Pharmaceuticals/Biotech
Neb. man sues makers of Rituxan after infection
August 11, 2010 3:35 pm | by TIMBERLY ROSS - Associated Press Writer - Associated Press | News | CommentsAn Omaha man who contracted an infection that rendered him a quadriplegic after taking the immunosuppressant Rituxan says the drug's makers knew of the risk but didn't warn users right away, according to a federal lawsuit filed Wednesday.Jesse Peetz, 23, said in court documents that he began...
Eli Lilly May Cut 500 Jobs In Indianapolis
August 11, 2010 10:48 am | News | CommentsDrug maker said cuts in its headquarters city of Indianapolis may total 500 positions by this fall, as it carries out a broader cost-cutting strategy announced last year.
Omaha man sues makers of drug Rituxan
August 11, 2010 10:11 am | by TIMBERLY ROSS - Associated Press Writer - Associated Press | News | CommentsAn Omaha man who contracted an infection that rendered him a quadriplegic after taking the immunosuppressant Rituxan says the drugs makers knew of that risk but didn't warn users right away, according to a federal lawsuit filed Wednesday.Jesse Peetz, 23, said in court documents that he began...
ABI Research Ranks Qualcomm #1 in Commercial Vehicle Telematics
August 11, 2010 4:45 am | by Qualcomm | News | CommentsSAN DIEGO – August 11, 2010 – Qualcomm Incorporated (Nasdaq: QCOM), a leading provider of integrated wireless systems and services to transportation, logistics and service fleet companies, today announced that ABI Research has ranked the company No. 1 for its new Commercial Vehicle...
Discover Financial Services and Firethorn Announce Upcoming Launch of SWAGG
August 11, 2010 4:45 am | by Qualcomm | News | CommentsATLANTA and RIVERWOODS, Ill. – August 11, 2010 – Leading mobile commerce solutions provider Firethorn Holdings, LLC, a wholly owned subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), and Discover Financial Services (NYSE: DFS) today announced their collaboration on Firethorn’s soon to...
Qualcomm’s Wireless Reach Initiative Announces Project to Promote Public Safety and Economic Development in Brazil
August 10, 2010 2:46 pm | by Qualcomm | News | CommentsSANTA CRUZ CABRÁLIA, BRAZIL – August 10, 2010 – Qualcomm Incorporated (Nasdaq: QCOM), through its Wireless Reach™ initiative, Vivo, the largest mobile telecommunications company in Brazil with more than 56 million subscribers, Instituto Ambiental Brasil Sustentável (IABS), the United...
DuPont Materials Exhibit ‘Better City, Better Life
August 10, 2010 1:45 pm | by Dupont | News | CommentsAs Shanghai hosts the World Expo 2010, DuPont innovations are there to deliver improved energy solutions.
Dorgan vows new push on drug prices, tax breaks
August 10, 2010 1:35 pm | by DALE WETZEL - Associated Press Writer - Associated Press | News | CommentsSen. Byron Dorgan, D-N.D., said he would concentrate during his last months in office on advocating legislation to allow prescription drug imports and repeal a tax benefit for American companies that do business overseas.He also intends to push for a $250,000-per-farm annual limit on federal...
Merck Rebuying Former Factory
August 10, 2010 10:30 am | News | CommentsDrug maker Merck & Co. is buying back a Pennsylvania drug ingredient factory from the contract manufacturer that bought it over two years ago.
Black AIDS Institute, in Partnership with Merck, Launches Dynamic National HIV/AIDS Treatment and Care Advocacy Network
August 10, 2010 5:48 am | by Merck | News | CommentsBlack AIDS Institute, in Partnership with Merck, Launches Dynamic National HIV/AIDS Treatment and Care Advocacy NetworkBlack Treatment Advocates Network (BTAN) Focuses on Improving Care for Thousands of Black Americans in the U.S.
Teva Completes Ratiopharm Buyout
August 10, 2010 5:44 am | News | CommentsWorld's largest maker of generic drugs said Tuesday that it completed a $4.95 billion buyout of German drug maker Ratiopharm.
Merck discloses probe of foreign sales practices
August 9, 2010 11:35 am | by LINDA A. JOHNSON - AP Business Writer - Associated Press | News | CommentsTwo federal agencies are probing drugmaker Merck & Co. for possibly violating anti-bribery laws in multiple foreign countries.Merck, the world's second-biggest drugmaker by revenue, has received inquiry letters from both the Department of Justice and the Securities and Exchange Commission, the...
