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Biotech / Medical : Biogen
BIIB 154.72-1.3%3:14 PM EST
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To: Biomaven who wrote (998)6/9/1999 5:12:00 PM
From: P.M.Freedman  Read Replies (1) of 1686
 
In February, Biogen announced a repurchase of 4 million shares of BGEN over the next two years. Based on the 10Q ended in March, Biogen already purchased 500,000 shares in a month period. The average prices they paid were around $100/sh or totally $48.8 million. It was more than what they earned in last whole quarter (45.7 million). It looks like Biogen wanted to reduce the outstanding shares for better numbers badly in last quarter. Let's see how will it be in this quarter.
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