Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Biogen Inc
Companies and corporations

Biopharmaceutical Corporation Biogen Inc: scope of activity and developments

05.04.2021
2 min read

Global market position and success of Biogen Inc

Biogen Inc is an international biopharmaceutical company, whose business area is the development and sale of drugs and methods of treatment of neurological disorders, as well as neuroimmune and neurodegenerative diseases. The headquarters of the corporation is located in Cambridge, Massachusetts.
Biogen Inc is one of the leaders in the treatment of such serious illnesses as Alzheimer’s disease, Parkinson’s disease, dementia. In addition, the company creates and sells medicines for neurocognitive disorders, ophthalmology, hematological diseases. Biogen owns a division that manufactures biological analogues of known drugs.
The Corporation was founded by a team of advanced biologists, two of whom have Nobel Prizes for DNA decoding and discovery of cleft genes. Biogen was founded in Geneva in 1978, and now its research facilities and enterprises are located in various European countries and in the United States. The company’s products are represented all over the world and hold leading positions in such major markets as Japan, the United States and Europe. Local sales are carried out through Biogen’s own marketing offices, while in other countries they work through distributors and partners who distribute products to specialized medical institutions. There is another option of sales – through local pharmaceutical companies, but such cooperation is used in those countries where the corporation has just opened its offices and has not yet fully entered the market.
Biogen generates the largest revenue in the U.S., accounting for 62% of total revenue. Two major distributors, AmerisourceBergen and McKesson, make key contributions to sales, and together they own 50 percent of the revenue.

Biogen Inc

To gain market share, Biogen has completed numerous M&A transactions. The acquisition of IDEC Pharmaceuticals, which took place in 2003, enabled Biogen to become the largest biotechnology corporation in the world. In spring 2006, it became known about the purchase of Conforma Therapeutics, which created drugs against various types of cancer. The amount of the deal was 250 million dollars. This was followed by another major purchase – Fumapharm. This company was interesting due to its medicines for the treatment of psoriasis and various forms of sclerosis.
In 2015 Biogen became the owner of Convergence Pharmaceuticals, having bought it for 675 million dollars.
Biopharmaceutical sector is highly competitive, because to maintain its position in the market, companies must constantly develop innovative drugs and offer new mechanisms to treat certain diseases. Therefore, Biogen is developing in two directions – management and technology. It allows using advanced technologies and improving the processes of product sales and expanding the range of products provided.

Tags: Companies and corporations
0
Previous Post IEA: whether to expect oil prices to rise by 2040 Next Post Ingvar Kamprad: biography of the founder of the famous IKEA store chain

You Might Also Like

Kärcher
Companies and corporations
How the German company Kärcher appeared: the main stages of development
09.06.2022
Hongqi
Companies and corporations
History of the Hongqi luxury car brand from China
26.09.2024
verizon communications
Companies and corporations
How Verizon Communications was formed
31.12.2021
Equinor Corporation
Companies and corporations
Equinor Corporation: business overview
25.08.2024
Maersk history
Companies and corporations
Transnational company Maersk: history of development
09.08.2024
Italian brand Fendi
Companies and corporations
Fendi: the story of a fashion house from Rome
24.07.2024

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics