kleopatraxnibe.blogspot.com
million from $56.8 million in the prior-year The Miami-based IT infrastructure servicesprovidedr (NASDAQ: TMRK) said net incom e for the quarter ended March 31 was $3.5 million, or 6 centss a share, up from a loss of $2.6 or 5 cents a share, the year before. Thougn revenue fell short of the $74.2 million analysts the company beat the consensus fornet income; analysts were expectinfg a penny a share. Revenue for the full year was $250.t million, up from $187.4 million in the previouxs year.
“As our company headas into fiscal 2010, we believs our robust pipeline and the consistently strongv customer demand for our products and services will continue to drivdstrong results,” Chairman and CEO Manuelp D. Medina said in a news release. Terremark said it had recored bookings during thefourth quarter, logging $31.8 million of new annuak contract value. The company is in the blaclk after years ofsteady losses.
Terremark has managed to consistentl grow revenue and has been aggressively pursuing federalgovernmentr contracts, a strong suit for the With a growing facility in suburban Washington, that caters to government the company expects to benefitr from federal stimulus dollars. During the fourt h quarter, the federal government accounted for 30 percenof Terremark’s total Medina said during a conference call Tuesday That’s a 76 percent year-over-yeadr increase in government “I have never been more optimistic abourt the visibility and size of our government pipeline,” Medin a said.
“Terremark Worldwide is enjoyinv strong visibility into fiscalyear 2010, coming into the year with the highesyt backlog in the company’s history,” analysta wrote in a May 4 report. “The ability to service new government contracts and partnerships with most of the larges federal contractors should also provide strategic alternatives for management as they look to continued their capacitygrowth [at the suburban Washington, D.C., location].” Just priorr to its earnings announcement, Terremarl said Palo Alto, Calif.
-based would acquirw about 5 percent of its Under the agreement, the virtualizatiob and cloud-computing specialist will purchase 4 million sharesz of newly issued Terremark common stock at $5 a for a total investment of $20 million. For the first quarter of fiscapyear 2010, Terremark said it expects revenu e from $63 million to $66 For the full fiscal year, the company projects revenue betweenm $290 million and $300 million. Shares closed up 33 centsa to $4.80. The 52-week high was $7.67 on 8. The 52-week low was $1.85 on Marcbh 9.
Monday, February 28, 2011
Saturday, February 26, 2011
Belton B. (Beck) Cox - Adrian Daily Telegram
mesiaipuhuni1981.blogspot.com
Belton B. (Beck) Cox Adrian Daily Telegram During his 25-plus years in Michigan, Beck was employed by Driggs Dairy, Stubnitz-Greene, Peerless Gear, Hancock Industries and Sears. He is survived by his wife, Kathleen Cox; daughter, Wanda (Ronald) Foley, and granddaughter, Caroline Foley, ... |
Wednesday, February 23, 2011
Medtronic
http://snagahouse.com/outrageous-forex-platform-to-borrow-in-europe-next-month.html
million to competitor for damages related to a patengt infringement verdict from a federalCircuitt Court. The court reviewesd a December2007 verdict, which claimed that Medtronix (NYSE: MDT) had infringed on DePuy’s patent of a line of multiaxiak screws used in spinal surgery. The court affirmed a $149. million award for lost profits. But the court reversed previous sanctions, which droppecd $77.2 million in outright damages and $10.5 millioj in attorneys’ fees and other costs. The Vertex line of screwas is no longer onthe market.
Memphis-based Medtronix Spinal and Biologics business presidentg Steve La Neve said therulinvg “has no bearing on our current Verte Select and OC Systems,” which are other spinal The case will now be remanded to a trialp court for calculation of the reduced judgment, which will includr amounts both for post-judgment and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’s largest medical device company. Its spinal and biologics business unitxs are based in Memphis where itemploys 1,550.
million to competitor for damages related to a patengt infringement verdict from a federalCircuitt Court. The court reviewesd a December2007 verdict, which claimed that Medtronix (NYSE: MDT) had infringed on DePuy’s patent of a line of multiaxiak screws used in spinal surgery. The court affirmed a $149. million award for lost profits. But the court reversed previous sanctions, which droppecd $77.2 million in outright damages and $10.5 millioj in attorneys’ fees and other costs. The Vertex line of screwas is no longer onthe market.
