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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Baxter cuts guidance, 2,500 jobs
In its third warning in four months, the medical device maker sees $1.95 to $2.05 a share for '03 ex-items, 7% below its April target. Analysts saw $1.99. Baxter will cut 26 blood plasma collection centers and cut 5% of its staff. It'll take a Q2 charge of $200 mil, or 30 cents for the job cuts. Baxter blamed intense competition in the plasma supply market. Baxter fell 2%.
Invitrogen buys Molecular Probes
The genetic research tools maker will pay $325 mil cash for Molecular Probes, a private maker of fluorescent markers to "label" molecules. Invitrogen expects the deal to close in Q3. Its shares leapt 17% to a 52-week high of 45.09.
Biomet earnings rose 20% in Q4
The maker of orthopedic devices met views for 30 cents a share. Sales grew 16% to $377.2 mil, a little above forecasts. Biomet will buy back 2 mil shares over the next year, plus up to $100 mil more. Rivals Smith & Nephew and Zimmer are vying for Swiss-based Centerpulse, which will increase competition.
- Molecular Probes Acquires Interfacial Dynamics Corporation; -- Adds Microsphere...
- Press release article from: PR Newswire April 16, 2003 700+ words
...Ore., April 16 /PRNewswire/ -- Molecular Probes, Inc., the leading worldwide provider...assay systems. The acquisition gives Molecular Probes the ability to design and manufacture...disclosed. "Acquiring IDC will allow Molecular Probes to expand one of our fastest growing...
- Invitrogen buys Molecular Probes. (Executive briefing: news, trends & market...
- Newspaper article from: Instrument Business Outlook July 15, 2003 700+ words
...a definitive agreement to acquire Molecular Probes for approximately $325 million in...technologies for molecular labeling, Molecular Probes recorded $56 million in sales in...optimization. In addition, it said, Molecular Probes will expand Invitrogen's intellectual...
- Molecular Probes Grants Cellomics Exclusive License to Key Fluorescence...
- Press release article from: PR Newswire April 7, 1999 700+ words
- Cellomics Appoints Molecular Probes' President, Dr. Richard...Cellomics(TM), Inc. and Molecular Probes, Inc. today announced that...Cellomics exclusive rights to key Molecular Probes fluorescence technologies and...
- Molecular Probes' Proprietary Dyes Enable Launch of New Custom Conjugates From...
- Press release article from: PR Newswire June 30, 2003 700+ words
...Ore., June 30 /PRNewswire/ -- Molecular Probes, Inc. announced today that it has...custom oligonucleotide conjugates. Molecular Probes' unique fluorophore technologies...Jr., chief commercial officer of Molecular Probes, Inc. "By making our premium technologies...
- Molecular Probes Licenses Advanced Fluorescent Stains to LightUp Technologies...
- Press release article from: PR Newswire April 10, 2003 700+ words
...Sweden, April 10 /PRNewswire/ -- Molecular Probes, Inc. and LightUp Technologies AB...based technology newly licensed from Molecular Probes. The LightUp(TM) Probe products...pathogens by detecting and analyzing DNA. Molecular Probes, the leading worldwide provider of...
- Invitrogen's Absorption of Eugene, Ore.-Based Molecular Probes Proves Tricky.
- Newspaper article from: Knight Ridder/Tribune Business News October 13, 2003 700+ words
...July that it would buy Eugene's Molecular Probes, Invitrogen now is tackling the drudge...whether Invitrogen will cut or expand Molecular Probes' 240-employee work force or change...whether Invitrogen will buy or lease Molecular Probes' west Eugene site, have yet to be...
- Invitrogen Completes Molecular Probes Acquisition and Reaffirms 2003 Guidance.
- Press release article from: Business Wire August 22, 2003 700+ words
...it has completed its acquisition of Molecular Probes Inc., the leader in novel fluorescence...will accelerate the penetration of Molecular Probes' core technologies into new markets...been appointed general manager of Molecular Probes and will be leading the integration...
- Invitrogen Signs Agreement to Acquire Molecular Probes; Acquisition Makes...
- Press release article from: Business Wire July 2, 2003 700+ words
...definitive agreement to acquire Molecular Probes, Inc. in an all cash transaction...approximately $325 million. Molecular Probes is a privately-held corporation...2004 earnings per share. "Molecular Probes helps position Invitrogen...