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Biotech / Medical : Elan Corporation, plc (ELN) -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (1937)3/24/2002 8:07:56 PM
From: arnie h  Read Replies (2) | Respond to of 10345
 
<What would Merck or Novartis (merely blind examples/picks) pay for it, in your opinion?>
I'm still focused on the $8 Bil paid by Bristol for the DuPont pharmaceutical business. Same level of current sales with a broader pipeline of new developments. The BM bid was not a single negotiated deal but the result of an auction style process. Also, looking at the $11 Bil paid for Alza.

Gruntal reiterated their $27 and $40 short and long term targets on Thursday, and Morningstar has a fair market value of $33. Wondering whether these outfits have any tie in that might induce them to inflate their values. Their numbers are in the $8-11+ Bil range.