Elan halves losses
31/01/2006 - 11:20:16Pharmaceutical giant Elan today announced that it almost halved net losses in 2005.
The company today said reduced costs have led to improved operating margins and a reduction in net losses of 46% to $58.3m (€48.2m).
It also said product revenue in the fourth quarter of 2005 grew by 30% over last year while the company retained cash balances in excess of $1bn (€826m).
