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Biogen’s Salanersen Receives FDA Breakthrough Therapy Designation for Spinal Muscular Atrophy

(Positive)
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Biogen (Nasdaq: BIIB) announced that the FDA granted Breakthrough Therapy Designation to investigational antisense oligonucleotide salanersen for spinal muscular atrophy (SMA). The designation is supported by Phase 1b data in children with suboptimal response to prior gene therapy, showing motor function gains and reduced neurofilament levels. Salanersen is dosed once yearly and was generally well-tolerated. A global Phase 3 program, including STELLAR-1, STELLAR-2 and SOLAR, is underway or preparing to recruit across presymptomatic infants, teens and adults with SMA.

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Positive

  • FDA Breakthrough Therapy Designation for salanersen in SMA
  • Phase 1b data show motor function improvements after once-yearly salanersen
  • Evidence of slowed neurodegeneration via reduced neurofilament levels
  • Salanersen generally well-tolerated in Phase 1b study
  • Three global Phase 3 studies (STELLAR-1, STELLAR-2, SOLAR) planned or recruiting
  • Regulatory recognition of potential substantial improvement over available SMA therapies

Negative

  • Salanersen remains investigational with efficacy yet to be confirmed in Phase 3
  • Current supporting data are from an exploratory Phase 1b analysis
  • STELLAR-2 has not yet started recruitment as of June 2026

News Market Reaction – BIIB

+0.25%
+0.25% News Effect

On the day this news was published, BIIB gained 0.25%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights FDA Breakthrough Therapy Designation for salanersen, an investigational...
Analysis

This announcement highlights FDA Breakthrough Therapy Designation for salanersen, an investigational once‑yearly antisense oligonucleotide for SMA, based on Phase 1b data showing motor function gains and reduced neurofilament levels in patients with suboptimal response to gene therapy. With three Phase 3 trials—STELLAR‑1, STELLAR‑2, and SOLAR—spanning infants to adults, key metrics to watch include functional outcomes, durability of response, safety, and how salanersen integrates into the evolving SMA treatment landscape.

Key Figures

Infant age (STELLAR-1): under 6 weeks old Teen/adult age (SOLAR): 15–60 years Gene therapy timing: 6 weeks of age or younger +5 more
8 metrics
Infant age (STELLAR-1) under 6 weeks old Treatment-naïve, presymptomatic infants in STELLAR-1 Phase 3 study
Teen/adult age (SOLAR) 15–60 years Teens and adults with SMA in SOLAR Phase 3 study
Gene therapy timing 6 weeks of age or younger Age at presymptomatic gene therapy in STELLAR-2 trial design
Salanersen dosing once-yearly Investigational antisense oligonucleotide regimen in SMA
STELLAR-2 initiation ~6 months after gene therapy Timing of salanersen start post-onasemnogene in STELLAR-2
Price change 3.78% BIIB move on reference day before/around SMA designation news
52-week range $121.05–$205.97 BIIB 52-week low and high before this news
Market cap $27,878,316,803 BIIB equity value at reference price

Historical Context

5 past events · Latest: May 28 (Neutral)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 28 Conference participation Neutral -0.2% Stoke Therapeutics announced June conference presentations for senior executives.
May 14 Clinical trial update Negative -6.4% Diranersen Phase 2 CELIA missed primary endpoint but showed biomarker and cognitive signals.
May 08 Regulatory timeline Neutral +1.1% FDA extended LEQEMBI IQLIK PDUFA date by three months without flagging approvability issues.
May 07 Index & M&A update Neutral +1.1% S&P index changes reflected Biogen’s pending acquisition of Apellis Pharmaceuticals.
May 07 Earnings & pipeline Positive +1.1% Stoke Therapeutics reported solid cash position and progressing Phase 3 EMPEROR trial.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent Biogen news often prompts clear directional moves: mixed clinical data drew a sharper selloff, while regulatory and corporate updates saw modest gains. Only one recent event shows price diverging from a neutral headline.

Recent Company History

Across recent news, Biogen balanced pipeline and corporate developments with financial stability. On May 14, mixed Phase 2 CELIA data for diranersen led to a -6.43% move despite plans to advance development. Regulatory updates around LEQEMBI, S&P index changes tied to the Apellis deal, and earnings-related items generally saw small positive reactions. Against this backdrop, the salanersen Breakthrough Therapy Designation adds another late‑stage neurology catalyst to an already active pipeline and M&A story.

Key Terms

breakthrough therapy designation, spinal muscular atrophy, antisense oligonucleotide, gene therapy, +4 more
8 terms
breakthrough therapy designation regulatory
"the U.S. Food and Drug Administration (FDA) has granted salanersen Breakthrough Therapy Designation"
A breakthrough therapy designation is a regulatory fast-track given to a drug or treatment that shows early signs of providing a major improvement over existing options for a serious condition. Think of it as a VIP lane that can speed up development and more intensive guidance from regulators, which matters to investors because it can shorten time to market, reduce development risk and potentially increase a company’s value — though it does not guarantee approval.
spinal muscular atrophy medical
"for the treatment of spinal muscular atrophy (SMA)"
A genetic condition in which the “wiring” between the spinal cord and muscles fails, causing progressive loss of muscle strength and motor skills from infancy through adulthood as the nerve cells that move muscles deteriorate. Investors pay attention because the condition creates a clear, long-term need for specialized therapies, diagnostics and ongoing care — meaning successful drugs or tests can attract premium pricing, sustained demand and significant regulatory and reimbursement scrutiny that materially affect biotech and healthcare valuations.
antisense oligonucleotide medical
"Salanersen is an investigational novel antisense oligonucleotide (ASO)"
An antisense oligonucleotide is a small piece of synthetic genetic material designed to attach to specific molecules in the body’s cells, effectively blocking or modifying how genes are expressed. This technology is important because it can be used to develop targeted treatments for certain diseases, which may influence the value of biotech companies and the broader healthcare sector. Its development reflects advances in personalized medicine and gene-based therapies.
gene therapy medical
"children with SMA previously treated with gene therapy who had suboptimal clinical status"
Gene therapy is a medical technique that involves altering or replacing faulty genes in a person's cells to treat or prevent disease. It is considered a promising area of innovation because it has the potential to provide long-term or even permanent solutions to genetic conditions. For investors, advancements in gene therapy can signal opportunities in biotech companies and emerging treatments with significant growth potential.
neurodegeneration medical
"experienced slowing of neurodegeneration and clinically meaningful improvements"
Neurodegeneration is the gradual damage and loss of nerve cells in the brain and nervous system, producing symptoms such as memory decline, impaired movement, or thinking problems. Think of it like electrical wiring in a house slowly fraying, which undermines how the system runs. For investors it matters because it drives demand for diagnostics, treatments and long-term care, influences regulatory risk and trial outcomes, and can significantly affect the value of health-care and biotech companies.
neurofilament medical
"slowing of neurodegeneration, as measured by reduced neurofilament levels"
A neurofilament is a structural protein that helps give nerve cells their shape and strength and is released into spinal fluid or blood when those cells are damaged; think of it like a building’s steel beam that sheds rust when the structure is harmed. Investors care because measuring neurofilament levels offers a simple, measurable signal of nerve injury used to track disease progression, select patients and show whether a drug is working in clinical trials, which can affect a therapy’s market prospects and risk profile.
randomized, double-blind, sham-controlled medical
"a randomized, double-blind, sham-controlled study, will evaluate the effects"
A randomized, double-blind, sham-controlled trial is a type of medical study where participants are randomly assigned to either receive the real treatment or a fake version that mimics the procedure, and neither the participants nor the researchers know who got which until the study ends. This design aims to remove bias and show whether a treatment truly works beyond expectations or placebo effects; investors care because it provides stronger, more reliable evidence about a product’s safety and effectiveness, which affects regulatory approval, market potential, and commercial risk.
phase 3 medical
"advance the Phase 3 studies designed to establish the role of salanersen"
Phase 3 is the late-stage clinical testing step for a new drug or medical treatment, where the product is given to large groups of patients to confirm effectiveness, monitor side effects, and compare it to standard care. Successful Phase 3 results are often the final scientific hurdle before regulators decide on approval and market launch—like passing a final exam before graduation—and can sharply change a company's valuation and future revenue prospects.

