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This excerpt taken from the ELN 6-K filed Dec 15, 2009. Safe Harbor/Forward-Looking
Statements
This
press release contains forward-looking statements regarding the development of
scyllo-inositol (ELND005) under the collaboration agreement between Elan and
Transition. These statements are based on Elan's and Transition's current
beliefs and expectations. ELND005 may not be successfully developed or
commercialized under the collaboration agreement. Factors which could cause
actual results to differ materially from Elan's and Transition's current
expectations include the risks that clinical development of ELND005 fails due to
safety or efficacy issues, the results from Phase 1 clinical trials and
preclinical testing of ELND005 are not predictive of results to be obtained in
Phase 2 or later clinical trials, the patent issued with respect to ELND005 may
not provide substantial protection or commercial benefit, the development and
commercialization of competitive therapies, the collaboration agreement is
terminated early or Elan and Transition encounter other unexpected delays or
hurdles. Drug development and commercialization involves a high degree of
risk.
For
more detailed information on the risks and uncertainties associated with Elan
and Transition's drug development and other activities, see the periodic and
current reports that Elan has filed with the Securities and Exchange Commission
and that Transition has filed with the Securities and Exchange Commission and
the Ontario Securities Commission. Elan and Transition assume no obligation to
update any forward-looking statements, whether as a result of new information,
future events or otherwise.
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