Biogen Inc said on Tuesday it will pause or discontinue at least four studies of experimental drugs to focus on more potentially lucrative options including its second Alzheimer’s treatment, Leqembi, in the latest attempt by the new CEO to trim costs. "We made good progress on the previous program that it amounts $1 billion of cost savings," Chief Executive Christopher Viehbacker said on a conference call to discuss the company’s first-quarter earnings, adding that Tuesday’s announcement was part of a new cost-saving effort.
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