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AFP examines expansion of Indian drug companies in South Africa

Agence France-Presse examines how Indian drug companies have infiltrated the South African market over the last few years in an effort to have a broader reach in Africa. India's pharmaceutical industry is now the second largest in the world by volume, according to AFP.

25 May 2011

China Nepstar Chain Drugstore first quarter revenue increases 9.0% to US$94.4 million

China Nepstar Chain Drugstore Ltd., the largest retail drugstore chain in China based on the number of directly operated stores, today announced its unaudited financial results for the first quarter ended March 31, 2011.

25 May 2011

BPD expands existing bioprocess and scale-up laboratory in Poway, CA

Biologics Process Development Inc., a wholly-owned subsidiary of Viropro, will double the size of its existing bioprocess- and scale-up laboratory in Poway, CA.

25 May 2011

HDL to acquire Harris Scientific

Health Diagnostic Laboratory Inc., a CAP accredited leader in health management, announced today that it will expand its comprehensive test menu of risk factors and biomarkers for cardiovascular and related diseases through the acquisition of Harris Scientific, Inc., a company providing omega-3 fatty acid testing based on the research of Dr. William Harris.

25 May 2011

Tektronix Component Solutions, Vanguard sign Joint Marketing Agreement for microelectronics

Vanguard EMS and Tektronix Component Solutions have signed a Joint Marketing Agreement to formalize their collaboration and the joint offering of their capabilities to customers in the defense, aerospace, medical and industrial equipment markets.

24 May 2011

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