Royalty Pharma says ready to move quickly on Elan offer

(Reuters) – U.S. investment firm Royalty Pharma on Wednesday stood by its offer to acquire Irish drugmaker Elan, which has rejected the approach, and said it was ready to move quickly and could complete due diligence within 20 days. The firm is scheduling meetings with 10 to 15 of Elan's largest shareholders, including Johnson & Johnson, as well as a few smaller investors, over the next several days, Pablo Legorreta, chief executive of Royalty Pharma, told Reuters. The firm is meeting with nearly a dozen shareholders this week alone, with the first talks taking place on Wednesday. …