uploads///Tysabri

Performance Update on Biogen’s Multiple Sclerosis Drugs

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Apr. 25 2018, Updated 10:45 a.m. ET

Tecfidera revenue trends

In 1Q18, Biogen’s (BIIB) Tecfidera generated revenues of $987 million compared to $958 million in 1Q17. That reflected a ~3% growth on year-over-year (or YoY) basis and an ~8% decline quarter-over-quarter.

In 1Q18 in the US and international markets, Tecfidera generated revenues of $729 million and $258 million, respectively, compared to $751 million and $207 million, respectively, in 1Q17. That’s a ~3% decline and a ~25% growth, respectively, on a YoY basis.

In 1Q18, in the US and international markets, Tecfidera witnessed a 12% decline and a 6% growth, respectively, on a quarter-over-quarter basis.

The growth in patient volume in the top European markets primarily attributed to revenue growth in the international markets. In 1Q18, Tecfidera benefited $12 million due to changes in foreign exchange rates.

In the multiple sclerosis drugs market, Tecfidera’s peers in oral medications include Sanofi’s (SNY) Aubagio and Novartis’s (NVS) Gilenya.

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Tysabri revenue trends

In 1Q18, Tysabri generated revenues of $462 million compared to $545 million in 1Q17, which reflected a ~15% decline on a YoY basis. In 1Q18, Tysabri’s quarter-over-quarter revenues remained flat.

In 1Q18, in the US and international markets, Tysabri generated revenues of $250 million and $212 million, respectively, compared to $306 million and $239 million, respectively, in 1Q17. That was an ~18% and ~11% decline, respectively, on a YoY basis.

In 1Q18, in the US and international markets, Tysabri witnessed a ~1% decline and a 1% growth, respectively, on a quarter-over-quarter basis.

In 1Q18, Tysabri sales by volume in the United States remained stable compared to 4Q17. In 1Q18, Tysabri benefited $17 million due to changes in foreign exchange rates. In 1Q18 in Europe, more patients were on Tysabri therapy compared to 1Q17. Tysabri witnessed a double-digit patient growth in emerging markets in 1Q18.

In the multiple sclerosis drugs market, Tysabri’s peer in infused medications is Sanofi’s (SNY) Lemtrada.

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