 more
Michael DiFiore

Michael DiFiore

Evercore ISI

1 question for BIIB

Also covers: AMGN, AMLX, ELAN +8 more
MM

Miles Minter

William Blair

1 question for BIIB

MM

Myles Minter

William Blair & Company

1 question for BIIB

Also covers: ALEC, ARCT, ARGX +11 more
TA

Tim Anderson

Bank of America

1 question for BIIB

Also covers: ABBV, AMLX, BMY +4 more
TA

Timothy Anderson

BofA Securities

1 question for BIIB

Also covers: ABBV, AMGN, AZN +10 more

Recent press releases and 8-K filings for BIIB.

Biogen forecasts Q4 2025 IPR&D charges impacting EPS
BIIB
Guidance Update
Accounting Changes
  • Biogen estimates approximately $222 million of acquired in-process R&D, upfront and milestone expense in Q4 2025.
  • This charge is expected to reduce GAAP and non-GAAP net income per diluted share by about $1.26 for the quarter.
  • The company began separately presenting IPR&D, upfront and milestone expense as a distinct line item starting Q1 2025.
  • Results for the quarter ended December 31, 2025, remain preliminary and subject to adjustment upon completion of closing procedures.
6 days ago
Biogen outlines transformation and growth strategy at JPM 2026
BIIB
Product Launch
New Projects/Investments
  • Biogen delivered $1 billion gross / $800 million net savings under its Fit for Growth program, implemented a ~15% headcount reduction, and cut Non-GAAP R&D spend by 26% over the first nine months of 2025 vs. 2023.
  • The late-stage pipeline now comprises 10 Phase 3 programs, including high-conviction registrational assets in systemic lupus erythematosus, nephrology, and Dravet syndrome, alongside an early-stage portfolio targeting Alzheimer’s, Parkinson’s, MS, and rare diseases.
  • Marketed growth products achieved ~$1.9 billion in trailing twelve-month sales, with 53% revenue growth in the first three quarters of 2025 vs. 2024; key YTD year-over-year gains include LEQEMBI ~200%, QALSODY ~200%, and ZURZUVAE ~160%.
  • 2026 marks the start of a multi-year registrational data flow, with a potential FDA decision on LEQEMBI subcutaneous autoinjector in Q2–Q3 2026, and topline readouts for both litifilimab SLE studies by year-end 2026.
7 days ago
Biogen outlines cost cuts and pipeline expansion at JPMorgan Healthcare Conference
BIIB
Product Launch
Layoffs
New Projects/Investments
  • Biogen achieved $1 billion in gross and $800 million in net cost savings and reduced headcount by 15%, restructuring from an MS-centric model to a broader therapeutic focus.
  • The company launched four new first-in-disease therapies (Alzheimer’s, Friedreich’s ataxia, postpartum depression, ALS) and now fields 10 Phase III programs with five potential new products, while cutting R&D spend by 26% vs. three years ago.
  • Core growth drivers (Leqembi, Skyclarys, Zurzuvae, Qalsody, Vumerity, Spinraza) collectively grew 53% or $1.9 billion, highlighted by EU approval of high-dose Spinraza and double-digit growth for Vumerity with exclusivity into the next decade.
  • Key 2026 catalysts include Phase III readouts of Litifilimab (SLE this year, CLE in 2027), Zorevunersen, Felzartamab and AMR, plus mid-year data for tau ASO BIIB080 and LRRK2 inhibitor BIIB122 in Parkinson’s.
7 days ago
Biogen outlines 2026 growth strategy and pipeline at JPMorgan Healthcare Conference
BIIB
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
  • Executed a cost-structure overhaul with $1 billion gross and $800 million net savings, 15% headcount reduction, and 26% lower R&D spend while advancing to 10 Phase III programs targeting five new products.
  • Diversified growth portfolio: four first-in-disease launches in Alzheimer’s, Friedreich’s ataxia, postpartum depression and ALS, alongside core drivers—Leqembi, Skyclarys, Zurzuvae, Qalsody, Vumerity and Spinraza—that grew 53% ($1.9 billion) to offset MS declines.
  • Robust late-stage pipeline with 10 Phase III studies, including 2026 readouts for Litifilimab, Zorevunersen and Felzartamab, and longer-term assets BIIB080 (tau ASO) and BIIB122 (LRRK2) poised to sustain growth into 2028–2030.
  • Strategic shift to external R&D collaborations in immunology to rebuild early-stage pipeline, and SMA franchise optimization via EU approval of high-dose Spinraza, next-gen BIIB115 and implantable delivery device.
7 days ago
Biogen outlines cost savings, growth drivers and expanded pipeline
BIIB
Product Launch
Revenue Acceleration/Inflection