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  • Designation is supported by an exploratory analysis from the Phase 1b study showing that some children with SMA previously treated with gene therapy who had suboptimal clinical status experienced slowing of neurodegeneration and clinically meaningful improvements in motor function following initiation of salanersen
  • Salanersen is an investigational antisense oligonucleotide dosed once-yearly with the potential to be a meaningful therapy in the future SMA treatment landscape

CAMBRIDGE, Mass., June 04, 2026 (GLOBE NEWSWIRE) --   Biogen Inc. (Nasdaq: BIIB) announced today that the U.S. Food and Drug Administration (FDA) has granted salanersen Breakthrough Therapy Designation for the treatment of spinal muscular atrophy (SMA). Breakthrough Therapy designation is a process designed to expedite the development and review of drugs that are intended to treat a serious condition, and preliminary clinical evidence indicates that the drug may demonstrate substantial improvement over available therapy on a clinically significant endpoint(s). Salanersen is an investigational novel antisense oligonucleotide (ASO) and has the potential to offer high efficacy in SMA with once-yearly dosing.

“The FDA’s designation of salanersen as a breakthrough therapy recognizes that there is continued unmet need in spinal muscular atrophy, and there is more that can be done for people impacted by the disease,” said Diana Castro, M.D., of the Neurology Rare Disease Center in Flower Mound, Texas. “In the Phase 1b study of salanersen, we saw unexpected improvements on exploratory endpoints in children previously dosed with gene therapy who gained critical functions, such as sitting and walking, after receiving salanersen. We are excited about the potential of salanersen and eager to help advance the Phase 3 program.”

The FDA’s decision is based on data from the Phase 1b study of salanersen, which were recently presented at the 2026 Muscular Dystrophy Association (MDA) Clinical & Scientific Conference and the 5th International Scientific Congress on SMA (SMA Europe 2026). After initiation of once-yearly salanersen in children with SMA who had a suboptimal response to prior gene therapy, clinically meaningful improvements in motor function were observed as well as slowing of neurodegeneration, as measured by reduced neurofilament levels. Salanersen was generally well-tolerated in the study.

“This designation reflects the FDA's continued commitment to SMA and its recognition of the potential meaningful impact salanersen may offer,” said Kenneth Hobby, President of Cure SMA. “It affirms what our SMA community has recently communicated to the agency: urgent, unmet needs remain, and promising therapies deserve a rapid path forward.”

“This designation reflects the FDA’s determination that salanersen has the potential to demonstrate substantial improvement over available therapies,” said Stephanie Fradette, Pharm.D., Head of the Rare Neurology Development Unit at Biogen. “This is a significant milestone for our SMA portfolio as we advance the Phase 3 studies designed to establish the role of salanersen in the future SMA treatment landscape.”

The salanersen Phase 3 program consists of three global studies:

  • STELLAR-1 (recruiting), an open-label study, will evaluate the effects of salanersen in young (under 6 weeks old), treatment-naïve and clinically presymptomatic infants with a genetic diagnosis of SMA
  • SOLAR (recruiting), an open-label study, will evaluate the effects of salanersen in teens and adults (aged 15–60 years) with SMA who are either treatment-naïve or previously treated with risdiplam
  • STELLAR-2 (recruitment expected to begin in June 2026), a randomized, double-blind, sham-controlled study, will evaluate the effects of salanersen when initiated ~6 months after onasemnogene abeparvovec-xioi in infants with SMA who received presymptomatic treatment with gene therapy at 6 weeks of age or younger

More information on the STELLAR-1 study (NCT07221669), STELLAR-2 (NCT07444450) and SOLAR (NCT07444476) are available at clinicaltrials.gov.

About Salanersen
Salanersen (BIIB115) is a novel, intrathecally administered antisense oligonucleotide (ASO) in development for SMA. Salanersen is designed to correct splicing of SMN2 pre-mRNA to increase production of SMN protein. It has a new chemistry that leads to high potency, enabling the potential for high efficacy with once-yearly dosing.

Salanersen is being evaluated in three global Phase 3 studies designed to evaluate safety and efficacy of 80 mg administered once-yearly in a broad spectrum of individuals living with SMA. Biogen licensed the global development, manufacturing and commercialization rights for salanersen from Ionis Pharmaceuticals, Inc. Salanersen was discovered by Ionis.

Salanersen Phase 1b Study Results
The Phase 1b study included participants (n=24, aged 0.5-12 years), who received at least 2 doses of salanersen (40 mg or 80 mg). The 80 mg dose will be further evaluated in the Phase 3 studies.

In participants who received salanersen 40 mg and 80 mg and had elevated baseline concentrations of neurofilament light chain (NfL), a potential marker of ongoing neurodegeneration, meaningful reductions (75%) in NfL levels were observed at six months; these reductions were sustained throughout the follow-up period. All 24 participants treated with salanersen experienced increases from baseline on one or more endpoints. Notably, 12 of the 24 achieved at least one new WHO motor milestone, and all participants maintained the motor milestones documented at their baseline. Salanersen has been generally well-tolerated at both 40 and 80 mg doses in the ongoing Phase 1 study, and most adverse events (AEs) have been mild to moderate in severity. As of the analysis, the most common AEs in the 40 mg group were upper respiratory tract infection and vomiting, and the most common AEs in the 80 mg group were pyrexia and upper respiratory tract infection.

About Spinal Muscular Atrophy (SMA)
SMA is a rare, genetic, neuromuscular disease that affects individuals of all ages. It is characterized by a loss of motor neurons in the spinal cord and lower brain stem, resulting in progressive muscle atrophy and weakness.1 SMA is caused by a deficiency in the production of survival motor neuron (SMN) protein due to a damaged or missing SMN1 gene, with a spectrum of disease severity.1 Some individuals with SMA may never sit; some sit but never walk; and some walk but may lose that ability over time.2 In the absence of treatment, children with the most severe form of SMA would usually not be expected to reach their second birthday.1

SMA impacts approximately 1 in 10,000 live births,3-6 is a leading cause of genetic death among infants7 and causes a range of disability in teenagers and adults.2

About Biogen
Founded in 1978, Biogen is a leading biotechnology company that pioneers innovative science to deliver new medicines to transform patients’ lives and to create value for shareholders and our communities. We apply deep understanding of human biology and leverage different modalities to advance first-in-class treatments or therapies that deliver superior outcomes. Our approach is to take bold risks, balanced with return on investment to deliver long-term growth. We routinely post information that may be important to investors on our website at www.biogen.com. Follow us on social media - Facebook, InstagramLinkedInXYouTube.

Biogen Safe Harbor 
This news release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, about the potential clinical effects of salanersen; the potential benefits, safety and efficacy of salanersen, including the potential to slow neurodegeneration and improve motor function; the clinical development program for salanersen; the identification and treatment of SMA; our research and development program for the treatment of SMA; the potential of our commercial business and pipeline programs, including salanersen; and risks and uncertainties associated with drug development and commercialization. These forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “possible,” “will,” “would,” “assume,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “guidance,” “hope,” “intend,” “may,” “objective,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “prospect,” “should,” “target,” “will,” “would” or the negative of these words or other words and terms of similar meaning. Drug development and commercialization involve a high degree of risk and only a small number of research and development programs result in commercialization of a product. Results in early stage clinical trials may not be indicative of full results or results from later stage or larger scale clinical trials and do not ensure regulatory approval. You should not place undue reliance on these statements or the scientific data presented. Given their forward-looking nature, these statements involve substantial risks and uncertainties that may be based on inaccurate assumptions and could cause actual results to differ materially from those reflected in such statements. 

These forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to management. Given their nature, we cannot assure that any outcome expressed in these forward-looking statements will be realized in whole or in part. We caution that these statements are subject to risks and uncertainties, many of which are outside of our control and could cause future events or results to differ materially from those stated or implied in this document, including, among others, uncertainty of our long-term success in developing, licensing, or acquiring other product candidates or additional indications for existing products; expectations, plans, prospects and timing of actions relating to product approvals, approvals of additional indications for our existing products, sales, pricing, growth, reimbursement and launch of our marketed and pipeline products; the potential impact of increased product competition in the biopharmaceutical and healthcare industry, as well as any other markets in which we compete, including increased competition from new originator therapies, generics, prodrugs and biosimilars of existing products and products approved under abbreviated regulatory pathways; our ability to effectively implement our corporate strategy; difficulties in obtaining and maintaining adequate coverage, pricing, and reimbursement for our products; the drivers for growing our business, including our dependence on collaborators and other third parties for the development, regulatory approval, and commercialization of products and other aspects of our business, which are outside of our full control; risks related to commercialization of biosimilars, which is subject to such risks related to our reliance on third-parties, intellectual property, competitive and market challenges and regulatory compliance; the risk that positive results in a clinical trial may not be replicated in subsequent or confirmatory trials or success in early stage clinical trials may not be predictive of results in later stage or large scale clinical trials or trials in other potential indications; risks associated with clinical trials, including our ability to adequately manage clinical activities, unexpected concerns that may arise from additional data or analysis obtained during clinical trials, regulatory authorities may require additional information or further studies, or may fail to approve or may delay approval of our drug candidates; and the occurrence of adverse safety events, restrictions on use with our products, or product liability claims; and any other risks and uncertainties that are described in other reports we have filed with the U.S. Securities and Exchange Commission, which are available on the SEC’s website at www.sec.gov.

These statements speak only as of the date of this press release and are based on information and estimates available to us at this time. Should known or unknown risks or uncertainties materialize or should underlying assumptions prove inaccurate, actual results could vary materially from past results and those anticipated, estimated or projected. Investors are cautioned not to put undue reliance on forward-looking statements. A further list and description of risks, uncertainties and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and in our subsequent reports on Form 10-Q. Except as required by law, we do not undertake any obligation to publicly update any forward-looking statements whether as a result of any new information, future events, changed circumstances or otherwise.

Digital Media Disclosure
From time to time we have used, or expect in the future to use, our investor relations website (investors.biogen.com), the Biogen LinkedIn account (linkedin.com/company/biogen-) and the Biogen X account (https://x.com/biogen) as a means of disclosing information to the public in a broad, non-exclusionary manner, including for purposes of the SEC’s Regulation Fair Disclosure (Reg FD). Accordingly, investors should monitor our investor relations website and this social media channel in addition to our press releases, SEC filings, public conference calls and webcasts, as the information posted on them could be material to investors.

References:

