JPMorgan analyst Chris Schott says Biogen (BIIB) presented full data from the lecanemab Phase 3 CLARITY-AD study with overall results consistent with the positive headlines results from the trial. He expects a continued debate on the magnitude of benefit seen with lecanemab but says the drug’s impact to patients appears highly consistent along all measurable endpoints "that clearly improved over time." The full data should increase confidence in the likelihood of full approval and reimbursement for lecanemab, Schott tells investors in a research note. He expects Biogen shares, and to a lesser extent Eli Lilly (LLY), shares to react favorably to the results. The CLARITY-AD results continue to support a high probability of success for Eli Lilly’s donanemab, contends Schott.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BIIB:
- MRNA, BIIB, or IQV: Which Biotech Stock Earns the Street’s “Strong Buy” Rating?
- Biogen and Eisai’s Alzheimer’s Drug May Pose Serious Risks, Say Researchers
- Biogen price target raised to $313 from $275 at Barclays
- Piper keeps lecanemab thesis after full data presentation
- Eisai and Biogen present full results for Lecanemab phase 3 study in AD