Biogen Inc
BIIB: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| J#@ | LOCK|!c>?M | LOCK|$k@jv? |
Biogen Earnings: Modest Progress For Leqembi Launch; Full-Year Guidance Raised
Biogen reported 7% year-on-year revenue growth and 4% non-GAAP earnings per share growth. Sales of Leqembi (for Alzheimer's disease) in the US were $63 million, or 21% sequential growth. Management lifted its full-year guidance range for non-GAAP EPS by 5% (using the midpoints) from May's level.
