Biogen acquires sole rights to MS drug from Elan for $3.25B

02/7/2013 | Reuters · Genetic Engineering & Biotechnology News

Biogen Idec agreed to pay Elan $3.25 billion plus future royalties to acquire all rights to multiple sclerosis drug Tysabri, or natalizumab. Tysabri was jointly developed by Biogen and Elan. The deal will strengthen Biogen's presence in the multiple sclerosis drug market as it awaits the FDA's decision on another MS drug, Tecfidera, or dimethyl fumarate.

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Reuters · Genetic Engineering & Biotechnology News

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