Biogen beats expectations with first quarter results
US biotech major Biogen (Nasdaq: BIIB) has posted strong financial results, showing the company achieved $2.8 billion in sales this quarter.
Excluding hemophilia sales, this is an 8% increase compared with the first quarter of 2016. The company span out its hemophilia franchise last year, forming Bioverativ (Nasdaq: BIVV).
Investors are reacting warmly to the news, boosting the company’s share price nearly 5% in pre-market trading on the Nasdaq.
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