Biogen shares plunge more than 25% after ending trial for Alzheimer's drug Aducanumab

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Shares of Biogen plummeted more than 25 percent in pre-market trading Thursday after the company halted the trials of a Alzheimer's disease drug Aducanumab. div > div.

Shares of Biogen plummeted more than 25 percent in pre-market trading Thursday after the company halted the trials of a Alzheimer's disease drug Aducanumab.

div > div.group > p:first-child"> "This disappointing news confirms the complexity of treating Alzheimer's disease and the need to further advance knowledge in neuroscience. We are incredibly grateful to all the Alzheimer's disease patients, their families and the investigators who participated in the trials and contributed greatly to this research," said Michel Vounatsos, Chief Executive Officer at Biogen, in a statement.

Source: Law Daily Report (lawdailyreport.net)

 

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