  1. National Institute of Neurological Disorders and Stroke, NIH. Spinal Muscular Atrophy Fact Sheet. Available at https://www.ninds.nih.gov/Disorders/Patient-Caregiver-Education/Fact-Sheets/Spinal-Muscular-Atrophy-Fact-Sheet. Accessed: March 2026.
  2. Wadman RI, Wijngaarde CA, Stam M, et al. Muscle strength and motor function throughout life in a cross-sectional cohort of 180 patients with spinal muscular atrophy types 1c–4. Eur J Neurol. 2018;25(3):512-518.
  3. Arkblad E, Tulinius M, Kroksmark AK, Henricsson M, Darin N. A population-based study of genotypic and phenotypic variability in children with spinal muscular atrophy. Acta Paediatr. 2009 May;98(5):865-72. doi: 10.1111/j.1651-2227.2008.01201.x. Epub 2009 Jan 20. 
  4. Jedrzejowska M, Milewski M, Zimowski J, Zagozdzon P, Kostera-Pruszczyk A, Borkowska J, Sielska D, Jurek M, Hausmanowa-Petrusewicz I. Incidence of spinal muscular atrophy in Poland--more frequent than predicted? Neuroepidemiology. 2010;34(3):152-7. doi: 10.1159/000275492. Epub 2010 Jan 15.
  5. Prior TW, Snyder PJ, Rink BD, Pearl DK, Pyatt RE, Mihal DC, Conlan T, Schmalz B, Montgomery L, Ziegler K, Noonan C, Hashimoto S, Garner S. Newborn and carrier screening for spinal muscular atrophy. Am J Med Genet A. 2010 Jul;152A(7):1608-16. doi: 10.1002/ajmg.a.33474.
  6. Sugarman EA, Nagan N, Zhu H, Akmaev VR, Zhou Z, Rohlfs EM, Flynn K, Hendrickson BC, Scholl T, Sirko-Osadsa DA, Allitto BA. Pan-ethnic carrier screening and prenatal diagnosis for spinal muscular atrophy: clinical laboratory analysis of >72,400 specimens. Eur J Hum Genet. 2012 Jan;20(1):27-32. doi: 10.1038/ejhg.2011.134. Epub 2011 Aug 3.
  7. Kolb SJ, Coffey CS, Yankey JW, et al. Natural history of infantile-onset spinal muscular atrophy. Ann Neurol. 2017;82(6):883-891. doi:10.1002/ana.25101.
MEDIA CONTACT:INVESTOR CONTACT: 
BiogenBiogen
Madeleine Shin Tim Power
+1-781-464-3260 +1 781 464 2442
public.affairs@biogen.com IR@biogen.com  



FAQ

What did Biogen (BIIB) announce about salanersen and the FDA on June 4, 2026?

Biogen announced that the FDA granted Breakthrough Therapy Designation to salanersen for treating spinal muscular atrophy. According to Biogen, this recognition is based on preliminary Phase 1b data suggesting potential substantial improvement over available therapies on clinically significant endpoints in certain SMA patients.

What is salanersen in Biogen's SMA pipeline and how is it dosed?

Salanersen is an investigational novel antisense oligonucleotide being developed by Biogen for spinal muscular atrophy. According to Biogen, it is designed for once-yearly dosing and is being studied for high efficacy potential within the future SMA treatment landscape across multiple patient groups.

What did the Phase 1b study of salanersen show in SMA patients previously treated with gene therapy?

The Phase 1b study showed some children with SMA and suboptimal response to prior gene therapy experienced motor function improvements after starting salanersen. According to Biogen, these gains included critical functions like sitting and walking, along with slowing of neurodegeneration indicated by reduced neurofilament levels.

How well was Biogen's salanersen tolerated in the Phase 1b SMA study?

Salanersen was generally well-tolerated in the Phase 1b study of children with SMA. According to Biogen, treatment was associated with clinically meaningful motor function improvements and biomarker changes while maintaining a tolerability profile that supported advancement into a broader global Phase 3 development program.

What Phase 3 trials are underway for Biogen's salanersen in SMA and who is eligible?

Biogen's Phase 3 program includes STELLAR-1, STELLAR-2 and SOLAR for different SMA populations. According to Biogen, STELLAR-1 and SOLAR are recruiting, while STELLAR-2 recruitment is expected June 2026, enrolling presymptomatic infants, teens and adults, and patients previously treated with gene therapy or risdiplam.

What does FDA Breakthrough Therapy Designation mean for salanersen and SMA patients?

Breakthrough Therapy Designation is intended to speed development and review of promising drugs for serious conditions. According to Biogen, the FDA’s decision reflects recognition that urgent unmet needs remain in SMA and that salanersen may offer substantial improvement over available therapies if Phase 3 results are positive.

Where can investors find more information on Biogen's salanersen Phase 3 SMA trials (BIIB)?

Investors can review trial details for STELLAR-1, STELLAR-2 and SOLAR on clinicaltrials.gov using their NCT identifiers. According to Biogen, these global Phase 3 studies are designed to establish salanersen’s role across presymptomatic infants, teens, adults and patients previously treated with gene therapy or risdiplam.