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July 02, 2009 at 09:41 AM EDT
Elan rallies as J&J to invest $1 billion-plus
Johnson & Johnson plans to make a $1 billion investment in Irish drugmaker Elan . in exchange for commercial rights to its experimental Alzheimerâs disease medications, and will further fund development efforts in this area up to $500 million.
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Biogen Idec, Inc.
Elan Corp. PLC ADS
Johnson & Johnson
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