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Three months into the launch of the Alzheimer’s disease treatment Aduhelm, only about 100 patients have received a dose of Biogen’s drug, STAT has learned.
According to a person familiar with the matter, the early days of Aduhelm’s launch have fallen far short of internal projections, and the company’s progress is drastically below Wall Street’s expectation that thousands of patients would be using the drug by now. Due to Aduhelm’s slow uptake and the concern that Biogen won’t meet its revenue targets, company executives are now considering a reduction in spending, which could include layoffs, the person said.
In a statement, Biogen did not comment on the number of patients who have received Aduhelm or on the potential for cost-cutting and layoffs. The company continues “to see a high level of patient interest, and we are making steady progress” on making Aduhelm widely available, a spokesperson said.
Read more.
According to a person familiar with the matter, the early days of Aduhelm’s launch have fallen far short of internal projections, and the company’s progress is drastically below Wall Street’s expectation that thousands of patients would be using the drug by now. Due to Aduhelm’s slow uptake and the concern that Biogen won’t meet its revenue targets, company executives are now considering a reduction in spending, which could include layoffs, the person said.
In a statement, Biogen did not comment on the number of patients who have received Aduhelm or on the potential for cost-cutting and layoffs. The company continues “to see a high level of patient interest, and we are making steady progress” on making Aduhelm widely available, a spokesperson said.
Read more.