Biogen Inc. (BIIB) CEO Michel Vounatsos on Q1 2020 Results - Earnings Call Transcript

Apr. 22, 2020 4:14 PM ETBiogen Inc. (BIIB) StockBIIB3 Comments
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Q1: 2020-04-22 Earnings Summary

EPS of $9.14 beats by $1.45
 | Revenue of $3.53B (1.26% Y/Y) beats by $126.24M

Biogen Inc. (NASDAQ:BIIB) Q1 2020 Results Earnings Conference Call April 22, 2020 8:00 AM ET

Company Participants

Joe Mara - Vice President, Investor Relations
Michel Vounatsos - Chief Executive Officer
Alfred Sandrock, Jr. - Executive Vice President, Research & Development and Chief Medical Officer
Jeffrey Capello - Executive Vice President and Chief Financial Officer

Conference Call Participants

Marc Goodman - SVB Leerink
Terence Flynn - Goldman Sachs
Umer Raffat - Evercore ISI
Ronny Gal - Bernstein
Phil Nadeau - Cowen and Company
Michael Yee - Jefferies
Jay Olson - Oppenheimer
Evan Seigerman - Credit Suisse
Cory Kasimov - JPMorgan
Matthew Harrison - Morgan Stanley
Carter Gould - Barclays

Operator

Good morning. My name is Lisa, and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Biogen First Quarter 2020 Financial Results and Business Update. All lines have been placed on mute to prevent any background noise. After the speakers remarks there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the conference over to Mr. Joe Mara, Vice President, Investor Relations. You may begin conference.

Joe Mara

Good morning, and welcome to Biogen's first quarter 2020 earnings call. Before we begin, I encourage everyone to go to the Investors section of the biogen.com to find the earnings release and related financial tables, including a reconciliation of the GAAP to non-GAAP financial measures that we will discuss today. Our GAAP financials are provided in Tables 1 and 2, and Table 3 includes a reconciliation of our GAAP to non-GAAP financial results. We believe non-GAAP financial results better represent the ongoing economics of our business and reflect how we manage the business internally. We’ve also posted slides on our website that follow the discussions related to this call.

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