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Biotech / Medical : LIPO-Liposome

LIPO 0.350

-4.4%

Nov 7 9:30 AM EST

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To: Ming Wu who wrote ()	3/6/2000 7:58:00 AM
From: michael_f_murphy	of 900

Monday March 6, 7:26 am Eastern Time Company Press Release SOURCE: Elan Corporation, plc Elan to Acquire The Liposome Company - A Step in the Building of an Oncology Presence - DUBLIN, Ireland, and PRINCETON, N.J., March 6 /PRNewswire/ -- Elan Corporation, plc (NYSE: ELN - news; ``Elan') and The Liposome Company Inc. (Nasdaq: LIPO - news; ``Liposome') today announced that they have entered into a definitive merger agreement under which Elan will acquire Liposome. The transaction represents a strategic step for Elan into the oncology market and will be a platform from which Elan can build a presence in the oncology area. Elan is presently focused on the discovery, development and marketing of therapeutic products and services in neurology and pain management and advanced drug delivery systems. ---cut---

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