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October 21, 2008
By: Tim Wright
Biogen Idec 3Q Revenues: $1.1 billion (+38%) 3Q Earnings: $207 million (+74%) YTD Revenues: $3.0 billion (+33%) YTD Earnings: $576.5 million (+32%) Comments: Tysabri sales recorded by Biogen, based on its collaboration with Elan, were $171 million (+172%) in the quarter. This consisted of $56 million related to product sold through Elan in the U.S. (based on $122 million of in-market sales); and $115 million related to product sold by Biogen internationally. Avonex sales were up 26% to $573 million. Rituxan sales were up 27% to $299 million (co-marketed in the U.S. with Genentech). R&D expenses were $269 million in the quarter (-6%).
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