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Revenue from the BioNeurology business was up 7% for the year boosted by Tysabri sales, while revenue from Elan Drug Technologies (EDT) fell due to reduced revenue from Maxipime, Azactam and Prialt.
February 8, 2011
By: Tim Wright
Elan 4Q Revenues: $308.9 million (+3%) 4Q Loss: $52.2 million (loss of $57.7 million 4Q10) YTD Revenues: $1.2 billion (+5%) YTD Loss: $324.7 million (loss of $176.2 million YTD10) Comments: Revenue from the BioNeurology business was up 7% for the year boosted by Tysabri sales, while revenue from Elan Drug Technologies (EDT) fell due to reduced revenue from Maxipime, Azactam and Prialt. Revenue growth for the year was attributed to an 18% increase in Tysabri sales to $851.5 million, as well as a 9% drop in operating expenses. Loss for the year includes a settlement reserve charge of $206.3 million for Zonegran. Click here to learn more about Elan.
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