BIIB is looking to gap up at the open on a favorable deal which will increase its 2013 GAAP earnings by 20-30c. BIIB has agreed to purchase Elan's interest in TYSABRI (natalizumab) and upon closing will gain full strategic, commercial and decision-making rights to TYSABRI. Caveats: Earnings were lower in its most recent quarter compared to the same quarter a year ago, and because it is a huge company, it tends to move more slowly thus while risk is less, so is the reward.
BGU - BIIB BGU
|Published:||6 Feb 2013 13:33 ET|
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