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biogen idec inc. - All News and Analysis
Spending and Board Oversight Irk Some Elan Investors
BOSTON (Reuters) - It's not just a slowing growth of its main product and an 80 percent stock decline in five months that has some big investors in Irish drugmaker Elan ELNELN riled up.The company's board is under fire by some large shareholders to increase its oversight over what they...
Biogen Reports Another Tysabri Glitsch
Mike Havrilla submits: click to enlarge After the market close, Biogen BIIB filed an 8-K with the SEC reporting a new case of the potentially fatal brain disease known as PML or progressive multifocal leukoencephalopathy in a patient receiving their multiple sclerosis [MS] drug Tysabri, adding to the two new...
Zacks Analyst Blog Highlights: Peabody Energy Corp., Pfizer Inc., SanDisk Corp., Everest Re Group, Ltd. and Biogen Idec Inc
CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Peabody Energy Corp. (NYSE: BTU), Pfizer Inc. (NYSE: PFE), SanDisk Corp....
Tysabri Concerns Continue to Weigh on Biogen, Elan
EP Vantage submits: Despite reporting strong quarterly revenues and earnings ahead of Wall Street estimates, shares in Biogen Idec BIIB fell 7% Tuesday and continued to fall in yesterday, down even further to a two-year low of $40.72. With shares in one of Biogen Idec’s key partners, Elan ELN,...
Biogen Idec Inc. Q3 2008 Earnings Conference Call Transcript
Question-and-Answer SessionYour first question comes from Mark Schoenebaum with Deutsche Bank. Mark Schoenebaum - Deutsche Bank Okay. Thank you for taking my question guys. I am going to ask question for everyone in the queue is having to top of the list. Is it possible for you to give...
Earnings Preview: Biogen Idec
Biogen Idec BIIB is expected to report Q3 earnings Tuesday Oct. 21 before market open, with a conference call scheduled for 8:30 am ET. Guidance Analysts are looking for a profit of 89c on revenue of $1.01B. The consensus is 80c to 95c for EPS, and revenue of $968M to...
Zacks Analyst Blog Highlights: Biogen Idec, Inc., Royal Bank of Scotland Group Plc., Lloyds TSB Group Plc., HBOS Plc. and Strayer Education, Inc
CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Biogen Idec, Inc. (Nasdaq: BIIB), Royal Bank of Scotland Group Plc....
Drug Safety Updates For Elan, Biogen, Amylin, and Lilly
Mike Huckman submits: After the closing bell Monday, Eli Lilly LLY and Amylin Pharmaceuticals AMLN announced that they're going to hold a conference call for analysts and investors about their diabetes drug Byetta. Last week, the Food and Drug Administration revealed that six patients on the drug had to...
Three Biotech ETFs: A Way To Follow the 'Smart Money' into Healthcare
Trader Mark submits: One area you can see I've been transitioning into is healthcare. I still don't buy the "technology is a safe haven" thesis, but I have to respect that's where money flow is going. Healthcare I can feel a bit more comfortable with because it's a...
Icahn Boosts Stake in Biogen Idec to 6% Following TYSABRI Sell-Off
Lon Juricic submits: In a 13D filing on Biogen Idec BIIB, Carl Icahn disclosed he raised his stake in the company to 6.03% (17,511,304 shares). This is up from the 9,948,723 share stake held at the quarter ended 3/31/08. Icahn noted that his representatives have had, and from...
Biogen-Idec, Elan: Panic Selling Creates Interesting Opportunity
A. Reza Saadat submits: In July, Biogen-Idec BIIB and Elan ELN, who co-market the multiple sclerosis drug Tysabri, announced two new cases of PML, a potentially deadly side effect. The stocks sold-off almost entirely. Biogen-Idec lost about 30% of its market share while Elan has lost over two thirds...
Icahn Favorites Have Abysmal Month
Steve Farrington submits: After the Yahoo! YHOO debacle that had us watching his every move this summer, August has not gotten off to the best start for the billionaire, either. Blockbuster, Inc. BBI posted a larger than expected 2nd quarter loss lead by low DVD rental margins. The...
