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v3.21.2

Revenues (Tables) | 9 Months Ended
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Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Revenues by product | Revenue by product is summarized as follows:
|  | For the Three Months Ended September 30,
|  | 2021 |  | 2020
(In millions) |  | United States |  | Rest of World |  | Total |  | United States |  | Rest of World |  | Total
Multiple Sclerosis (MS): |  |  |  |  |  |  |  |  |  |  |  |
Fumarate* |  | $ | 299.9 |  |  | $ | 319.6 |  |  | $ | 619.5 |  |  | $ | 684.2 |  |  | $ | 283.3 |  |  | $ | 967.5 |
Interferon** |  | 252.4 |  |  | 135.1 |  |  | 387.5 |  |  | 327.3 |  |  | 146.8 |  |  | 474.1 |
TYSABRI |  | 281.1 |  |  | 241.7 |  |  | 522.8 |  |  | 304.2 |  |  | 212.3 |  |  | 516.5 |
FAMPYRA |  | — |  |  | 26.2 |  |  | 26.2 |  |  | — |  |  | 26.8 |  |  | 26.8 |
Subtotal: MS product revenue |  | 833.4 |  |  | 722.6 |  |  | 1,556.0 |  |  | 1,315.7 |  |  | 669.2 |  |  | 1,984.9 |
Spinal Muscular Atrophy: |  |  |  |  |  |  |  |  |  |  |  |
SPINRAZA |  | 139.8 |  |  | 304.3 |  |  | 444.1 |  |  | 182.5 |  |  | 311.9 |  |  | 494.4 |
Alzheimer's disease: |  |  |  |  |  |  |  |  |  |  |  |
ADUHELM*** |  | 0.3 |  |  | — |  |  | 0.3 |  |  | — |  |  | — |  |  | — |
Biosimilars: |  |  |  |  |  |  |  |  |  |  |  |
BENEPALI |  | — |  |  | 120.8 |  |  | 120.8 |  |  | — |  |  | 124.2 |  |  | 124.2 |
IMRALDI |  | — |  |  | 57.4 |  |  | 57.4 |  |  | — |  |  | 56.2 |  |  | 56.2 |
FLIXABI |  | — |  |  | 24.6 |  |  | 24.6 |  |  | — |  |  | 27.5 |  |  | 27.5 |
Subtotal: Biosimilar product revenue |  | — |  |  | 202.8 |  |  | 202.8 |  |  | — |  |  | 207.9 |  |  | 207.9 |
Other: |  |  |  |  |  |  |  |  |  |  |  |
FUMADERM |  | — |  |  | 2.5 |  |  | 2.5 |  |  | — |  |  | 3.1 |  |  | 3.1 |
Total product revenue |  | $ | 973.5 |  |  | $ | 1,232.2 |  |  | $ | 2,205.7 |  |  | $ | 1,498.2 |  |  | $ | 1,192.1 |  |  | $ | 2,690.3 |
*Fumarate includes TECFIDERA and VUMERITY. **Interferon includes AVONEX and PLEGRIDY. *** In June 2021 the U.S. Food and Drug Administration (FDA) granted accelerated approval of ADUHELM, which became commercially available in the U.S. during the second quarter of 2021. For additional information, please read Note 16, Collaborative and Other Relationships - Eisai Co., Ltd. - ADUHELM Collaboration Agreement, to these condensed consolidated financial statements.
|  | For the Nine Months Ended September 30,
|  | 2021 |  | 2020
(In millions) |  | United States |  | Rest of World |  | Total |  | United States |  | Rest of World |  | Total
Multiple Sclerosis (MS): |  |  |  |  |  |  |  |  |  |  |  |
Fumarate* |  | $ | 805.1 |  |  | $ | 945.8 |  |  | $ | 1,750.9 |  |  | $ | 2,383.4 |  |  | $ | 875.2 |  |  | $ | 3,258.6 |
Interferon** |  | 751.6 |  |  | 436.8 |  |  | 1,188.4 |  |  | 965.5 |  |  | 456.0 |  |  | 1,421.5 |
TYSABRI |  | 854.2 |  |  | 696.2 |  |  | 1,550.4 |  |  | 826.0 |  |  | 644.9 |  |  | 1,470.9 |
FAMPYRA |  | — |  |  | 78.8 |  |  | 78.8 |  |  | — |  |  | 78.1 |  |  | 78.1 |
Subtotal: MS product revenue |  | 2,410.9 |  |  | 2,157.6 |  |  | 4,568.5 |  |  | 4,174.9 |  |  | 2,054.2 |  |  | 6,229.1 |
Spinal Muscular Atrophy: |  |  |  |  |  |  |  |  |  |  |  |
SPINRAZA |  | 437.8 |  |  | 1,026.6 |  |  | 1,464.4 |  |  | 628.2 |  |  | 925.8 |  |  | 1,554.0 |
Alzheimer's disease: |  |  |  |  |  |  |  |  |  |  |  |
ADUHELM*** |  | 2.0 |  |  | — |  |  | 2.0 |  |  | — |  |  | — |  |  | — |
Biosimilars: |  |  |  |  |  |  |  |  |  |  |  |
BENEPALI |  | — |  |  | 363.9 |  |  | 363.9 |  |  | — |  |  | 363.9 |  |  | 363.9 |
IMRALDI |  | — |  |  | 170.9 |  |  | 170.9 |  |  | — |  |  | 162.6 |  |  | 162.6 |
FLIXABI |  | — |  |  | 75.4 |  |  | 75.4 |  |  | — |  |  | 71.8 |  |  | 71.8 |
