Did You Own Biogen ($BIIB) During Its 28% Collapse? Investors Settlement Is Available Now
Hey guys, if you missed it, Biogen just settled with investors over claims about its aducanumab clinical trial data and the failed ENGAGE study.
Long story short, in 2020, Biogen was accused of misleading investors about why ENGAGE failed while EMERGE showed positive results. After FDA briefing materials raised serious concerns, the FDA Advisory Committee voted 10-0 that the data did not support aducanumab’s effectiveness.
After this news came out, $BIIB fell 28.2%, and investors filed a lawsuit over their losses.
The good news is that Biogen has now agreed to settle the case. So, if you invested in $BIIB between 2019 and 2020, you can already check the details and [submit ](https://11th.com/cases/biogen-investor-settlement)your claim.
Anyway, has anyone here invested in $BIIB at that time? How much were your losses, if so?