Biogen considers potential acquisitions – Stat News By Reuters


© Reuters. PHOTOGRAPHY: Sign marks Biogen plant in Cambridge, Massachusetts, USA, January 26, 2017. REUTERS / Brian Snyder / File Photo

(Reuters) – Biogen Inc. (NASDAQ 🙂 is working with investment bank Goldman Sachs (NYSE 🙂 to find potential targets for acquisitions, Stat News reported on Thursday, citing an unnamed source.

The report says the company’s management has warmed to the idea of ​​acquisitions amid turmoil over its controversial cure for Alzheimer’s disease, Aduhelm.

Biogen did not immediately respond to Reuters’ request for comment.

On Tuesday, the U.S. Centers for Medicaid and Medicare Services (CMS) said it would cover Aduhelm and similar treatments only for patients enrolled in approved clinical trials, threatening to sell the drug.

In a conference call with analysts on Thursday, Biogen CEO Michel Vounatsos said management was working with the board on “tactical, short-term measures, but also strategic options”.

Vounatsos responded to a question about whether the company would consider any strategic options to protect shareholder value, especially in light of the controversy over Aduhelm.

Aduhelm was approved by the U.S. Food and Drug Administration in June despite a vote by the agency’s external advisers that the clinical benefits of the treatment had not been proven.

Waiver: Fusion Media wishes to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by stock exchanges, but by market makers, so prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this information.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage resulting from reliance on information including data, quotations, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in financial markets, this is one of the riskiest possible forms of investment.


Source link

Leave a Comment