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What to Pay Attention to When Biogen (BIIB) Releases Earnings

NEW YORK (TheStreet) -- Biogen (BIIB - Get Report) is scheduled to release its third quarter fiscal 2015 earnings results before the opening bell on Wednesday.

Based in Cambridge, MA, Biogen discovers, develops, manufactures, and markets therapies for the treatment of neurological, autoimmune, and hematologic disorders in the U.S. and internationally.

For the latest quarter, analysts are expecting the company to earn $3.67 a share on revenue of $2.64 billion.

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In the third quarter of fiscal 2014, the company earned $3.62 a share on revenue of $2.51 billion.

Despite the year-over-year earnings growth, the company has been pressured by slowing revenue growth for its multiple sclerosis drug Tecfidera, which is its biggest selling product.

Additionally, the media has been criticizing some biopharma companies for putting high price tags on drugs.

For instance, Biogen's decades-old multiple sclerosis drug Avonex is currently priced at more than $60,000 a year, up from less than $10,000 a year, its first price tag when it got approved in 1996, TheStreet's Adam...


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