COVID Stimulus Watch Individual Entry

Recipient Company:
Biogen Inc
Loan or Loan Guarantee Amount:
$2,160,420

Recipient Details

Ownership Structure: publicly traded (ticker symbol BIIB)

Award Details

Award Date: Aug 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Biogen Idec
Headquartered in: Massachusetts
Parent Sector: pharmaceuticals
Parent Industry: pharmaceuticals

Accountability Issues Since 2010

Employment icon
Good Jobs First has no data in this category
Contracting icon
Government-contracting-related Penalties: $22,000,000
Environment icon
Environmental / Healthcare / Safety Penalties: $7,500
ConsumerProt icon
Good Jobs First has no data in this category
CEOpay icon
Good Jobs First has no data in this category
Tax icon
Total Federal, State, and Local Subsidies: $20,393,439
Federal Corporate Income Tax Rate: 30.4%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues