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Market Impact: 0.35

Biogen And Denali Stop BIIB122 Development After Phase 2b Parkinson's Trial Shows No Benefit

Healthcare & BiotechCorporate FundamentalsCompany Earnings

Biogen and Denali reported Phase 2b LUMA results for BIIB122 (DNL151) in early-stage Parkinson's disease, and the study found the drug did not slow disease progression. The negative clinical readout is a setback for the program and may pressure sentiment around both companies' neuroscience pipelines.

Analysis

Biogen and Denali reported Phase 2b LUMA results for BIIB122 (DNL151) in early-stage Parkinson's disease, and the study found the drug did not slow disease progression. The negative clinical readout is a setback for the program and may pressure sentiment around both companies' neuroscience pipelines.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.35

Ticker Sentiment

BIIB-0.35
DNLI-0.35