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IsoRay third fiscal quarter sales increase 17%

IsoRay Inc., announced financial results for the third fiscal quarter ended March 31, 2011 underscoring significant improvements in quarterly sales revenue growth both sequentially and in the prior year quarter. Sales increased 17% in the period with the Company posting a 581% gain in gross profit compared to the prior year third quarter.

16 May 2011

Monarch completes Inspire cash tender offer at $5.00 per share

Merck, known as MSD outside the United States and Canada, announced today that Monarch Transaction Corp., its wholly-owned subsidiary, successfully completed the cash tender offer for all of the outstanding shares of common stock of Inspire Pharmaceuticals, Inc., which expired at 12:00 midnight, New York City time, on Thursday, May 12, 2011.

16 May 2011

IOD completes acquisition of Confidential Copiers

IOD Incorporated, a leading provider of integrated HIM solutions to hospitals, health systems, and physician practices, today announced the completion of a strategic acquisition of Confidential Copiers Inc.

16 May 2011

InVivo Therapeutics reports net loss of $1,278,000 for first quarter 2011

InVivo Therapeutics, a medical device company focused on the development of groundbreaking technologies for the treatment of spinal cord injuries, today reported financial results for the first quarter 2011.

16 May 2011

China Kanghui first quarter total net revenue increases 39.3% to RMB68.0 million

China Kanghui Holdings, a leading domestic developer, manufacturer and marketer of orthopedic implants in China, today announced financial results for the first quarter of 2011.

16 May 2011

DuPont completes Danisco tender offer for DKK 700 per share

DuPont, through its wholly owned subsidiary DuPont Denmark Holding ApS, announced today that it has successfully completed its tender offer for all outstanding shares of common stock of Danisco for DKK 700 cash per share.

16 May 2011

As consumers postpone care, health insurers make record profits

The nation's major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care. The UnitedHealth Group, one of the largest commercial insurers, told analysts that so far this year, insured hospital stays actually decreased in some instances.

16 May 2011

Teva signs definitive agreement to acquire Taiyo

Teva Pharmaceutical Industries Ltd. announced today that it has signed a definitive agreement to acquire 57% of the shares in privately-held Taiyo Pharmaceutical Industry Co. Ltd. for $460 million in cash paid to private shareholders.

16 May 2011

Acuity Brands announces acquisition of Healthcare Lighting

Acuity Brands, Inc. today announced it has acquired for cash Fairview, PA-based Healthcare Lighting, Inc., a leading provider of specialized, high-performance lighting products for healthcare facilities.

13 May 2011

Antares Pharma prices underwritten public offering of common stock

Antares Pharma, Inc. today announced it has priced a firm commitment underwritten public offering of 12,500,000 shares of the Company's common stock at a purchase price of $1.60 per share for an aggregate gross offering amount of $20.0 million.

13 May 2011

Corgenix third quarter revenues down 16.7% to $1,828,943

Corgenix Medical Corporation, a worldwide developer and marketer of diagnostic test kits, today filed its third quarter Form 10-Q and reported its financial results.

13 May 2011

Biodel enters deal with Great Point Partners, Orbimed Advisors to sell 12.2 million shares of common stock

Biodel Inc. today announced that it has entered into definitive agreements with a group of institutional investors, including Great Point Partners, LLC and Orbimed Advisors, LLC, to sell approximately 12.2 million shares of its common stock, 1.7 million shares of its Series A Convertible Preferred Stock and warrants to purchase 9.0 million shares of its common stock.

13 May 2011

Diet-Bailout author use business tools for new weight loss approach

Rosemary Hershey, author of Diet-Bailout, introduces a new approach to weight loss using business tools that change the way women diet.

13 May 2011

Dr. Reddy's 2011 consolidated revenues increase 6% to Rs. 74.7 billion

Dr. Reddy's Laboratories Ltd. today announced its unaudited consolidated financial results for the quarter and full year ended March 31, 2011 under International Financial Reporting Standards.

13 May 2011

Nuvo Research acquires ZARS Pharma

Nuvo Research Inc., a specialty pharmaceutical company dedicated to building a portfolio of products primarily for the treatment of pain, today announced that it has completed its acquisition of ZARS Pharma, Inc.

13 May 2011

Pro-Pharmaceuticals reports net loss of $2.7 million for first quarter 2011

Pro-Pharmaceuticals, Inc., the leading developer of therapeutics that target galectin proteins to treat fibrosis and cancer, today reported its financial results for the first quarter, ended March 31, 2011.

13 May 2011

Researcher says a comparison with epilepsy is an appropriate prism to view economics

Since 2008, the U.S. economy has been "seizing" uncontrollably. Now a Tel Aviv University researcher says that a comparison of the multifaceted economic downturn with the uncontrolled spasms of an epileptic is not inappropriate - and may say something about the origins of the disaster.

13 May 2011