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Biotech / Medical : Elan Corporation, plc (ELN)

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To: biostruggle who wrote (3061)8/14/2002 12:01:39 PM
From: Harold Engstrom  Read Replies (1) of 10345
 
I concur. Furthermore, at the moment, Myobloc accounts for a very small percentage of revenues. And we don't have enough information to know whether margins are an issue at all for myobloc.

Bill, things are probably not as bleak as your would paint them. The company has revenue from product sales. $1B worth. The company has IP and business units and sales forces and more. While things are riskier than would could have anticipated, there is a very good chance that Elan can pull out of this and climb strongly - it needs to execute on stated plan and it needs good trial results news. Now the company is not an underpriced, fully-integrated pharmaceutical company; it is an company trying to become a fully-integrated biopharmaceutical company again.
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