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Financial Report: Elan 1Q11

Tysabri revenues were up 23% to $245.2 million in the quarter, offsetting revenue loss from legacy products including Azactam, Prialt, Maxipime and Skelaxin, which contributed $38.7 million in 1Q10.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Elan 1Q11

1Q Revenues: $313.0 million (+1%)

1Q Earnings: $68.2 million (loss of $6.8 million in 1Q10)

Comments: Tysabri revenues were up 23% to $245.2 million in the quarter, offsetting revenue loss from legacy products including Azactam, Prialt, Maxipime and Skelaxin, which contributed $38.7 million in 1Q10. Total revenue from the Elan Drug Technologies drug delivery business was $65.9 million (-14%). Earnings in the quarter include a $78.0 million settlement gain related to Abraxis.

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