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 3Q | Contract Pharma

What are you searching for?

Sign in
Breaking News, Financial News

Financial Report: Elan 3Q

Early stage business restructuring impacts earnings

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Elan

3Q Revenues: $306.6 million (+10%)

3Q Loss: $13.7 million (earnings were $670.6 million in 3Q11)*

YTD Revenues: $883.0 million (+11%)

YTD Loss: $30.2 million  (earnings were $755.2 million YTD11)

Comments: Tysabri global in-market sales grew 3% to $403.8 million, reflecting a 17% growth in U.S. sales of Tysabri, offset by an 11% decrease in the rest of world. Loss in the quarter includes charges of $111.3 million related to the separation of the Neotope business and the discontinuation of Elan’s remaining early stage research activities, and an impairment charge of $117.3 million related to the Janssen AI equity method investment following J&J’s discontinuation of bapineuzumab intravenous in Alzheimer’s disease.

*Includes a gain of $664.0 million for the divestment of EDT business.

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