Panel Recommends FDA Approval of Remicade Knockoff

Related Link: 

An advisory panel to the FDA voted to recommend the agency approve the sale of a knockoff version of J&J’s arthritis drug Remicade, which had U.S. sales of $4.45 billion last year. The copy was developed by Celltrion and licensed to Pfizer.

Sanofi Is Forced to End Latest Diabetes Effort

Related Link: 

French drugmaker Sanofi has ended a licensing pact with MannKind for the rights to sell Afrezza, saying the insulin inhaler for diabetes care was unlikely to reach even the lowest patient levels anticipated.

Deutsche Bank: No Liquidity Crisis but Capital Fears Are Right

Related Link: 

It will not take much to knock the German bank’s plan off course, which could stop payouts to equity and junior debt investors.

Canadian Pacific Abandons Threat of Proxy Fight for Norfolk Southern

Related Link: 

Canadian Pacific Railway has abandoned its threat of a proxy battle to replace directors at takeover target Norfolk Southern, opting instead for a less confrontational strategy of seeking shareholder support for friendly merger talks.

Fortis to Buy ITC Holdings for About $6.9 Billion

Related Link: 

Canadian utility operator Fortis agreed to buy U.S. electricity-transmission company ITC Holdings for about $6.9 billion in cash and stock.

Blast From the Past: Gasoline Costing a Mere $1 a Gallon

Related Link: 

Gasoline could return to $1 a gallon for the first time since the 1990s amid the continuing decline in crude-oil prices, a growing fuel glut and seasonal refining shifts.

Another IPO Delayed Amid Market Tumult

Related Link: 

Airport-concessions operator OTG EXP postponed its planned initial public offering Tuesday, the latest company to delay tapping stock investors amid widespread financial-market turmoil.

US Foods Files for IPO of About $100 Million

Related Link: 

US Foods Holding Corp. filed plans for a roughly $100 million initial public offering of its shares, following its failed effort to be acquired by Sysco Corp.

Economic Tumult to Color Janet Yellen's House Testimony

Related Link: 

When Fed Chairwoman Janet Yellen speaks to House lawmakers Wednesday, she’ll assess a mixed economic landscape that has made officials more cautious about raising interest rates again next month.

Whole Foods Boss Calls Himself a 'Pusher Leader'

Related Link: 

Boss Talk: Whole Foods Markets has spent much of the past year fighting slower growth and negative headlines. In an interview, co-CEO Walter Robb discusses its candid culture and what’s ahead for the grocery business.

Syndicate content