News
2 Nov 2011
Biogen Idec Reports 3Q11 Results
US biotechnology firm Biogen Idec has announced its third quarter 2011 results.
The company's global in-market sales of Tysabri were $393 million in the quarter (+28%). Avonex sales increased 6% to $682 million. Rituxan revenues from the company’s joint business arrangement with Genentech were $266 million (+3%). Royalties were $52 million in the quarter, up 43%.
3Q Revenues: $1.3 billion (+11%)
3Q Earnings: $352 million (+38%)
YTD Revenues: $3.7 billion (+6%)
YTD Earnings: $966.5 million (earnings were $626.8 million 3Q10)
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