Memphis-based Medtronix Spinal and Biologics business presidentg Steve La Neve said therulinvg “has no bearing on our current Verte Select and OC Systems,” which are other spinal The case will now be remanded to a trialp court for calculation of the reduced judgment, which will includr amounts both for post-judgment and pre-judgment interest on the Based outside of Minneapolis, Medtronic is the world’s largest medical device company. Its spinal and biologics business unitxs are based in Memphis where itemploys 1,550.
Monday, February 21, 2011
Phoenix attorney Kaites, former Expos, Nationals president part of Reinsdorf bid for Coyotes - Triangle Business Journal:
steel roof tiles
Reinsdorf, who owns the Chicagok Bulls andWhite Sox, is the lead name on the $148 millionh offer for the team, whicyh is in Chapter 11 bankruptcy reorganization. Canadian billionaire Jim Balsillie earlier madea $213 million offer to buy the hockey team and move it to Ontario. Reinsdorf put in his bid Fridayu alongwith Kaites. Bankruptcy court filingsa say Tavares, CEO of New York-basedr Sports Properties Acquisition Corp., will join the effort. Kaite s is an attorney with LLC in Phoenix and a principao withthe Phoenix-based lobbying firm .
The firm counta Reinsdorf, the Gila River Indian Community, Magellan Healthy Services and the Professional Firefighters of Arizona unionn amongits clients, accordiny to the Arizona Secretary of State’s Kaites served as a prosecutor in Maricopsa County Attorney’s office before unsuccessfully runningg for state attorney general in 1998. He also serves in the Arizona Legislature and worked as a weathermanon KPNX-TV Channel 12. Kaites has been a political allyof U.S. Sen. John R-Ariz., serving on his 2008 Arizona presidential campaign leadership team in Tavares served as president of the Montreal Expos durintg the time when the baseball team relocatedx toWashington D.C.
and became the Nationals.
Reinsdorf, who owns the Chicagok Bulls andWhite Sox, is the lead name on the $148 millionh offer for the team, whicyh is in Chapter 11 bankruptcy reorganization. Canadian billionaire Jim Balsillie earlier madea $213 million offer to buy the hockey team and move it to Ontario. Reinsdorf put in his bid Fridayu alongwith Kaites. Bankruptcy court filingsa say Tavares, CEO of New York-basedr Sports Properties Acquisition Corp., will join the effort. Kaite s is an attorney with LLC in Phoenix and a principao withthe Phoenix-based lobbying firm .
The firm counta Reinsdorf, the Gila River Indian Community, Magellan Healthy Services and the Professional Firefighters of Arizona unionn amongits clients, accordiny to the Arizona Secretary of State’s Kaites served as a prosecutor in Maricopsa County Attorney’s office before unsuccessfully runningg for state attorney general in 1998. He also serves in the Arizona Legislature and worked as a weathermanon KPNX-TV Channel 12. Kaites has been a political allyof U.S. Sen. John R-Ariz., serving on his 2008 Arizona presidential campaign leadership team in Tavares served as president of the Montreal Expos durintg the time when the baseball team relocatedx toWashington D.C.
and became the Nationals.
Friday, February 18, 2011
Crescent Resources files Chapter 11 - Triangle Business Journal:
rubber roof
Crescent and its subsidiariexs were saddled with morethan $1 billion in according to bankruptcy filings. The Charlotte-basedx development firm’s chief executive, Arthufr Fields, has retired and will work with Crescengt in anadvisory capacity, the company says. Andrew Crescent’s chief restructuring has beennamed CEO. “We have been in actives discussions with our lenders and othere stakeholders as we work towards an agreemenyt that will bring our capitaol structure in line with the currentfeconomic environment,” Hede says. Crescent has more than 5,000 according to its filing. Its assets are estimatex at morethan $1 billion.
