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February 15, 2007
By: Tim Wright
Biogen Idec 4Q Revenues: $708 million (+12%) 4Q Earnings: $109 million (+95%) FY Revenues: $2.68 billion (+11%) FY Earnings: $218 million (+35%) Comments: Revenues for the quarter and FY2006 included $218 million and $811 million, respectively, from Biogen’s joint business arrangement related to Rituxan. For the quarter, Avonex sales were up 6% to $439 million and for the year were up 11% to $1.7 billion. During 2006 the company launched Rituxan in rheumatoid arthritis and Tysabri in multiple sclerosis. R&D expenses for the quarter were $199.5 million, up 19% and $718.4 for the year, down 4%.
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