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Novartis in Talks For Parts of Elan

Stock quotes in this article: NVS , ELN  

Novartis(NVS Quote), the Swiss drugmaker, is in talks to buy certain operations from Ireland's Elan(ELN Quote), according to a report from London's Sunday Times.

The sale would include biotechnology company Elan's flagship multiple sclerosis treatment Tysabri and its Alzheimer's disease pipeline, the newspaper said.

A "well-placed source" confirmed the talks but added that the "complexity of the deal made a decision some way off," the Sunday Times reported. ...

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