875045--2/21/2007--BIOGEN_IDEC

related topics

{property, intellectual, protect}

{cost, regulation, environmental}

{customer, product, revenue}

{product, candidate, development}

{regulation, government, change}

{operation, international, foreign}

{product, liability, claim}

{loan, real, estate}

{personnel, key, retain}

{acquisition, growth, future}

{tax, income, asset}

{provision, law, control}

{financial, litigation, operation}

{competitive, industry, competition}

If we do not successfully execute our strategy of growth through the acquisition, partnering and in-licensing of products, technologies or companies, our future performance could be adversely affected If we fail to compete effectively, our business and market position would suffer We depend on collaborators for both product and royalty revenue and the clinical development of future collaboration products, two important parts of our business outside of our full control We depend, to a significant extent, on reimbursement from third party payors and a reduction in the extent of reimbursement could negatively affect our product sales and revenue Our business is subject to extensive governmental regulation and oversight and changes in laws could adversely affect our revenues and profitability If we fail to comply with the extensive legal and regulatory requirements affecting the healthcare industry, we could face increased costs, penalties and a loss of business Manufacturing problems could result in our inability to deliver products, inventory shortages, product recalls and increased costs We rely on third parties to provide services in connection with the manufacture of our products and, in some instances, the manufacture of the product itself If we fail to meet the stringent requirements of governmental regulation in the manufacture of our products, we could incur substantial remedial costs and a reduction in sales We are committing to a significant investment in the expansion of a manufacturing facility the success of which relies upon continued demand for our products If we are unable to attract and retain qualified personnel and key relationships, the growth of our business could be harmed Our operating results are subject to significant fluctuations If we are unable to adequately protect and enforce our intellectual property rights, our competitors may take advantage of our development efforts or our acquired technology If our products infringe the intellectual property rights of others, we may incur damages and be required to incur the expense of obtaining a license Uncertainty over intellectual property in the biotechnology industry has been the source of litigation, which is inherently costly and unpredictable Pending and future product liability claims may adversely affect our business and our reputation Our business involves environmental risks, which include the cost of compliance and the risk of contamination or injury Our international sales and operations are subject to the risks of doing business abroad Our investments in marketable securities are significant and are subject to interest and credit risk that may reduce their value We may incur liabilities to tax authorities in excess of amounts that have been accrued Several aspects of our corporate governance and our collaboration agreements may discourage a third party from attempting to acquire us

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875045--2/21/2007--BIOGEN_IDEC_INC