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Biogen soars 64% after FDA approves first new Alzheimer's drug in 18 years

5 days ago   |   By Business Insider

Summary List Placement Shares of Biogen soared as much as 64% to their highest since 2015 on Monday after the US Food and Drug Administration approved the company's treatment for Alzheimer's disease .
The approval marks the first new drug for Alzheimer's in 18 years - and the first treatment cleared by American regulators to slow cognitive decline in people with Alzheimer's.
The drug, called aduhelm, is engineered to break down the sticky plaque that builds up in the brains of people with Alzheimer's. It was previously known as aducanumab.
The success of the Cambridge, Massachusetts-based...
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US regulators approve first Alzheimer's drug that targets underlying cause of the disease

US regulators approve first Alzheimer's drug that targets underlying cause of the disease

6 days ago   |   By RT

The US Food and Drug Administration has approved Biogen's new treatment for Alzheimer's disease, making it the first medication given a green light that aims to target the underlying causes of the devastating illness.
Called Aduhelm, the drug was approved by the FDA after clinical trials showed that the treatment successfully targets amyloid - the plaque that builds up in the brains of Alzheimer's sufferers - helping to slow the onset of the illness.
Developed by Biogen with Japan's Eisai Co., the drug is the first treatment that directly targets the cause of the disease, using existing...
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Brazil's president received a fine in Sao Paulo for violating local...

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