Elan revenues down 23%

Elan has announced that its total revenue decreased 23% to $101.1m (€79.45m) in the third quarter of 2004 from $131.2m (€103m) in the same quarter of 2003.

The company reports a third-quarter net loss of $107.8m (€84.8m) compared with a loss of $91m (€71.6m) the same time last year.