Written on June 30, 2011 by Maragaret Harrison
–Xarelto enters competitive but potentially large market for new anticoagulants
–FDA approves Xarelto after 2-year delay in which it sought more information
–J&J to charge $6.75 per day of treatment
The U.S. Food and Drug Administration approved a new drug to prevent blood clots that was co-developed by Johnson & Johnson and Bayer AG .
The clearance of the anticoagulant Xarelto is the latest development in an emerging battle among major drug companies including Pfizer Inc. over what is expected to become a multibillion-dollar market for new blood thinners treating cardiovascular conditions, which may replace older drugs, including warfarin.
Xarelto has been available in Europe since 2008, but the FDA in 2009 declined to approve it because the agency wanted more information. J&J said in January it submitted the requested information, clearing the way for the FDA’s green light.
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Written on June 30, 2011 by Douglas R
AUCTIONEER Eddisons has reported record proceeds from its latest North West sale.
The company says it generated £6.7m from the Manchester sale as 83 of 107 lots were sold.
Among the successful lots was a fully tenanted freehold retail property in Lime Street, Liverpool.
The building, which generates an annual income of £20,000, sold for £180,000 – a return of over 11%.
Andrew Brown, of Eddisons, said: “In terms of total proceeds, this is the best sale we have ever held in the North West.
“The sale room was packed to the rafters with around 400 people. We had people queuing out of the door, I have never seen anything quite like it.
“Buyers are generally looking for rental returns of around the 10% mark.”
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Written on June 30, 2011 by Maragaret Harrison
From left: Leah Rusenko, Conestoga High School; Madelyn Gold, Lower Merion High School; Emily Wilson, Perkiomen Valley High School; Fran Fusco, Continental Bank Foundation President; Cassandra Thompson, Archbishop Carroll High School; Victoria Macatee, W.B. Saul High School; David Nagel, Pope John Paul II High School; and Christina Taormina, Plymouth Whitemarsh High School.
PLYMOUTH MEETING — The Continental Bank Foundation has presented $500 scholarships to 11 graduating seniors from area high schools.
Qualified area high school seniors receiving the Continental Bank Foundation Scholarships will use the funds for furthering their education at a college, university or vocational/technical school.
The awards are given to students of selected schools in the communities where Continental Bank has a branch presence. I
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Written on June 29, 2011 by Maragaret Harrison
AP Photo Quality control chemists Adam Laber, front, Nathan Roberge, left, and Scott Lorimer, right, analyze date at Ultra Scientific Analytical, a company that develops water purification standards and testing, in North Kingstown, R.I., Wednesday. The company is looking to add 15 to 20 employees to the 49 currently employed over the next year but is having difficulty finding qualified workers.
PROVIDENCE, R.I. — John Russo’s chemical lab in North Kingstown has been growing in recent years, even despite a deflated economy, and he expects to add another 15 to 20 positions to his 49 employees over the next year.
But the president of Ultra Scientific Analytical Solutions has found himself in a vexing spot, struggling to fill openings that require specialized training in a state where the jobless rate is close to 11 percent, the third-highest in the nation.
“It’s very difficult to find the right person, and there’s all walks of life trying to find jobs. I
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Written on June 29, 2011 by Douglas R
More than a third of UK employees take business calls on holiday, with top level management and the over-65s being the guiltiest of never switching off from work, research finds.
Men are 66 per cent more likely than women to pick up a call, according to research of more than 1,000 workers commissioned by telecoms company Gradwell.
A significant 30 per cent of respondents admitted to actively making calls while on annual leave.
Workers in the capital are the most likely to make or receive calls whilst on holiday, closely followed by those in the South West.
The high proportion of people picking up the phone suggests that businesses are putting some pressure on staff to work during holidays, according to Gradwell.
Gradwell managing director Peter Gradwell says, ‘It is very difficult, particularly in managerial positions, to cut yourself off from the office, especially if you’re staying in the country. It
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Written on June 28, 2011 by Nicole Hopkins
As I blogged last week, the government has yet to distribute a single dime of the $30 billion approved through the Small Business Lending Fund in December. But as proven by the Thomson Reuters/PayNet Small Business Lending Index, that hasnt stopped small businesses from borrowing, and borrowing big. U.S. small businesses set a record pace for borrowing in May, up 26 percent from the same time last year. Thats the highest rate of borrowing among small businesses since July 2008.
This is exciting news indeed, as small businesses account for an estimated 80 percent of new hires, which the economy desperately needs to combat unemployent that continues to hover above 9 percent.
In fact, the Thomson Reuters/PayNet Small Business Lending Index has proven itself capable of predicting overall economic developments two to five months in advance.
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