Biogen Raises Profit Guidance

This is a U.S news story, published by CNBC, that relates primarily to Biogen news.

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Biogen

CNBC

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Biogen tops estimates, raises profit guidance as Alzheimer's drug Leqembi gains traction

Summary

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Biogen reported third-quarter revenue and adjusted earnings that topped expectations.

The company also raised its full-year profit guidance.

Sales of its breakthrough Alzheimer's drug, Leqembi , helped offset a year-over-year decline in revenue for the company's multiple sclerosis products.

The treatment brought in $67 million in sales for the third quarter , including $39 million from the U.S ..

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