Orlando, FL -- (SBWIRE) -- 08/19/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Elan Corporation, plc (ADR) (NYSE:ELN), Barrick Gold Corporation (USA) (NYSE:ABX).
Elan Corporation, plc (ADR) (NYSE:ELN) stock dropped 1.89% to $15.03. Perrigo Company (NYSE:PRGO) on July 29 decided to buy Elan Corporation, plc (ADR) (NYSE:ELN) for $8.6 billion in a contract that will hand it tax savings from being domiciled in Ireland and royalties from a blockbuster multiple sclerosis cure. Elan excluded three lower bids from U.S. investment firm Royalty Pharma amid orders, court hearings and a war of words before setting itself up for sale last month.
The company is a biotechnology company. The Company is focused on discovering and developing advanced therapies in neurodegenerative and autoimmune diseases. On February 6, 2013, the Company announced that it has entered into an asset purchase agreement with Biogen Idec to transfer to Biogen Idec all Tysabri IP and other assets related to Tysabri. As of 31 December 2012, there were approximately 72,700 patients on Tysabri therapy worldwide.
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Barrick Gold Corporation (USA) (NYSE:ABX) shares fell 2.42% to $19.33. Barrick Gold on July 15 reports that the Copiapo Court of Appeals has ruled that the company must complete Pascua-Lama's water management system in compliance with the project's environmental permit to the satisfaction of Chile's Superintendence of the Environment before resuming construction activities in Chile.
The company is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Barrick also produces copper, principally from the Zaldivar and Lumwana mines and holds other interests, including a nickel development project located in Africa.
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