News
Drug maker Novartis announces $5 bln bond issue
4 hours ago
Swiss drug maker Novartis AG announced Wednesday a $5 billion bond issue to finance its purchase of eye-care company Alcon Inc.The pharmaceuticals company said the notes will be issued in three parts by its U.S. subsidiary Novartis Capital Corporation."Proceeds will be used for intercompany...
Protalix chairman resigns for health reasons
10 hours ago
Protalix Biotherapeutics Inc., a pharmaceutical company, said Tuesday its chairman of the board is resigning to recover from an illness.Carmiel, Israel-based Protalix said Eli Hurvitz is stepping down. Zeev Bronfeld, another board member, will serve as interim chairman effective...
Abbott to pay $450 million for Facet Biotech
11 hours ago
Drug and medical products company Abbott Laboratories said Tuesday it will buy Facet Biotech Corp. for about $450 million in cash, expanding the company's access to biotechnology drugs, including a potential treatment for multiple sclerosis.Facet and its partner Biogen Idec plan to move the...
FDA approves Botox for elbow, wrist, finger spasms
12 hours ago
The Food and Drug Administration said Tuesday it approved Allergan's botulinum-based drug Botox to treat spasms of the elbow, wrist and fingers.Botox is most famous for it's ability to smooth frown lines on aging foreheads, but the drug has long been used to treat neck spasms, eye muscle...
Dome away from home
13 hours ago
(National Science Foundation) After more than three decades of service to researchers and staff stationed at the bottom of the world, the dome at the Amundsen-Scott South Pole Station was deconstructed this austral summer.
Abbott paying $450 million for Facet Biotech
13 hours ago
Abbott Laboratories says it will buy Facet Biotech for about $450 million in cash, expanding the company's access to biotechnology drugs, including a potential treatment for multiple sclerosis.Facet and its partner Biogen Idec plan to move the potential multiple sclerosis drug daclizumab into...
Correction: Cooper earnings stories
15 hours ago
In headlines for a March 4 story and headlines and a story March 5 about Cooper Companies Inc., The Associated Press reported erroneously the fiscal period for the company's earnings. The company reported fiscal results for the first quarter, not the fourth quarter. The March 5 story was...