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More color on Biogen's Q1 results

Apr. 23, 2014 8:44 AM ETBiogen Inc. (BIIB) StockBy: Douglas W. House, SA News Editor
  • Top line revenues of $2.1B (+51%) driven by Avonex's $761M, Tecfidera's $506M, Tysabri's $441M and Rituxan & Gazyva's $297M.
  • Revenue growth has accelerated for five consecutive quarters.
  • The company recorded 100% of Tysabri revenues subsequent to its acquisition of the complete rights to the product in Q2.
  • GAAP diluted EPS was $2.02 (+13%) and net income $480M (+12%).
  • Full year guidance includes revenue growth of 26% - 28% and GAAP diluted EPS of $9.85 - $9.95.
  • (NASDAQ:BIIB)

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