Biogen Alzheimer’s Drug Faces FDA Panel With Billions at Stake

(Bloomberg) — Biogen Inc.’s big bet that U.S. regulators will approve its experimental drug for Alzheimer’s disease faces a key test next week when a panel of outside advisers reviews results from a pair of studies.The Nov. 6 advisory committee meeting is a highlight of the year for health-care investors and a “major binary event” for the $38 billion drug giant, Stifel analyst Paul Matteis said. Briefing documents, which become public two days before the meeting, are likely to be a “bigger determinant than usual in dictating how panelists eventually vote,” he said.Wall Street analysts have suggested Biogen shares could …read more

Source:: Yahoo Finance


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