NasdaqGS:BIIBBiotechs
Biogen Breakthrough Therapy Win Puts Litifilimab And Valuation In Focus
Biogen's litifilimab (BIIB059) has received FDA Breakthrough Therapy Designation for the treatment of cutaneous lupus erythematosus.
The designation is based on Phase 2 trial results that suggest litifilimab may address an unmet medical need in CLE.
This status may allow for expedited development and review of the therapy by the FDA.
For investors watching NasdaqGS:BIIB, the new designation comes with the stock trading at $179.89 and a 25.0% return over the past year, while longer term...