Biogen (BIIB) Target Raised to $215 at Jefferies after Tecfidera Approved with Favorable Label

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What Next for Biogen (BIIB)? Anlaysts Weigh In

March 27, 2013 5:43 PM EDT

On Tuesday Biogen's (NASDAQ: BIIB) Tecfidera/BG12 was approved by the FDA. In addition to approval, the drug's label is considered "clean" .

Commenting on news, analyst Brian Abrahams of Wells Fargo said, "Overall the label reads relatively favorably, in our view, as expected . . . all eyes will now... More

Biogen Idec (BIIB) Affirms Receipt of FDA Approval for TECFIDERA as MS Treatment

March 27, 2013 4:25 PM EDT

Today Biogen Idec (NASDAQ: BIIB) announced that the U.S. Food and Drug Administration (FDA) has approved TECFIDERA (dimethyl fumarate), a new first-line oral treatment for people with relapsing forms of multiple sclerosis (MS). Biogen Idec will make this oral capsule available to people living with MS in the United States in the coming days.

TECFIDERA has... More

UPDATE: Biogen Idec (BIIB) wins FDA approval for MS pill

March 27, 2013 3:34 PM EDT

(Updated - March 27, 2013 3:35 PM EDT)

Biogen Idec, Inc. (NASDAQ: BIIB) wins FDA approval for MS pill.

UPDATE - The FDA release is below:

The U.S. Food and Drug Administration today approved Tecfidera (dimethyl fumarate) capsules to treat adults with relapsing forms of multiple sclerosis (MS).

MS is a chronic, inflammatory, autoimmune disease of the central nervous system that disrupts communication between the brain and other parts of the body. It is among the most common causes of... More