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Financial Report: Biogen Idec

Expanded MS franchise drives growth

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By: Kristin Brooks

Managing Editor, Contract Pharma

Biogen Idec 4Q Revenues: $2.0 billion (+39%) 4Q Earnings: $457.3 million (+57%) FY Revenues: $6.9 billion (+26%) FY Earnings: $1.9 billion (+35%) Comments: Growth in the quarter and FY were driven by sales of new multiple sclerosis drug, Tecfidera, with sales of $398 million in the quarter and $876 million for the year, and TYSABRI revenues, up 45% to $427 million in the quarter, and up 34% for the year to $1.5 billion, as a result of recording 100% of revenues after gaining full rights. AV...

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