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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| August 04, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MEDICAL

Cigna earnings down 42% in Q2

The U.S. HMO earned $1.13 a share, a nickel above views. Revenue slid 2% to $4.6 bil. Total medical membership fell 8% to about 12 mil. Cigna expects to earn $1.15-$1.35 in Q3 and $5-$5.25 for the full year, above analysts' forecasts for $1.16 in Q3 and $4.92 in '03.

Positive FDA response for Biopure

The biotech said regulators asked for more information on its Hemopure blood substitute product, but didn't ask for additional clinical trials, which may bring it a step closer to FDA approval. Biopure's product is derived from cows' blood, then purified. Shares shot up 22% to a 52-week high of 7.30.

** Cardinal Health OK'd a $1 bil buyback plan. The ...

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