Elan Reports Third Quarter 2012 Financial Results
The SG&A expenses related to the Tysabri ROW sales are reflected in the Tysabri ROW revenue as previously described on page 10.
Research and development
| Three Months Ended | Nine Months Ended | |||||||
| September 30 | September 30 | |||||||
| 2011 | 2012 | 2011 | 2012 | |||||
| US$m | US$m | US$m | US$m | |||||
| 40.4 | 34.0 | Cash expenses | 120.5 | 106.1 | ||||
| 1.7 | 1.5 | Depreciation and amortization | 5.1 | 4.7 | ||||
| 2.3 | 1.5 | Share-based compensation | 7.4 | 8.7 | ||||
| 44.4 | 37.0 | Total | 133.0 | 119.5 | ||||
R&D expenses decreased by $7.4 million to $37.0 million for the third quarter of 2012, from $44.4 million for the third quarter of 2011 primarily as a result of lower spend on early stage research activities that are not part of the Neotope separation and reduced spend on Tysabri development activities.
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