Former California biotech executive convicted of fraud in marketing of Actimmune drugOctober 3rd, 2009 Calif. biotech exec convicted of marketing fraudSAN FRANCISCO — The former chief executive of the biotechnology company InterMune Inc. has been convicted of wire fraud in marketing the drug Actimmune.
Compensation for Cardinal Health CEO Clark grew 2 percent due to greater stock/options awardSeptember 24th, 2009 Cardinal CEO got $10M in compensation in 2009NEW YORK — The CEO of Cardinal Health Inc. received compensation worth $10 million in fiscal 2009, an increase of 2 percent from the previous year due to a bigger stock and options award, according to an Associated Press calculation of figures filed with regulators.
Shutterfly buys mobile photo and video sharing startup Tiny Pictures for undisclosed amountSeptember 14th, 2009 Shutterfly acquires photo startup Tiny PicturesREDWOOD CITY, Calif. — Online photo service Shutterfly Inc.
Boston cardinal defends decision to preside over Sen. Kennedy's funeral despite abortion viewsSeptember 2nd, 2009 Cardinal defends presiding over Kennedy's funeralBOSTON — The Archdiocese of Boston's Cardinal Sean O'Malley has defended his decision to preside over the funeral Mass for Sen. Edward Kennedy, whose support for abortion rights clashed with Catholic teachings.
Vasogen selling to privately held IntelliPharmaCeutics for undisclosed amountAugust 17th, 2009 Vasogen selling to private companyNEW YORK — Canadian biotech drug developer Vasogen Inc. said Monday it is being bought by privately held IntelliPharmaCeutics, but will remain a public company through a deal.
Herbalife buys manufacturing facility from Micelle Laboratories for undisclosed amountAugust 14th, 2009 Herbalife buys manufacturing facilityLOS ANGELES — Herbalife Ltd., a nutritional and weight-loss supplements maker, said Friday it will buy a facility in California for an undisclosed amount, in a move to strengthen manufacturing capabilities. The company said it is buying assets from Micelle Laboratories, an Orange County, California contract manufacturer of food and nutritional supplements in the powder, liquid, tablet and capsule delivery forms.
Continucare says it bought sleep study testing facility operator for an undisclosed amountAugust 13th, 2009 Continucare buys Professional Sleep DiagnosticsMIAMI — Continucare Corp. said Thursday it bought Professional Sleep Diagnostics Inc., a company that operates 13 sleep diagnostic centers, for an undisclosed amount.
Emami Biotech to invest $80 mn in EthiopiaAugust 3rd, 2009 KOLKATA - Emami Biotech, belonging to the Rs.2,000-crore Emami group, will invest Rs.400 crore (around $80 million) in a jatropha plantation project in Oromia in Ethiopia over the next six years, a top company official said here Monday. "We have already acquired around 30,000 acres and work has begun for jatropha cultivation.
Pfizer pulls out of plan to move biotech workers to San Francisco facilityJuly 7th, 2009 Pfizer ends plan San Francisco biotech facilityNEW YORK — Pfizer Inc. is pulling a plan to staff a biotechnology research center in San Francisco and will keep its 100 area employees in South San Francisco.
West Pharmaceutical Services buys Plastef Investissements for undisclosed amountJuly 7th, 2009 West Pharmaceutical buys Plastef InvestissementsLIONVILLE, Pa. — Medical products maker West Pharmaceutical Services Inc.
VCA Antech buys Eklin Medical Systems for undisclosed amount in technology expansionJuly 1st, 2009 VCA Antech buys Eklin for undisclosed amountLOS ANGELES — Veterinary services provider VCA Antech Inc. said Wednesday it bought Eklin Medical Systems Inc.
Indian biotech industry growing, but at slower paceJune 18th, 2009 BANGALORE - Global recession and slowdown in the domestic market impacted the Indian biotech industry last fiscal, resulting in a year-on-year (YoY) growth declining to 18 percent from 34 percent notched in 2007-08. According to data released Thursday at Bangalore Bio 2009, India's premier biotech event, the industry grew to Rs.12,137 crore from Rs.10,274 crore the previous fiscal, reflecting an increase of 18 percent.
McLeod Russel eyeing 10 mn kg tea production in VietnamJune 3rd, 2009 KOLKATA - Aiming to more than double its production in Vietnam through its acquired company Phu Ben, the world's largest tea plantation house McLeod Russel has sought 1,000 more hectares from that country's government to set up more tea gardens. Disclosing this to newspersons here, McLeod Russel managing director Aditya Khaitan said Phu Ben now produces approximately 4.5 million kgs of tea out of its three factories in Vietnam on 2,000 hectares of land.
Struggling Mass. biotech firm Epix Pharmaceuticals explores strategic options, including saleMay 12th, 2009 Mass. biotech firm explores strategic alternativesLEXINGTON, Mass. — A struggling Massachusetts biotechnology firm says it's exploring a number of strategic options, including a possible sale or a merger.
Company buys $10M debt of Iowa kosher slaughterhouse that went bankrupt after immigration raidMay 8th, 2009 Firm buys Iowa meatpacker debt, making sale likelyIOWA CITY, Iowa — An undisclosed company has bought a $10 million credit line to a bankrupt kosher slaughterhouse in northeast Iowa, paving the way for the plant's sale. Agriprocessors Inc.
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