Earnings

Biogen’s controversial Alzheimer’s drug generates $2 million sales in first few weeks after approval

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Aduhelm by Biogen

Source: Biogen

Biogen‘s Alzheimer’s drug, Aduhelm, generated $2 million in revenue in the first few weeks of its approval, the company said Thursday in releasing its second-quarter earnings along with an open letter about the controversial drug.

Biogen hiked its revenue guidance for the year, saying it expects total sales of $10.65 billion to $10.85 billion this year. That’s up from its previous estimates of $10.45 billion to $10.75 billion. The new forecast assumes “modest” revenue from Aduhelm in 2021, ramping up thereafter, the company said.

Here’s how Biogen did during the three months ended June 30 compared with what Wall Street expected, according to average estimates…



Source cnbc.com

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