{
Chris Viehbacher

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biogen raises earnings forecast amid strong sales of new products

Biogen raised its diluted earnings per share guidance for the year to $16.10-$16.60, driven by strong sales of new products like Leqembi, which generated $67 million in Q3, a 66% increase from the previous quarter. Despite this, total revenue is expected to decline in 2024, with ongoing challenges in its multiple sclerosis drug sales. The company is undergoing significant transformation under CEO Chris Viehbacher, focusing on cost-cutting and diversifying its research portfolio.
BioPharma Dive
United States Dollar Biogen Inc. Sanofi USA Brian Abrahams Salim Syed Chris Viehbacher Michael Yee Show more
Healthcare, Market Report
15:15 30.10.2024
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