
Biogen Shares Jump 10% After Advancing Alzheimer's Tau Drug

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Biogen's shares surged 10% after the company announced progress with its Alzheimer's drug diranersen, despite a mid-stage study not meeting its primary goal. The drug targets tau, a protein linked to Alzheimer's, and showed potential benefits in slowing disease progression. Biogen's head of development highlighted a promising combination of tau reduction and cognitive benefits. This development may reignite interest in tau-targeting treatments, contrasting with current therapies focused on amyloid. Biogen's stock has risen 16% this year, reflecting investor optimism following setbacks in other tau-focused studies.
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