Crescent says it intenda to operate its continuing businesses without any significant interruptio n during therestructuring process. The company says that’s possibl e because of a recentlyobtained debtor-in-possession financing facilitgy of $110 million from a group of its existing lenders. As part of the Chapteer 11 filing, Crescent says it seeks court approval “to make certain payments and to maintain key agreementswith employees, vendors and partners of continuingy operations to ensure the company can maintain its commitmenf to delivering a high level of amenitiesa and services.
” Crescent says the filinhg is necessary to reorganize its finances, reduce its debt levelp and improve its capital structure. “We intend to reach an agreement on our new capital structure and emergs frombankruptcy quickly,” Hede A hot line has been set up as part of the Cresceng restructuring at (877) 204-8611. The Chapter 11 petitions were filedd inthe U.S. Bankruptcy Court in the Western District of Austin division. The company has 120 days from the filint date to submit a reorganization A hot line has been set up as part of the Crescenr restructuringat (877) 204-8611.
Attorneyt Eric Taube of LLP in Texas, will represent Crescent in the Thecompany — jointly owned by and — is best know n in the Charlotte area for high-end real estat e communities such as The Peninsula and Ballantyne Country Club. In the Raleigh-Durhak area, Crescent developed the 588-acr Hidden Lake gated community in Youngsville andthe 400-acrs The Parks at Meadowview communityt in Pittsboro. Before the Chapter 11 filing, Crescent facedf payments on its debtof $50 milliojn by the end of this year, $75 millionn in 2010 and $100 million in 2011.
Duke formed Crescent in 1969 to develo property it acquired through its core utilit business thatit didn’t need for power In September 2006, Duke entered into a joint venture with Morga Stanley Real Estate. Morgan paid Duke $415 million in cash and assumedf $656 million in debt for its stake in the thenworth $2.1 billion. As part of the transactioj Crescentborrowed $1.2 billion and distributec the proceeds to Duke to transfer the debt off Duke’e balance sheet. Duke and Morgan Stanley each have a 49 percenty stakein Crescent.
The remaining 2 percent interest inCresceng — which would have been wortb $42 million when the deal closecd — was issued to former CEO Fields. The disposition of that interestr will be determined through the reorganization according to a spokesmafor Crescent. Duke no longer reports Crescent’ss financial results, but its own filings, and thos e from Morgan Stanley, shed light on Crescent’sd financial troubles.
Crescent and its subsidiariexs were saddled with morethan $1 billion in according to bankruptcy filings. The Charlotte-basedx development firm’s chief executive, Arthufr Fields, has retired and will work with Crescengt in anadvisory capacity, the company says. Andrew Crescent’s chief restructuring has beennamed CEO. “We have been in actives discussions with our lenders and othere stakeholders as we work towards an agreemenyt that will bring our capitaol structure in line with the currentfeconomic environment,” Hede says. Crescent has more than 5,000 according to its filing. Its assets are estimatex at morethan $1 billion.
Crescent says it intenda to operate its continuing businesses without any significant interruptio n during therestructuring process. The company says that’s possibl e because of a recentlyobtained debtor-in-possession financing facilitgy of $110 million from a group of its existing lenders. As part of the Chapteer 11 filing, Crescent says it seeks court approval “to make certain payments and to maintain key agreementswith employees, vendors and partners of continuingy operations to ensure the company can maintain its commitmenf to delivering a high level of amenitiesa and services.
” Crescent says the filinhg is necessary to reorganize its finances, reduce its debt levelp and improve its capital structure. “We intend to reach an agreement on our new capital structure and emergs frombankruptcy quickly,” Hede A hot line has been set up as part of the Cresceng restructuring at (877) 204-8611. The Chapter 11 petitions were filedd inthe U.S. Bankruptcy Court in the Western District of Austin division. The company has 120 days from the filint date to submit a reorganization A hot line has been set up as part of the Crescenr restructuringat (877) 204-8611.
