Biogen Strengthens MS Portfolio with Plegridy FDA Approval - Analyst Blog

Biogen Idec's ( BIIB ) shares were up slightly (0.62%) on the FDA approval of multiple sclerosis (MS) product, Plegridy (peginterferon beta-1a). The FDA approved Plegridy for the treatment of people with relapsing forms of multiple sclerosis (RMS).

Plegridy Pen, a ready-to-use autoinjector, or a prefilled syringe can be used to administer Plegridy subcutaneously. Plegridy's less frequent dosing schedule (once every two weeks) could help it gain share from other beta interferon treatments that are currently available.

Meanwhile, data on Plegridy showed that it significantly reduced annualized relapse rate at one year by 36% compared to placebo. The risk of 12-week confirmed disability progression was down by 38% in patients on Plegridy compared to placebo. Plegridy also significantly reduced the number of new gadolinium-enhancing lesions (by 86%) and reduced new or newly enlarging T2-hyperintense lesions (67%) compared to placebo

With Plegridy's approval, Biogen has strengthened its MS portfolio further. Biogen's MS portfolio consists of drugs like Avonex, Tysabri and Tecfidera.

Tecfidera's performance has been impressive since launch and it holds a leading position in the oral MS market and could very soon be the leading MS treatment in the U.S. We expect the drug to do well in the EU also where it was launched in Feb 2014.

Biogen has another MS candidate in its pipeline - daclizumab. Biogen and partner AbbVie ( ABBV ) reported positive top-line results on daclizumab and are looking to file for approval.

Biogen is a Zacks Rank #3 (Hold) stock. Some better-ranked stocks in the biotech sector include Gilead Sciences Inc. ( GILD ) and Celgene Corporation ( CELG ). While Gilead is a Zacks Rank #1 (Strong Buy) stock, Celgene is a Zacks Rank #2 (Buy) stock.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

GILEAD SCIENCES (GILD): Free Stock Analysis Report

CELGENE CORP (CELG): Free Stock Analysis Report

BIOGEN IDEC INC (BIIB): Free Stock Analysis Report

ABBVIE INC (ABBV): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics


Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More