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Growth in the quarter was driven primarily by Tysabri sales, up 21% to $207 million.
October 20, 2009
By: Tim Wright
Biogen Idec 3Q 3Q Revenues: $1.1 billion (+3%) 3Q Earnings:$279.6 million (+35%) YTD Revenues: $3.3 billion (+7%) YTD Earnings: $671.1 million (+15%) Comments: Growth in the quarter was driven primarily by Tysabri sales, up 21% to $207 million. Avonex sales were $580 million (+1%). Revenues for the quarter included $284 million from Biogen Idec’s co-promotion arrangement with Genentech for Rituxan. Revenues from other products in the quarter were $15 million, compared to $14 million in 3Q08. Royalty revenues in the quarter were flat at $35 million.
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