Strong Biogen results set scene for Alzheimer's big reveal

24 July 2018

Shares in East Coast, USA-based Biogen (Nasdaq: BIIB) were up 6% just ahead of the opening bell in New York, after the firm released positive second quarter results on Tuesday.

Headline figures show a 9% increase in revenues from the same quarter last year, at $3.4 billion, handily beating analysts’ forecasts, which were in the range of $3.25 billion.

Following Generally Accepted Accounting Principles (GAAP), the earnings per share figure was up 3% at $4.18, based on net income of $867 million.

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