The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

BIIB

Concerning the House

Biogen Inc. discovers, develops, manufactures, and delivers therapies in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, and TYSABRI for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; SKYCLARYS to treat Friedreich's Ataxia; QALSODY for treating amyotrophic lateral sclerosis; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE. It offers LEQEMBI for the treatment of Alzheimer's disease; ZURZUVAE for the treatment of postpartum depression; RITUXAN to treat 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 aRelapsed or refractory diffuse large B-cell lymphoma; and other anti-CD20 therapies. Biogen Inc. has collaboration and license agreements with Merz Therapeutics; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; UCB; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; Samsung Bioepis; and Sage Therapeutics, Inc., as well as collaborations with Stoke Therapeutics, Inc. for the development and commercialization of zorevunersen, a disease modifying medicine for the treatment of Dravet syndrome; Dayra Therapeutics, Inc. to develop oral macrocyclic peptides; Vanqua Bio, Inc. for developing Vanqua's preclinical oral C5aR1 antagonist compound; City Therapeutics, Inc. to develop select novel RNAi therapies; and ALTEOGEN Inc. to develop subcutaneous (SC) formulations of biologics utilizing ALT-B4. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.

United States · www.biogen.com

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$9.68B+5.5%
Gross profit$2.89B+10.1%
Operating income$7.04B+15.2%
Net income$1.16B+3.8%
Cash from ops$2.88B+6.7%
Quotation

$210.65

+1.78 (+0.9%)

52w hi$216.63
52w lo$132.22
Vol852.00K
As ofAug 13
The Verdict

Hold

Our score -0.04

Short-0.10
Medium+0.06
Long-0.12

computed 2026-08-13

By the Numbers

Biogen Inc.

Healthcare · Drug Manufacturers - General

Market cap$31.12B
Enterprise value$37.93B
Trailing P/E37.35x
Forward P/E12.69x
EV / EBITDA11.29x
P / S (ttm)3.10x
Profit margin8.3%
Return on equity4.6%
Revenue growth+3.4%
Earnings growth-84.8%
Debt / equity44.33
Risk Metrics
Beta vs SPX0.52
Corr SPX0.26
Annual vol32.3%
Annual ret+6.8%
Sharpe0.21
Max DD-45.0%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.07
Sector+0.12
Technical-0.03
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$212.98$215.60$208.81$210.65852.00K
Aug 12$203.52$209.22$201.00$208.87789.00K
Aug 11$206.63$207.57$203.53$203.89936.80K
Aug 10$206.70$210.02$206.29$207.13706.40K
Aug 7$207.38$208.31$204.16$207.94840.50K