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BIIB FDA decision: Jul 13, 2026

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LEQEMBI IQLIK (lecanemab-irmb) (at-home injection) was approved by the FDA on July 13, 2026 for early Alzheimer's disease.

LEQEMBI IQLIK (lecanemab-irmb) subcutaneous injection approved as an initiation (starting) dose for early Alzheimer's disease (Jul 13 2026).

Run-up into the decision (T-120 → T+5)

PDUFA 7/13/26$216.63$164.421/16/26
Daily close, T-120 (1/16/26) through T+2. Run-up high $216.63 on 6/29/26, low $164.42 on 1/16/26 (T-120 to T-1). FDA decision 7/13/26. Historical price action, not a forecast.

Key facts

FDA decision date2026-07-13
OutcomeApproved
Drug / candidateLEQEMBI IQLIK (lecanemab-irmb) (at-home injection)
IndicationEarly Alzheimer's disease
CompanyBiogen Inc.
Market-cap tierLarge
120-day run-up (T-120→T-1)+21.1%
Cohort decision-day move (history)1.0% median (n=837)

The PDUFA goal date was August 24, 2026, itself a three-month extension announced May 8, 2026, after the FDA deemed additional information a major amendment to the sBLA. The FDA approved on July 13, 2026, about six weeks early. Subcutaneous maintenance dosing was approved separately on August 26, 2025; this decision covers the starting dose.

Run-up figures are the stock's own daily closing path over the 120 trading days before the decision, from our price history. Cohort move is the historical median absolute decision-day move for this market-cap tier. History, not a prediction.

Primary source: Eisai / Biogen investor release, July 13, 2026

FDA record of the action: the FDA approved on July 13, 2026, per BLA 761375 SUPPL-1 (FDA letter). The sponsor announced it the same day. Action dates on pdufa.bio come from the FDA's own record, not the press release. Every FDA action we hold, by FDA date: FDA approval letters.

Specialist biotech funds holding BIIB, 13F for the quarter ended June 30, 2026

FundSharesValue at quarter endFiling
Perceptive Advisors276,173$59.7 millionfiled August 14, 2026
OrbiMed Advisors61,600$13.3 millionfiled August 14, 2026

13F reports list long positions in common stock at quarter end, are due 45 days later, and show no short positions or later trades. Notes, warrants and other instruments are not counted as shares.

Questions

Was LEQEMBI IQLIK (lecanemab-irmb) (at-home injection) approved by the FDA?

Yes. The FDA approved the application for LEQEMBI IQLIK (lecanemab-irmb) (at-home injection) on July 13, 2026, per the FDA's own record. The primary source is linked on this page.

Which company is behind LEQEMBI IQLIK (lecanemab-irmb) (at-home injection)?

LEQEMBI IQLIK (lecanemab-irmb) (at-home injection) is a Biogen Inc. (BIIB) program. The FDA decision came on July 13, 2026; the company's own announcement is linked on this page.

How did BIIB stock trade into the FDA decision?

Measured over the 120 trading days before the decision (T-120 to T-1), BIIB moved +21.1%. That is the recorded price path into this specific event. Historical measurement, not a prediction, and not investment advice.