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Growth in the quarter was primarily driven by Tysabri revenues, up 15% to $251 million, and Avonex sales, up 8% to $642 million.
April 21, 2011
By: Tim Wright
Biogen Idec 1Q11 1Q Revenues: $1.2 billion (+9%) 1Q Earnings: $308.8 million (+40%) Comments: Growth in the quarter was primarily driven by Tysabri revenues, up 15% to $251 million, and Avonex sales, up 8% to $642 million. Rituxan revenues from the company’s joint business arrangement with Elan were flat at $256 million for the quarter. Other product revenue in the quarter was flat at $13 million.
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