Biogen Sets A High R&D Bar With A Pipeline That Extends Well Beyond MS

The company has recruited top talent and is studying some of the most challenging areas within pharma, including neurodegenerative and rare diseases, but the high-risk, high-reward nature of the pipeline has spooked some investors.

Biogen Inc. is targeting a broad array of challenging disease areas, extending well beyond the multiple sclerosis franchise that many investors are currently focused on. The company highlighted its top talent and full pipeline during a lengthy R&D overview Nov. 3, but some investors still need convincing that the high-risk, high-reward pipeline will deliver.

The R&D day included updates on high-profile late-stage drugs like anti-LINGO-1 for multiple sclerosis and aducanumab for Alzheimer’s disease, both...

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