ISEQ battles back but stays in the red

The ISEQ made afternoon recovery from an early slump today but still closed the day down 11.11 to 6,263.84 today as Elan was plunged into more trouble with further bad news from the United States.

Elan's shares slumped a further 77c today to €4.80 today after news of a second confirmed death of a patient being treated on a combination including the company's multiple sclerosis drug Tysabri.