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Biogen Stock Rises After Earnings, Jump in Sales of Alzheimer’s Drug

Biogen Stock Rises After Earnings, Jump in Sales of Alzheimer’s Drug

Biogen stock moved higher after the biopharmaceutical company reported better-than-expected earnings and a hefty increase in sales of its Alzheimer’s drug. Biogen reported first-quarter adjusted earnings of $3.67 a share from revenue of $2.29 billion. Optimistic commentary from Biogen regarding its Alzheimer’s treatment Leqembi contributed to Wednesday’s gain.