Biogen announces job cuts, turns focus to Alzheimer's drug launch

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Go back to Biogen announces job cuts, turns focus to Alzheimer's drug launch

Biogen (BIIB) tops earnings expectations, reveals workforce reduction

July 25, 2023 9:22 AM EDT

Biogen (NASDAQ: BIIB) shares are trading higher premarket after topping second-quarter earnings and revenue expectations. The company also revealed it will cut jobs in order to save costs.

BIIB reported Q2 EPS of $4.02, $0.24 better than the analyst estimate of $3.78, while revenue for the quarter came... More