Biotech Values

[iandy]

Kelly Martin was supposed to step down in January:

http://www.dddmag.com/news/2012/03/elan-ceo-postpones-resignation

Does KM think he is going rebuild Elan from the ground up now?

"You can do a lot of things with $3 billion, you can buy companies, molecules, you can partner, you can share risk. The world is our oyster," Martin said in a telephone interview.

Elan has a long history of blunders and bad luck.
This latest deal looks like another bad move.
Perhaps they should just call it a day..
a very long day.