Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Financial Report: Elan | Contract Pharma

What are you searching for?

Sign in
Breaking News, Financial News

Financial Report: Elan

Revenue from the BioNeurology business was up 7% for the year boosted by Tysabri sales, while revenue from Elan Drug Technologies (EDT) fell due to reduced revenue from Maxipime, Azactam and Prialt.

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Elan

4Q Revenues: $308.9 million (+3%)

4Q Loss: $52.2 million (loss of $57.7 million 4Q10)

YTD Revenues: $1.2 billion (+5%)

YTD Loss: $324.7 million (loss of $176.2 million YTD10)

Comments: Revenue from the BioNeurology business was up 7% for the year boosted by Tysabri sales, while revenue from Elan Drug Technologies (EDT) fell due to reduced revenue from Maxipime, Azactam and Prialt. Revenue growth for the year was attributed to an 18% increase in Tysabri sales to $851.5 million, as well as a 9% drop in operating expenses. Loss for the year includes a settlement reserve charge of $206.3 million for Zonegran.


Click here to learn more about Elan.

Add us as a preferred source on Google

Get the latest Contract Pharma news, insights and analysis in your Google Search and AI experiences.

Add Contract Pharma as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters