Piper Sandler upgrades Biogen, says Alzheimer's drug demand will be strong despite controversy_老虎社区_美港股上老虎

Piper Sandler upgrades Biogen, says Alzheimer's drug demand will be strong despite controversy

cnbc2021-06-18

The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about the new treatment, and that should push the company’s stock higher, according to Piper Sandler. The...

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Kwlam
·2021-06-19
Good
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Ezec
·2021-06-19
Nice
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Blokespot
·2021-06-18
Bio stock in news
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- MuppyKoh:
  interesting
  2021-06-18
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sheepdragon
·2021-06-18
Mm
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LMChin
·2021-06-18
Noted
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AndrewL
·2021-06-18
Nice
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1
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SCP03
·2021-06-18
How to I get my comments featured? 😅
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Xiang15
·2021-06-18
Ok
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Ma_Yi_Long
·2021-06-18
ok
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- Ma_Yi_Long:
  hi
  2021-06-18
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Calvinq
·2021-06-18
Like and comment pls. biogen 🚀
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- WeiKeong:
  Like
  2021-06-18
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Juliusjuliet
·2021-06-18
Like and comment please
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- Calvinq:
  Done pls like and comment back
  2021-06-18
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- Juliusjuliet:
  Conment
  2021-06-18
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- Toadsage:
  please like and comment back
  2021-06-18
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nomacro
·2021-06-18
Hi there
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Kunnilim
·2021-06-18
Test
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XxShadowGee
·2021-06-18
2owo
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Joshuji
·2021-06-18
Pls like :-)
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- 57e0002a:
  please reply
  2021-06-18
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- Juliusjuliet:
  Comment back please
  2021-06-18
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fluttershy
·2021-06-18
Pls like
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- Sittk:
  sure, could you pls share my post from my profile? thanks alot https://www.laohu8.com/m/post/168279065?lang=en_
  2021-06-18
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- Gamestonk:
  Sure
  2021-06-18
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fluttershy
·2021-06-18
Nice
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- XxShadowGee:
  ok
  2021-06-18
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pyrolysis
·2021-06-18
[微笑]
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pyrolysis
·2021-06-18
[财迷]
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JayChoong
·2021-06-18
Ok
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to I get my comments featured? 😅","listText":"How to I get my comments featured? 😅","text":"How to I get my comments featured? 😅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166400901","repostId":1133025835,"repostType":4,"repost":{"id":"1133025835","pubTimestamp":1624015886,"share":"https://www.laohu8.com/m/news/1133025835?lang=&edition=full","pubTime":"2021-06-18 19:31","market":"us","language":"en","title":"Piper Sandler upgrades Biogen, says Alzheimer's drug demand will be strong despite controversy","url":"https://stock-news.laohu8.com/highlight/detail?id=1133025835","media":"cnbc","summary":"The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about","content":"<div>\n<p>The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about the new treatment, and that should push the company’s stock higher, according 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new treatment, and that should push the company’s stock higher, according to Piper Sandler.\nThe...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/piper-sandler-upgrades-biogen-says-alzheimers-drug-demand-will-be-strong-despite-controversy.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIIB":"渤健公司"},"source_url":"https://www.cnbc.com/2021/06/18/piper-sandler-upgrades-biogen-says-alzheimers-drug-demand-will-be-strong-despite-controversy.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1133025835","content_text":"The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about the new treatment, and that should push the company’s stock higher, according to Piper Sandler.\nThe Food and Drug Administration’s approval of Aduhelm has been controversial, with multiple members of an FDA advisory committeeresigning in 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There are concerns about the effectiveness of the treatment.\nPiper Sandler analyst Christopher Raymond said in a note to clients on Friday that he shared some of those concerns but that Aduhelm would still be a winner for Biogen’s business. Raymond upgraded the stock to overweight from neutral.\n“Despite our misgivings regarding FDA’s handling of the Aduhelm approval, we find two new data points too positive to ignore, and thus believe the path of least resistance on this stock is decidedly higher,” the note said.\nThose positive data points include a survey that shows strong demand and expected uptake for the drug, despite concerns about its effectiveness, and an expectation that Medicare and Medicaid will not significantly limit the available patient base for reimbursement, Piper Sandler said.\n“Combining this with what we see as a low-probability but still completely free call option that Biogen wins on appeal with the Tecfidera IP case, we think the stock is likely to go higher in the near term,” the note said.\nThe firm hiked its price target to $450 from $384, representing upside of 17% from where the stock closed on 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