BUSINESS NOTES NEW ANEMIA DRUG OK'D IN EUROPE.Byline: - Staff and Wire Services THOUSAND OAKS - The European Commission has approved Amgen's Aranesp for the treatment of anemia due to chronic kidney failure Chronic Kidney Failure Definition Chronic kidney failure occurs when disease or disorder damages the kidneys so that they are no longer capable of adequately removing fluids and wastes from the body or of maintaining the proper level of certain . Aranesp has been approved for administration once a week or once every two weeks. The drug stimulates bone marrow to increase the production of red blood cells Red blood cells Cells that carry hemoglobin (the molecule that transports oxygen) and help remove wastes from tissues throughout the body. Mentioned in: Bone Marrow Transplantation red blood cells . Broadband agrees to PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. financing WOODLAND HILLS - Broadband Capital Partners has signed a letter of intent with Physicians Total Care as the lead underwriter Lead underwriter The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. in a $3.4 million round. PTC is a pharmaceutical packager and wholesale distributor that has developed a drug dispensing system. The system enables doctors to dispense prescribed medications to patients while at the doctor's office. Broadband hasn't disclosed the amount of capital it plans on investing in PTC. Viacom president sets sights on NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. CHICAGO - Viacom already owns CBS (Cell Broadcast Service) See cell broadcast. , but that hasn't quenched quench tr.v. quenched, quench·ing, quench·es 1. To put out (a fire, for example); extinguish. 2. To suppress; squelch: company President Mel Karmazin's appetite for more. At the top on his wish list? NBC, General Electric's network. ``If GE decided that it wanted to hire an investment bank and sell NBC, we would absolutely love to receive one of the books and sit there and make a bid on it,'' Karmazin said Monday at the National Cable & Telecommunications Association meeting here. T-bill interest rate lowest in 7 years WASHINGTON - Interest rates on short-term Treasury securities fell in Monday's auction to the lowest point in seven years. The Treasury Department sold $12.5 billion in three-month bills at a discount rate of 3.510 percent, down from 3.590 percent last week. An additional $11.5 billion was sold in six-month bills at a rate of 3.510 percent, down from 3.520 percent. In a separate report, the Federal Reserve said Monday that the average yield for one-year constant maturity Treasury bills, the most popular index for making changes in adjustable rate mortgages, fell to 3.64 percent last week from 3.70 percent the previous week. |
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