Could This $6.5 Billion Acquisition Help Turn Biogen's Business Around?
(NASDAQ: BIIB) is an intriguing stock right now. Its business has struggled to generate growth in recent years, but some recent catalysts could turn things around. For starters, the company's Alzheimer's treatment, Leqembi, obtained approval from the Food and Drug Administration (FDA) earlier this year. Plus, it announced a significant $6.5 billion acquisition last month that could bolster its portfolio of drugs.
An acquisition can quickly impact a company's financials. Below, I'll look at what this deal means for Biogen's business, and whether it makes the stock a better buy moving forward.
On July 28, Biogen announced that it would be acquiring Reata Pharmaceuticals for approximately $6.5 billion ($7.3 billion when including debt). Biogen expects the deal to close before the end of the year.
Source Fool.com
Biogen Inc. Aktie
Die Biogen Inc. Aktie ist im Trend: Deutlich mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 287 € für Biogen Inc. bedeutet eine deutliche Steigerung von über 50% gegenüber dem aktuellen Kurs von 184.5 €.
