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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
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SCHEDULE 14A
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Soliciting Material Pursuant to § 240.14a-12 |
BIOGEN IDEC INC.
(Name of Registrant as Specified In Its Charter)
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For More Information Contact:
Biogen Idec Media Contact:
Jennifer Neiman
Senior Manager, Public Affairs
(617) 914-6524
Biogen Idec Investor Relations Contact:
Eric Hoffman
Director, Investor Relations
(617) 679-2812
BIOGEN IDEC ANNOUNCES HEAD OF RESEARCH AND DEVELOPMENT
DR. CECIL B. PICKETT TO RETIRE
Cambridge, MA, March 12, 2009 Biogen Idec (NASDAQ: BIIB), a global biotechnology leader in the
discovery, development, manufacturing, and commercialization of innovative therapies, today
announced that Cecil B. Pickett, Ph.D., President, Research and Development, will retire from this
position. The Company has initiated a search for a successor that will consider internal and
external candidates. Dr. Pickett will continue to head Research and Development until his successor
is appointed. He will remain on the Companys Board of Directors after he steps down from his
executive position.
Cecil was recruited to transform Biogen Idecs pipeline, build an exceptional leadership team and
select a successor to lead R&D for the next decade, said Biogen Idec CEO James C. Mullen. With 22
programs in Phase 2 and beyond, our pipeline is now among the strongest in the industry and rivals
those of companies substantially larger than Biogen Idec. We look forward to continuing to benefit
from his insights as a member of our Board of Directors.
I am extremely proud to have been part of the transformation of Biogen Idecs product pipeline,
said Dr. Pickett. Today, with five potentially first-in-class or best-in-class compounds in
registrational trials and plans to initiate another three this year, our pipeline stands as one of
the most robust in the industry. This is the right time for me to help in the transition to a new
leader to carry these and other programs forward.
Biogen Idec is hosting an R&D day on March 25 to review the companys pipeline.
-MORE-
Page 2 Biogen Idec Announces Head of Research and Development Dr. Cecil B. Picket to Retire
About Biogen Idec
Biogen Idec creates new standards of care in therapeutic areas with high unmet medical needs.
Biogen Idec is a global leader in the discovery, development, manufacturing, and commercialization
of innovative therapies. Patients in more than 90 countries benefit from Biogen Idecs significant
products that address diseases such as lymphoma, multiple sclerosis, and rheumatoid arthritis. For
product labeling, press releases and additional information about the company, please visit
www.biogenidec.com.
Safe Harbor
This press release contains forward-looking statements regarding the development of our product
pipeline. Forward-looking statements are subject to risks and uncertainties that could cause actual
results to differ materially from that which we expect, including the uncertainty of success in
successfully developing and commercializing our product candidates, the occurrence of adverse
safety events with our product candidates, competitive pressures, our dependence on collaborations
over which we may not always have full control, possible adverse impact of government regulation,
our ability to protect our intellectual property rights and the cost of doing so and the other
risks and uncertainties that are described in Item 1.A. Risk Factors in our annual report on Form
10-K and in other reports we file with the SEC. These forward-looking statements speak only as of
the date of this press release, and we do not undertake any obligation to publicly update any
forward-looking statements, whether as a result of new information, future events, or otherwise.
Important Information
Biogen Idec and its directors, executive officers and other members of its management and employees
may be deemed to be participants in the solicitation of proxies from the stockholders of Biogen
Idec in connection with the Companys 2009 annual meeting of stockholders. Information concerning
the interests of participants in the solicitation of proxies will be included in any proxy
statement filed by Biogen Idec in connection with the Companys 2009 annual meeting of
stockholders.
In addition, Biogen Idec files annual, quarterly and special reports with the Securities and
Exchange Commission (the SEC). The proxy statements and other reports, when available, can be
obtained free of charge at the SECs web site at www.sec.gov or from Biogen Idec at
www.biogenidec.com. Biogen Idec stockholders are advised to read carefully any proxy statement
filed in connection with the Companys 2009 annual meeting of stockholders when it becomes
available before making any voting or investment decision. The Companys proxy statement will also
be available for free by writing to Biogen Idec Inc., 14 Cambridge Center, Cambridge, MA 02142. In
addition, copies of the proxy materials may be requested from our proxy solicitor, Innisfree M&A
Incorporated, by toll-free telephone at (877) 750-5836 or by e-mail at info@innisfreema.com.
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