Elan Corporation, plc (ELN) Message Board

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Biotech / Medical : Elan Corporation, plc (ELN)

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To: scaram(o)uche who wrote (3636)	11/22/2002 5:36:55 PM
From: biostruggle	Read Replies (2) of 10345

Elan sold 20 % of athena to investor group for 41.5 million in 1991. That values Athena Diag at 205 million dollars. Obviously those values were not obtained and explains why elan only received 82 million. Elan had to kick some money back to original group. Elan did not do well with this sale. Only 1.5 billion to go to overcome Geaney's folly.

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