Replies to post #220956 on Biotech Values

[rajaram46]

Any other upcoming IPOs that you have an interest in?

[DewDiligence]

ELAN +45% from the IPO after three days of trading. It could take a while for the dust to settle, LOL.

[DewDiligence]

ELAN—FDA approves Experior to reduce ammonia released by cattle excrement:

https://www.fda.gov/NewsEvents/Newsroom/FDAInBrief/ucm625209.htm

Experior is the first drug approved for this purpose.

[DewDiligence]

Re: ELAN’s pending full separation from LLY

LLY plans to divest its remaining ownership of ELAN via a share-swap tender offer (as PFE did with ZTS). Compared to an outright distribution, the swap offer is beneficial for ELAN insofar as LLY’s ELAN shares end up in the hands of only those investors who want them.

See #msg-146636595 for ELAN’s 4Q18 results.