Elan is an amazing company and it's nanotech. drugs are cutting edge, check out the many drugs they have in the pipeline. Tsyrabi has been a miracle drug to many, many users and all this hype over an extremely small number of PML cases is way out of proportion to it's benefits. Look at the tens of thousands of deaths which have resulted from countless drugs by Merck, Pfizer and the like. Elan has been the whipping boy for the FDA because they're not putting big money into our elected criminals coffers like the aforementioned do.
I agree with you in the sense that one needs to contribute $ in some way to people in authority just as other big pharma does. Hoever to do that one needs smart managers. This company has extremly poor managers who are incapable to manage using the "right" or "wrong" tools.
I agree with other folks who say that eln is no hurry to merge / acquired. As said before thanks to JNJ. If there is any acquisition attempt, both BIIB and ELN will get acquired - thanks to Tysabri.