Month: July 2011

FDA Approval

Novartis Receives FDA Approval for Arcapta™ Neohaler™, a Novel Once-Daily Bronchodilator for Chronic Obstructive Pulmonary Disease

July 1, 2011 0

Novartis Receives FDA Approval for Arcapta™ Neohaler™, a Novel Once-Daily Bronchodilator for Chronic Obstructive Pulmonary Disease – Arcapta is the only once-daily long-acting beta2-agonist (LABA) approved in US for maintenance treatment of airflow obstruction in patients with COPD – Clinical studies with Arcapta showed sustained improvement in lung function; improvements were seen at 5-minutes after first dose – Arcapta is approved with data demonstrating improvements in health-related quality of life – COPD is a progressive and life-threatening lung disease that affects more than 12 million Americans and is a major cause of long-term disability PR Newswire EAST HANOVER, N.J., July 1, 2011 EAST HANOVER, N.J. , July 1, 2011 /PRNewswire/ — Novartis announced today that the US Food and Drug Administration (FDA) has approved once-daily Arcapta™ Neohaler™ (indacaterol inhalation powder) 75 mcg for the long-term maintenance bronchodilator treatment of airflow obstruction in patients with chronic obstructive pulmonary disease (COPD), including chronic bronchitis and/or emphysema. Arcapta is not indicated for acute deteriorations of COPD or to treat asthma […]

Stock Analysts

Regal to Replace Credit Facility (RBC)

July 1, 2011 0

Regal Beloit Corporation ( RBC ) recently completed its $500 million five-year unsecured revolving credit facility for general corporate purposes. This new facility will replace the previous credit facility of $500 million, which is due to expire in April 2012. […]

Mergers & Acquisitions

Berkery Noyes Releases First Half M&A Report for the Software Industry

July 1, 2011 0

Berkery Noyes Releases First Half M&A Report for the Software Industry PR Newswire NEW YORK, July 1, 2011 NEW YORK , July 1, 2011 /PRNewswire/ — Berkery Noyes , the leading independent investment bank specializing in the information content and technology industries, today released its Half Year Mergers and Acquisitions Trends Report for the Software Industry. The report analyzes merger and acquisition activity in the Software Industry in the first half of 2011 and compares it with activity in the four previous sixth-month periods from 2009-2010. […]

Stock Analysts

UNH Spends More on Lobbying (AET) (CI) (UNH)

July 1, 2011 0

In a bid to lobby the Federal Government, Minnesota-based health insurer UnitedHealth Group ( UNH ) spent $660,000 during the first quarter of 2011, which was in line with the comparable period last year but up 14% sequentially. Lobbying is an activity usually paid by an interest group to promote its position to legislatures by influencing opinion leaders, thereby creating a climate for the change they desire. UnitedHealth lobbied on the Dodd-Frank Wall Street Reform and Consumer Protection Act, the health care overhaul and Medicare issues. […]

Stock Analysts

Endo’s Back Pain Drug Disappoints (CEPH) (ENDP) (PFE)

July 1, 2011 0

Endo Pharmaceuticals ( ENDP ) recently suffered a pipeline setback with its candidate axomadol performing disappointingly in a mid-stage trial (n=236). Top line results from the study revealed that Endo Pharma’s candidate failed to meet the predetermined end points. The randomized, double blind, two-arm, placebo-controlled study evaluated the candidate in patients suffering from moderate-to-severe chronic low back pain […]

Stock Analysts

Cognizant Funds IT Program (CTSH)

July 1, 2011 0

Leading IT services provider Cognizant Technologies ( CTSH ) joined up with New-York based NPower, an organization which connects other non profit organizations to the best and most affordable IT through a range of managed servi ces , consulting and skilled IT volunteer programs, while also providing IT training to young adults. Cognizant has undertaken a three-year financial commitment to support NPower across its entire line of services and programs. […]

Stock Analysts

Terreno Purchases Savage Property (FUR) (TRNO)

July 1, 2011 0

Terreno Realty Corporation ( TRNO ), a real estate investment trust (REIT), has recently acquired an industrial building in Savage, Maryland, for approximately $7.5 million. The acquisition is part of the long-term strategy of the company to continue owning functional and flexible buildings in infill locations that can be modified to accommodate single and multiple tenants at discounts to replacement cost. The acquired property spanning 99,000 square feet of space is presently 100% leased to a single tenant […]

Stock Analysts

Rise In Gas Supplies Decelerates (APC) (CHK) (DVN) (ECA) (HAL) (HP) (MHP) (NBR) (PTEN)

July 1, 2011 0

The U.S. Energy Department's weekly inventory release showed a smaller-than-expected build-up in natural gas supplies on the back of increased domestic gas consumption, partially offset by a light weather load. The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, latest storage level estimates, recent weather data and other market activity or events. […]