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Friday, September 3, 2010
Managed Care
Cigna Expects to Back Adjusted Profit Outlook
Thursday, September 2, 2010, 4:54 pm ET; Source: Associated Press via Yahoo!
Health insurer Cigna Corp. said Thursday it is sticking by its forecast for adjusted profit, and its outlook for medical membership.
Dameron Named Cigna Regional President
Thursday, September 2, 2010, 8:33pm ET; Source: Denver Business Journal
Cigna Corp. , one of Colorado’s largest health insurers, has named Tom Dameron as president and general manager for Cigna HealthCare’s mountain states region.
Pharmaceutical and Bio Tech
Pfizer Ends Brain Cancer Drug Deal With Celldex
Friday, September 3, 2010, 10:11 am ET; Source: Associated Press via Yahoo!
Pfizer Inc. is pulling out of a development deal with Celldex Therapeutics Inc. on a potential brain cancer drug, saying it is not a strategic priority, Celldex said.
Celldex Plunges; Drug Stock Indexes Climb
Friday, September 03, 2010, 10:30 am ET; Source: MarketWatch.com
Celldex Therapeutics shares plunged in early trading Friday after the biotech group announced that Pfizer Inc. was pulling out of a pact to develop Celldex's cancer vaccine CDX-110.
Celgene Seeks to Stop Natco's Generic Revlimid
Friday, September 3, 2010, 11:49 am ET; Source: Reuters via Yahoo!
Celgene Corp said it plans to file a complaint alleging infringement against India's Natco Pharma Ltd, which has submitted a request to the U.S. Food and Drug Administration for authorization to make and sell generic versions of Celgene's cancer drug Revlimid in the United States.
Abbott Halts Sale of Flu Vaccine Business
Friday, September 03, 2010, 5:57am ET; Source: The New York Times
Abbott Laboratories has called a halt to the sale of its European flu-vaccine unit because of a dissapointing run of initial bids, The Wall Street Journal reported.
Genzyme's Termeer, Biotechnology Pioneer, May Sell
Wednesday, September 1, 2010, 4:16pm ET; Source: Bloomberg News
Henri Termeer, a biotech industry pioneer and chief executive officer at Genzyme Corp., is on the verge of losing control of the company he transformed from a start-up in 1983 into a cutting-edge drugmaker with $4.5 billion in annual sales.
Healthcare Technology
Allscripts Merges with Eclipsys
Friday, September 3, 2010, 8:58 am ET; Source: Zacks Equity Research via Yahoo!
Allscripts Healthcare Solutions Inc., a leading vendor focused on healthcare information technology, has announced the completion of its merger with peer Eclipsys Corporation.
Behavioral Health
Professional Research on DaVita and Psychiatric Solutions - Healthy Industry
Friday, September 3, 2010, 8:41 am ET; Source: Marketwire via Yahoo!
Companies in the Specialized Health Services industry are posting strong quarterly earnings reports, proving to be more recession proof than other industries.
Retail Healthcare
Pharmacy Chain Walgreen, Omnicare Trade Businesses
Friday, September 3, 2010, 10:24 am ET; Source: Associated Press via Yahoo!
Walgreen Co., the biggest U.S. drugstore chain, said Friday it will acquire the home infusion business of Omnicare Inc. in exchange for its long-term care pharmacy business.
Walgreen Same-Store Sales Miss Expectations
Friday, September 3, 2010, 9:15 am ET; Source: Reuters via Yahoo!
Walgreen Co. posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic.
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