Business / Finance

RSS

The Ensign Group to acquire nine skilled nursing, assisted living facilities from Careage

The Ensign Group, Inc. announced today that Ensign operating subsidiaries have agreed to acquire nine skilled nursing and assisted living facilities from Sioux City, Iowa-based Careage Management, LLC. The acquisition is expected to become effective in July, 2011.

6 Jun 2011

Walgreen acquires drugstore.com

Walgreen Co. today announced that it has completed its acquisition of drugstore.com. The transaction includes all websites directly owned and operated by drugstore.com, as well as its corporate office and customer service and distribution center operations.

3 Jun 2011

AxoGen, LecTec sign merger agreement

LecTec Corporation announced today that on May 31, 2011 it entered into an Agreement and Plan of Merger ("Merger Agreement") with AxoGen Corporation, d/b/a AxoGen Inc., a privately held company focused on developing and commercializing medical products for the repair of peripheral nerve injuries.

3 Jun 2011

HHS inspector general: $3.4 billion recovered in first half of 2011

HHS' inspector general's office tallied $3.4 billion in expected recoveries through its audits and investigations in the first half of fiscal 2011, according to its semiannual report to Congress. The office recovered $3.1 billion in the year-ago period.

3 Jun 2011

New report: Life science tools market to reach over $80B by 2016

The life science tools market will reach over $80 billion by 2016, according to a new report on companiesandmarkets.com. The life science tools market has shown steady growth over the last couple of years despite the economic downturn.

3 Jun 2011

ANSTO, ITG partner to distribute radioisotopes

ITG Isotope Technologies Garching GmbH (ITG), a specialist in the development and production of innovative radioisotopes, and Sydney-based, Australian Nuclear Science and Technology Organisation (ANSTO) have agreed on a broad, long-term collaboration on radioisotopes.

3 Jun 2011

HHS Secretary joins St. Paul’s Regions Hospital to highlight Partnership for Patients

On Thursday, June 2, 2011, U.S. Department of Health and Human Services Secretary Kathleen Sebelius will join hospital officials, doctors, patients, and other key health care advocates at Regions Hospital to highlight the Partnership for Patients.

3 Jun 2011

LabCorp extends cash tender offer for all shares of Orchid common stock

Laboratory Corporation of America Holdings today announced that LabCorp is extending until 6:00 p.m., New York City time, on June 15, 2011, LabCorp's previously announced cash tender offer for all outstanding shares of the common stock of Orchid Cellmark Inc.

3 Jun 2011

Protox reports net and comprehensive loss of $2.2 million for first quarter 2011

Protox Therapeutics Inc., a leader in the development of receptor targeted therapeutic fusion proteins, today announced financial results and achievements for the quarter ended March 31, 2011.

2 Jun 2011

Bio-Tissue ships over 7,500 ProKera medical device since product's inception

Bio-Tissue, the industry leader in Ophthalmic tissue products, announced today that it has shipped over 7,500 ProKera units since the product's inception. ProKera is the only medical device that can provide wound healing to over 350,000 annual cases of patients afflicted with damaged ocular surfaces.

2 Jun 2011

Sequenom secures $30.0M credit facility from Silicon Valley Bank’s San Diego-based team

Sequenom, Inc., a life sciences company providing innovative genetic analysis solutions, today announced it and its subsidiary Sequenom Center for Molecular Medicine have secured a $30.0 million financing commitment from Silicon Valley Bank’s San Diego-based team. Sequenom will use proceeds from the facility to support the development and commercialization of new products and other near term growth initiatives.

2 Jun 2011

Cyberonics net sales increase 14% to $190.5 million for fiscal 2011

Cyberonics, Inc., a global leader in epilepsy management, today announced results for the fourth quarter and fiscal year ended April 29, 2011.

2 Jun 2011

ECPI College of Technology announces name change to ECPI University

ECPI College of Technology announces that it is now ECPI University. The name change reflects the diversity of programs and various levels of education provided by the university.

2 Jun 2011

Kindred acquires RehabCare

Kindred Healthcare, Inc. announced that it has completed the previously announced acquisition of RehabCare Group, Inc.

2 Jun 2011

FTC accepts Grifols and Talecris' Consent Agreement for public comment

Grifols, S.A. and Talecris Biotherapeutics Holdings Corp. announced today that the U.S. Federal Trade Commission has accepted for public comment a Consent Agreement that outlines the conditions necessary for Grifols' acquisition of Talecris to proceed.

1 Jun 2011

Encision fourth quarter net sales decrease 8% to $2.921 million

Encision Inc., a medical device company owning patented surgical technology that is emerging as a standard of care in minimally-invasive surgery, reported profitable financial results for its fourth fiscal quarter ended March 31, 2011.

1 Jun 2011

CTI regains compliance with all applicable NASDAQ listing standards

Cell Therapeutics, Inc. announced that it has received a letter from The NASDAQ Stock Market LLC, indicating that CTI has regained compliance with the minimum bid price rule (i.e., NASDAQ Listing Rule 5550(a)(2)) for continued listing on The NASDAQ Capital Market and that CTI is in compliance with all applicable listing standards.

1 Jun 2011

Shield raises EUR8.2M through Series A financing

Shield Therapeutics, the independent specialty pharmaceutical company focused on the development and commercialisation of late-stage hospital pharmaceuticals, today announces that it has successfully raised EUR8.2m from Inventages Venture Capital (Inventages) in its first institutional financing round.

1 Jun 2011

Patrick K. Donnelly announces official launch of Aptiv Solutions

Chairman and CEO Patrick K. Donnelly today announced the official launch of Aptiv Solutions, a global biopharmaceutical and medical device development services company.

1 Jun 2011

MorphoSys to start share buy-back

MorphoSys AG announced today the decision to repurchase its own shares on the stock market. Following approval by the Company's Supervisory Board, the Board of Management of MorphoSys AG has resolved to acquire up to 100,000 MorphoSys shares over the stock market during the time period from June 1, 2011 to June 30, 2011. The shares will be used to implement the Company's long-term incentive program for management.

1 Jun 2011