In as much as growth concerns still remain a major challenge to Biogen Inc (NASDAQ:BIIB), it is rather consoling looking at how it has scored another intellectual property win for its investors. The Appeal Board together with the U.S. Patent Trial according to inside sources upheld a key piece of intellectual property on the company’s multiple sclerosis drug Tecfidera, and that followed a hedge fund’s challenge and that was in regards to its validity.
Tuesday morning witnessed a rise in shares, at a moment when most of the biotech stocks sold off sharply. Last year, there was high talk in the air with some people saying that matters would turn out in a disappointing way to the company’s shareholders.
Let us face it-Part of the stock’s lackluster performance arose from a midstage clinical setback. Well, the broader slowdown for biotech stocks from a speculative perspective might have been a reason to consider. The great news and which may impress or encourage the investors is the fact that 2017 might turn out to be different.
Biogen Inc, which happens to be one of the Best Biotech stocks, has in the recent past partnered with a number of great partners in making positive steps towards the enhancement of the medical field.
For instance, it partnered to develop and launch spinal muscular atropy but currently it looks forward to the drug’s approval before it can move forward to sell it to the potential consumers. To say the least, the drug may soon achieve monster success and that is according to analysts who have been making projections.
Will Tysabri launch as a medical product uplift Biogen or will it hurt it instead? That remains to be seen but as it is usually the case with a new product, the manufacturer looks forward to the drug gaining approval. In case it hurts Biogen’s sales, which will be quite unfortunate especially to those investing in the company.
If all goes well, Biogen shareholders might soon be the owners of a company with a remarkable growth trajectory. What the company needs to focus on is the development of drugs for to deal with neurological indications and if anything constructive comes up, the Biotech Stock News will cover it adequately.