Fitch raises Watson Pharma rating on lower debt
August 9, 2010 11:35 am | by The Associated Press | News | CommentsFitch Ratings raised its outlook on Watson Pharmaceuticals Inc. on Monday, saying the drugmaker has quickly paid down part of its debt after acquiring Arrow Group.Fitch raised its rating by one notch to 'BBB' from 'BBB-.' Both ratings are investment grade, and Watson is now two notches above...
Merck's Foreign Sales Practices Probed
August 9, 2010 10:02 am | News | CommentsDepartment of Justice and the Securities and Exchange Commission are probing drugmaker Merck & Co. for possibly violating anti-bribery laws.
AstraZeneca Pays $198M To Settle Seroquel Lawsuits
August 9, 2010 5:40 am | News | CommentsCompany says it has paid around $198 million to settle U.S. lawsuits that its antipsychotic drug Seroquel causes diabetes in some users.
Building Innovations Captures Large Customer Order in
August 9, 2010 3:47 am | by Dupont | News | CommentsProduct quality and a nationwide service guarantee, along with a position for safe and sustainable materials and competitive pricing, made Montelli® the preferred ...
Trek, Nike cooperating in cycling investigation
August 6, 2010 5:35 pm | by DINESH RAMDE - Associated Press Writer - Associated Press | News | CommentsAthletic gear maker Nike and the bicycle maker that sponsors Lance Armstrong's racing team are cooperating with federal authorities investigating the seven-time Tour de France champion and others in cycling, spokesmen for both companies said Friday.Investigators requested documents from Trek...
Earnings roundup: Novavax, Medicis Pharmaceutical
August 6, 2010 2:35 pm | by The Associated Press | News | CommentsAmong the earnings stories for Friday, Aug. 6, from AP Financial News:ROCKVILLE, Md. (AP) — Vaccine maker Novavax Inc. reported a larger second-quarter loss as research and other expenses increased.SCOTTSDALE, Ariz. (AP) — Medicis Pharmaceutical Corp. said its second-quarter profit more than...
Trek Bicycle cooperates in cycling investigation
August 6, 2010 11:35 am | by DINESH RAMDE - Associated Press Writer - Associated Press | News | CommentsThe bicycle maker that sponsors Lance Armstrong's racing team is cooperating with federal authorities investigating the seven-time Tour de France champion and others in cycling, a company spokesman said on Friday.Investigators requested documents from Trek Bicycle Corp. early in July and...
Alkermes takes bigger 1Q loss on lower revenue
August 6, 2010 7:36 am | by The Associated Press | News | CommentsAlkermes Inc., which is waiting for regulators to make a decision on two key drug candidates, said Thursday that its first-quarter loss grew as its revenue decreased.In October, the Food and Drug Administration is scheduled to make decisions on the company's Vivitrol as a treatment for opioid...
DuPont Leader: Drought Tolerant Crops Critical to
August 4, 2010 4:47 pm | by Dupont | News | CommentsMany environmental factors can reduce agriculture productivity, but drought is by far the most damaging.
Dow Wins Top Quality and Service Award from David Weekley Homes
August 4, 2010 12:48 pm | by The Dow Chemical Company | News | CommentsFor the sixth consecutive year, Dow Building Solutions has won the renowned "Partners of Choice" Award from David Weekley Homes, the nation's second-largest for profit, privately held home builder.
DuPont Launches Energain™ Separators for High
August 3, 2010 2:47 pm | by Dupont | News | CommentsDuPont has begun construction on a facility in Chesterfield County, Va. (US), to manufacture product for development and commercial sale.
Pfizer Says 2Q Profit Jumped 9 Percent
August 3, 2010 6:09 am | by Linda A. Johnson, AP Business Writer | News | CommentsDrugmaker reported a 9 percent increase in second-quarter profit as its revenue jumped sharply due to its mega-acquisition of fellow drugmaker Wyeth last October.
DuPont and US Department of Agriculture Collaborate
August 2, 2010 2:49 pm | by Dupont | News | CommentsDuPont was among the first to develop tests for E. coli O157:H7, the type of shiga toxin-producing E. coli (STEC).
