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Biogen Idec (BIIB) has agreed to acquire full ownership of multiple-sclerosis drug Tysabri from...

Biogen Idec (BIIB) has agreed to acquire full ownership of multiple-sclerosis drug Tysabri from Elan (ELN) for $3.25B plus future royalty payments. Biogen has co-marketed the injectable treatment, which generated revenue of $1.6B last year, with Elan for twelve years, with both firms splitting the profit until now. The deal comes as Biogen awaits approval for its BG-12 pill to treat MS. (PR)
Comments (1)
  • (ELN) has a market cap of $6.2 billion, so deal about half ELN's market cap. Not bad.
    6 Feb 2013, 08:27 AM Reply Like
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