-----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, NrRMZFHYdEVBHIo5eL65zCp4+R9zYeuyaWSuF6aRVEghNemu8D3cB7leppXxEcUL irviXKcxE4rDkxNrU8Un0A== 0000950135-99-001001.txt : 19990226 0000950135-99-001001.hdr.sgml : 19990226 ACCESSION NUMBER: 0000950135-99-001001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990222 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990225 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: 99549500 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): February 22, 1999 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 February 22, 1999, 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 4,000,000 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 February 22, 1999. 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: February 22, 1999 4 EXHIBIT INDEX Exhibit Number Description - ------ ----------- 99.1 The Registrant's Press Release dated February 22, 1999 EX-99.1 2 THE REGISTRANT'S PRESS RELEASE DATED FEB 22, 1999 1 Exhibit 99.1 - ------------ Media Contact: Lisa Easley Manager, Public Relations Biogen, Inc. tel: (617) 679-2812 Investment Community Contact: Elizabeth Woo Manager, Investor Relations Biogen, Inc. tel: (617) 679-2812 FOR IMMEDIATE RELEASE BIOGEN ANNOUNCES THAT BOARD OF DIRECTORS HAS AUTHORIZED REPURCHASE OF UP TO 4,000,000 SHARES OF COMMON STOCK Cambridge, MA (February 22, 1999) -- Biogen, Inc. (NASDAQ/BGEN) today announced that its Board of Directors has authorized the repurchase of up to 4,000,000 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 and other corporate considerations. Jim Vincent, Biogen's Chairman and Chief Executive Officer, said, "We believe the repurchase of our stock is an attractive opportunity and is consistent with our objective of enhancing long-term shareholder value. The Board's action further demonstrates our continued confidence in our strategy and in our prospects for future growth." During the period from December 1997 through November 1998, the Company completed a 2,000,000 share buyback, representing the first stock repurchase program instituted by the Company. In addition to historical information, this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's current beliefs and expectations. Drug development and commercialization involve a high degree of risk. Factors which could cause actual results to differ materially from the Company's current expectations are described from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. ###MORE### Page 2 Biogen Board of Directors Authorizes Repurchase of up to 4,000,000 Shares 2 Biogen, Inc., winner of the 1998 U.S. National Medal of Technology, is a biopharmaceutical company principally engaged in discovering and developing drugs for human healthcare through genetic engineering. Headquartered in Cambridge, MA, the Company's revenues are generated from U.S. and European sales of AVONEX(R) (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 for multiple sclerosis, inflammatory, respiratory, kidney and cardiovascular diseases and in 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-----