Elan's High Wire Act Finds a Semi-Safe Net

Elan's and Johnson & Johnson's multi-faceted Alzheimer's disease partnership, announced on July 2, addresses the strategic needs of both parties--but also creates new uncertainties.

Elan Corp. PLC’s and Johnson & Johnson’s multi-faceted partnership, announced on July 2, addresses the strategic needs of both parties—but also creates new uncertainties. [See Deal]

The beleaguered Irish biotech is selling all rights to its Alzheimer’s disease immunotherapy program (AIP), as well as an 18.4%...

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