<center>https://mentormarket.io/wp-content/uploads/2019/03/bio.jpg</center> <br/><blockquote class="wp-block-quote"><p>Alzheimer's disease is a progressive and irreversible brain disorder that is characterized by a steady decline in cognitive, behavioral and physical abilities severe enough to interfere with everyday life and necessitate full time care.</p><p>Individuals with Alzheimer's disease may have trouble finding the right words to use, recognizing objects (such as a pencil), recognizing family and friends, and may become frustrated, irritable, and agitated. As the disease progresses, physical problems may include loss of strength and balance, and diminishing bladder and bowel control.</p><p>As more and more of the brain is affected, areas that control basic life functions, like swallowing and breathing, become irreversibly damaged, resulting eventually in death.</p><p>The Alzheimer's Association estimates that 5.5 million people age 65 and older have Alzheimer's disease in the United States. </p>
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<p style="text-align:center"><a href="https://dshs.texas.gov/alzheimers/qanda.shtm">Source</a></p>
<p>NOTE: that would mean about 115 million people in the world have Alzheimer’s disease.</p>
<p>Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases worldwide. Yesterday, shares of Biogen sank 30% and destroying $18 billion of market value, after the company and Japanese partner Eisai announced they were discontinuing late-stage clinical trials of aducanumab, a drug candidate for treating Alzheimer's disease.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-428-1024x501.png" alt="" class="wp-image-12105" />
<p>Aducanumab was designed to reduce abnormal protein deposits called amyloid plaques in the brains of Alzheimer's patients, but the endpoint wasn’t being met during the trials.</p>
<center><img src="https://mentormarket.io/wp-content/uploads/2019/03/image-429.png" alt="" class="wp-image-12106" />
<p style="text-align:center"><a href="https://newsnetwork.mayoclinic.org/discussion/tuesday-q-and-a-alzheimers-can-often-be-identified-in-its-earliest-stages/">Source</a></p>
<p>Biogen also had two other drug candidates to tackle Alzheimer's, but those drugs are in jeopardy based on the Aducanumab’s failure.</p>
<p>Biogen has collaboration agreements with around a dozen drugmakers and based on a free cash flow valuation, the stock is cheap.&nbsp; So is it time to by Biogen, lets go to the charts?</p>
<p>Monthly Chart (Curve Timeframe) - the monthly demand is at $190 and monthly supply is at $380.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-430-1024x503.png" alt="" class="wp-image-12107" />
<p>Weekly Chart (Trend Timeframe) – the trend is sideways .</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-431-1024x505.png" alt="" class="wp-image-12108" />
<p>Daily Chart (Entry Timeframe) – the chart suggests to go long if price goes down to the daily demand at $198.</p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-432-1024x503.png" alt="" class="wp-image-12109" />
<p>This post is my personal
opinion. I’m not a financial advisor, this isn't financial advise. Do your own
research before making investment decisions.</p>
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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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