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Is Biogen stock a buy or sell as ALS study falls short of primary endpoints?

Is Biogen stock a buy or sell as ALS study falls short of primary endpoints?

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On Monday, Biogen Inc. (NASDAQ:BIIB) shares edged lower after announcing crucial data from the Phase 3 study for tofersen in patients with amyotrophic lateral sclerosis (ALS).  According to the data, the double-blind, placebo-controlled VALOR study, involving 108 ALS patients with superoxide dismutase 1 (SOD1) genetic mutation failed to meet primary endpoints with statistical significance.

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