BUSINESS NOTES\Developments.Amgen Inc.'s Neupogen Filgrastim has been approved by the Food and Drug Administration for use in a cost-saving blood-cell transplant procedure for cancer patients. The faster blood cell recovery resulting from Neupogen, compared with other available treatment, shortens the period of time patients are at risk for potentially severe infections, anemia and bleeding complications due to low cell counts. Amgen is a Thousand Oaks-based biotechnology company. Biopool International Inc. announced the settlement of a lawsuit that was filed by Medical Analysis Systems Inc. against Biopool and two of its employees in November 1994 and a cross-complaint filed by Biopool against MAS and its chairman. Under terms of the settlement, Ventura-based Biopool is free to manufacture and sell its Drugs of Abuse Control products, subject to the payment of royalties to MAS, and agrees not to sell two products that have never been commercialized. Biopool will dismiss its counterclaims against MAS and its chairman and will pay $100,000 to MAS, the total of which will be paid by Biopool's insurance carriers. Dole Food Co. Inc. completed its distribution to shareholders of the common stock of Castle & Cooke Inc. Castle, a new publicly held corporation traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. , owns the real estate and resorts business previously conducted by Dole. Westlake Village-based Dole Food also announced that it has adjusted and restated the previously reported third-quarter results related to the discontinued dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: real estate and resorts business. The adjustment reduced the third-quarter loss from discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. from $119.2 million ($1.99 per share) to $105.1 million ($1.76 per share). Deals Amgen Inc. and NPS NPS National Park Service NPS Naval Postgraduate School NPS Net Promoter Score (customer management) NPS Non-Point Source pollution NPS Native Plant Society NPS Norfolk Public Schools (Virginia) Pharmaceuticals have signed a letter of intent to collaborate in developing and commercializing NPS's Norcalcin and other compounds for the treatment of hyperparathyroidism Hyperparathyroidism Definition Parathyroid glands are four pea-sized glands located just behind the thyroid gland in the front of the neck. The function of parathyroid glands is to produce a hormone called parathyroid hormone (parathormone), which helps , or HPT HPT Human Performance Technology HPT Hyperparathyroidism HPT Heartland Poker Tour HPT Home Pregnancy Test HPT High Pressure Turbine HPT Host Print Transform HPT High-Performance Team HPT high-payoff target (US DoD) . NPS will receive from Amgen an initial license fee of $10 million, potential milestone payments totaling $26 million plus royalties on sales. In addition, Thousand Oaks-based Amgen will purchase 1 million shares of NPS stock for $7.5 million. Amgen will receive exclusive worldwide rights - excluding Japan, China, Korea and Taiwan - to develop and sell Norcalcin. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion