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Elan (ELN +3%) says it's launching a $1B share buyback after it closes its restructuring deal...

Elan (ELN +3%) says it's launching a $1B share buyback after it closes its restructuring deal with Biogen (BIIB) over Tysabri. The deal allows ELN to move from the current 50:50 business collaboration to an upfront payment of $3.25B and a double digit tiered royalty structure for the life of the complete Tysabri asset.
Comments (1)
  • (ELN) market cap is $6.3 billion.
    22 Feb 2013, 03:44 PM Reply Like
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