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With increased sales of its newer drugs compensating for declining revenues from its multiple sclerosis (MS) portfolio, Biogen is once again positioned for a “growth story,” CEO Chris Viehbacher sa | With increased sales of its newer drugs compensating for declining revenues from its multiple sclerosis portfolio, Biogen finally is positioned once again for a “growth story,” CEO Chris Viehbacher said Wednesday during the company’s second quarter earnings call. The company has flipped its 2026 revenue guidance from an expected mid-single digit decline in 2026 to a mid-single digit increase.
Biogen flipped 2026 guidance to growth via $5.6B Apellis acquisition and three 2023 launches (Leqembi +15%, Skyclarys +29%, Zurzuvae +53%); Q2 revenue $2.74B, highest since 2021. Portfolio shift to neurology/rare disease demonstrates big pharma's M&A-led diversification strategy: bolt-on acquisitions and product launches counter aging franchise erosion.
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