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Biogen’s Q3 Aduhelm Sales Even Worse Than Expected

Executives Emphasize Low Expectations Through Year-End

 
• By Mandy Jackson

Analysts expected at least $12m in third quarter sales, but the Alzheimer’s therapy brought in just $300,000. The company says educating doctors and procuring a coverage determination from CMS – not lower pricing – are key to growth.  

Success in business concept. Rising arrow and financial report.
Biogen's overall Q3 sales beat consensus, but expectations for Aduhelm are high • Source: Alamy

Expectations for Biogen, Inc.’s third quarter sales of its Alzheimer’s therapy Aduhelm (aducanumab) were low, but the company reported $300,000 in revenue from the product, falling far below analyst consensus of $12m-$17m for Q3. Executives and outside commentators set a low bar prior to Biogen’s earnings report on 20 October, and the company reiterated that it has a lot of work to do to drive significant sales growth in 2022 and beyond.

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