New Biogen factory building. Photo: PictureDesignSwiss/Shutterstock.com 1st Circ. OKs Class Action Claim Against Biogen Over Statement Regarding Alzheimer's Drug Dose-Response Relationship
According to the court, "some patients did better on a lower dose and others experienced the same lack of clinical benefit whether they were on the higher dose or not," and therefore, the defendants failed to disclose the subgroup data, "which would have contextualized their 'all data' claim," leading the complaint to plausibly allege that the defendants' omission misled investors.
October 18, 2023 at 06:18 PM
4 minute read
Pharmaceuticals
The U.S. Court of Appeals for the First Circuit affirmed a lower court's dismissal of investors' securities fraud claims against Biogen, except in regard to a statement about an Alzheimer drug's dose-response relationship.
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