MedWatch

Biogen Q3 results better than expected, updrades guidance

The US-based biotech company Biogen has released its Q3 report for 2021, stating that sales and revenue decrease was smaller than expected – subsequently, financial guidance is upgraded.

Photo: Brian Snyder/Reuters/Ritzau Scanpix

The US premarket indicator for Biogen stock is up 1.8 percent at USD 273.

This in spite of Biogen's total Q3 revenue drop of 18 percent, ending at USD 2.78bn – thus over analysts' estimates of USD 2.68bn.

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