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Biotech / Medical : Elan Corporation, plc (ELN)
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From: Arthur Radley10/29/2008 7:38:40 PM
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Since the last two cases were disclosed we've had about 3,000 patients on the drug -- about 1,000 a month ... I think every case that comes along next will have minimal impact as long as that rate stays about 1 in 1,000," said Cowen & Co analyst Eric Schmidt.

But Birchenough said Tysabri sales trends are sensitive to even a single case of PML and there is concern that physicians may hesitate to start new patients on the drug.

"The problem for Biogen is this is their only growth driver," he said.

Biogen said last week that 35,000 patients worldwide were being treated with Tysabri and it continued to expect that 100,000 patients will be taking the drug by 2010.
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