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Biogen Stock Surges After Alzheimer's Approval -- WSJ

The Wall Street Journal · 01/06/2023 15:30

By Charley Grant

U.S. health regulators have approved (https://www.wsj.com/articles/new-alzheimers-drug-approved-by-fda-promises-to-slow-disease-11673032312?mod=hpleadpos4) Biogen's new Alzheimer's disease drug, and stockholders are reaping the rewards.

Biogen shares were recently up 6% shortly after trading resumed on Friday; the stock had been halted shortly before word of the approval became public.

Shares of Eli Lilly, which has similar drugs under development, were up 1.5% on Friday.

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January 06, 2023 15:30 ET (20:30 GMT)

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