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Biotech / Medical : Elan Corporation, plc (ELN)

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To: Icebrg who wrote (1951)3/28/2002 7:34:10 AM
From: biostruggle  Read Replies (1) of 10345
 
Another failure from Elan.

Extremely disappointing.

UCB is a sub-optimal partner. It isn't a household name and doesn't have the necessary muscle to penetrate this competitive market," said Nick Staples, analyst at West LB Panmure.

He said UCB had a primary care sales force of around 475 in the United States, compared with more than 3,000 for a major player.

"This reaffirms our view that Frova will be a niche product," Staples added, forecasting annual sales of $100 million by 2006.
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