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Biogen shares slide 4% after EU advisory committee says it can’t agree to endorse company’s Alzheimer’s disease drug

Biogen shares slide 4% after EU advisory committee says it can't agree to endorse company's Alzheimer's disease drug

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Biogen Inc. shares BIIB, -3.78% slid 4% in premarket trade Wednesday, after the company said it had received a “negative trend vote” from an advisory committee to the European Medicines Agency for its Alzheimer’s disease treatment aducanumab. The vote means that the committee was unable to agree to grant authorization to the treatment, which has already won approval from the U.S. Food and Drug Administration, in a decision deemed controversial.

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