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Data updated: May 24, 2026

Biogen

BIIB Biotech
NeurologyImmunologyOncology Execution: Good

Neuroscience-focused biotech with MS portfolio (Tecfidera, Tysabri) and controversial Alzheimer's drug Leqembi. Pioneer in neurological diseases.

$9.8B
Revenue (2024)
$22.0B
Market Cap
-
Trials
0
New Drugs (2yr)
Modality:
6 Small Molecules 4 Biologics
Novel Drugs (2016-2023):
6 Novel Approvals 4 First-in-Class 3 Orphan Drug

Biogen at a Glance

  • Leading 5 drug targets across portfolio
  • Fast trial execution (16 months median completion)

Recent FDA Approvals

New drug approvals (NDA/BLA) in the last 2 years. Shows novel drugs only, excluding generics and label supplements.

No recent approvals

Therapeutic Areas

Disease areas where this company has approved drugs and active pipeline. Weighted by commercial stage: approved drugs count most, followed by late-stage trials.

Neurology 70%
5 drugs Phase 3: 37 Phase 2: 25 Phase 1: 44
Immunology 13%
2 drugs Phase 3: 4 Phase 2: 10 Phase 1: 4
Oncology 7%
0 drugs Phase 3: 1 Phase 2: 4 Phase 1: 16
Metabolic 6%
0 drugs Phase 3: 1 Phase 2: 8 Phase 1: 3
Cardiovascular 4%
0 drugs Phase 3: 3 Phase 2: 2

Pipeline Snapshot

Active clinical trials across all therapeutic areas. Data from ClinicalTrials.gov.

46
Phase 3
49
Phase 2
67
Phase 1

Phase 3 Readout Calendar Pro

8 Phase 3 trials with confidence-graded primary completion dates.

Full calendar →
Q3 2026
Nusinersen
Muscular Atrophy, Spinal
Estimated · fresh NCT04729907
Q3 2026
Litifilimab
Lupus Erythematosus, Systemic
Estimated · fresh NCT04961567
Q3 2026
Litifilimab
Lupus Erythematosus, Systemic
Estimated · fresh NCT04895241
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Anchored on CT.gov primary completion date. Topline announcements typically precede this by 3–9 months. Confidence labels combine date type (ACTUAL/ESTIMATED) with last-update freshness.

Pro Intelligence Preview

Deep insights for investors and analysts

Revenue Insights

  • SPINRAZA leads revenue
  • 5 key drugs tracked
View revenue breakdown →

Trial Catalysts

  • Neurology pipeline focus
  • 8 Phase 3 readouts tracked
View readout calendar →

Patent Risk

  • Patent expiration timeline
  • Revenue at risk analysis
View patent timeline →

Compare Companies

  • Side-by-side pipeline analysis
  • Revenue & market share comparison
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Execution Intelligence

  • Phase 3: 34/76 completed
  • Speed: 16 months avg
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Revenue forecasts • Trial milestones • Patent risk modeling

How We Calculate These Metrics

Execution Quality Score

Measures trial completion rates weighted by phase importance. Phase 3 trials count 4x more than Phase 1 because late-stage completion is harder and more valuable.

What counts as "completed": A trial that reached its planned endpoint and reported results. Trials that were terminated early, withdrawn, or suspended are not counted as completed—these often indicate safety issues, lack of efficacy, or strategic pivots.

  • Excellent (80%+): Top-tier execution, most trials reach planned endpoints
  • Good (60-79%): Strong execution with occasional early terminations
  • Fair (40-59%): Average execution, notable rate of terminated/withdrawn trials
  • Needs Improvement (under 40%): High termination rates, execution challenges