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BIIB Biogen Inc

226.88
1.54 (0.68%)
15 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Biogen Inc NASDAQ:BIIB NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.54 0.68% 226.88 227.00 227.43 227.30 222.01 226.10 1,127,000 00:31:05

Biogen to Discontinue Clinical Development of Potential Treatment for Alzheimer's

16/06/2021 10:24pm

Dow Jones News


Biogen (NASDAQ:BIIB)
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   By Stephen Nakrosis 
 

Biogen Inc. said Wednesday it would discontinue clinical development of gosuranemab, which was being investigated as a potential treatment for Alzheimer's disease.

The company said its decision was based on results of its Phase 2 TANGO study of gosuranemab, an investigational anti-tau antibody. Biogen said the treatment didn't meet its primary efficacy endpoint "of change from baseline at week 78 on the Clinical Dementia Rating Scale-Sum of Boxes compared to placebo in patients with mild cognitive impairment due to Alzheimer's disease and mild Alzheimer's disease dementia." The company also said the treatment was well tolerated and safety outcomes were consistent with earlier studies.

Alfred Sandrock, head of Research and Development at Biogen, said, "While we are disappointed by the results of the Phase 2 study of gosuranemab, we know that the path to innovation is not a straight line, and that we always learn from each trial." He also said, "We are investing in a broad neuroscience pipeline, including other tau approaches for Alzheimer's disease."

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

June 16, 2021 17:16 ET (21:16 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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