Related News
Home » Business » Manufacturing
Elan beats expectations as revenue rises
IRISH drug maker Elan beat expectations with a 14 percent rise in second-quarter revenues when reporting a wider net loss yesterday.
Elan recorded a loss per share of 14 US cents for the three months to the end of June, versus a loss of 15 US cents in the 2008 period. Four analysts polled by Reuters expected an average loss before exceptional items of 15 US cents.
Elan's total quarterly revenue rose to US$281 million, driven by a 30 percent jump in sales of its multiple sclerosis drug Tysabri. That compared with a forecast for US$260 million.
Elan, which recently sold an 18.4 percent stake to United States-based Johnson & Johnson, said around 43,300 patients worldwide were on Tysabri therapy - a drug it markets with Biogen Idec - by the end of June.
Biogen and Elan originally predicted 100,000 patients would be taking Tysabri by the end of 2010.
Elan recorded a loss per share of 14 US cents for the three months to the end of June, versus a loss of 15 US cents in the 2008 period. Four analysts polled by Reuters expected an average loss before exceptional items of 15 US cents.
Elan's total quarterly revenue rose to US$281 million, driven by a 30 percent jump in sales of its multiple sclerosis drug Tysabri. That compared with a forecast for US$260 million.
Elan, which recently sold an 18.4 percent stake to United States-based Johnson & Johnson, said around 43,300 patients worldwide were on Tysabri therapy - a drug it markets with Biogen Idec - by the end of June.
Biogen and Elan originally predicted 100,000 patients would be taking Tysabri by the end of 2010.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.