Biogen Blinks, Cedes Icahn 1 Board Seat

Biogen Idec(BIIB Quote) today confirmed that its shareholders elected one of Carl Icahn's dissident nominees to its board at Wednesday's combative annual meeting.

Still, the biotech firm said results for the election of a second rebel were too close to call.

In the wake of the vote Wednesday afternoon, Icahn was loudly claiming that, according to his camp's own tally, his slate had won two seats. That would move him one step closer to his stated goal of forcing the breakup or sale of Biogen. ...