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>> MULTIPLE SCLEROSIS Latest News

FEB 06, 2013 - Yahoo! News

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Elan seeks acquisitions after $3.25 billion MS drug deal

DUBLIN (Reuters) - Irish drugmaker Elan is raising more than $3.25 billion by selling its interests in its main drug and will splash out most of the proceeds on acquisitions, effectively reinventing itself as a company. Under a deal announced on Wednesday, Elan's partner Biogen Idec will take full ownership of blockbuster multiple sclerosis (MS) treatment Tysabri and will make an upfront payment to the Irish group plus royalties on future sales. ...

Tags: Elan seeks acquisitions after $3.25 billion MS drug deal,  Multiple Sclerosis Latest News