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Biogen Idec Turns in Strong Year-End Results

By Catherine Shaffer

Wednesday, February 2, 2011
Biogen Idec's revenues for 2010 exceeded the prior year by 8 percent, coming in at $4.7 billion. Tysabri drove much of the growth, with $900 million in revenues, and solid returns for Avonex and Rituxan. Throughout 2010, the company has pursued a strategy of whittling down nonperforming programs, in-licensing products in its areas of strength and expanding labeling and indications for its approved products, and shows every indication of continuing strong in 2011.

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