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Records $12.1 million in Tysabri royalties in the quarter
October 24, 2013
By: Tim Wright
Editor-in-Chief, Contract Pharma
Elan 3Q Revenues: $48.6 million (n/a) 3Q Loss: $13.8 million (loss of $229.9 million 3Q12) YTD Revenues: $105.1 million (n/a) YTD Earnings: $2.3 billion (loss of $290.2 million) Comments: Following the transfer of Tysabri rights to partner Biogen, Elan receives royalties on Tysabri in-market sales.The company recorded $12.1 million in the quarter, reflecting the first full quarter of the new royalty arrangements on Tysabri. Shareholder meetings in November will address the progression of t...
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