Business / Finance

RSS

Accelerator announces Series A financing of Oncofactor

Accelerator Corporation, a privately held, venture-capital-backed biotechnology investment and development company, announced today the Series A financing of Oncofactor Corporation. This is the twelfth company backed by Accelerator and its first investment based on internal intellectual property developed at Accelerator.

24 May 2011

LinkMed acquires NorDiag's 50% stake in Olerup International

LinkMed acquires NorDiag´s 50 percent stake in Olerup International AB, which is the holding company for Olerup GmbH. LinkMed will thereby control 75 percent of the company.

24 May 2011

Sectra's net sales increase 7.4% to SEK 910.9 million for 2010/2011 fiscal year

The IT and medical-technology company Sectra's net sales rose 7.4% to SEK 910.9 million for the 2010/2011 fiscal year, due to increased transactions with existing customers and breakthroughs in new countries.

24 May 2011

Valeant to acquire Sanitas for EUR314 million

Valeant Pharmaceuticals International, Inc. today announced that it has agreed to acquire AB Sanitas for approximately EUR314 million in cash.

24 May 2011

Nestle Health Science to acquire Prometheus Laboratories

Prometheus Laboratories Inc., a specialty pharmaceutical and diagnostic company, today announced that it has entered into a definitive agreement to be acquired by Nestle Health Science S.A., a wholly-owned subsidiary of Nestle S.A., for an undisclosed amount.

24 May 2011

Sonova sales increase 13.3% to CHF 1,617 million for financial year 2010/11

Sonova consolidated its leading position in the hearing instrument industry in financial year 2010/11. Despite negative currency effects, a new sales record of CHF 1,617 million was achieved.

24 May 2011

Patient Safety Technologies first quarter total revenue decreases to $2.0 million

Patient Safety Technologies, Inc. today announced financial results for its first quarter of 2011 ended March 31, 2011.

24 May 2011

The Boston Business Journal names athenahealth as 'Best Place to Work'

athenahealth, Inc., a leading provider of cloud-based practice management, electronic health record, and patient communication services to medical groups, was named a '2011 Best Place to Work in Massachusetts' by The Boston Business Journal.

23 May 2011

Spacelabs Healthcare receives $1.6M contract from South Carolina hospital for patient monitoring solutions

OSI Systems, Inc., a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, today announced that its Healthcare division, Spacelabs Healthcare, has received a $1.6 million contract from a South Carolina hospital.

23 May 2011

Vitacost.com receives NASDAQ noncompliance notification letter

Vitacost.com, Inc., a leading online retailer and direct marketer of health and wellness products, announced today that the Company received an additional letter from The NASDAQ Stock Market indicating that the Company is not in compliance with Listing Rule 5250(c) due to the delinquent filing of the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2011.

23 May 2011

AMAC Telephony Based Communication Services receives large scale award

American Medical Alert Corp. a provider of healthcare communication services and advanced telehealth monitoring technologies, today announced that its Telephony Based Communication Services was awarded a three year, pharmaceutical brand support and clinical contact communications contract for an internationally recognized, top ten pharmaceutical manufacturer.

23 May 2011

Boston Healthcare announces acquisition of Alpha Care

Boston Healthcare announced today that it has acquired Alpha Care GmbH, a consulting firm based in Germany that provides health economics and policy solutions for pharmaceutical, medical device, payer and provider organizations.

23 May 2011

China Ruitai first quarter 2011 total revenue decreases 6% to $9.6 million

China Ruitai International Holdings Co., Ltd., a manufacturer and distributor of cellulose ether additives for use in the production of pharmaceuticals, construction materials, PVC products, foods and beverages and cosmetics, today announced its results for the three months ended March 31, 2011.

20 May 2011

Targacept prices underwritten public offering of common stock at $20.50 per share

Targacept, Inc. announced today the pricing of an underwritten public offering of 3,658,537 shares of its common stock at a price to the public of $20.50 per share.

20 May 2011

Neuland Labs fiscal 2011 revenues increase 41% to $88.8 million

Neuland Laboratories Ltd., a pharmaceutical manufacturer providing active pharmaceutical ingredients, complex intermediates, and contract research and manufacturing services to customers located in 85 countries, today announced financial results for the 2011 fiscal year ended March 31, 2011.

20 May 2011

Survey finds consumers face higher health care costs; Employer costs also expected to rise in 2012

Meanwhile, an Associated Press poll finds that college graduates have been hit by the recession — and their health insurance coverage is one of the key indicators.

20 May 2011

Accovion establishes new subsidiary in the UK

As a European full-service Clinical Research Organization, Accovion supports local and global projects of all types and phases for the Pharmaceutical, Biotechnology and Medical Device industries.

20 May 2011

American Academy of Neurology breaks ground for new headquarters, donates 1,000 children's bike helmets

The American Academy of Neurology will provide 1,000 free bike helmets for children who attend one of the many Bike Fests in north Minneapolis this summer, beginning with the first Bike Fest this Saturday, May 21, 2011. The donation coincides with today's groundbreaking ceremony for the Academy's new headquarters in Minneapolis, across from the Guthrie Theater.

20 May 2011

Unigene enters Clinical Manufacturing Services Agreement with Cara Therapeutics

Unigene Laboratories, Inc. a leader in the design, delivery, manufacture and development of peptide-based therapeutics announced today that the Company signed a Clinical Manufacturing Services Agreement with Cara Therapeutics, Inc.

19 May 2011

Thermo Fisher Scientific to acquire Phadia for €2.47 billion

Thermo Fisher Scientific Inc., the world leader in serving science, today announced that it has signed a definitive agreement to acquire Phadia, a global leader in allergy and autoimmunity diagnostics, from European private equity firm Cinven, for €2.47 billion (or approximately $3.5 billion) in cash.

From Thermo Fisher Scientific Inc. 19 May 2011