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Financial Report: Biogen Idec

51% growth driven by MS franchise

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By: Kristin Brooks

Managing Editor, Contract Pharma

Biogen Idec
 
1Q Revenues: $2.1 billion (+51%)

1Q Earnings: $480 million (+12%)

Comments: TECFIDERA, recently approved for MS patients in Europe, had revenues of $506 million, comprised of $460 million the U.S. and approximately $46 million outside the U.S. AVONEX revenues increased 2% to $761 million. TYSABRI revenues were up 41% to $441 million due to recording 100% its revenues following the acquisition of complete asset rights in 2Q13. RITUXAN and GAZYVA revenues from an unconsolidated joint business arrangement were $297 million.

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