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Biogen Inc. Message Board

  • futureripplemovers futureripplemovers Jan 29, 2014 9:37 AM Flag

    Biogen Idec 2013 Total Revenues Increase 26 Percent to $6.9 Billion

    Biogen Idec 2013 Total Revenues Increase 26 Percent to $6.9 Billion

    -Performance driven by significant growth in expanded MS franchise -

    -Company prepares for potential introduction of two hemophilia products, new MS offerings, and an extensive set of pipeline read-outs-

    Cambridge, MA, January 29, 2014 -- Biogen Idec Inc. (NASDAQ: BIIB) today reported full year and fourth quarter 2013 results, including revenue of $6.9 billion, a 26% increase compared to the prior year. Full year 2013 non-GAAP diluted earnings per share (EPS) were $8.96, an increase of 37% over 2012. Non-GAAP net income attributable to Biogen Idec for the year was $2.1 billion, an increase of 36% over the year prior.

    On a reported basis, GAAP diluted EPS for 2013 were $7.81, an increase of 36% over 2012. GAAP net income attributable to Biogen Idec for 2013 was $1.9 billion, an increase of 35% versus 2012. (A reconciliation of GAAP to Non-GAAP year-end and quarterly financial results and 2014 guidance can be found in Table 3 at the end of this release).

    “2013 was a great year for Biogen Idec and the patients we serve,” said Chief Executive Officer George A. Scangos. “Our existing products continued to perform well and the rapid growth of TECFIDERA - from launch to its position today as the number one prescribed oral MS therapy in the US - is a testament to our ability to develop and effectively bring new drugs to patients.”

    Dr. Scangos added, “We are entering an exciting period as we plan for three new potential product launches this year, including two treatments for patients with hemophilia and the first pegylated interferon for MS -- as well as the potential approval and launch of TECFIDERA in Europe. We also are looking forward to multiple clinical readouts this year that, if successful, may support bringing forward therapies that could have a meaningful impact for patients in areas where there are currently few or no treatment options.”

    In 2014, Biogen Idec ex

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    • If you hold BIIB you are fortunate. This company grows about 25% per year. A double every three years. Just look at the chart over a five year period and see for yourself. Excellent balance sheet and drug pipeline. And creating drugs of benefit to all mankind.This is a very long term hold. This is how fortunes are made. Slowly.

      Sentiment: Strong Buy

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