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February 6, 2008
By: Tim Wright
Editor-in-Chief, Contract Pharma
Biogen Idec 4Q Revenues: $893 million (+26%) 4Q Earnings: $201 million (+84%) FY Revenues: $3.2 billion (+18%) FY Earnings: $638 million (+193%) Comments: FY07 growth was primarily driven by Tysabri, Rituxan and Avonex sales. Through the Tysabri partnership with Elan, Biogen Idec recognized revenue of $90 million in the quarter and $229.8 million for the year. 4Q06 and FY2006 Tysabri revenues were $17.6 million and $35.8 million, respectively. The safety data for Tysabri continu...
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