ELN » Topics » Impairment of Investments

This excerpt taken from the ELN 6-K filed Mar 31, 2006.
Impairment of Investments
During 2005, investment impairment charges of $31.7 million (2004: $74.7 million) reflect other-than-temporary impairments to the value of a number of investments, primarily in privately-held biotech companies. Impairments in 2005 relate primarily to Targeted Genetics Corporation (Targeted Genetics) of $12.4 million, Iomai of $5.0 million and Glycogenesys, Inc. (Glycogenesys) of $3.1 million. Included in the 2004 charge were impairments related to investments in Athersys, Inc. of $17.8 million, Beyond Genomics, Inc. of $7.6 million, Medisys, plc of $6.0 million, Digital Gene Technologies, Inc. of $6.0 million, and Emisphere of $5.7 million.
This excerpt taken from the ELN 20-F filed Mar 30, 2006.
Impairment of Investments
 
During 2004, impairment charges of $71.8 million (2003: $87.5 million) reflect other-than-temporary impairments to the value of a number of investments, mainly in privately-held biotech companies.
 

EXCERPTS ON THIS PAGE:

6-K
Mar 31, 2006
20-F
Mar 30, 2006
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