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Biogen up 4% after Novo Alzheimer’s drug trial misses key target

Shares of Biogen (BIIB) are up $7.51, or 4% to $182.81 in pre-market trading after Novo Nordisk (NVO) announced that the 2-year primary analysis of evoke and evoke+ phase 3 trials in early-stage symptomatic Alzheimer’s disease did not confirm superiority of semaglutide versus placebo in the reduction of progression of Alzheimer’s disease.

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