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Biogen (BIIB) Deep Dive: Navigating the Pivot from MS Giant to Neuro-Innovation Powerhouse
Biogen (BIIB) is undergoing a significant transformation, moving from an MS-focused company to a neuro-innovation powerhouse. Despite a challenging past with the Aduhelm controversy and patent cliffs, the company’s recent Q4 2025 earnings beat and aggressive 2026 guidance, driven by new treatments like Leqembi and Skyclarys, suggest a positive outlook under CEO Christopher Viehbacher’s leadership. The company faces competition and regulatory hurdles but aims for growth through strategic partnerships, acquisitions, and a pipeline focused on neurodegenerative and rare diseases.