Biogen quarter-one results disappoint Wall Street as Tecfidera sales slow

The company's name is displayed on a billboard near the headquarters of Biogen Idec Inc. in CambridgeSales of Tecfidera beat the average analyst estimate by about $36 million last quarter. Tecfidera raked in sales of $824.9 million in the first quarter ended March 31, compared with $506 million a year earlier, but missed consensus projections of about $931 million, according to Deutsche Bank.

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