BIIB Stock Biogen Inc - Complete Overview
Nasdaq / Pharmaceutical Products / Healthcare / BIIB Stock
|Avg Daily Volume||1.69M|
BIOGEN INC (BIIB) OVERVIEW
BIIB stock is a pharmaceutical products company traded on Nasdaq. It is valued at 73.2B US dollars. There are 211.56M shares outstanding which Biogen Inc issued to investors. Volatility of the stock is MEDIUM, and the daily volume is 26.34% stock on average. It brought investors a total return of -3.63% over the last 12 months. Biogen Inc stock is relatively cheap. It's P/E ratio is below the market average.
Why Is Biogen Inc. Giving Ionis Another $1 Billion?
Biogen recently doubled down on its investment into Ionis Pharmaceuticals. Here's what you need to know.
What's in Store for Biogen (BIIB) This Earnings Season?
On the Q1 call, investor focus will be on the impact of Roche's newly launched drug, Ocrevus on Biogen's (BIIB) MS franchise and Spinraza's performance.
Ionis Pharmaceuticals' stock soars as Biogen collaboration deal includes $1 billion payment
Shares of Ionis Pharmaceuticals Inc. soared 8.4% in premarket trade Friday, after Biogen Inc. said it would pay the company $1 billion as part of a new 10-year collaboration agreement to develop drug candidates to treat neurological diseases. Biogen's stock was still inactive. Part of the payment will include $625 million to buy about 11.5 million Ionis shares, or about 9.2% of the shares outstanding, at $54.34 a share, which is 18.5% above Thursday's closing price of $45.85. Biogen will have the option to license therapies and will be responsible for their development and commercialization, and may make milestone payments, license fees and royalties to Ionis on net sales. The deal is expected to close in the second quarter of 2018. Ionis's stock had lost 8.9% year to date through Thursday, while Biogen shares had tumbled 16.5%, the iShares Nasdaq Biotechnology ETF had slipped 0.8% and the S&P 500 had gained 0.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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|Price to Earnings||28.98||32.53||28.84||45.62|
|Price to Book Value||5.80||6.82||6.57||7.00|
|Price to Sales||5.96||3.95||3.69||5.00|
|Return on Equity||20.90%||12.78%||11.13%||17.71%|
|Return on Assets||11.30%||6.01%||4.94%||8.04%|