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Biogen Idec Inc (BIIB) [hlAlert]

down 3.57 %

Biogen Idec Inc (BIIB) rated Buy with price target $380 by H.C. Wainwright

Posted on: Tuesday,  Aug 11, 2015  8:25 AM ET by HC Wainwright

HC Wainwright rated Buy Biogen Idec Inc (NASDAQ: BIIB) on 08/11/2015, when the stock price was $315.78. Since
then, Biogen Idec Inc has lost 3.58% as of 01/07/2016's recent price of $304.49.
If you would have followed this HC Wainwright's recommendation on BIIB, you would have lost 3.57% of your investment in 149 days.

Biogen Idec Inc. is engaged in the development, manufacturing, and commercialization of therapies. The Company?s products address diseases such as multiple sclerosis, non-Hodgkin?s lymphoma (NHL), rheumatoid arthritis (RA), crohn?s disease (CD) and psoriasis. The Company has four products: AVONEX (interferon beta-1a), RITUXAN (rituximab), TYSABRI (natalizumab) and FUMADERM (dimethylfumarate and monoethylfumarate salts). AVONEX is used in the treatment of relapsing forms of multiple sclerosis (MS). RITUXAN is one of the selling oncology therapeutics. In the United States, RITUXAN is approved for NHL. TYSABRI is approved for the treatment of relapsing forms of MS. FUMADERM acts as an immunomudulator. The Company also has product candidates, such as BG-12, which is a oral fumarate; ANTI-CD80 monoclonal antibody (MAb)(galiximab); ANTI-CD23 MAb (lumiliximab); Humanized Anti-CD20 MAb (ocrelizumab), Lixivaptan, an oral compound for the potential treatment of hyponatremia, and ADENTRI.

HC Wainwright
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/11/2015 8:25 AM Buy
315.78 380.00
as of 8/27/2015
1 Week down  -1.45 %
1 Month down  -3.57 %
3 Months   
1 YTD down  -3.57 %

(*) Stock Price at the time of the recommendation.
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