Biotech Values

[DewDiligence]

Re: Lightning strikes third time at Elan

>Who says lightning doesn't strike twice? …Elan went one better this week. With this week's collapse in its share price, Elan has now lost 70 per cent or more of its value three times in seven years.<

The first "lightning strike" occurred because the company got caught cooking the books in a manner that would have made Enron proud. For all practical purposes, the current ELN is a different company.


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