BUZZ-Biogen down after US FDA extends review of Alzheimer's drug
Biogen Inc. BIIB | 0.00 |
** Shares of drugmaker Biogen BIIB.O fall 1.3% to $189 premarket
** Japan's Eisai and Biogen say the U.S. Food and Drug Administration has extended its review of their marketing application for a weekly under-the-skin version of their Alzheimer's drug Leqembi
** The new target action date is August 24 - BIIB
** The companies are seeking approval for the once-weekly subcutaneous injection, branded as leqembi iqlik, to be used as a starting dose for patients with early Alzheimer's disease
** The agency has not flagged any concerns so far about the drug's potential approval as a starting dose, companies say
** The drug, Leqembi, is already approved in the United States as an intravenous infusion
** Up to last close, stock up 8.7% YTD
