BIOGEN INC.

BIOGEN INC. Overview

Company Headquarters: Massachusetts, US

Founded: 1978

Workforce: 7,800

Company Working:

Biogen Inc. discovers, develops, manufactures, and delivers therapies for the treatment of neurological and neurodegenerative diseases worldwide. The company offers drugs for the treatment of multiple sclerosis, plaque psoriasis spinal muscular atrophy, non-Hodgkin's lymphoma, Chronic Lymphocytic Leukemia (CLL), and among other conditions. The company offers products through its sales force and marketing groups. It has strategic collaborations with Ionis Pharmaceuticals to develop drug candidates for neurological diseases. The company was formerly known as Biogen Idec Inc. and changed its name to Biogen Inc. in March 2015. The firm has a strong presence in North America, Europe, Asia-Pacific, and

Strategy

Biogen Inc. focuses on expanding the business by partnerships with other companies. The company also focuses on optimizing the drug development process to gain maximize profits. Moreover, it also focuses on improve its ability to innovate in biomedical R&D.

Company Snapshot

$9,817.9M

Revenue

7,800

Employees

1978

Founded

Massachusetts, US

Headquarters

SWOT Analysis

Strengths

Highly focused on developing drugs for neurological and neurodegenerative diseases
Well developed R&D facility

Weaknesses

Sales dropped because of new generic products

Opportunities

Product portfolio diversification
Acquisitions and mergers
Research collaborations and funding from institutes and government organizations

Threats

Increasing number of players in the global market

Product Offering

Autoimmune Diseases
- Actemra
- RITUXAN
- COTELLIC
- RITUXAN HYCELA
- ERIVEDGE

Financial Performance

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