Biogen Inc vs Progressive Corp — how do they compare? Biogen Inc trades at $204 (market cap $30.13B), while Progressive Corp trades at $212 (market cap $123.45B). The key difference: Progressive Corp is far larger — about 4.1× Biogen Inc's market cap, and Progressive Corp pays a 6.55% dividend while Biogen Inc pays none. Which is the better fit depends on your goals.
| BIIB | PGR | |
|---|---|---|
Market Cap | $30.13B | $123.45B |
Sector | Health | Financials |
52-Week High | $216.63 | $252.68 |
52-Week Low | $128.93 | $190.40 |
Enterprise Value | $37.20B | $131.66B |
Dividend Yield | — | 6.55% |
Trailing returns across standard periods
Biogen and Idec merged in 2003, combining forces to market Biogen's multiple sclerosis drug Avonex and Idec's cancer drug Rituxan. Today, Rituxan and next-generation antibody Gazyva are marketed via a collaboration with Roche. Biogen also markets novel MS drugs Plegridy, Tysabri, Tecfidera, and Vumerity. In Japan, Biogen's MS portfolio is co-promoted by Eisai. Hemophilia therapies Eloctate and Alprolix (partnered with SOBI) were spun off as part of Bioverativ in 2017. Biogen has several drug candidates in phase 3 trials in neurology and neurodegenerative diseases and has launched Spinraza with partner Ionis. Aduhelm was approved as the firm's first Alzheimer's disease therapy in June 2021.
Read more on BIIB →Progressive underwrites private and commercial auto insurance and specialty lines
Read more on PGR →