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Lx Therapies, BioCis partner to form Laurantis Pharma

BioCis Pharma Oy and Oy Lx Therapies Ltd. announced today that the companies have combined to create Laurantis Pharma Oy, a clinical-stage specialty pharmaceutical development company.

26 May 2011

Watson announces acquisition of Specifar Pharmaceuticals

Watson Pharmaceuticals, Inc. and Specifar Pharmaceuticals S.A. today jointly announced that Watson has acquired the privately-held multinational generic pharmaceutical developer, manufacturer and marketer for EUR 400 million in cash and certain contingent consideration.

25 May 2011

Comtex SmarTrend ranks POZEN as second most efficient pharmaceutical company

POZEN Inc., a pharmaceutical company committed to transforming medicine that transforms lives, announced today that Comtex SmarTrend has ranked POZEN as the second most efficient company in the pharmaceutical industry.

25 May 2011

Akorn intends to offer $100M of Convertible Senior Notes due 2016

Akorn, Inc. announced today that, subject to market conditions, it intends to offer $100 million principal amount of Convertible Senior Notes due 2016.

25 May 2011

Medical Action fiscal 2011 fourth quarter net sales increase 48% to $105,273,000

Medical Action Industries Inc., a supplier of medical and surgical disposable products, today reported fourth quarter and fiscal 2011 results.

25 May 2011

AFP examines expansion of Indian drug companies in South Africa

Agence France-Presse examines how Indian drug companies have infiltrated the South African market over the last few years in an effort to have a broader reach in Africa. India's pharmaceutical industry is now the second largest in the world by volume, according to AFP.

25 May 2011

China Nepstar Chain Drugstore first quarter revenue increases 9.0% to US$94.4 million

China Nepstar Chain Drugstore Ltd., the largest retail drugstore chain in China based on the number of directly operated stores, today announced its unaudited financial results for the first quarter ended March 31, 2011.

25 May 2011

BPD expands existing bioprocess and scale-up laboratory in Poway, CA

Biologics Process Development Inc., a wholly-owned subsidiary of Viropro, will double the size of its existing bioprocess- and scale-up laboratory in Poway, CA.

25 May 2011

HDL to acquire Harris Scientific

Health Diagnostic Laboratory Inc., a CAP accredited leader in health management, announced today that it will expand its comprehensive test menu of risk factors and biomarkers for cardiovascular and related diseases through the acquisition of Harris Scientific, Inc., a company providing omega-3 fatty acid testing based on the research of Dr. William Harris.

25 May 2011

Tektronix Component Solutions, Vanguard sign Joint Marketing Agreement for microelectronics

Vanguard EMS and Tektronix Component Solutions have signed a Joint Marketing Agreement to formalize their collaboration and the joint offering of their capabilities to customers in the defense, aerospace, medical and industrial equipment markets.

24 May 2011

Accelerator announces Series A financing of Oncofactor

Accelerator Corporation, a privately held, venture-capital-backed biotechnology investment and development company, announced today the Series A financing of Oncofactor Corporation. This is the twelfth company backed by Accelerator and its first investment based on internal intellectual property developed at Accelerator.

24 May 2011

LinkMed acquires NorDiag's 50% stake in Olerup International

LinkMed acquires NorDiag´s 50 percent stake in Olerup International AB, which is the holding company for Olerup GmbH. LinkMed will thereby control 75 percent of the company.

24 May 2011

Sectra's net sales increase 7.4% to SEK 910.9 million for 2010/2011 fiscal year

The IT and medical-technology company Sectra's net sales rose 7.4% to SEK 910.9 million for the 2010/2011 fiscal year, due to increased transactions with existing customers and breakthroughs in new countries.

24 May 2011

Valeant to acquire Sanitas for EUR314 million

Valeant Pharmaceuticals International, Inc. today announced that it has agreed to acquire AB Sanitas for approximately EUR314 million in cash.

24 May 2011

Nestle Health Science to acquire Prometheus Laboratories

Prometheus Laboratories Inc., a specialty pharmaceutical and diagnostic company, today announced that it has entered into a definitive agreement to be acquired by Nestle Health Science S.A., a wholly-owned subsidiary of Nestle S.A., for an undisclosed amount.

24 May 2011

Sonova sales increase 13.3% to CHF 1,617 million for financial year 2010/11

Sonova consolidated its leading position in the hearing instrument industry in financial year 2010/11. Despite negative currency effects, a new sales record of CHF 1,617 million was achieved.

24 May 2011

Patient Safety Technologies first quarter total revenue decreases to $2.0 million

Patient Safety Technologies, Inc. today announced financial results for its first quarter of 2011 ended March 31, 2011.

24 May 2011

The Boston Business Journal names athenahealth as 'Best Place to Work'

athenahealth, Inc., a leading provider of cloud-based practice management, electronic health record, and patient communication services to medical groups, was named a '2011 Best Place to Work in Massachusetts' by The Boston Business Journal.

23 May 2011

Spacelabs Healthcare receives $1.6M contract from South Carolina hospital for patient monitoring solutions

OSI Systems, Inc., a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, today announced that its Healthcare division, Spacelabs Healthcare, has received a $1.6 million contract from a South Carolina hospital.

23 May 2011

Vitacost.com receives NASDAQ noncompliance notification letter

Vitacost.com, Inc., a leading online retailer and direct marketer of health and wellness products, announced today that the Company received an additional letter from The NASDAQ Stock Market indicating that the Company is not in compliance with Listing Rule 5250(c) due to the delinquent filing of the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2011.

23 May 2011