Elan reaches agreement with Amarin over debt

UK company Amarin and Elan have reached agreement about the $46.4m (€40.8m) debt owed by Amarin.

Amarin has agreed to pay Elan $30m (€26.4m) in cash no later than 31st December, 2003 and also will pay $10m (€8.8m) in equity when Zelapar annual sales reach $20m (€17m).