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Revenues up 32% in the quarter
October 28, 2013
By: Tim Wright
Biogen Idec 3Q Revenues: $1.8 billion (+32%) 3Q Earnings: $488 million (+22%) YTD Revenues: $5.0 billion (+21%) YTD Earnings: $1.4 billion (+29%) Comments: Growth was driven by Tysabri and new MS therapy Tecfidera, with revenues totaling $286 million in the quarter. Avonex sales were flat at $733 million. Tysabri revenues increased 46% to $401 million as a result of gaining full rights from Elan in 2Q13. Rituxan revenues from an unconsolidated joint business arrangement were $303 million in the quarter, up 5%. Royalty revenues totaled $54 million, up 15%.
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