Strong Start to the Year
Biogen reported a strong first quarter with a significant shift in its revenue composition. The new product portfolio, including ZURZUVAE, LEQEMBI, and VUMERITY, now represents about 45% of the company's product revenue.
LEQEMBI Commercial Success
LEQEMBI achieved $96 million in revenue. The product has received marketing authorization in the EU, reinforcing its efficacy, safety profile, and importance.
SKYCLARYS Growth
SKYCLARYS generated worldwide sales of $124 million, marking a 59% year-over-year increase and 21% quarter-over-quarter growth. The product has been launched in 26 markets.
Pipeline Progress
Biogen initiated the Phase 3 TRANSCEND study for felzartamab in AMR and received FDA Fast Track designation for their ASO targeting BIIB080 in Alzheimer's before even reading out Phase 2.