Biogen recently has been working to diversify its portfolio and reduce the risk level in its research and development pipeline, but BG00011 for idiopathic pulmonary fibrosis (IPF) will no longer contribute to those efforts now that the company has ended a Phase II study for the drug due to safety concerns.
Pressure is building for Biogen to produce a higher number of R&D wins than losses after the company's big bets on Alzheimer's disease have failed, including the amyloid-targeting antibody aducanumab...
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