UPDATE 1-Biogen revenue climbs; Spinraza, Tecfidera sales miss [Reuters (UK)]
Biogen Inc. (BIIB)
Last biogen inc. earnings: 4/22 07:12 am
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Source: Reuters
Biogen revenue climbs; Spinraza, Tecfidera sales miss | Reuters Reuters Staff 1 Min Read (Reuters) - Drug developer Biogen Inc ( BIIB.O ) reported a 11.4 percent rise in quarterly revenue as sales of key drugs Tecfidera and Spinraza climbed, albeit at a weaker-than-expected pace. The company’s top-earning multiple sclerosis drug Tecfidera brought in a revenue of $987 million in the quarter, falling short of analyst estimate of $1.02 billion. Sales of spinal muscular atrophy treatment Spinraza were $364 million, missing estimate of $381.55 million. Net income attributable to shareholders rose to $1.17 billion in the first quarter ended March 31, or $5.54 per share, from $747.6 million or $3.46 a share, a year earlier. Revenue rose 11.4 percent to $3.13 billion. Shares of the company were marginally down at $258.79 in premarket trading. Reporting by Mrinalini Krothapalli and Tamara Mathias; Editing by Amrutha Gayathri All quotes delayed a minimum of 15 minutes. See here for a comple
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BIIB
Earnings
- 2/14/24 - Miss
BIIB
Sec Filings
- 4/12/24 - Form PRE
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- BIIB's page on the SEC website