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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
First Horizon crashes on warning
The drug maker dived 14.74, or 81%, to 3.51 after saying it'll earn nil to 2 cents a share in Q2. That's well below the analyst estimate of 8 cents and last year's 9 cents. First Horizon said knockoffs of its best sellers Tenafed Suspension and Pregnate GT have hurt sales. Some analysts said the firm's sales force restructuring, not competition, is the big culprit. The firm sees sales at $25 mil-$26 mil, up 96%.
Cardinal falls on accounting fear
Drug wholesaler Cardinal Health blamed what it said were false rumors about its accounting. Cardinal could not get former auditor Andersen's consent for some prior audits because Andersen no longer had the staff to do it. Cardinal said there was no need for new audits, and backed Q4 and fiscal '03 targets. Cardinal fell 18% early but recovered to close down 5%.
The SEC had anticipated such problems, saying Andersen clients could file financial statements without Andersen's consent .
Forest expects to beat Q1 views
- Joseph Parnes Recommends the Following Stocks: Andrx, Forest Labs and Valspar.
- Press release article from: Business Wire December 27, 2002 700+ words
...recommendations on Andrx (NASDAQ:ADRX), Forest Labs (NYSE:FRX) and Valspar (NYSE...NASDAQ:ADRX) is a generic drug maker that's on a rebound. Its recent...of $1.99 per share for '03. Forest Labs (NYSE:FRX) is a pharmaceutical...
- Stock Watch: Antidepressant perks up Forest Labs; Celexa powers huge earnings...
- Magazine article from: Crain's New York Business Harrington, John July 23, 2001 700+ words
...Drug Administration for Memantine by the end of this year. In late June, Forest announced it was collaborating with German drug maker Merz & Co. to develop a drug, called Neramaexane, that would treat several central nervous system disorders.
- Stock in drug maker IVAX plummets 23 percent in generics price war.
- Newspaper article from: Knight Ridder/Tribune Business News November 2, 2004 700+ words
...Herald Knight Ridder/Tribune Business News Nov. 2--Miami drug maker IVAX reported Monday that third-quarter net income more...has a $3 billion market for treating mental illness, and Forest Labs' Lexapro, an anti-depressant with a $1.4 billion U...
- Forest Labs slips on lercanidipine setback. (Markets: Life Sciences).(Forest...
- Magazine article from: Chemical Market Reporter December 16, 2002 700+ words
...for its Alzheimer's drug memantine. Forest Labs recently announced that the Food and...positive initial results for memantine. Forest Labs recently unveiled data from a clinical...million to $153 million. Shares of Forest Labs have had a very strong run since early...
- Forest Labs Selects Dendrite's SalesPlusCorNet for U.S. Sales Team of 800 Reps.
- Press release article from: Business Wire July 29, 1999 700+ words
...covering over 800 reps, will supply Forest Labs' sales teams with SalesPlusCorNet software...SalesPlusCorNet. "We look forward to our Forest Labs partnership to demonstrate the power...activity with a minimum of effort. "Forest Labs believes in focusing our sales force...
- Gregory Spear Highlights the Following Stocks: Forest Labs, Garmin, and...
- Press release article from: Business Wire April 22, 2003 700+ words
...from expert Gregory Spear. Learn about Forest Labs (NYSE:FRX), Garmin (NASDAQ:GRMN...therefore much less financial neurosis. Forest Labs (NYSE:FRX) is a $19 billion market...nimble enough to outflank them. Sales of Forest Labs' antidepressant drug Celexa have increased...
- Schaeffer's Option Bytes Features Callaway Golf, Forest Labs, Celestica, Best...
- Press release article from: Business Wire September 15, 2004 700+ words
...Bytes are Callaway Golf (NYSE:ELY), Forest Labs (NYSE:FRX), Celestica (NYSE:CLS...the past year. 12:43 PM Puts Pile for Forest Labs Yesterday, puts traded actively on Forest Labs (NYSE:FRX) , as put volume was 4...
- Forest, FDA spar over use of validation QC values.(Forest Labs, Food and Drug...
- Newspaper article from: Inspection Monitor September 1, 2000 700+ words
Forest Labs, Farmingdale, NY, New York District...an audit of the analytical lab run by Forest Labs in Farmingdale, NY. The duo heftily...responded to requests for comment. Forest Labs, Farmingdale, NY, 10/5-23/98...
