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Home > News > Elan Reports Second Quarter 2006 Financial Results

August 1st, 2006

Elan Reports Second Quarter 2006 Financial Results

Abstract:
Commenting on Elan's second quarter financial results, Shane Cooke, Elan's executive vice president and chief financial officer, said, "We are very pleased to report another solid quarter with strong progress across all of our business and development activities and a 37% reduction in net losses. We reported a 15% increase in revenues, improved operating margins and, excluding costs and revenues associated with Tysabri, adjusted EBITDA was positive for the third consecutive quarter.

Source:
businesswire

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