-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UgvVJEBF/vgZZMwrXd6bp8yIfUEC2KCnvBIDp4IjPZJrG7sRM3en4PgYrNrpCDei eBZR/byofKbJXc7S0oqsKQ== 0000950135-97-004085.txt : 19971009 0000950135-97-004085.hdr.sgml : 19971009 ACCESSION NUMBER: 0000950135-97-004085 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971006 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971008 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIOGEN INC CENTRAL INDEX KEY: 0000714655 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 043002117 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-12042 FILM NUMBER: 97692543 BUSINESS ADDRESS: STREET 1: 14 CAMBRIDGE CTR CITY: CAMBRIDGE STATE: MA ZIP: 02142 BUSINESS PHONE: 6176792000 MAIL ADDRESS: STREET 1: 14 CAMBRIDGE CTR CITY: CAMBRIDGE STATE: MA ZIP: 02142 FORMER COMPANY: FORMER CONFORMED NAME: BIOGEN NV DATE OF NAME CHANGE: 19880622 8-K 1 BIOGEN, INC. 1 Securities and Exchange Commission Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 6, 1997 Biogen, Inc. (Exact name of Registrant as specified in its charter) Massachusetts 0-12042 04-3002117 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 14 Cambridge Center Cambridge, MA 02142 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (617) 679-2000 2 Item 5. Other Events. On October 6, 1997, the Registrant publicly disseminated a press release announcing the authorization by the Registrant's Board of Directors of the repurchase by the Registrant of up to 2,500,000 shares of the Registrant's Common Stock. The Registrant expects that the stock repurchases will commence in the near term and will occur from time to time over the next two years. The stock repurchase program may be discontinued at any time. The information contained in the press release is incorporated herein by reference and filed as Exhibit 99.1 hereto. Item 7. Financial Statements and Exhibits. (c) Exhibits. 99.1 The Registrant's Press Release dated October 6, 1997. 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Biogen, Inc. By: /s/ Michael J. Astrue ------------------------------------ Michael J. Astrue Vice President - General Counsel Date: October 6, 1997 4 EXHIBIT INDEX Exhibit Number Description 99.1 The Registrant's Press Release dated October 6, 1997 EX-99.1 2 PRESS RELEASE 1 Exhibit 99.1 Media Contact: Kenneth Keen Senior Communications Specialist Biogen, Inc. tel: (617)679-2837 Investment Community Contact: John Conley Director of Investor Relations Biogen, Inc. tel: (617)679-2812 FOR IMMEDIATE RELEASE BIOGEN ANNOUNCES THAT BOARD OF DIRECTORS AUTHORIZES REPURCHASE OF UP TO 2,500,000 SHARES OF COMMON STOCK Cambridge, MA (October 6, 1997) -- Biogen, Inc. (NASDAQ/BGEN) today announced that its Board of Directors has authorized the repurchase of up to 2,500,000 shares of its common stock. The repurchased stock will provide the Company with treasury shares for general corporate purposes, such as stock to be issued under employee stock option and stock purchase plans. Stock purchases will occur from time to time over the next two years, depending on market conditions. Jim Tobin, Biogen's President and Chief Executive Officer, said, "We believe this stock buyback plan is in the best interests of our shareholders and reflects our commitment to maximizing shareholder value. By approving this plan, the Board of Directors has expressed its confidence in our strategy and our prospects for future growth." Biogen, Inc., headquartered in Cambridge, MA, is a biopharmaceutical company principally engaged in discovering and developing drugs for human healthcare through genetic engineering. The Company's revenues are generated from U.S. and European sales of AVONEXa (Interferon beta-1a) for treatment of relapsing forms of multiple sclerosis, and from the worldwide sales by licensees of a number of products, including alpha interferon and hepatitis B vaccines and diagnostic products. Biogen's research and development activities are focused on novel products in multiple sclerosis, inflammatory, respiratory, kidney and cardiovascular diseases, developmental biology and gene therapy. For copies of press releases and additional information about the Company, please consult Biogen's Homepage on the World Wide Web at http://www.biogen.com. -----END PRIVACY-ENHANCED MESSAGE-----