NDC sales data suggests that Tysabri sales are tracking above estimates, likely reflecting the recent Crohn’s disease launch (March) and increased clinician comfort with Tysabri usage in MS. Merrill expects Avonex sales at least in-line with expectations. Given the recent price increases for Avonex (9%) and Tysabri (3%), they anticipate continued revenue strength and upward guidance revision.

Biogen will provide a 2-year update for Tysabri either prior to the earnings call or on the call. Given the lack of negative press, the firm believes this update will be favorable, with a significant number of patients from the clinical trials exceeding 2- years of exposure. This is an important milestone, and a favorable report is likely to increase physician comfort with Tysabri usage.

Price tgt is upped to $79 frm $64.

Notablecalls: In light on Genentech’s (DNA) buyout offer from Roche, I think this BIIB upgrade will have legs. I expect to see at least a 5% upside move in BIIB today.

Last 5 posts by Notable Calls

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