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WuXi PharmaTech announces acquisition of Abgent

WuXi PharmaTech Inc., a leading pharmaceutical, biotechnology and medical device research and development services company with operations in China and the United States, today announced the acquisition of Abgent, Inc., a provider of biological research reagent products and services based in Suzhou, China, and San Diego, California.

14 Oct 2011

Bruker acquires Center for Tribology

Bruker Corporation today announced the closing of its acquisition of Center for Tribology, Inc. (CETR) for $13 million in cash as an initial purchase price, with potential additional earn-out payments of up to $4 million in cash, depending on growth and profitability of the CETR-business within Bruker in 2012 and 2013.

From Bruker Nano Surfaces and Metrology 13 Oct 2011

Counterfeit drugs risk lives, threaten pharmaceutical industry in India

BBC News examines how counterfeit or substandard medicines are threatening India's fast-growing pharmaceutical industry, writing, "Worth over $12 billion, the industry is expected to grow more than four-fold in the coming decade," but fake drugs in the system are risking both the lives of patients and the reputation of drug makers.

12 Oct 2011

United Therapeutics to offer $210M of convertible senior notes due 2016

United Therapeutics Corporation today announced that it intends to offer, subject to market and other conditions, $210 million aggregate principal amount of convertible senior notes due 2016 to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended.

11 Oct 2011

Allos to complete merger with AMAG Pharmaceuticals

Allos Therapeutics, Inc. today announced that it continues to work with AMAG Pharmaceuticals, Inc. towards the completion of their merger, pending stockholder approval and satisfaction of the other conditions to closing described in Allos' definitive proxy statement filed with the SEC on September 15, 2011.

11 Oct 2011

Georgia hospitals present varying financial pictures

One hospital run by Children's Healthcare Of Atlanta had its best financial results of the decade in 2010, but many of the state's independent hospitals are facing hard times. Medical staff issues and attempted aquisitions are also in the news.

11 Oct 2011

MetCare wins South Florida Business Journal Excellence in Health Care Award

Metropolitan Health Networks, Inc., a leading provider of health care services in Florida, today announced that the company was the recipient of the South Florida Business Journal Excellence in Health Care Award presented on October 6th.

10 Oct 2011

Allstate acquires Esurance and Answer Financial for $1 billion

The Allstate Corporation today announced that it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group, Ltd.. The purchase price was approximately $1 billion. The transaction is expected to be non-dilutive to Allstate's earnings in the second full year of ownership.

7 Oct 2011

CEL-SCI closes previously announced registered direct offering

CEL-SCI Corporation announced today that it has closed its previously announced registered direct offering for the sale of (i) 13,333,334 shares of its common stock at a price per share of $0.30 and (ii) warrants to purchase up to 12,000,000 shares of CEL-SCI Corporation's common stock at a purchase price of $0.40. The warrants may be exercised at any time prior to October 6, 2014.

7 Oct 2011

Marvell recognized as one of the healthiest companies in the Bay Area

Marvell, a worldwide leader in integrated silicon solutions, today announced that the Company has been recognized as one of the healthiest companies in the Bay Area.

7 Oct 2011

Volition closes Share Exchange Agreement with Standard Capital

Singapore Volition Pte Limited, a life sciences company focused on developing blood-based diagnostic tests, today announces the closure of the Share Exchange Agreement with Standard Capital Corporation, a Delaware corporation currently quoted on the OTC Bulletin Board under the symbol SNDC.OB.

7 Oct 2011

Merck wins fourth FOSAMAX trial

Merck, known as MSD outside the United States and Canada, today said a federal court jury in New York found in its favor in the Secrest v. Merck case, rejecting the claim of a Florida woman who blamed her dental and jaw-related problems on her FOSAMAX use.

4 Oct 2011

Phagenesis closes Series B funding

Phagenesis Ltd, the global leader in the treatment of dysphagia (inability to swallow safely) today announced that it has closed a €7 million Series B funding round designed to accelerate the company's development plans.

4 Oct 2011

Creabilis receives $20 million in Series B funding

Creabilis SA, a clinical stage European biotechnology company addressing unmet medical needs in dermatology, inflammation and pain, has raised €15 million ($20 million) in a Series B funding round led by Abbott Biotech Ventures.

4 Oct 2011

Post Acute Medical acquires Hill Country Specialty Hospital

Post Acute Medical today announced the purchase and immediate operation of 40-bed Hill Country Specialty Hospital.

3 Oct 2011

MedCath sells Hualapai Mountain Medical Center and Louisiana Medical Center & Heart Hospital

MedCath Corporation announced that it has sold its interest in Louisiana Medical Center & Heart Hospital to Cardiovascular Care Group (CCG).

3 Oct 2011

Emergent BioSolutions receives $1.25B contract to supply 44.75M doses of BioThrax

Emergent BioSolutions Inc. today announced that, in response to solicitation RFP-2011-N-13414, it has received an award to supply the U.S. government with 44.75 million doses of BioThrax (Anthrax Vaccine Adsorbed) over a period of five years for a total value of up to $1.25 billion.

3 Oct 2011

MEDNAX acquires maternal-fetal medicine physician group practice in St. Louis, MO

MEDNAX, Inc., today announced the acquisition of a maternal-fetal medicine physician group practice based in St. Louis, MO.

3 Oct 2011

OCM announces acquisition of RIN

One Call Medical, Inc. (OCM), the nation's leading provider of specialty services to insurance payers, today announced its acquisition of Raytel Imaging Network, Inc. (RIN), a preferred provider network of diagnostic imaging services, including MRIs and CT scans. This acquisition expands and strengthens OCM's market-leading national diagnostic network.

3 Oct 2011

GETINGE to acquire Atrium Medical

Atrium Medical Corporation, announced today that it has signed a definitive agreement to be acquired by GETINGE GROUP of Sweden and its subsidiary, MAQUET Cardiovascular, a global leading provider of cardiovascular technologies for $680 million.

3 Oct 2011