Science yesterday announced the death of a patient taking Biogen’s lecanemab, which is the second death discovered as one was first reported by STAT in October, Mizuho analyst Salim Syed tells investors in a research note. Both of the patients died of brain hemorrhage, the analyst points out. He says that while cerebral amyloid angiopathy "is now becoming a new risk item for the beta-amyloid space," Street models "were never fully-loaded for lecanemab." Syed points out that both patients were on at least one blood thinning agent. The analyst keeps a Buy rating on Biogen with a $325 price target.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BIIB:
- Biogen and Eisai’s Alzheimer’s Drug May Pose Serious Risks, Say Researchers
- Mizuho healthcare analysts to hold an analyst/industry conference call
- Second death linked to Eisai’s lecanemab Alzheimer’s drug, Science says
- Hedge Fund Point 72 Builds Position in These Stocks; Should You?
- Early notable gainers among liquid option names on November 14th