Biogen Idec profit rises as new multiple sclerosis drug shines

(Reuters) - Biogen Idec Inc on Wednesday said fourth-quarter profit soared 57 percent, helped by strong sales of its new multiple sclerosis drug, Tecfidera. The U.S. biotechnology company's net profit rose to $457.3 million, or $1.92 per share, in the quarter ended December 31, from $292.1 million, or $1.23 per share, a year earlier. Excluding special items, Biogen earned $2.34 per share. Analysts on average expected $2.28 per share, according to Thomson Reuters I/B/E/S. The high-profile multiple sclerosis drug had sales of $398 million for the period. Total sales rose 39 percent to $1. ...



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