Elan completes recovery plan ahead of target

Pharmaceutical company Elan Corporation, has announced the completion of the sale of its European sales and marketing business to Medeus Pharma, a new UK pharmaceutical company backed by private equity firm Apax Partners Funds.

Fri, 13 Feb, 2004 - 09:44

Pharmaceutical company Elan Corporation, has announced the completion of the sale of its European sales and marketing business to Medeus Pharma, a new UK pharmaceutical company backed by private equity firm Apax Partners Funds.

Elan has raised around $120m (€93.7m) from the sale, which was first announced in late December.

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CourtsBusinessHeathrowPlace: UKPlace: IrelandPlace: NewPlace: LondonPerson: Kelly MartinOrganisation: ElanOrganisation: Elan CorporationOrganisation: Medeus PharmaOrganisation: Apax Partners FundsOrganisation: Dublin Stock Exchanges
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