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Is Biogen a Buy?

TheMotleyFool

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Is Biogen a Buy?Photo, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Over the past year, shares of Biogen (NASDAQ: BIIB) have dropped by 13.25% while the S&P 500 has climbed by 23.74%. The biotech's poor performance might come as a bit of a surprise since last year its Alzheimer's disease (AD) drug Aduhelm became the first medicine approved in the U.S. for the illness since 2003.

But this high-profile regulatory success hasn't been enough to help Biogen's stock, and some serious questions remain about the new medication. Do the company's recent woes represent a buying opportunity or should investors stay away? Let's look closer at what's going on with Biogen and decide whether it's worth purchasing its shares.