Ann: Elanco Option Update, page-79

Foundations are not strong. In fact the foundations look weaker then before.
Tell me if Elanco looked at these results and thought they could make many millions or billions profit, would they say sorry guys just a little busy. It clearly means they think the likel return is poor.
Unlike PAA they are a commerical profit making business. So if there was a good foundation for projected profit they would have been all over this.

So im not sure why people think others are going to be tripping over each other to buy something a major has deemed unlikely to return a profit.

The trial data was a failure to Elanco, in turn a failing of the BOD to successfully set up for success. The first hint here was the appearance from nowhere of a supplementary trial.

At some point they need to be accountable and the excuse making needs to end.
IMO