Scrip is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


Won't Elan shareholders nix Theravance deal?

This article was originally published in Scrip

Executive Summary

There's been a lot of buzz around yesterday's announcement by Elan that it is to pay $1 billion for a 21% share of Theravance's royalties from some – but not all – of the respiratory products it has partnered with GlaxoSmithKline (, 13 May 2013). To summarize the buzz, it has mostly been along the lines of "What a great deal for Theravance!" (the company's share price went up 17.9%; its executives indicated this had been a rapidly arranged agreement and refused to discuss whether they'd shopped their offer around) and "What is Elan doing?" (the company's ADRs went down 1.44%).

You may also be interested in...

Pfizer, Fosun Partner BioNTech On mRNA COVID-19 Vaccine

BioNTech extends Pfizer partnership to cover COVID-19 vaccine development and distribution while Fosun Pharma takes Chinese rights.

CureVac’s German Owner Rejects US Coronavirus Vaccine Grab

Dietmar Hopp, 80% shareholder of German mRNA company CureVac, has rejected the possibility that the company would sign an exclusive deal with the US for its investigational coronavirus vaccine.

Buyers And Sellers: How Corporate Transactions Are Shaping Pharma

Infographic: Scrip homes in on key figures for companies integrating major acquisitions or divesting significant parts of their business.


Related Companies




Ask The Analyst

Please Note: Click here for more information on the Ask the Analyst service.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts