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BUSINESS BRIEFS.(TO THE POINT)
MEDICAL
Pfizer drops HIV therapy effort
The drug firm will not continue developing its capravirine drug, saying that 2 midstage trials showed that capravirine didn't boost the effectiveness of standard triple-drug HIV therapies in patients who didn't respond to available antiretroviral therapies. Pfizer's returning the drug rights to Shionogi. It also ended its asthma collaboration with German drug maker Altana. Shares fell 1.5% to 27.10.
Coventry Health backs Q2 views
The health plan provider said it "remains comfortable" with Q2 views of $1.12-$1.14 a share, in line with views, despite a planned 2 cents a share charge from writing off $5.4 mil in deferred financing costs and taking a gain on a sale from investments. Coventry Health Care slipped 15 cents to 70.60.
Amedisys to buy home health firm
The provider of home nursing services will pay $106 mil for Housecall Medical Resources, an operator of 57 home health agencies in the Southeast. Amedisys expects the purchase to lift '05 per share profit by 5-10 cents a share and boost '06 profit by 25-30 cents. Amedisys will finance the deal with cash and a $75 mil, 5-year secured credit facility. Shares rose 2.5% to 37.70.
- Hasbro grabs Galoob.(Hasbro's acquisition of Lewis Galoob Toys Inc.)
- Magazine article from: Playthings November 1, 1998 700+ words
...officer Mark D. Goldman in the new company was not announced. On the news of the merger, Hasbro's shares fell nearly $1; Galoob's shares rose more than $3. In response to the deal, Standard & Poor's revised its ratings outlook on...
- U.S. job figures hopeful as Dublin takes profits; Iseq briefing: Closed at...
- Newspaper article from: The Daily Mail (London, England) August 8, 2009 700+ words
...further pressure on box prices until there is some improvement in containerboard pricing. Smurfit shares fell 5c to E4.20. Chiquita shares rose by around 15pc in after-hours trading following the release of Q2 results that were materially...
- Judge Strikes Down Patent Infringements by Miami-Based Drug Maker.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News Chandler, Michele March 1, 2000 700+ words
...a sharp decline in shares of Bristol-Myers, the nation's No.3 pharmaceutical company. The shares fell $6 to $51.25. Ivax shares rose $4.25 to close at $27, a 52-week high. "We have maintained all along that Bristol's patents...
- Airlines get a bit of a lift.
- Newspaper article from: The Dallas Morning News (via Knight-Ridder/Tribune News Service) May 3, 2005 700+ words
...percent. That makes the firm one of AMR's largest shareholders. AMR shares rose 37 cents to $10.72. Southwest shares fell a penny to $14.99. Continental shares rose $1.07 to $12.66. ___ (c) 2005, The Dallas Morning News...
- Reports see 'profitless recovery' ahead for nation's airline sector.
- Newspaper article from: Knight Ridder/Tribune Business News December 8, 2004 700+ words
...gains last week as crude prices fell back. American parent AMR Corp. shares rose a penny to $10.21. Southwest shares fell 11 cents to $15.73. Continental shares rose 9 cents to $12.21. To see more of The Dallas Morning News, or to...
- Analysts worried airlines recovering minus profits.(The Dallas Morning News)
- Newspaper article from: Knight Ridder/Tribune News Service Torbenson, Eric December 8, 2004 700+ words
...gains last week as crude prices fell back. American parent AMR Corp. shares rose a penny to $10.21. Southwest shares fell 11 cents to $15.73. Continental shares rose 9 cents to $12.21. ___ Visit The Dallas Morning News on the World...
- Analysts worried airlines recovering minus profits.
- Newspaper article from: Dallas Morning News December 7, 2004 700+ words
...gains last week as crude prices fell back. American parent AMR Corp. shares rose a penny to $10.21. Southwest shares fell 11 cents to $15.73. Continental shares rose 9 cents to $12.21. ___ (c) 2004, The Dallas Morning News. Visit...
- Bestfoods rumored to buy Campbell Soup to avoid Unilever takeover.(Knight...
- Newspaper article from: Knight Ridder/Tribune News Service Fernandez, Bob June 5, 2000 700+ words
Campbell Soup Co. shares rose modestly Monday on widely reported rumors that a...considered by Bestfood directors Monday. Bestfoods shares fell $2.31 to $62.81; Campbell shares rose $1.19 to $31.13 Monday. Analysts were confused...