Is It Too Late to Buy Biogen Stock?
Biogen (NASDAQ: BIIB) hasn't been all that successful in wooing investors lately. The biotech's shares are currently valued at just 5 times sales and 19 times earnings, and over the past year, they've gained just 25%, far below the S&P 500's 40% return.
Furthermore, almost all of those gains came in response to the U.S. Food and Drug Administration's (FDA) conditional approval of Biogen's Alzheimer's disease drug, Adulhelm. That catalyst has been feeling progressively shakier over the past weeks. Is this a stock that investors can count on?
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Source Fool.com