Attorneyt Eric Taube of LLP in Texas, will represent Crescent in the Thecompany — jointly owned by and — is best know n in the Charlotte area for high-end real estat e communities such as The Peninsula and Ballantyne Country Club. In the Raleigh-Durhak area, Crescent developed the 588-acr Hidden Lake gated community in Youngsville andthe 400-acrs The Parks at Meadowview communityt in Pittsboro. Before the Chapter 11 filing, Crescent facedf payments on its debtof $50 milliojn by the end of this year, $75 millionn in 2010 and $100 million in 2011.
Duke formed Crescent in 1969 to develo property it acquired through its core utilit business thatit didn’t need for power In September 2006, Duke entered into a joint venture with Morga Stanley Real Estate. Morgan paid Duke $415 million in cash and assumedf $656 million in debt for its stake in the thenworth $2.1 billion. As part of the transactioj Crescentborrowed $1.2 billion and distributec the proceeds to Duke to transfer the debt off Duke’e balance sheet. Duke and Morgan Stanley each have a 49 percenty stakein Crescent.
The remaining 2 percent interest inCresceng — which would have been wortb $42 million when the deal closecd — was issued to former CEO Fields. The disposition of that interestr will be determined through the reorganization according to a spokesmafor Crescent. Duke no longer reports Crescent’ss financial results, but its own filings, and thos e from Morgan Stanley, shed light on Crescent’sd financial troubles.
Wednesday, February 16, 2011
Madison schools will close Wednesday due to 'excessive staff absences' - Madison.com
pohevovotybuc.blogspot.com
WISC Madison | Madison schools will close Wednesday due to 'excessive staff absences' Madison.com "Due to substantial concerns of excessive staff absences, the Madison School District is forced to close » |
Sunday, February 13, 2011
Valentine pet adoptions come with a sweetener - Modesto Bee
efimtsovavadan.blogspot.com
TribLocal | Valentine pet adoptions come with a sweetener Modesto Bee The Yolo County Sheriff's Department Animal Services Section is offering a special incentive to people adopting pets the day after Valentine's Day. ... Animal shelters also affected by economic downturn Pets of the Week: Pets available for adoption in the Saginaw area Want for a four-legged pet for Valentine's Day? Check out Corona Animal Shelter |
Friday, February 11, 2011
Times-Union to offer voluntary buyouts - Jacksonville Business Journal:
http://youghallifeboat.org/press.htm
The buyouts, which would pay employees who voluntarily is just one of the changes beingh considered by the parent company of the Jacksonvillredaily newspaper, Company LLC, said Publisher Jim “We’re literally looking at everything,” Currowq said. “ There’s nothing that’d not on the table.” Like many large metropolitan dail newspaper companies around the revenue at the Morries Communications has been on a downwars slide forsome time. The company’s net incomse was down 59 percentto $2 million in the quarterr ending June 30 from $4.9 million during the same perioc last year, according to a quarterly reporg filed with the SEC.
“Times are tough rightg now,” Currow said, adding that the dropping real estatre market and increasing unemployment fueledthe company’s own financiap issues. But the bottom line for Morri s Communications, as at other newspapers, is that the effectz of the economic downturn have take a toll on advertising Morris Communications’ Florida newspapers and publications, which accountexd for 35.6 percent of its total advertising contributed 64.1 percent of its entire net declinre in advertising revenue in the firsft half of 2008. In the past year the Augusta, Ga.
-based company has started contracting out much ofthe Times-Union’s advertising lay out to a compant in Manila, and is now starting to do the same for some of the advertisinv at its Savannah and Augustaa newspapers. And two months ago, Morris Communications joined a growing number of large dailies by outsourcing its fleeyt of delivery trucks to Althoughhe didn’t know exactlu how many, Currow said Penske hired many of Morriz Communications’ drivers. Some employees have been laid off. In the firstf half of 2008, Jacksonville eliminatee 124 employees, with a total annualk salary and wage savings ofabout $2.5 million.
Severancs costs totaled $600,000 duringb the same period, most of which came from outsourcing ad productionn and a transfer of some othe departments to shared servicesin Augusta. The compan y is looking at other avenues to save Currow said, including finding smallere spaces to house the Nassau Count y and Clay County bureaus of the Times-Union.
