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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Merck said to hide Vioxx concerns
The pharmaceutical giant fell 10% to 28.28 after a news report said as early as '00 Merck knew its arthritis drug Vioxx was linked to heart problems. The Wall Street Journal cited internal e-mails and marketing materials that also showed Merck tried to discredit evidence against Vioxx. In late Sept., Merck pulled the drug from the shelves, prompting a wave of lawsuits and cutting into Q3 earnings.
Humana beats, raises guidance
The health plan provider earned 52 cents a share in Q3, up 37% and 8 cents over views. Revenue rose 2.25% to $3.18 bil. Profit from its commercial business climbed 49% while those from its government segment climbed 32%. Humana raised its '04 profit forecast to $1.66-$1.69 a share. Views were for $1.65. It also lifted its '05 guidance. Shares jumped 6.5% to 20.35.
Icahn: King warning shows risk
Financier Carl Icahn said King Pharmaceutical's warning that it may need to restate earnings reinforces his position that Mylan Labs' pending buyout of King is "extremely risky." Icahn, who owns 9.8% of Mylan Labs, has ...
- Zacks Sell List Highlights: Mylan Labs, Sharper Image, Ariba, and Sanmina-SCI...
- Press release article from: Business Wire March 9, 2005 700+ words
...from two months ago by 11 cents, or approximately -13...from early February, Mylan Labs said the generic industry...earnings per share of 13 cents, which missed the consensus...primarily reflecting what Mylan Labs believes to be an irrational...
- CORRECTING and REPLACING Zacks.com Features the Following Top Stocks in the...
- Press release article from: Business Wire May 10, 2004 700+ words
...consensus and improving from 28 cents in the year-ago quarter...reported diluted earnings of 83 cents per share, which was +20...Bertek Pharmaceuticals, Inc. Mylan Labs will report its fiscal fourth...quarter diluted earnings of 31 cents per share, which marked an...
- Mylan Labs to acquire 71.5 pc stake in Matrix for $736 mn.
- News wire article from: PTI - The Press Trust of India Ltd. August 28, 2006 700+ words
Mylan Labs to acquire 71.5 pc stake in...will acquire upto 71.5 per cent in Hyderabad-based Matrix...would purchase a 51.5 per cent stake in Matrix for Rs 306 per...while the remaining 20 per cent is to be acquired through an...
- Mylan Labs to acquire 71.5 pc stake in Matrix.
- News wire article from: PTI - The Press Trust of India Ltd. August 28, 2006 700+ words
Mylan Labs to acquire 71.5 pc stake in...will acquire upto 71.5 per cent stake in the company for around...would purchase a 51.5 per cent stake in Matrix for Rs 306 per...Prasad would retain a 5 per cent stake in Matrix. In addition...
- Mylan Labs to acquire Merck's generics business for $6.7 bn.
- News wire article from: PTI - The Press Trust of India Ltd. May 13, 2007 700+ words
Mylan Labs to acquire Merck's generics business for $6.7 bn New Delhi, May 13...Officer Robert J Coury said. The US-firm, which had acquired 51.5 per cent in India's Matrix Laboratories for 736 million dollars in cash last year...
- Zacks Sell List Highlights: Mylan Labs, Sara Lee, Ariba, and Newell Rubbermaid.
- Press release article from: Business Wire February 9, 2005 700+ words
...third quarter earnings of 13 cents per diluted share, missing...underperforming last year's 31 cents. The company stated that the...under significant pressure. Mylan Labs also reduced its fiscal 2005...ending March 2005 moved lower 11 cents, or about -13%, over the...
- Zacks.com Features the Following Top Stocks in the Drug Industry: Cubist...
- Press release article from: Business Wire May 10, 2004 700+ words
...consensus and improving from 28 cents in the year-ago quarter...reported diluted earnings of 83 cents per share, which was +20...Bertek Pharmaceuticals, Inc. Mylan Labs will report its fiscal fourth...quarter diluted earnings of 31 cents per share, which marked an...
- Zacks Sell List Highlights: 99 Cents Only Stores, SOHU, Gemstar-TV Guide, and...
- Press release article from: Business Wire May 19, 2004 700+ words
...highlight the following companies: 99 Cents Only Stores (NYSE:NDN) and SOHU.COM...applied to 5% of all the stocks we rank: 99 Cents Only Stores (NYSE:NDN) is a leading...below levels from three months ago for 99 Cents Only Stores by 12 cents, or about -13...