This release says... "The Thesis Biogen’s fate is seen to hinge on its Alzheimer’s therapy, with the odds of success being better than 50-50, Matteis said in a note.
“From a sentiment perspective, we think the stock — in a positive or negative Alzheimer's scenario — could overshoot its fundamental value,” the analyst said.
Stifel read Phase 1b aducanumab data with more forgiveness than investors did given the treatment’s differentiated profile.