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Biogen 1Q Results

Multiple sclerosis portfolio sales and rare disease revenue down 4% in the quarter.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Biogen 1Q Revenues: $2.3 billion (-7%) 1Q Earnings: $393.4 million (+1%) Comments: Multiple sclerosis (MS) product revenue, which includes TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI and FAMPYRA, was $1.1 billion, down 4%. Rare disease revenue, which includes SPINRAZA, QALSODY and SKYCLARYS, was $424 million in the quarter, down 4%. Biosimilars revenue was $197 million, up 2%. Contract manufacturing, royalty and other revenue was down 39% to $185 million. LEQEMBI launch uptake accelerated ...

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