Roy Gilbert

Biogen orders all workers to work from home after employees at management meeting test positive for coronavirus

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Biogen Inc. BIIB, +0.07% has ordered all of its workers to work from home until further notice, as part of a sweeping round of measures implemented after employees who attended a Boston management meeting tested positive for the coronavirus that causes COVID-19. Biogen had about 7,400 employees worldwide as of Dec. 31, according to its most recent 10-K filing with the Securities and Exchange Commission. In a statement, the biotech said it has informed all workers who attended the management meeting and are symptomatic that they will be contacted by the public health authorities to be tested and that they must self-quarantine. “Additionally, these employees are being asked to isolate from the people they live with (e.g. family members, loved ones or roommates) until further notice, and these close contacts must also be quarantined until further notice,” the company said in a statement. There are 13 confirmed cases of the virus in Massachusetts, according to the Massachusetts Health Department, the majority of whom are connected to Biogen and the meeting it held late last month at a Marriott hotel. About 175 people attended the meeting, according to Endpoints News, including Chief Executive Michel Vounatsos. Biogen’s global workforce are located in Massachusetts, Research Triangle Park, North Carolina and Baar, Switzerland. Biogen shares have gained 3% in the last 12 months, while the S&P 500 SPX, -1.70% has gained 8%.

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