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Rising Tide Lifts Many Ships In Wake Of Eisai/Biogen’s Lecanemab Readout

Firms Boosted Regardless Of Alzheimer’s Drugs’ Mechanisms

 
• By Mandy Jackson

Eisai and Biogen had double-digit stock price gains based on the positive Phase III readout for lecanemab. The good news also lifted competitors Lilly and Roche as well as earlier-stage Alzheimer’s drug developers.

Boats competing in a sailing regatta in the Mediterranean Sea off Turkey
Lilly and Roche, neck-and-neck with Eisai and Biogen, also rose on the Clarity AD data • Source: Shutterstock

Eisai Co., Ltd. and Biogen, Inc. shocked investors and just about everyone else who has tracked the progress of amyloid-targeting therapies for Alzheimer’s disease when they reported what appear to be the first unequivocal Phase III success for the field. Both companies saw their stock prices surge in the US as a result and other Alzheimer’s drug developers, regardless of the mechanism of action for their candidates, saw their valuations increase as well.

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