Biosimilars Growth At Biogen Still Pending As Unfavorable Market Takes Its Toll

Company Expects Significant Contributions From Byooviz From Next Year

Biogen expects impending biosimilar launches to stimulate new growth, while unfavorable market conditions have taken their toll on the company.

Biogen logo building
Biogen expects a return to form by 2025 • Source: Shutterstock

Outgoing Biogen CEO Michel Vounatsos told investors that the company believes new launches of biosimilars have the potential to drive renewed growth, particularly its “gradual” Byooviz (ranibizumab-nuna) launch, which is expected to make a more meaningful contribution to its revenue from 2023.

The biosimilars business, alongside wider near-term opportunities for Biogen, “have the potential to drive renewed growth and position us to...

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