Biogen climbs higher on Spinraza sales; inks deal for two new neuromuscular drugs
Biogen is climbing on the Nasdaq Tuesday morning following news that it’s acquired two early-stage drugs for neuromuscular disorders, adding to the company’s pipeline of potential payouts.
The announcement came wrapped in the biotech giant’s second quarter financial statements, which also noted Biogen’s Spinraza sales had climbed to $423 million in Q2, more than double the second quarter figure in the same period last year.
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