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Revenue from the Biopharmaceuticals business was up 29% in the quarter and 51% for the year, driven by a strong performance from Tysabri, which offset reduced sales of Maxipime due to generic competition.
February 10, 2009
By: Tim Wright
Editor-in-Chief, Contract Pharma
Elan 4Q Revenues: $269.8 million (+24%) 4Q Earnings: $169.5 million (loss of $83.5 million in 4Q07) FY Revenues: $1.0 billion (+32%) FY Loss: $71.0 million (loss of $405 million FY08) Comments: Revenue from the Biopharmaceuticals business was up 29% in the quarter and 51% for the year, driven by a strong performance from Tysabri, which offset reduced sales of Maxipime due to generic competition. For the quarter and full year, recorded Tysabri sales were $152.2 million ...
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