News
21 Apr 2011
Elan Reports Profit of $68.2M in Q1
Elan has reported total revenue of $313m for the first quarter ended 31 March 2011.
Irish drug company Elan released results yesterday for the first quarter of its financial year.
Tysabri revenues were up 23% to $245.2 million in the quarter, offsetting revenue loss from legacy products including Azactam, Prialt, Maxipime and Skelaxin, which contributed $38.7 million in 1Q10. Total revenue from the Elan Drug Technologies drug delivery business was $65.9 million (-14%). Earnings in the quarter include a $78.0 million settlement gain related to Abraxis.
1Q Revenues: $313.0 million (+1%)
1Q Earnings: $68.2 million (loss of $6.8 mill
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