Replies to post #80478 on Biotech Values

[drbio45]

>i agree with the desperation deal and clearly the market agrees as well. THe stock was bought at a 30% premium by J & J, yet only closed up 10%. J &J practically added 1.5B to elan and gave it back some shred of credibility, yet the market cap only increased 300 million. Incredible! <

It was a desperation deal. But I believe you are all looking at it like ELAN sold too cheap out of desperation. I think it was a desperation deal but the received TOO MUCH.

I believe if ELN didn't make this deal they were on their way to zero and the billion and a half dineros keeps them in business earning nice salaries for many more years.