New Projects/Investments
  • Biogen has achieved $1 billion in gross cost savings, cut headcount by 15%, and reduced R&D spend by 26%, rebuilding the organization for agility
  • Its key growth drivers—Leqembi, Skyclarys, Zurzuvae, Qalsody, Vumerity and Spinraza—recorded 53% growth ($1.9 billion), offsetting declines in the MS franchise
  • The late-stage pipeline now comprises 10 Phase III programs aiming for five new product launches, including Litifilimab (SLE/CLE), Zorevunersen (AMR), Felzartamab, BIIB115 (next-gen Spinraza) and tau (BIIB080) and LRRK2 (BIIB122) assets
  • Leqembi adoption is being driven by 350,000 blood-based diagnostics sold, subcutaneous induction submission and targeted full reimbursement in 2027 to simplify treatment pathways
7 days ago
Biogen’s LEQEMBI subcutaneous BLA accepted by China regulator
BIIB
  • Biogen and Eisai’s Biologics License Application for the subcutaneous autoinjector (SC-AI) formulation of LEQEMBI® (lecanemab) has been accepted by China’s National Medical Products Administration (NMPA) as of Jan. 5, 2026.
  • The SC-AI delivers a 500 mg weekly dose (two 250 mg injections), each autoinjector injection taking approximately 15 seconds, offering a potential at-home alternative to hospital IV infusions.
  • The subcutaneous option may reduce healthcare resource use—including infusion preparation and nurse monitoring—and streamline the Alzheimer’s disease treatment pathway.
  • Eisai leads global development and regulatory submissions for lecanemab, with co-commercialization by Eisai and Biogen; Eisai will handle distribution and medical information in China.
  • Eisai estimates there were 17 million patients with mild cognitive impairment or mild dementia due to Alzheimer’s disease in China in 2024, underscoring a large potential market.
Jan 6, 2026, 1:00 AM
Biogen transfers BYOOVIZ® rights as Samsung Bioepis launches in Europe
BIIB
Product Launch
  • Samsung Bioepis hat die vollständige Übertragung der Vermarktungsrechte für BYOOVIZ®, ein Biosimilar zu Lucentis (Ranibizumab), von Biogen abgeschlossen und startet damit die direkte Vermarktung in Europa.
  • BYOOVIZ® ist nach EPYSQLI®, OBODENCE® und XBRYK® das vierte Biosimilar, das Samsung Bioepis selbst in Europa anbietet.
  • Die Fertigspritze (PFS) von BYOOVIZ® wird voraussichtlich ab Q2 2026 auf dem europäischen Markt erhältlich sein.
  • BYOOVIZ® wurde im August 2021 von der Europäischen Kommission für mehrere retinalerkrankte Indikationen zugelassen, darunter feuchte AMD und diabetisches Makulaödem.
Jan 5, 2026, 8:56 AM
Biogen begins European launch of BYOOVIZ
BIIB
Product Launch
  • Samsung Bioepis has commenced direct commercialization of BYOOVIZ®, a biosimilar to Lucentis (ranibizumab), across Europe following the transfer of commercial rights from Biogen to Samsung Bioepis.
  • BYOOVIZ® becomes the fourth biosimilar marketed directly by Samsung Bioepis in Europe, joining EPYSQLI®, OBODENCE® and XBRYK®.
  • The pre-filled syringe (PFS) formulation of BYOOVIZ® will be available in Europe in Q2 2026.
Jan 5, 2026, 8:49 AM
Biogen transfers BYOOVIZ rights as Samsung Bioepis launches biosimilar in Europe
BIIB
Product Launch
  • Samsung Bioepis has begun direct sales of BYOOVIZ®, a ranibizumab biosimilar to Lucentis, across multiple European countries.
  • The company completed the full transfer of commercial rights for BYOOVIZ from Biogen back to Samsung Bioepis.
  • BYOOVIZ becomes the fourth biosimilar directly marketed by Samsung Bioepis in Europe, following EPYSQLI®, OBODENCE® and XBRYK®.
  • A pre-filled syringe formulation will be available in Europe in Q2 2026.
Jan 5, 2026, 7:22 AM
Biocytogen lists on Shanghai Sci-Tech Innovation Board
BIIB
Delisting/Listing Issues
  • Biocytogen (688796.SH; 02315.HK) became the first “H+A” dual-listing biotech to debut on the Shanghai Stock Exchange’s Sci-Tech Innovation Board, following its Hong Kong listing in September 2022.
  • The IPO price was RMB 26.68 per share, with a first-day opening price of RMB 58, representing a 117% increase; initial market capitalization was approximately RMB 25.9 billion.
  • The company specializes in innovative drug R&D, having developed the RenMice® full-human antibody platform with over 1,000 viable drug candidate sequences.
  • As of June 30, 2025, Biocytogen had signed 4,280 drug discovery collaborations, licensing and transfer agreements.
Dec 11, 2025, 9:25 AM