Investors often overlook SEC filings, and it is the job of the 10Q Detective to dig through businesses’ 8-K and 10-Q SEC filings, looking for financial statement ‘soft spots,'(depreciation policies, warranty reserves, and restructuring charges, etc.)that may materially impact Quality of Earnings.
Monday, October 26, 2009
Lethal Infection at Biogen Idec
Expect European regulators to likely recommend that the use of Biogen Idec’s (BIIB-$44.16) drug for relapsing forms of multiple sclerosis, Tysabri, include mandatory drug holidays after a determined length of use, as 23 cases of progressive multifocal leukoencephalopathy (PML) have been reported in those on therapy. How would this development impact recent sales momentum of Tysabri – e.g. for the first time since early 2008 Copaxone (glatiramer acetate) patients became the primary source of switches – and the growing importance of the MS drug to operating profitability? Read more at BNET Pharma Industries….
Web Buzz: Biogen Idec Update – could there be a link between the seemingly higher prevalence of Tysabri-related PML cases in Germany and lack of oversight? Read More at BNET Pharma….
Editor David J Phillips does not hold a financial interest in any stocks mentioned n this article. The 10Q Detective has a Full Disclosure Policy.