Biogen drops ‘Idec’ from corporate name to underline remarkable progress

March 23, 2015 8:42 AM

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Biotech firm Biogen Idec Inc. is going to drop ‘Idec’ from its name on Monday in order to adopt a new logo. The Massachusetts-based company had merged with Idec Pharmaceuticals over a decade ago.

In a note to the employees, George Scangos, Chief Executive Official of Biogen Idec Inc., said that the name change of the company was intended at highlighting the “remarkable progress” of the company.

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