Biogen Inc. (BIIB) is set to announce its fiscal 2023 fourth-quarter earnings on February 13. Analysts predict a 3.2% year-over-year revenue dip to $2.46 billion, alongside a 21.5% decrease in EPS to $3.18 for the quarter. Nonetheless, the company is undertaking initiatives to expand its growth prospects.
On January 31, 2024, BIIB announced a strategic shift, prioritizing Alzheimer’s disease (AD) for short and long-term growth. This includes advancing LEQEMBI® (lecanemab-irmb), an FDA-approved anti-amyloid beta treatment, and expediting novel treatments to strengthen its market position.
