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Biogen's FDA Pitch For MS Treatment Might Be Long Shot But It's Worth It, Execs Say The company breaks from tradition in attempt to get Tysabri back on the market.(HEALTH & MEDICINE)

Investor's Business Daily

| October 03, 2005 | COPYRIGHT 2005 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: PETER BENESH

Officials at Biogen Idec know the company faces an uphill battle trying to get its multiple sclerosis drug, Tysabri, back to market.

But they insist their efforts are rooted in science -- not miracles.

Biogen has asked the Food and Drug Administration to reconsider the ban on the drug imposed Feb. 28.

The company withdrew the drug four months after its launch because three cases of a rare disease, progressive multifocal leukoencephalopathy (PML), came to light among Tysabri patients. One patient died.

Shares of Biogen and its Irish partner, Elan, plunged on the news. Biogen's stock fell 42% to 38.65 on Feb. 28. Elan declined 70% to 8 that same day. Neither stock has recovered.

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