Elan’s Martin Aims To Set The Record Straight About Recent Buying Spree

Changes at the Irish company have sparked a swath of media speculation and analyst interest. Elan CEO Kelly Martin used a recent fireside chat in New York to paint a clearer picture of what is going on at the company and the rationale behind its recently proposed M&A.

Since the Phase III failure of its Alzheimer’s drug bapineuzumab in 2012, Elan Corp. PLC has been scrambling to reinvent itself, leaving investors bewildered by its rapid-fire, seemingly irrational decisions.

Acquisitions worth $1.44 billion in total and a re-negotiation of a lucrative deal with Biogen Inc. over its multiple sclerosis drug Tysabri (natalizumab) were all announced between February and...

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