Columns The MS Wire - A Column by Ed Tobias Will layoffs at Biogen affect its focus on multiple sclerosis treatments? Will layoffs at Biogen affect its focus on multiple sclerosis treatments? With 'shift in resources' underway, pharmaceutical giant cuts jobs from MS team by Ed Tobias | April 14, 2023 Share this article: Share article via email Copy article link Biogen has been a top dog in the multiple sclerosis (MS) treatment field for decades. The pharmaceutical giant developed Avonex (interferon beta-1a), approved in the U.S. in 1996 as one of the first disease-modifying therapies (DMTs) for MS. I remember how excited I was to be participating in its Phase 3 clinical trial. “Finally, there’s a medication that might stop my MS,” I thought. MS medications, such as Avonex, have long been some of Biogen’s top revenue producers. According to BioSpace, last year, Biogenās MS business earned $5.43 billion ā nearly 68% of the companyās annual revenue. BioSpace also reports that Tysabri (natalizumab) was the company’s best moneymaker, earning more than $2.3 billion in 2022. It was followed by Tecfidera (dimethyl fumarate), with more than $1.4 billion in sales. Vumerity (diroximel fumarate), Plegridy (peginterferon beta-1a), and Fampyra (fampridine) ā which Acorda Therapeutics markets as Ampyra (dalfampridine) in the U.S. ā accompany Avonex on the roster of Biogen’s MS medications. Recommended Reading April 11, 2023 News by Steve Bryson, PhD Mavenclad benefits for MS sustained up to 15 years after last treatment Biogen layoffs You’d think with a hefty stable of MS treatments like that, a layoff wouldn’t be in the cards. But The Boston Globe and other news organizations are reporting that there’s been one, and it includes people working on the MS treatment team. Matt Winton, who’d been a senior vice president and head of that team, confirmed his departure on LinkedIn late last month. Biogen’s MS treatments, especially Tecfidera, have been facing competition from generics. In October, the U.S. Supreme Court refused to hear an appeal seeking to reinstate the company’s patent for Tecfidera. And according to Yahoo, Tysabri’s sales are being threatened by a possible biosimilarĀ that is now being tested and could be approved in the U.S. and Europe later this year. Costs are high and sales are dropping The Boston Globe story quotes Biogen CEO Christopher Viehbacher as telling investors last February that the company āhas a cost base that is probably higher than most of its peers, and we need to think about that much more systematically.ā He acknowledged that its MS treatments are “a declining revenue base” and said Biogen would be making “a shift in resources” to other medications, such as a recently approved Alzheimer’s drug and an antidepressant that’s in the approval pipeline. Will the layoffs affect people with MS? Biogen hasn’t said how many of its workers have been laid off, but I hope these departures won’t affect the company’s MS research or its commitment to MS treatments. Two of its DMTs, Avonex and Tysabri, have helped hold my MS in check over the years. I’m grateful that they were available. I’d hate to see Biogen move away from the significant attention it’s paid to MS for some three decades. You’re invited to visit my personal blog at www.themswire.com. Note:Ā Multiple Sclerosis News TodayĀ is strictly a news and information website about the disease. It does not provide medical advice,Ā diagnosis, orĀ treatment. This content is not intended to be a substitute for professional medical advice,Ā diagnosis, orĀ treatment. Always seek the advice of your physician or other qualified health provider with any questions you may have regarding a medical condition. Never disregard professional medical advice or delay in seeking it because of something you have read on this website. The opinions expressed in this column are not those ofĀ Multiple Sclerosis News TodayĀ or its parent company, BioNews, and are intended to spark discussion about issues pertaining to multiple sclerosis. Print This Page About the Author Ed Tobias People say to write what you know and Ed Tobias knows about MS. He's lived with the illness since 1980, when he was 32 years old. Ed's a retired, award-winning broadcast journalist and his column combines his four decades of MS experiences with news and comments about the latest in the MS community. In addition to writing his column, Ed is one of the patient moderators on the MS News Today Facebook, Twitter, and Instagram sites. Heās also the author of āThe Multiple Sclerosis Toolbox: Hints and Tips for Living with M.S.ā Ed and his wife split their time between the Washington, D.C. suburbs and Floridaās Gulf Coast, trying to follow the sun. Tags Biogen, MS treatments Comments Leave a comment Fill in the required fields to post. Your email address will not be published. Your Name Your Email Your Comment Post Comment
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