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Biogen (BIIB) Tops Q4 EPS by 42c; Guides In-Line

January 27, 2016 7:16 AM

Biogen (NASDAQ: BIIB) reported Q4 EPS of $4.50, $0.42 better than the analyst estimate of $4.08. Revenue for the quarter came in at $2.84 billion versus the consensus estimate of $2.71 billion.

GUIDANCE:

Biogen sees FY2016 EPS of $18.30-$18.60, versus the consensus of $18.45. Biogen sees FY2016 revenue of $11.1-11.3 billion, versus the consensus of $11.29 billion.

“We saw solid performance in our industry leading multiple sclerosis portfolio and strong adoption of our hemophilia therapies,” said Chief Executive Officer George A. Scangos, Ph.D. “We continue to make investments in important and promising programs that we believe have the potential to help people suffering from devastating diseases, and we are also excited about the potential to launch three new products this year: BENEPALI®, ZINBRYTATM, and an infliximab biosimilar.”

“The year ahead will be very exciting for our pipeline, as we look to advance several potential breakthrough programs,” Dr. Scangos continued. “We are executing two Phase 3 clinical trials for aducanumab in Alzheimer’s disease, and are awaiting new data from two other Alzheimer’s candidates. We are encouraged by open label Phase 2 data for nusinersen for spinal muscular atrophy, the leading genetic cause of infant mortality, and are advancing two Phase 3 studies in infants and children with our collaboration partner Ionis. We expect to see Phase 2 data for anti-LINGO in multiple sclerosis in the middle of the year, allowing us to better understand its potential to reverse or repair damage caused by the disease. We are also focused on expanding our leadership in neurology by continuing to attract top talent and using new technology, novel science and a better understanding of disease biology to pursue early stage programs in areas such as Parkinson’s disease and ALS.”

For earnings history and earnings-related data on Biogen (BIIB) click here.

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