Elan Sues Over Biogen Objection To $1B J&J Deal

Law360, New York (August 6, 2009, 5:39 PM EDT) -- Elan Corp. PLC went on the offensive Thursday against Biogen Idec Inc., its partner in developing the multiple sclerosis treatment Tysabri, to secure a court order that a $1 billion acquisition deal with a Johnson & Johnson affiliate does not violate its collaboration agreement with Biogen Idec.

Elan Pharma International Ltd. filed suit in the U.S. District Court for the Southern District of New York, seeking a declaration that its parent company can go ahead with the transaction, despite a letter Biogen Idec sent to the...
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