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Dumping drug discovery makes Tysabri-rich Elan tastier takeover target

This article was originally published in Scrip

Executive Summary

Elan could look like an attractive takeover target for a big pharma or biotech company looking for an uncomplicated profit boost, now that it has announced plans to split out its profitable Tysabri and later-stage assets from its early-stage drug discovery business and cut its workforce down from 380 to around 170-190 across the two firms. The front-runner for potential bids would indeed probably be its Tysabri partner Biogen Idec.

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