In 2003, Biogen merged with San Diego, California -based IDEC Pharmaceuticals (formed in 1986 by biotech pioneers Ivor Royston and Howard Birndorf ) and adopted the name Biogen Idec. After the merger, Biogen Idec became the 3rd largest Biotechnology company in the world.  Following shifts in research core areas, the company has since shortened its name, reverting to simply Biogen.  Biogen stock is a component of several stock indices such as the S&P 100 , S&P 500 , S&P 1500 , and NASDAQ-100 and the company is listed on the NASDAQ stock exchange under the ticker symbol, BIIB. 
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Metabolic disease is a very large area of medical need and is another area in which we focus our drug discovery and development efforts. Our approach is to develop antisense drugs that doctors can add to existing therapies to treat diabetes. One hurdle for traditional drug development is that most traditional drugs cannot selectively target a disease-causing protein without also affecting closely related proteins, which often results in unwanted side effects. We design our antisense drugs to target the gene responsible for producing the disease-causing protein while avoiding unwanted effects on closely related proteins, thereby reducing the risk of side effects.