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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Boston Scientific in $740 mil deal
The medical device maker agreed to acquire privately held Advanced Bionics to expand its presence in the implantable microelectronic medical devices market. Advanced Bionics has developed products for treating neurological disorders. The deal will reduce Boston Scientific's '04 EPS by 4 cents. Shares rose 3% to 45.60.
Medtronic, inventor go to court
The medical device maker is battling over rights to technology for spinal fusion implants. Orthopedic surgeon and inventor Gary Michelson claims the company paid him insufficient royalties and seeks $3 bil in damages. Medtronic sued the surgeon to gain full rights to the technology it acquired when it bought Sofamor Danek's spinal business in '99. Medtronic rose 2% to 48.85
** Medtronic and Genzyme have started a joint venture to develop a treatment to rebuild muscle after a heart attack. Genzyme slipped 11 cents to 43.74.
** Pozen's shares dived 37% to 6.23 after the company said the FDA rejected its application for a new migraine ...
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...Appointment and Promotion United Natural Foods, Inc. , a leading national...as Director of Sales for United Natural Foods, and a predecessor company...of the Eastern Region of United Natural Foods from Steven Townsend, who...
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...PRNewswire-FirstCall/ -- United Natural Foods, Inc. announced today that...through September 29, 2013, United Natural Foods will continue to serve as...United States regions where United Natural Foods currently serves as the primary...
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United Natural Foods, Inc. announced that during today...Townsend, Chief Executive Officer of United Natural Foods, was elected Chair of the Board...career of more then 20 years with United Natural Foods. Thomas B. Simone, Vice Chair...
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