Business briefs.COLUMN: BUSINESS BRIEFS TELEGRAM & GAZETTE Bloomberg Index Central Massachusetts +0.40 182.56 Volume: 78,551,061 Up: 11 Down: 15 Unchanged: 6 Gainer: Sepracor Inc. $49.07 +$0.97 (Volume of 2.35 million shares) Decliner: Arrhythmia arrhythmia (ārĭth`mēə), disturbance in the rate or rhythm of the heartbeat. Various arrhythmias can be symptoms of serious heart disorders; however, they are usually of no medical significance except in the presence of Research Technology Inc. $13.38 -$0.51 (Volume of 59,300 shares) Local Bid criticized CAMBRIDGE - Bioenvision Inc.'s largest shareholder said the drugmaker shouldn't have accepted Genzyme Corp.'s buyout bid of $345 million, or $5.60 a share, calling the offer low and ill-timed. The investor, SCO (The SCO Group, Lindon, UT, www.sco.com) A leading vendor of Unix operating systems for the x86 platform. SCO had also offered Linux, but abandoned the line in the spring of 2003. The SCO Group is the combination of two companies: Utah-based Caldera, Inc. Capital Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the owner of 13.4 percent of Bioenvision, said a roster of experimental drugs makes that target company worth more. Genzyme, a maker of drugs for rare genetic disorders, agreed to buy New York-based Bioenvision to get exclusive rights to the leukemia drug clofarabine, sold as Clolar. Genzyme has operations in Westboro. (Bloomberg News) New Best Buy LEOMINSTER - Best Buy Co. Inc. will open a 30,000-square-foot store at 10 a.m. tomorrow at 33 Orchard Hill Park Drive. The home appliance and electronics retailer will employ about 100 people at the store, which will be managed by Steven Thurston, Best Buy reported. Best Buy is opening stores in 11 U.S. communities tomorrow. The company reported it will make donations to community charities at the openings. Best Buy will have 852 stores across the country as of tomorrow. Panel formed HOPKINTON - Boston Life Sciences Inc. said it has formed a panel of scientific and clinical experts to advise the company on its nerve repair program. Boston Life Sciences reported in a news release that the six new advisers join three existing advisers and will focus on helping the company to find the best approaches to repair nerves, particularly in spinal cord injuries. The new advisers are Dr. John F. Ditunno Jr. of Jefferson Medical College; Dr. James Fawcett of Cambridge University Centre for Brain Repair; Dr. Michael G. Fehlings of the University of Toronto Research at the University of Toronto has been responsible for the world's first electronic heart pacemaker, artificial larynx, single-lung transplant, nerve transplant, artificial pancreas, chemical laser, G-suit, the first practical electron microscope, the first cloning of T-cells, ; Dr. Daniel P. Lammertse of Craig Hospital; John Steeves of the University of British Columbia Locations Vancouver The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7. ; and Dr. Mark Tuszynski of the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at San Diego. Boston Life Sciences is in the early phases of human tests of Cethrin, a potential treatment for spinal cord injuries. Drugmaker cited MedImmune Inc., the drugmaker being bought by AstraZeneca Plc for $15.2 billion, was cited by U.S. regulators for "significant deviations from good manufacturing practice Good Manufacturing Practice or GMP (also referred to as 'cGMP' or 'current Good Manufacturing Practice') is a term that is recognized worldwide for the control and management of manufacturing and quality control testing of foods and pharmaceutical products. " at a United Kingdom plant. MedImmune failed to take adequate steps to prevent contamination of flu vaccine batches, the Food and Drug Administration said in a warning letter posted on the agency's Web site. The company said May 25 that the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. won't approve use of its FluMist nasal-spray vaccine for young children until the violations are corrected. AstraZeneca, which operates a plant in Westboro, said the news would not impact the acquisition of MedImmune. (Bloomberg News) Abbott in Africa Abbott Fund, a charitable fund of Abbott Laboratories of Abbott Park, Ill., said it is opening a new office in Tanzania to manage philanthropic efforts and partnerships in the African country. Abbott Fund recently awarded $9 million in grants aimed at dealing with the spread of HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. and AIDS, the company reported yesterday in a news release. Abbott Fund reported it expects it investments in Tanzania to total more than $50 million by the end of this year. Abbott Laboratories, the parent company of Abbott Bioresearch bi·o·re·search n. Research in the biological sciences. Center of Worcester, makes the AIDS drug, Kaletra. Chamber meeting FITCHBURG - The North Central Massachusetts Chamber of Commerce will conduct its annual meeting at 11:30 a.m. June 7 at the Best Western Royal Plaza Hotel, 150 Royal Plaza Drive, Fitchburg. The guest speaker is former congressman Peter I. Blute Peter I. Blute (born January 28 1956), American politician, was a Republican member of the United States House of Representatives for two terms, between January 3 1993–January 3 1997. He represented the Third District of Massachusetts. , host of the Peter Blute Show on WCRN-AM (830.) Water speaker MILFORD - John Ornell, chief financial officer of Waters Corp., will speak at the Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. 2007 Health Care Conference at 9:20 a.m. today in Las Vegas. The session will be available live online at www.waters.info. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion