Biogen Inc said on Wednesday that Alzheimer's disease drug Leqembi would bring in modest revenue for the year although it might not be enough to offset costs tied to its launch.
said on Wednesday that Alzheimer's disease drug Leqembi would bring in modest revenue for the year although it might not be enough to offset costs tied to its launch.
The company is banking on Leqembi, which was granted accelerated U.S. approval in January, to drive its sales at a time when many of Biogen's top drugs face increasing competition.With Leqembi's launch, "there's a lot of work to be done at the start," Chief Executive Officer Christopher Viehbacher said on a media call.in November, is seeking to jumpstart growth at the drugmaker, which is still reeling from a series of setbacks for older Alzheimer's drug Aduhelm.
"Over the last couple of years, the company has lost its way somewhat and now it is in a declining revenue," Viehbacher said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The best 2023 Super Bowl 2023 movie trailers, ranked | Digital TrendsThe 2023 Super Bowl featured trailers for the year's most anticipated movies like The Flash, Fast X, Creed 3, and Air, and we ranked them from worst to best.
Read more »
New York Fashion Week: Celebrity sightings and more highlights from the Fall-Winter 2023 showsFrom fantasy-filled shows by Rodarte and Area to runway cameos from the Lohan family and 'White Lotus' star Jon Gries, here are the buzziest moments in New York this week.
Read more »
Maserati GranTurismo Trofeo 2023 review | EvoMC20 engine, an accomplished chassis and stunning looks make the new Maserati_HQ GranTurismo a highly desirable grand tourer -
Read more »
TDN100: 2023 NFL Draft Rankings February EditionTDN100 UPDATE With the SeniorBowl and SuperBowl in the rearview mirror, our scouts take a fresh look at the top prospects in the 2023 NFLDraft. Who are the Top 100 players?
Read more »
Progress report: Washington NationalsSigning up the Washington Nationals ahead of the 2023 season
Read more »
2023 NFL mock draft: Who will Houston Texans pick at 2 and 12?Houston has needs across the board, starting at quarterback. The Chronicle's Brooks...
Read more »