Trimeris deal hits major snag
The proposed $81 million acquisition of AIDS drug company Trimeris is in jeopardy.
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The Triangle's largest biotechnology company has chosen its massive Clayton plant to expand production and add hundreds of jobs in coming years.
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The proposed $81 million acquisition of AIDS drug company Trimeris is in jeopardy.
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GlaxoSmithKline won approval from U.S. regulators to sell its vaccine to fight H1N1, making it the last major drug manufacturer to receive clearance in this country.
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As federal regulators take tentative steps toward policing the wild west of medical information online, pharmaceutical companies are pressing their case to market drugs via Google, Twitter and other Web sites.
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Computers:
The multiple computer problem is getting to be one many of us have.
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Mary Cornatzer, business editor
(919) 829-4755
Alan Wolf, assistant business editor
(919) 829-4572
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Talecris Biotherapeutics, which began trading publicly last month, reported higher third-quarter profit as the company sold more medicine made from blood plasma.
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The company - which last month announced it plans to hire hundreds of workers at its Durham manufacturing plant - on Monday said that it is expanding in China to make more LEDs.
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Salix Pharmaceuticals reported stronger third-quarter sales of its drugs to treat various gastrointestinal diseases.
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Pfizer plans to lay off 170 researchers in Sanford and Morrisville as part of a larger restructuring that follows the drug maker's $68 billion acquisition of Wyeth last month.
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Cleaning up:
Did you know that dust and dirt buildup can harm your computer and possibly shorten its lifespan? Yes, that piece of equipment that you can barely get through the day without needs TLC just like the other objects in your home.
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Sales at Morrisville-based Harris Stratex slumped 39 percent in the latest quarter.
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PowerSecure International, the Wake Forest energy services company, took a financial hit in the third quarter as it shifts to new lines of business.
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Strong PC shipments in China powered Lenovo to better-than-expected profits in the latest quarter, reversing three consecutive money-losing quarters.
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Inspire Pharmaceuticals reported a narrower loss in the third quarter because of double-digit revenue growth.
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Inspire Pharmaceuticals reported a narrower loss in the third quarter thanks to double-digit revenue growth.
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Tekelec posted another strong quarter Wednesday, largely driven by a recovery in sales in North America.
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Cree's very good year has gotten just a bit better.
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Cisco Systems is forecasting revenue growth for the first time in a year, offering further evidence that orders are rising again after passing what CEO John Chambers called a "tipping point" in the downturn this summer.
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Tekelec posted another strong quarter as the Morrisville telecommunications gear company continues beating analyst expectations and defying the recession.
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Lulu.com, the Raleigh-based online book publisher is now selling electronic books by traditional authors.
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