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Enter Symbol:
 
Biogen Idec Inc (BIIB) [hlAlert]

Rating:
Sell BIIB
down 83.17 %

Biogen Idec Inc (BIIB) rated Sell with price target $38 by Brean Murray

Posted on: Wednesday,  Jan 28, 2009  8:25 AM ET by Brean Murray

Brean Murray rated Sell Biogen Idec Inc (NASDAQ: BIIB) on 01/28/2009, when the stock price was $51.22. Since
then, Biogen Idec Inc has gained 494.47% as of 01/07/2016's recent price of $304.49.
If you would have followed this Brean Murray's recommendation on BIIB, you would have lost 83.17% of your investment in 2535 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.

Our equity research department is focused on fundamental analysis across the universe of over 200 small/mid cap stocks in our five target sectors. We are committed to providing proprietary action-oriented research to our institutional clients. Small cap growth focus. Our primary area of concentration is growth stocks with market capitalization of $200 million to $5 billion. Global perspective. We are covering U.S. listed stocks for companies domiciled in the U.S., China, Europe and Latin America, with our biggest concentration in the US and China. We were one of the first banks to aggressively expand our research to China and we believe we created one of the premier research franchises in small cap, U.S. listed Chinese companies to complement our strong domestic coverage. Disciplined stock selection. Our research analysts are focused on performing extensive bottoms up due diligence on companies under our coverage by leveraging their industry and management contacts. By combining our bottoms up work with our sector views we seek to generate a consistent flow of high conviction ideas for our clients. Diversified coverage. Our areas of expertise include technology, consumer, healthcare, resources and China small cap. We provide our clients with company-specific as well as sector-specific research across our target sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2009 8:25 AM Sell
None
51.22 38.00
as of 12/31/2009
1 Week down  -27.81 %
1 Month down  -42.24 %
3 Months down  -32.16 %
1 YTD down  -30.35 %

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