Stock Performance Since Earnings
Hickey and Walters Bespoke submit: We recently calculated the performance of all US stocks since the open following their most recent earnings reports. This takes out the initial reaction to earnings reports in after-hours and pre-market trading and highlights how investors have treated shares post earnings. As shown...
Zacks Analyst Interview Highlights: Genentech, Biogen Idec, Gilead, Celgene and Pfizer
CHICAGO -- Zacks.com releases the latest Analyst Interview. Today's interview is with senior analyst Jason Napodano, who discusses Genentech (NYSE: DNA), Biogen Idec (Nasdaq: BIIB), Gilead (Nasdaq: GILD), Celgene (Nasdaq: CELG) and Pfizer (NYSE: PFE). Get the most recent insight from Zacks Equity Research with the free Profit from...
Friday Options Update: ELN, BIIB, ANR, ORCL, MAR, A, IP, HBC, RKH
Rebecca Engmann Darst contributed to this report. Elan ELN - “Weekus horribilis” for drugmaker Elan took hold today after its multiple-sclerosis drug Tysabri was implicated in new cases of a lethal brain infection. Coming hot on the heels of another product disappointment – underwhelming data on a much hoped-for Alzheimer’s...
Biogen IDEC, Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer Session[Operator Instructions]. Your first question is from Michael Aberman with Credit Suisse. Michael Aberman - Credit Suisse Fantastic. Thanks guys for taking the question. I am wondering if you could give me a little... a more detailed update on your pipeline, in particular late stage programs, Lixivaptan, BG-12,...
Proxy Governance Endorses All Four Biogen Idec Director Nominees
All Three Leading Voting Advisory Services Recommend Stockholders Vote FOR Company Nominees on the WHITE Proxy Card
RiskMetrics and Glass Lewis Endorse All Four Biogen Idec Director Nominees
Two Leading Voting Advisories Recommend Company Stockholders Vote FOR Company Nominees on the WHITE Proxy Card
Biogen Idec Names Hans Peter Hasler Chief Operating Officer
CAMBRIDGE, Mass. -- Biogen Idec (Nasdaq: BIIB) today named Hans Peter Hasler Chief Operating Officer COO of the company. Mr. Hasler, age 52, has served as Executive Vice President, Global Neurology and Head of International. In his new role, Mr. Hasler will oversee all commercial operations as well as the...
MEMOTEXT(R) and BioGen Idec Canada Announce Ground-Breaking Partnership to Help MS Patients
Patients with Multiple Sclerosis MS who take the once-a-week prescription injection AVONEX® (interferon beta-1a) will now be the first in North America to benefit from a free and unique adherence solution program. BioGen Idec Canada, a subsidiary of Biogen Idec Inc., makers of AVONEX, and MEMOTEXT®, provider of personalized adherence...
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- Revenue (Fiscal Year) $3.1B
- Profit (Fiscal Year) $638.1M
- Incorporated: 1985
- CEO: Mr. James C. Mullen
Biogen Idec is an international biotechnology company engaged in the development, manufacturing and commercialization of novel therapeutics for human healthcare. At Dec 31 2007, Co. marketed four products: AVONEX®, for the treatment of relapsing forms of multiple sclerosis or MS; RITUXAN®, for the treatment of relapsed or refractory low-grade or follicular, CD20-positive, B-cell non-Hodgkin's lymphomas; TYSABRI®, for the treatment of relapsing forms of MS in U.S. and other countries, and in U.S. for inducing and maintaining clinical response and remission in adult patients with moderately to severely active Crohn's disease; and FUMADERM®, for the treatment of severe psoriasis.
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Board of Directors
Mr. Bruce R. Ross Chairman
Dr. Alan B. Glassberg
Mr. Robert W. Pangia
Mr. William D. Young
Mr. Brian S. Posner
Miss Nancy L. Leaming
Mr. James C. Mullen
Dr. Thomas F. Keller Ph.D.
Ms. Lynn Schenk
Dr. Phillip A. Sharp Ph.D.
Dr. Cecil B. Pickett Ph.D.
Mr. Lawrence C. Best
NAICS Code
Biological Product (except Diagnostic) Manufacturing: 325414
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