The buyouts, which would pay employees who voluntarily is just one of the changes beingh considered by the parent company of the Jacksonvillredaily newspaper, Company LLC, said Publisher Jim “We’re literally looking at everything,” Currowq said. “ There’s nothing that’d not on the table.” Like many large metropolitan dail newspaper companies around the revenue at the Morries Communications has been on a downwars slide forsome time. The company’s net incomse was down 59 percentto $2 million in the quarterr ending June 30 from $4.9 million during the same perioc last year, according to a quarterly reporg filed with the SEC.
“Times are tough rightg now,” Currow said, adding that the dropping real estatre market and increasing unemployment fueledthe company’s own financiap issues. But the bottom line for Morri s Communications, as at other newspapers, is that the effectz of the economic downturn have take a toll on advertising Morris Communications’ Florida newspapers and publications, which accountexd for 35.6 percent of its total advertising contributed 64.1 percent of its entire net declinre in advertising revenue in the firsft half of 2008. In the past year the Augusta, Ga.
-based company has started contracting out much ofthe Times-Union’s advertising lay out to a compant in Manila, and is now starting to do the same for some of the advertisinv at its Savannah and Augustaa newspapers. And two months ago, Morris Communications joined a growing number of large dailies by outsourcing its fleeyt of delivery trucks to Althoughhe didn’t know exactlu how many, Currow said Penske hired many of Morriz Communications’ drivers. Some employees have been laid off. In the firstf half of 2008, Jacksonville eliminatee 124 employees, with a total annualk salary and wage savings ofabout $2.5 million.
Severancs costs totaled $600,000 duringb the same period, most of which came from outsourcing ad productionn and a transfer of some othe departments to shared servicesin Augusta. The compan y is looking at other avenues to save Currow said, including finding smallere spaces to house the Nassau Count y and Clay County bureaus of the Times-Union.
Tuesday, February 8, 2011
New Company Helps the Local Flower Shops Take On the Big Wire Services - Online PR News (press release)
dudorovanaapyh.blogspot.com
Online PR News (press release) | New Company Helps the Local Flower Shops Take On the Big Wire Services Online PR News (press release) When the consumer orders a flower arrangement for $35.00 with the $15.00 wire fee, the total for the arrangement becomes $50.00. ... |
Sunday, February 6, 2011
Sparkart cranks the volume on bands
grearqakususi1426.blogspot.com
Not much — except that their web sitese are all the work of web maestro and serial entrepreneure Naveen Jain andhis .com. Founded by Jain in 1999, Oakland-based Sparkart is a full-servicw digital agency, specializing in the musif industry, which manages web site designn and branding with its Clique Tools Accordingto Jain, Clique Tools is a key part of success at the 35-personh company: “Most platforms force you to do thinge in a cookie-cutter way. (but) our system is very creative-friendly and develops web sites that are totally Through the software and close collaboration with Jain has grownthe company’ds revenue 42 percent over the past three years to $7.
1 milliob in 2008. Though eagere for more growth, CEO Jain currentl has 40 clients and continues to addclientse slowly. “Every client we take on is a risk becaus e you never know how the relationshilp is going toturn out,” he “so we’re trying to be smart aboutt how many clients we take on so we can continues to provide excellent services, because as soon as we providde something that sucks we’re going to fail.” In any good relationships with clients are but in the entertainment business, bad ones quickly becomee a battle of titans. “In entertainment, sometimes the personalities are just as volatilew as they appear to Jain said.
“Sometimes you can believre what getsprinted (in the tabloids).” Although many of Sparkart’ds clients are musicians, the client base has growh to include other types of entertainers, including magician Cris comedian Denis Leary and online store It has also worked with companiesz like the Ultimate Fightintg Championship and organic skincare line Pangea Sparkart looks for clients who are persistent and passionate and who are lookint for a partner rather than simplyt a vendor.
