Really ALL YOU NEED TO KNOW!!!!
"Elan considers selling Tysabri stake
LONDON - Elan Corp. is considering selling its stake in multiple sclerosis drug Tysabri, its only moneymaker, or a piece of the company to pay debt and fund research....
And a KILLER (Dangerous Drugs, second article down)!!!
The Irish drug maker surprised analysts by reporting a profit.... Elan will have $200 million in cash at year-end, about half the amount at the end of 2008, and needs money for the final and most expensive tests of drug candidates to treat Alzheimer's....
"Everything is on the table," chief financial officer Shane Cook said on an earlier call with reporters. That includes the company's venture with Biogen Idec Inc. of Cambridge on Elan's only revenue-generator, Tysabri, and its Alzheimer's partnership with Wyeth of Madison, N.J., Cook said.
Elan is in talks with Biogen Idec "on a daily basis," Cook said. He declined to elaborate on specific discussions about selling Tysabri. If Elan is interested in selling its share of Tysabri, Biogen has the right of first refusal, said a spokeswoman for Biogen.
Notice they DID NOT BRING UP the DEATH-INDUCING SIDE EFFECTS?!!!!
It's ALL ABOUT the $$$$$, NOT YOUR HEALTH!!!!!!!!!!
