Tuesday, July 24, 2007

Biogen posts strong 2nd-qtr profit, boosts outlook

(Reuters) - BOSTON, July 24 - Biogen Idec Inc reported better-than-expected earnings on Tuesday, boosted by strong sales of its drugs for multiple sclerosis and cancer, and raised its outlook for the year.



The Cambridge, Massachusetts-based biotechnology company posted a profit of 70 cents a share excluding one-time items, compared to 57 cents a year ago.


Read more at Reuters.com Market News

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