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Biogen shares slide as Medicare restricts cover of Alzheimer's treatments
New Delhi: A decision by the US Medicare to limit coverage of Alzheimer's treatments including Biogen's Aduhelm will hit sales of the controversial drug and dim prospects for similar treatments looking to enter the market, Wall Street analysts said.Shares of Biogen Inc fell 9% to $220.44 before the bell, while shares of other drugmakers developing similar treatments such as Eli Lilly and...
New Delhi: A decision by the US Medicare to limit coverage of Alzheimer's treatments including Biogen's Aduhelm will hit sales of the controversial drug and dim prospects for similar treatments looking to enter the market, Wall Street analysts said.
Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751