Drugmaker Elan plans to explore sale of company, invites spurned Royalty Pharma to participate

  • by: TOM MURPHY , AP Business Writer
  • Updated: June 14, 2013 - 12:00 PM

Shares of Elan Corp PLC jumped Friday after the drugmaker said it will explore a possible sale of the company while its board continues to fend off a hostile takeover bid from Royalty Pharma.

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