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Eli Lilly responds to Amylin's exenatide lawsuit

Eli Lilly and Company has provided additional perspective in response to Amylin Pharmaceuticals, Inc.'s lawsuit filed in the United States District Court for the Southern District of California.

17 May 2011

Epichem signs exclusive distributor agreement with AR Brown

Australian supplier of API analytical standards Epichem, announced today it has signed an exclusive distributor agreement with a leading Japanese Life Sciences supplier company, AR Brown, for sales to Japan, Taiwan, China and South Korea.

17 May 2011

Comprehensive Care first quarter total revenue increases 383% to $18.3 million

Comprehensive Care Corporation today reported results for the first quarter ended March 31, 2011.

17 May 2011

Merck acquires Inspire Pharmaceuticals

Merck, known as MSD outside the United States and Canada, announced today that it is has completed its acquisition of Inspire Pharmaceuticals, Inc., a specialty pharmaceutical company focused on developing and commercializing ophthalmic products, for $5.00 per share in cash.

17 May 2011

Histogenics announces acquisition of ProChon Biotech

Histogenics Corporation, a privately held regenerative medicine company, announced today that it has acquired ProChon Biotech, Ltd. in a stock-for-stock exchange.

17 May 2011

Boston Software Systems to sponsor Revenue Cycle track of presentations at 2011 MUSE Conference

Boston Software Systems, the leader in workflow automation technology to the healthcare market, today announced that it is participating in the 2011 MUSE International Conference in Nashville, May 31-June 3 and will be sponsoring the Revenue Cycle track of presentations.

16 May 2011

EntreMed reports net loss of $2.6 million for first quarter 2011

EntreMed, Inc., a clinical-stage pharmaceutical company, today announced financial results for the three months ended March 31, 2011.

16 May 2011

Nutrastar first quarter revenue increases 21.6% to $5.80 million

Nutrastar International Inc., a leading producer and supplier of premium branded Traditional Chinese Medicine consumer products, today announced record financial results for the quarter ended March 31, 2011.

16 May 2011

Dynatronics fiscal third quarter net income increases 22% to $117,260

Dynatronics Corporation today announced results for its fiscal third quarter ended March 31, 2011.

16 May 2011

Kindred Healthcare plans $550 million senior notes offering

Kindred Healthcare, Inc. today announced that it is planning to issue an aggregate principal amount of up to $550 million of senior notes due 2019 to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended and to certain non-United States persons in offshore transactions in accordance with Regulation S under the Securities Act.

16 May 2011

IsoRay third fiscal quarter sales increase 17%

IsoRay Inc., announced financial results for the third fiscal quarter ended March 31, 2011 underscoring significant improvements in quarterly sales revenue growth both sequentially and in the prior year quarter. Sales increased 17% in the period with the Company posting a 581% gain in gross profit compared to the prior year third quarter.

16 May 2011

Monarch completes Inspire cash tender offer at $5.00 per share

Merck, known as MSD outside the United States and Canada, announced today that Monarch Transaction Corp., its wholly-owned subsidiary, successfully completed the cash tender offer for all of the outstanding shares of common stock of Inspire Pharmaceuticals, Inc., which expired at 12:00 midnight, New York City time, on Thursday, May 12, 2011.

16 May 2011

IOD completes acquisition of Confidential Copiers

IOD Incorporated, a leading provider of integrated HIM solutions to hospitals, health systems, and physician practices, today announced the completion of a strategic acquisition of Confidential Copiers Inc.

16 May 2011

InVivo Therapeutics reports net loss of $1,278,000 for first quarter 2011

InVivo Therapeutics, a medical device company focused on the development of groundbreaking technologies for the treatment of spinal cord injuries, today reported financial results for the first quarter 2011.

16 May 2011

China Kanghui first quarter total net revenue increases 39.3% to RMB68.0 million

China Kanghui Holdings, a leading domestic developer, manufacturer and marketer of orthopedic implants in China, today announced financial results for the first quarter of 2011.

16 May 2011

DuPont completes Danisco tender offer for DKK 700 per share

DuPont, through its wholly owned subsidiary DuPont Denmark Holding ApS, announced today that it has successfully completed its tender offer for all outstanding shares of common stock of Danisco for DKK 700 cash per share.

16 May 2011

As consumers postpone care, health insurers make record profits

The nation's major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care. The UnitedHealth Group, one of the largest commercial insurers, told analysts that so far this year, insured hospital stays actually decreased in some instances.

16 May 2011