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Form 8-K · Current Report · Filed 2024-10-30

Biogen Announces Q3 2024 Results and Raises Full Year Guidance

Biogen Inc. reported Q3 2024 financial results, showing total revenue of $2.5 billion, GAAP diluted EPS of $2.66, and Non-GAAP diluted EPS of $4.08. The company raised its full-year 2024 guidance for Non-GAAP diluted EPS to between $16.10 and $16.60, reflecting approximately 11% growth at the mid-point versus 2023. This update was driven by continued progress in commercial operations and positive developments in its late-stage pipeline.

Filer
Biogen Inc. BIIB · NASDAQ
Filed
Accession
0000875045-24-000030
CIK
0000875045
Signal
High impactHealthcare

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement Raised Guidance
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$183.47

Next session

-5.2%

Since filing

+10.6%

Latest close

$202.95

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from BIIB reporting the same item, with the next session's move:

Exhibits (1)

About Biogen Inc.

Biogen Inc. is a globally recognized biotechnology company committed to discovering, developing, and delivering innovative therapies for neurological diseases. With a focus on serious medical conditions, Biogen creates therapies aimed at treating conditions like multiple sclerosis, Alzheimer's disease, and spinal muscular atrophy. The company invests heavily in research and development to pioneer treatments that improve patients' quality of life and addresses critical unmet medical needs. Biogen's influence spans various therapeutic areas in the healthcare sector, making notable strides in both neurodegenerative and rare diseases. The company's portfolio includes a range of biologics, gene therapy, and small molecule drugs, highlighting its strategic diversity. As a prominent player within the biopharmaceutical industry, Biogen collaborates with academic institutions, research organizations, and other biotech firms to enhance its research pipeline and bring new solutions to market. Biogen's role in the financial markets is underscored by its contributions to healthcare innovation and its impact on global health outcomes. Headquartered in Cambridge, Massachusetts, Biogen continues to leverage its scientific expertise and industry alliances to remain at the forefront of biotechnology, influencing both investors and the broader medical community.

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