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Elan still at sell for Merrill
Elan Corp. was kept at a sell by Merrill Lynch analyst Erica Whittaker after Elan posted a wider third-quarter loss than expected, in part due to lower reported Tysabri sales of $8 million than consensus forecasts of $12 million. According to the analyst, clinical checks show a cautious response reflected in Tysabri's slow launch profile in the United States and Europe. Shares of the Dublin, Ireland-based biotechnology company were down 31 cents, or 2.03%, at $14.93. (NYSE: ELN)
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