Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Biogen Idec Inc. > News item |
Biogen completes review process with no definitive offers
By Lisa Kerner
Charlotte, N.C., Dec. 12 - Biogen Idec Inc. will continue as an independent company, its board decided after completing a review of strategic alternatives.
The board began the review process on Oct. 12 to gauge interest in Biogen by major pharmaceutical companies, a company news release stated.
However, no definitive offers for Biogen were received.
Biogen will continue to focus on achieving a series of goals by the end of 2010 that include:
• 100,000 patients on Tysabri (natalizumab);
• More than 40% of the company's revenue coming from its international business;
• Four new products and/or existing products launched in new indications;
• Six programs in late-stage clinical development; and
• Generating revenue growth at a 15% compound annual growth rate and non-GAAP earnings per share at a 20% compound annual growth rate from 2007 through 2010.
Biogen is a Cambridge, Mass.-based pharmaceutical company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.