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Now what: With Biogen's top-line expected to grow by a modest 6% this year, the market's focus is likely to turn toward the biotech's clinical activities moving forward.
Among the biotech's more noteworthy clinical activities, Biogen and its partner Ionis Pharmaceuticals are reportedly making steady progress with their late-stage experimental treatment, nusinersen, for spinal muscular atrophy that might result in an accelerated regulatory filing sometime soon. Although Biogen probably won't turn in a great 2016 in terms of its share-price performance, I think the stock remains a compelling buy longer term because of the company's emerging clinical pipeline that sports potentially groundbreaking new drugs like aducanumab for Alzheimer's disease and, of course, nusinersen for spinal muscular atrophy. George Budwell has been writing about healthcare and biotechnology companies at the Motley Fool since 2013.
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Fabless chip leaders like Broadcom, Nvidia and Inphi are extended, but Silicon Motion and NXP bear watching.

Nineteen A+ funds reduced their exposure to AT&T in Q2, while 25 cut their stake in Verizon. 5:03 PM ETAirgain (AIRG), a provider of antennas that enable wireless-device connectivity, has soared more than 30% from its Aug.
4:50 PM ETThe biotech group hit a seven-month high Wednesday before reversing after Hillary Clinton attacked drug pricing again.
4:24 PM ETFabless chip leaders like Broadcom, Nvidia and Inphi are extended, but Silicon Motion and NXP bear watching. 8:41 AM ETMedtronic's Q1 earnings Thursday follows strong reports from cardiac-device peers like Edwards and Boston Scientific.
5:12 PM ETHR software maker Workday and printer and PC maker HP report earnings late Wednesday, along with Heico, Williams-Sonoma and PVH. 4:52 PM ETPfizer is buying AstraZeneca's small-molecule antibiotics portfolio, while Mallinckrodt unloads a sluggish legacy business.
In recent weeks, investors have been caught off guard by the surging S&P 500, which has once again broken out into all-time highs.

His primary interests are novel small molecule drugs, next generation vaccines, and cell therapies.
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