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Revenues up 18% in the quarter
July 24, 2012
By: Tim Wright
Biogen Idec 2Q Revenues: $1.4 billion (+18%) 2Q Earnings: $387.1 million (+27%) YTD Revenues: $2.7 billion (+12%) YTD Earnings: $689.5 million (+13%) Comments: Global in-market sales of TYSABRI in the quarter were $395 million (+2%). Revenues from other products were $34 million, compared to $16 million in 2Q11. Royalty revenues were $37 million, up 29%. AVONEX revenues increased 16% to $762 million. RITUXAN revenues from Biogen’s joint business arrangement were $285 million, up 31%, but impacted by a $50 million charge to cover its share of damages that may be awarded in Genentech’s ongoing arbitration with Hoechst GmbH.
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