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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Andrx rosy on generic clearance
The drug firm rallied 8.46, or 25%, to 41.91 after a U.S. court decision should clear the way for it to sell a version of GlaxoSmithKline's depression drug Wellbutrin and smoking-cessation drug Zyban. Glaxo plans to appeal. Andrx expects an FDA OK by midyear and sees getting 180 days of generic exclusivity.
Elan and AHP will end drug trials
Irish drug maker Elan and American Home Products won't resume trials of an experimental Alzhei-mer's drug. They were halted in Jan. after some patients became ill. The French patients were said to have clinical signs of inflammation in their central nervous system.
Biotechs slide on weak forecasts
Invitrogen crashed 11.52, or 25%, to 34.12 after it said sales of its gene cloning and analysis kits will be slower than expected. It sees 9% sales growth in '02 vs. views for 20%. Protein Design Labs fell 6% after warning that sales will drop 10%-15% this year and it doesn't see an '02 profit. It's developing antibodies to prevent or treat diseases.
- Supreme Court Reverses Criminal Conviction Of Arthur Andersen for Destroying...
- News wire article from: Mondaq Business Briefing June 7, 2005 700+ words
...criminal conviction of Enron Corporation's auditor, Arthur Andersen LLP, for destroying...corporate entities. Arthur Andersen's involvement in the Enron debacle, and its...November 9 served Enron and Arthur Andersen with subpoenas for...
- Arthur Andersen's CEO Points a Finger at Enron's Business Model.
- Newspaper article from: Knight Ridder/Tribune Business News January 21, 2002 700+ words
...WASHINGTON--The head of Arthur Andersen on Sunday sought...its former client Enron Corp., saying the...Andersen blessed Enron's use of the off...role in overseeing Enron business practices. "Arthur Andersen blessed the accounting...
- GSA Suspends Enron and Arthur Andersen and Former Officials.
- Press release article from: PR Newswire March 15, 2002 700+ words
...Enron corporate entities, several former Enron officials, Arthur Andersen, LLP, and a former Andersen official...suspended entities and individuals are: * Enron Corp. * Arthur Andersen, LLP * Enron North America Corp. * Portland General...
- What does it take to lose a contract? Arthur Andersen's complicity in the Enron...
- Magazine article from: Insight on the News O'Meara, Kelly Patricia March 18, 2002 700+ words
...practices that allowed Enron to hide hundreds...question whether Arthur Andersen should continue...1996 and 2000, Arthur Andersen had federal contracts...admitted role in the Enron scandal, could Arthur Andersen be barred or suspended...
- Arthur Andersen convicted of obstruction of justice for destroying Enron...
- Newspaper article from: Chicago Tribune (via Knight-Ridder/Tribune News Service) June 15, 2002 700+ words
...destroyed thousands of Enron-related records. "Arthur Andersen was a lapdog, not...focus will be on Enron executives, some...not finished with Arthur Andersen," said Leslie Caldwell...the government's Enron task force here...
- Dingell requests conflict of interest probe of Enron auditor. (Congress).(John...
- Magazine article from: Energy Report November 26, 2001 700+ words
...previously looking into Arthur Andersen specifically over its dealings with Enron, Sullivan said. But Arthur Andersen is currently in the midst...acting as an auditor of Arthur Andersen. Enron has retained Deloitte...
- Arthur Andersen ofrece cientos de millones a los acreedores de Enron.(Negocios)
- Newspaper article from: Reforma (México D.F., México) February 21, 2002 700+ words
...Street Journal. Arthur Andersen LLP ha comenzado...empleados de Enron Corp., realizando...la sombra de Enron sobre ellos...contactadas por Arthur Andersen est la firma...colectiva contra Arthur Andersen y Enron. William Federman...
- University of California Settles With Arthur Andersen's International Firms in...
- News wire article from: Ascribe Higher Education News Service August 27, 2002 700+ words
...settlement with Arthur Andersen's international...organization in the Enron securities and...California and the Enron plaintiffs attempted...settlement with Arthur Andersen's U.S. firm...discussions with Arthur Andersen, LLP ended, UC...separate settlement. Enron ...
