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Stock Market & Financial Investment News

News Breaks
July 9, 2014
07:23 EDTBIIBBiogen price target raised to $375 from $325 at RBC Capital
RBC Capital increased its price target on Biogen as the firm predicts the company will report stronger than expected 2H14 results and thinks that upcoming positive data on key drugs could push the stock higher. The firm recommends that investors own the stock ahead of data expected to be released at the end of this year and in spring 2015. It keeps an Outperform rating on the shares.
News For BIIB From The Last 14 Days
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December 19, 2014
09:48 EDTBIIBBiogen should be bought on weakness after Roche drug halted, says Evercore ISI
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08:53 EDTBIIBBiogen drug, trial differs from Roche Alzheimer's drug, says RBC Capital
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08:51 EDTBIIBBiogen drops 2% after Roche discontinues Alzheimer drug trial
Shares of Biogen (BIIB) are moving lower after Roche (RHHBY) announced the discontinuation of its Alzheimer's drug gantenerumab, which was in Phase III testing. Analysts at Wells Fargo said Roche's trial failure adds risk to Biogen's potential treatment of Alzheimer's. Shares of Biogen are down $8.20 to $345.50 in pre-market trading.
December 12, 2014
08:01 EDTBIIBPiper predicts two large-cap biotechs could be acquired in 2015
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December 9, 2014
12:22 EDTBIIBPiper Jaffray biopharm analyst holds an analyst/industry conference call
Senior Research Analyst Schimmer, along with Biopharmaceuticals Analyst Breazzano, discuss gene therapy for hemophilia on an Analyst/Industry conference call to be held on December 11 at 10 am.

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