Elan Prepares For A Buying Spree Now That Biogen Has Taken Over Tysabri
This article was originally published in The Pink Sheet Daily
Executive Summary
Biogen Idec announced Feb.6 that it will pay $3.25 billion to its partner Elan for full rights to the multiple sclerosis drug Tysabri. The deal was not a surprise to Biogen investors, but it leaves Elan with a war chest of cash and virtually no commercial assets.
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