It starts with complete and total bullshit, to wit: "Advancement in the field across systems biology, computational chemistry, companion diagnostics, biomarkers and their utilization, as well as genetics, provides the ingredients for significant success and patient therapeutic choice in the years ahead.” What the hell does that mean? It means we wasted shareholder money during the quarter deluding ourselves into thinking we are actually accomplishing something. But we didn't accomplish anything. Next paragraph:

This little nugget was buried: "In the second quarter, Elan and Proteostasis Therapeutics, Inc. (Proteostasis) terminated their Strategic Alliance and License Agreement. Elan retains its approximate 24% equity interest in Proteostasis." Remember that Granny has hyped Proteostasis as the bees knees and we should all bow down to Neodope, remember that faux Irish company that is the Elan future. Yet another KMartin failure. Ichiro was traded to the uber-evil Yankees and his declining batting average was much higher than then Martins, which stands at a proud 0.000. Martin is a complete and consistent failure, a complete zero.

This remains a pathetic management that we hope gets its sorry ass saved by statistical significance in the non-carrier trial.