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Biotech / Medical : Elan Corporation, plc (ELN)

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To: Lance Bredvold who wrote (425)	7/27/1999 8:40:00 AM
From: William Partmann	of 10345

July 27 (Reuters) - Irish pharmaceuticals group Elan Corp Plc (quote from Yahoo! UK & Ireland: ELA.L)(NYSE:ELN - news) said on Tuesday it had signed a technology transfer and license agreement with U.S. group Merck & Co on Elan's NanoCrystal technology. Elan said it would receive up to $30 million in pre-commercialisation payments, milestone fees and royalties and sales of products formulated using its technology. The technology improves the delivery of poorly water-soluble medicines by transforming the drug compounds into nanometer-sized particles that can be used in traditional forms of dosage, including oral, injectable, and aerosol.

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