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Revenues up 11%
October 31, 2011
By: Tim Wright
Editor-in-Chief, Contract Pharma
Biogen Idec 3Q11 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) Comments: 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%. ...
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