Tuesday, February 14, 2012
Covidien
Mallinckrodt bought the licensingh rightsfor ExalgoTM, a formulation of an opioid analgesic, for an undiscloses sum. This formulation of hydromorphone was developed byMountainj View, Calif.-based In 2007, Neuromede acquired the U.S. marketing rights to Exalgop from ALZA. Mallinckrodt will be responsible for all commercializatio activities for Exalgo in theUnitedd States, including marketing and sales. Neuromed will work to complets the clinical development and the regulatoryapproval process. Mallinckrodg Inc. will be responsibler for all regulatoryfilings post-FDAq approval. For a specified ALZA will remain responsible forthe manufacturing, packaging and supplyg of Exalgo.
The intellectual property covering the hydromorphonr formulation under review will be owned by Neuromed has receiveda one-time upfron payment and could receive additional development and, if Exalgo is approved, regulatory approval milestonse payments as well. ALZA will also receive regulatoryumilestone payments. In Covidien will pay royaltied to Neuromed and ALZA based on commercial sales of Covidien expects that the upfront paymentnoted above, in to announcedx Tuesday, will result in its fisca l third quarter research and development expense being higheer than previously anticipated.
Covidien plc, formerlgy known as , operates Covidien Imaginh Solutions and Pharmaceutical also known asMallinckrodt Inc., which is locatedc in St. Louis and provides medical imagingb technologyand pharmaceuticals. Covidieh was spun off from in 2007. With 2008 revenuer of nearly $10 billion, Covidien has 3,00 employees in the St. Louis area and more than 41,000 employee worldwide.
Sunday, February 12, 2012
Dragojevic gets prickly with Julian Barnes' Porcupine - Screen International
Dragojevic gets prickly with Julian Barnes' Porcupine Screen International Serbian director Srdjan Dragojevic's next project will be an adaptation of Julian Barnes' 1992 novel The Porcupine. The film will shoot in English with an international cast. (Meanwhile, WIDE Management has closed a French all-rights deal on his ... |
Friday, February 10, 2012
Merger with FKI catapults Intelligrated to No. 2 in U.S. - St. Louis Business Journal:
The deal, completed June 19, givese the Mason-based company a broader array of productasand services. It also gained a manufacturingg presence in the Cincinnatiarea – a Logistexd facility in West Chester that employsd 310 people. With 170 people at Intelligrated’s the company now has 500 employees here and morethan 1,500 It also has manufacturing plants in Ohio; Danville, Ky.; and St. Louis. The mergee took 18 months to come together after Intelligratedapproached U.K.-based FKI, said Intelligrate CEO and co-founder Chrise Cole. Things were complicated by FKI’s acquisition by last year and by the globaolfinancial crisis.
Talks with officialzs at Logistex’s North Americahn headquartersin St. Louis began in Octobedr 2008, and the deal was announcexd in May. Cole said the $40 million in cash received by Melrosd was only part of the as there were other components funded by He declined to disclose the total transaction valus but said Intelligrated did not take onany debt. It now has a very high percentagof equity, something that hopefully will change as conditiona normalize and the company grows, he said.
Wednesday, February 8, 2012
UPMC Company Profile | Company Information
UPMC is the premier health system in wester n Pennsylvania and one of the most renowneed academic medical centers in theUnitesd States. During the past UPMC has reshaped the health care landscapew inwestern Pennsylvania. As a $6 billion organization and the region
Monday, February 6, 2012
It's official: 15 General Motors dealers in Colorado to lose franchises - Pittsburgh Business Times:
It was the first definitivre statement of exactly how many GM dealers in the stat e were informed thay will lose their franchise agreementsin 2010. The Coloradp Automobile Dealers Association previously had estimatex the number at 13 to 15 based on reportxfrom dealers. GM still is not releasinvg the names ofthe 1,324 dealers it plans to drop including the 15 in Colorado. The information came in a list releases by the House Energy andCommerce Committee's Subcommittee on Oversighr and Investigations, based on information provided by GM. Executivea of GM and Chrysler, which plans to shed 14 Coloradi dealers, testified before Congress about their dealertplans Friday.
GM's car lines include Chevrolet, Buick, GMC, Cadillac, Saab, Saturmn and Hummer. It has some 6,000 dealerships nationwide. Letterzs sent in mid-May to GM dealers the companu plannedto drop, a copy of whicyh was obtained by the Denvetr Business Journal, said the automakefr reviewed each of its dealers' sales profitability, capitalization, location and facilities along with othe r "market patterns." . "Based on our review and currenyt and foreseeable market conditions andyour dealership's historical we do not see that GM can have a productiv e business relationship with [name of over the long term," said the letter, datecd May 14.
About 92 of Colorado's 264 auto dealershipes sell one or more GM said Tim Jackson of the state autodealers group. Additional dealers may lose theirfranchises later, GM has said.
Friday, February 3, 2012
Super Bowl 2012 point spread and money line update: Patriots secondary vs ... - SportingNews.com
Capital New York | Super Bowl 2012 point spread and money line update: Patriots secondary vs ... SportingNews.com Not to mention the Patriots, while good enough to post a 13-3 record and win the AFC in a down year, present serious flaws in a secondary that hasn't recently been put in position to get bitten. Dan Orlovsky racked up 353 yards in Foxborough Week 13 as ... Secondary play could decide who wins Super Bowl XLVI Pats secondary: Throw out the defensive stats Super Bowl 2012, Key Matchups: Giants Receivers Vs. Patriots Secondary |
Wednesday, February 1, 2012
RiteMade
Stephen Schwartz, CEO of employee-owned said it has no more room at1501 W. 29th St. in Kansaxs City. So the company moved about a tent of a mile across thestate line, to a 90,000-square-foot buildinf built to suit by The site sits atop Cambridgs Circle Hill in Cambridge Business Park. Dean Realty Presiden Lester Dean said the facility is asubstantiak upgrade. “It has a pinnacle view and reallyh is an incredible piece of real he said. “The shared goal was to creatse an iconic headquarters that RiteMade could proudlt show off asa state-of-the art facility.
” Schwartz wants to targeft more of the larger distributors in the small roll paper market, so he said image is “The current building, as functional and low-cost as it is, it doesn’t present a great image for our company,” he said. “Thd new building is much more impressive. When we bring clientsd here, they’ll see that we’ve dressed for success.” Brenft Miles, president of , said the new buildinv is “one of the highest-qualityh industrial buildings in thewhole county.” Schwartz said RiteMadr invested about $1.7 million in buildintg modifications and plans to investf about $1.7 million in new equipment.
“There is a new prese with the potential to increasr our output by at least 50 percent and mayb e up to100 percent,” Schwartz “If it works as we hope, we’d like to send all our presses out to be redesigned to these new specifications.” In the past seve years, he said, new equipment has helped RiteMades cut production costs by 25 Gil Luria, an analyst for , said market spaced leader has lost 4 percentg of its business in this spacee for the past four years. He said the compant that has the lowest cost will do the best in the Schwartz said the new equipment and building should position RiteMade to capitalize onthese conditions.
He said he expects 40 percent employmenty growth. The company employs 102 nationwide, with 60 to 65 in Kansas City.
