Biogen Backs Down From M&A

Scangos says the firm will keep its head down to continue controlling costs, maximizing revenues and advancing the pipeline this year.

Biogen Inc. wouldn't acknowledge rumors that it plans to sell its hemophilia business, but CEO George Scangos told analysts during a first quarter earnings call that the big biotech will be focusing on "cost control" and keeping its head down.

"For the remainder of the year, we are focused on three areas: careful control of our costs, maximizing our revenues,...

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