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Alkermes Bags Elan Drug Delivery Unit for $960M

By Nuala Moran

Tuesday, May 10, 2011
LONDON – Alkermes Inc. is acquiring the drug delivery arm of Elan plc in a cash and shares deal valued at $960 million. Of that Elan will receive $500 million cash, with the balance coming in the form of 31.9 million shares.

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