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Biogen Inc (NASDAQ: BIIB) posted Q2 adjusted EPS of $5.68 ahead of the consensus estimate of $4.55, but quarterly profit fell around 71% Y/Y to $448.5 million as competition intensified for the Company’s flagship product, Tecfidera, a multiple sclerosis drug. Though sales of $2.8 billion came in above expectation of $2.6 billion, it decreased 25% Y/Y at actual currency and decreased 26% at constant currency.
...read full article on Benzinga
