Novartis AG Is Challenging Biogen On Biogen's Own Turf

Biogen Inc. (NASDAQ:BIIB) may be the Goliath in the $17 billion (and growing) market for multiple sclerosis (MS) treatment, but it's Novartis' (NYSE:NVS) Gilenya, not Biogen's Tecfidera, that's growing more quickly this year.

Some background

MS is a central nervous system disorder caused when the immune system incorrectly damages the protective myelin sheath surrounding nerve fibers, causing nerves to lose their ability to transmit information quickly and efficiently.

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