Is It Too Late to Buy Biogen Stock?
Sometimes, it pays big to bet on an upset. When the U.S. Food and Drug Administration (FDA) approved Biogen's (NASDAQ: BIIB) drug Aduhelm for Alzheimer's disease on June 7, its stock immediately popped nearly 64%, rewarding shareholders who had stayed the course through the long and difficult approval process.
With the Aduhelm victory fresh in hand, Biogen could be paving the way for other Alzheimer's therapies to follow, finally cracking the ice of the difficult-to-treat disease. At the same time, it's important to recognize that investing in a stock right after it shows itself to be a no-brainer is a great way to overpay. So, is it too late to catch the boat with Biogen, or is Aduhelm's rise to prominence only beginning?
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Source Fool.com
