Business briefs.COLUMN: Business briefs Telegram & Gazette Bloomberg Index Central Massachusetts +3.15 157.29 Volume: 1111,383,635 Up: 14 Down: 9 Unchanged: 6 Gainer: American Superconductor American Superconductor is a technology company based in Westborough, Massachusetts specializing in the design and manufacture of superconducting wires and power converters. It is listed on Nasdaq under the symbol AMSC. Corp. $21.10 +$3.64 (volume of 2.25 million shares) Decliner: L. S. Starrett Co. $19.09 -$0.72 (volume of 21,130 shares) Local Orphan drug orphan drug, drug developed under the U.S. Orphan Drug Act (1983) to treat a disease that affects fewer than 200,000 people in the United States. The orphan drug law offers tax breaks and a seven-year monopoly on drug sales to induce companies to undertake the HOPKINTON - Alseres Pharmaceuticals Inc. said yesterday its experimental treatment for spinal-cord injuries has been designated an "orphan medicinal product medicinal product, n a substance administered to humans or animals through injection, application, oral ingestion, inhalation, and so forth, whose purpose is to ultimately restore health or eliminate disease in an individual. " by the European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community . Alseres reported in a news release that the commission granted the designation to Cethrin after a committee of the European Medicine Agency issued a favorable opinion on the matter in June. Orphan-drug designations give drug developers time to exclusively market their treatments for a specific use without competition from other companies. In Europe, the exclusivity period lasts 10 years. It lasts seven years in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Cethrin also has orphan-drug designation from the Food and Drug Administration. The drug is in the second of three phases of medical studies. Medical debt BOSTON - Medical debt continues to trouble low- and middle-income people in Massachusetts, even though many more residents have signed up for health insurance, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new report from The Access Project. Some people build up medical debt because they cannot afford to pay the bills that their insurance will not cover, and others are unaware that their insurance should be covering bills or that programs exist to help patients with bills, according to the report. "It's a tragedy that many clients in our program had medical bills that should have been paid by a private insurer or public program, but they did not know about available resources to help them secure payment or coverage," said Andrew Cohen Andrew Cohen (or its diminutive form, Andy Cohen) may refer to: (listed in ascending order of year of birth)
Award finalist WESTBORO - Virtusa Corp. has been selected as one of 11 finalists for the U.S. Secretary of State's 2008 Award for Corporate Excellence. Since 1999, the secretary of state has awarded the ACE to American businesses operating overseas for advancing good corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while , innovation and democratic principles. Virtusa was selected as a finalist from more than 60 nominations. More Business Briefs on D2. |
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