Elan Corp PLC ADS
(NYSE: ELN)
14.15
+0.37
+2.69%
+0.37
+2.69%
MORE ON ELN
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Elan Corp PLC |
| Industry: | Biotechnology |
| Employees: | 412 |
DESCRIPTION
| Elan Corp PLC, an Irish public limited company, is a neuroscience-based biotechnology company. It was incorporated as a private limited company in Ireland in December 1969 and became a public limited company in January 1984. It is a neuroscience-based biotechnology company and its business is organized into two business units namely BioNeurology and Elan Drug Technologies (EDT). On September 16, 2011, it announced the completion of the merger between Alkermes, Inc. and EDT. In BioNeurology, the company is developing therapies for serious diseases that have long been considered intractable, including MS, Alzheimer’s disease and Parkinson’s disease. EDT develops and manufactures pharmaceutical products that deliver clinically meaningful benefits to patients, using its experience and proprietary drug technologies in collaboration with pharmaceutical companies. Tysabri, a treatment for relapsing forms of MS, competes mainly with Avonex, Betaseron(r), Berlex. The pharmaceutical industry is subject to significant regulation by international, national, state and local governmental regulatory agencies. |
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