BUZZ-Biogen falls on weak 2025 profit forecast

Reuters

02-12

BUZZ-Biogen falls on weak 2025 profit forecast

** Drugmaker Biogen's shares BIIB.O fall 1.32% to $137.55 premarket

** Co forecasts 2025 adj. profit between $15.25/shr and $16.25/shr, below analyst est. of $16.34/shr, according to data compiled by LSEG

** Co reports Q4 profit of $3.44/shr, higher than analyst est. of $3.35/shr

** BIIB said it expects revenue to decline by a mid-single digit percentage in 2025 compared to 2024

** Co posts 2024 rev. of $9.68 bln, down 2% from a year earlier

** Stock fell ~42% in the last 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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