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Biogen stock hits 52-week high at 190.34 USD By Investing.com
Biogen Inc. (BIIB) stock reached a 52-week high of $190.34, demonstrating a 31.14% increase over the last year and a 43.31% gain in the past six months, reflecting strong investor confidence. InvestingPro data highlights the company’s “GREAT” financial health, a P/E ratio of 16.92, and a strong free cash flow yield of 8%, suggesting undervaluation. Recent positive news includes results from the Phase 2/3 DEVOTE study and FDA Breakthrough Therapy Designation for litifilimab, alongside strategic positioning for its at-home Alzheimer’s drug.