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Biopharmaceutical business revenue was up 28% driven by Tysabri sales, offsetting reduced sales of Azactam and Maxipime.
April 23, 2009
By: Tim Wright
Editor-in-Chief, Contract Pharma
Elan 1Q 1Q Revenues: $245.1 million (+14%) 1Q Loss: $102.6 million (loss of $85.5 million in 1Q08) Comments: Biopharmaceutical business revenue was up 28% driven by Tysabri sales, offsetting reduced sales of Azactam and Maxipime. Elan recorded $158.7 million of Tysabri sales (+48%) in the quarter. Revenue from the Elan Drug Technologies (EDT) business dropped 14%, due to timing differences of milestone payments earned and customer orders. The increase in losses primarily relates to sev...
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