
Biogen Inc.
NASDAQ•BIIB
CEO: Mr. Christopher A. Viehbacher
Sector: Healthcare
Industry: Drug Manufacturers - General
Listing Date: 1991-09-17
Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; ADUHELM to treat Alzheimer's disease; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE; and BYOOVIZ, a ranibizumab biosimilar referencing LUCENTIS. It offers RITUXAN for treating non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, two forms of ANCA-associated vasculitis, and pemphigus vulgaris; RITUXAN HYCELA for non-Hodgkin's lymphoma and CLL; GAZYVA to treat CLL and follicular lymphoma; OCREVUS for relapsing MS and primary progressive MS; LUNSUMIO to treat relapsed or refractory follicular lymphoma; glofitamab for non-Hodgkin's lymphoma; and other anti-CD20 therapies. In addition, the company is developing various products for the treatment of MS, Alzheimer's disease and dementia, neuromuscular disorders, Parkinson's disease and movement disorders, neuropsychiatry, genetic neurodevelopmental disorders, and biosimilars, which are under various stages of development. It has collaboration and license agreements with Acorda Therapeutics, Inc.; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; Samsung Bioepis Co., Ltd.; Sangamo Therapeutics, Inc.; and Sage Therapeutics, Inc., as well as collaboration with Fujirebio to potentially identify and develop blood-based biomarkers for tau pathology in the brain. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.
Contact Information
Market Cap
$22.99B
P/E (TTM)
14.3
22.8
Dividend Yield
--
52W High
$176.95
52W Low
$110.04
52W Range
6.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$2.45B-0.45%
4-Quarter Trend
EPS
$3.18+19.10%
4-Quarter Trend
FCF
$1.23B+52.22%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Revenue and EPS Growth Total revenue $2.53B, up 2.8%. Diluted EPS $3.17, up 19.2% for Q3 results.
Product Revenue Increased Product revenue reached $1.85B, marking 4.4% increase driven by MS and Rare Disease segments.
R&D Spending Reduced R&D expense fell $80.1M (15.5%) due to portfolio prioritization and Fit for Growth measures.
Strong Cash Position Cash, equivalents, and securities totaled $4.0B, a 66.8% increase from December 31, 2024.
Risk Factors
Generic Competition Impact TECFIDERA revenue declined 27.7% globally due to multiple generic entrants in key markets.
Regulatory Pricing Uncertainty IRA drug pricing reforms may cause modest revenue impact of $50.0M to $100.0M in 2025.
TYSABRI Biosimilar Threat Future TYSABRI sales expected to be adversely affected by biosimilar entrance in international markets.
Operational Cybersecurity Risks Increased reliance on cloud systems heightens vulnerability to breaches, potentially causing operational disruption.
Outlook
Pipeline Advancement Focus Initiated global Phase 3 trials for felzartamab (IgAN, PMN) and announced Alcyone acquisition plans.
New Corporate Headquarters Entered lease for new 580,000 sq ft global HQ in Cambridge, commencing expectedly in May 2028.
Royalty Funding Utilization Recorded $150.0M reduction to R&D expense from Royalty Pharma funding for litifilimab program.
Upcoming Product Launches Expect growth driven by continued SKYCLARYS launch in U.S. and Europe markets throughout 2025.
Peer Comparison
Revenue (TTM)
CNC$185.86B
$20.86B
TEVA$16.78B
Gross Margin (Latest Quarter)
GMAB93.8%
87.4%
BIIB73.4%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| TEVA | $28.06B | -176.1 | -2.6% | 42.8% |
| BIIB | $22.99B | 14.3 | 9.3% | 22.6% |
| PODD | $22.76B | 92.4 | 18.3% | 2.6% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+0.0%
Moderate Growth
4Q Net Income CAGR
+20.5%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 30, 2025|Revenue: $2.45B-0.4%|EPS: $3.18+19.1%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 31, 2025|Revenue: $2.65B+7.3%|EPS: $4.35+8.5%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 1, 2025|Revenue: $2.43B+6.1%|EPS: $1.65-39.1%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 12, 2025|Revenue: $9.68B-1.6%|EPS: $11.20+39.7%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 30, 2024|Revenue: $2.47B-2.5%|EPS: $2.67-668.1%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 1, 2024|Revenue: $2.46B+0.4%|EPS: $4.01-2.0%MeetForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 24, 2024|Revenue: $2.29B-7.0%|EPS: $2.71+0.7%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 14, 2024|Revenue: $9.84B-3.3%|EPS: $8.02-61.8%Miss