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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Icahn loses grip on Mylan Labs
Asset manager Richard Perry neutralized investor Carl Icahn's hostile takeover bid for the generic drug maker by becoming the No. 1 shareholder in Mylan Laboratories. Icahn made the $5.4 bil bid because he opposed Mylan's proposed $4 bil buyout of King Pharmaceuticals. Perry holds a 7 mil share stake in King. Perry Corp now owns 9.89% of Mylan, topping Icahn's 9.8%. King rose 7.5% to 12.45; Mylan fell 1% to 18.16.
Syneron Med drops on FDA move
The maker of cosmetic medical devices plunged 27% to 27.05 after the FDA rejected its application for its VelaSmooth cellulite-smoothing device. The FDA said Syneron Medical must reapply under a more stringent category. The Israeli company said it plans to ask for an investigational device exemption, which will let it use VelaSmooth in a clinical study to collect safety and effectiveness data.
Novartis pulls drug application
The drug firm is temporarily shelving a European Union application for its painkiller Prexige; it's delayed a U.S. filing several times. The drug is a cox-2 inhibitor, the same class of drugs as Merck's withdrawn Vioxx. EU authorities are reviewing cox-2 inhibitors for safety concerns. At one point, Prexige was thought to be a blockbuster with $2 bil annual sales. Novartis fell 2% to 48.05.
- Natural Foods
- Encyclopedia entry from: Encyclopedia of Food and Culture Fjellstr öm, Christina Maria January 1, 2003 700+ words
NATURAL FOODS NATURAL FOODS. The concept of natural foods is obscure from many perspectives. Although international literature offers no clear definition, the term is used in food surveys, in the food industry, in the marketing of foods, and...
- United Natural Foods Strengthens Management Team.
- Press release article from: PR Newswire October 10, 2002 700+ words
...Executive Appointment and Promotion United Natural Foods, Inc. , a leading national distributor of natural foods and related products, today announced...served as Director of Sales for United Natural Foods, and a predecessor company, from...
- United Natural Foods, Inc. Completes Acquisition of Stow Mills, Inc.
- Press release article from: PR Newswire October 31, 1997 700+ words
...Oct. 31 /PRNewswire/ -- United Natural Foods, Inc. (Nasdaq: UNFI) announced...have approved the merger of United Natural Foods and Stow Mills, Inc., and that Stow...a wholly owned subsidiary of United Natural Foods. United Natural Foods' shareholders...
- Coleman Natural Foods, LLC, New Powerhouse Natural and Organic Food Company...
- Press release article from: Business Wire August 23, 2006 700+ words
...Colorado-based food company, Coleman Natural Foods, LLC, is announced today. Coleman Natural Foods becomes the leading United States processor...companies. E[acute accent]Coleman Natural Foods, to be headquartered here, was formed...
- Natural foods supermarkets gaining in popularity.
- Magazine article from: Food Review Kaufman, Phil R. September 1, 1998 700+ words
Natural foods supermarkets are achieving record...the earlier health-food stores, natural foods supermarkets have expanded in size...including prepared foods and meals. "Natural foods" are minimally processed and free...
- United Natural Foods, Inc.
- Reference information from: International Directory of Company Histories Lemieux, Gloria; Stansell, Christina January 1, 2006 700+ words
United Natural Foods, Inc. 260 Lake Road Dayville...Incorporated: 1977 as Cornucopia Natural Foods, Inc. Employees: 3,900 Sales...General Line Grocery Wholesalers United Natural Foods, Inc., is the leading distributor...
- United Natural Foods, Inc. and Millbrook Distribution Services Inc. Announce...
- Press release article from: PR Newswire October 5, 2007 700+ words
Merger Extends United Natural Foods into Specialty Foods Segment and...PRNewswire-FirstCall/ -- United Natural Foods, Inc. (the "Company") and...wholly-owned subsidiary of United Natural Foods, Inc., will acquire all the...
- United Natural Foods, Inc. Extends Long-Term Partnership With Whole Foods...
- Press release article from: PR Newswire October 2, 2006 700+ words
...PRNewswire-FirstCall/ -- United Natural Foods, Inc. announced today that Whole...through September 29, 2013, United Natural Foods will continue to serve as the primary...United States regions where United Natural Foods currently serves as the primary distributor...