Subtotal: Biosimilar product revenue |  | — |  |  | 610.2 |  |  | 610.2 |  |  | — |  |  | 598.3 |  |  | 598.3 |
Other: |  |  |  |  |  |  |  |  |  |  |  |
FUMADERM |  | — |  |  | 8.3 |  |  | 8.3 |  |  | — |  |  | 9.2 |  |  | 9.2 |
Total product revenue |  | $ | 2,850.7 |  |  | $ | 3,802.7 |  |  | $ | 6,653.4 |  |  | $ | 4,803.1 |  |  | $ | 3,587.5 |  |  | $ | 8,390.6 |
*Fumarate includes TECFIDERA and VUMERITY. **Interferon includes AVONEX and PLEGRIDY. *** In June 2021 the FDA granted accelerated approval of ADUHELM, which became commercially available in the U.S. during the second quarter of 2021. For additional information, please read Note 16, Collaborative and Other Relationships - Eisai Co., Ltd. - ADUHELM Collaboration Agreement, to these condensed consolidated financial statements.
Analysis of change In reserves | An analysis of the change in reserves for discounts and allowances is summarized as follows:
(In millions) |  | Discounts |  | Contractual Adjustments |  | Returns |  | Total
Balance, December 31, 2020 |  | $ | 141.4 |  |  | $ | 1,093.0 |  |  | $ | 41.6 |  |  | $ | 1,276.0 |
Current provisions relating to sales in current year |  | 556.3 |  |  | 2,255.8 |  |  | 11.1 |  |  | 2,823.2 |
Adjustments relating to prior years |  | 1.2 |  |  | (71.5) |  |  | (0.5) |  |  | (70.8) |
Payments/credits relating to sales in current year |  | (422.2) |  |  | (1,598.6) |  |  | (0.3) |  |  | (2,021.1) |
Payments/credits relating to sales in prior years |  | (136.7) |  |  | (732.1) |  |  | (9.9) |  |  | (878.7) |
Balance, September 30, 2021 |  | $ | 140.0 |  |  | $ | 946.6 |  |  | $ | 42.0 |  |  | $ | 1,128.6 |
Total reserves included in consolidated balance sheets | The total reserves above, which are included in our condensed consolidated balance sheets, are summarized as follows:
(In millions) |  | As of September 30, 2021 |  | As of December 31, 2020
Reduction of accounts receivable |  | $ | 146.2 |  |  | $ | 195.4 |
Component of accrued expense and other |  | 982.4 |  |  | 1,080.6 |
Total revenue-related reserves |  | $ | 1,128.6 |  |  | $ | 1,276.0 |
Revenues from anti-CD20 therapeutic programs | Revenue from anti-CD20 therapeutic programs are summarized in the table below. For the purposes of this footnote, we refer to RITUXAN and RITUXAN HYCELA collectively as RITUXAN.
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(In millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Biogen’s share of pre-tax profits in the U.S. for RITUXAN and GAZYVA |  | $ | 145.8 |  |  | $ | 275.0 |  |  | $ | 498.7 |  |  | $ | 873.8 |
Other revenue from anti-CD20 therapeutic programs |  | 269.6 |  |  | 285.1 |  |  | 745.7 |  |  | 685.0 |
Total revenue from anti-CD20 therapeutic programs |  | $ | 415.4 |  |  | $ | 560.1 |  |  | $ | 1,244.4 |  |  | $ | 1,558.8 |
Other revenues | Other revenue is summarized as follows:
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
(In millions) |  | 2021 |  | 2020 |  | 2021 |  | 2020
Revenue from collaborative and other relationships: |  |  |  |  |  |  |  |
Revenue earned under our technical development agreement, manufacturing services agreements and royalty revenue on biosimilar products with Samsung Bioepis |  | $ | 6.3 |  |  | $ | 5.4 |  |  | $ | 15.7 |  |  | $ | 13.6 |
Other revenue from collaborative and other relationships |  | — |  |  | — |  |  | — |  |  | 0.7 |
Other royalty and corporate revenue: |  |  |  |  |  |  |  |
Royalty |  | 7.7 |  |  | 10.3 |  |  | 20.3 |  |  | 28.8 |
Other corporate |  | 143.8 |  |  | 110.0 |  |  | 314.1 |  |  | 599.5 |
Total other revenue |  | $ | 157.8 |  |  | $ | 125.7 |  |  | $ | 350.1 |  |  | $ | 642.6 |

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