“We reallg take the time to understaneour clients, we try to understand how they want to presen themselves and what their aesthetic preferenced are, and once we get in their we try to represent that,” he Jain said he is sometimes invited to boarr meetings because his employees are considered part of their client’s team. Sparkart and MetroPark, for instance, have a partnership-stylwe agreement that lets Sparkart get a share of what is sold througgh theonline store, but Jain woulcd not disclose details of the deal. Jain’s 35-person shop has spliy into engineering, creative and administrative teams.
The Sparkarg team not only helps to design web sitew for theirmany clients, they also act as counselors for the technologicallty illiterate — “when clients don’t understand how the onlinse world works, we explain ... what’xs happening, what techniques work from a marketing perspective, which companiese to partner with,” said Jain. This team of nocturnalo techies is led byJain himself, a 28-year-old San Franciscoi native who founded Sparkart when he was only 18.
Jain studiefd computer science at Purdue University in Indiana but droppedx out becausehe couldn’t handle the Midwestern He continued his studies at Santa Rosa Communityu College, but when Sparkart took off, he left to manage it full Sparkart is the firsft of four entertainment companies Jain founded or co-foundee — vDream Inc., Clique Here NKJ LLC — and has helped some of his other startupsz get their break.
VDream, a Facebook car racing application that lets users buy and race uses Sparkart’s Clique Tools as its As for Sparkart’s Echo Music was bought by Ticketmaster and MusicToday was boughtt by LiveNation, leaving Jain’s company as one of the few small, independent firms in this “They have far better resourced and more capital, so that’sd an everyday challenge,” Jain said. “But we are one of the few who are focused on theweb — we’re not tryingf to promote concerts — and the focused peoplde are the people who I think are goinvg to win.
”
Not much — except that their web sitese are all the work of web maestro and serial entrepreneure Naveen Jain andhis .com. Founded by Jain in 1999, Oakland-based Sparkart is a full-servicw digital agency, specializing in the musif industry, which manages web site designn and branding with its Clique Tools Accordingto Jain, Clique Tools is a key part of success at the 35-personh company: “Most platforms force you to do thinge in a cookie-cutter way. (but) our system is very creative-friendly and develops web sites that are totally Through the software and close collaboration with Jain has grownthe company’ds revenue 42 percent over the past three years to $7.
1 milliob in 2008. Though eagere for more growth, CEO Jain currentl has 40 clients and continues to addclientse slowly. “Every client we take on is a risk becaus e you never know how the relationshilp is going toturn out,” he “so we’re trying to be smart aboutt how many clients we take on so we can continues to provide excellent services, because as soon as we providde something that sucks we’re going to fail.” In any good relationships with clients are but in the entertainment business, bad ones quickly becomee a battle of titans. “In entertainment, sometimes the personalities are just as volatilew as they appear to Jain said.
“Sometimes you can believre what getsprinted (in the tabloids).” Although many of Sparkart’ds clients are musicians, the client base has growh to include other types of entertainers, including magician Cris comedian Denis Leary and online store It has also worked with companiesz like the Ultimate Fightintg Championship and organic skincare line Pangea Sparkart looks for clients who are persistent and passionate and who are lookint for a partner rather than simplyt a vendor.
“We reallg take the time to understaneour clients, we try to understand how they want to presen themselves and what their aesthetic preferenced are, and once we get in their we try to represent that,” he Jain said he is sometimes invited to boarr meetings because his employees are considered part of their client’s team. Sparkart and MetroPark, for instance, have a partnership-stylwe agreement that lets Sparkart get a share of what is sold througgh theonline store, but Jain woulcd not disclose details of the deal. Jain’s 35-person shop has spliy into engineering, creative and administrative teams.
The Sparkarg team not only helps to design web sitew for theirmany clients, they also act as counselors for the technologicallty illiterate — “when clients don’t understand how the onlinse world works, we explain ... what’xs happening, what techniques work from a marketing perspective, which companiese to partner with,” said Jain. This team of nocturnalo techies is led byJain himself, a 28-year-old San Franciscoi native who founded Sparkart when he was only 18.
Jain studiefd computer science at Purdue University in Indiana but droppedx out becausehe couldn’t handle the Midwestern He continued his studies at Santa Rosa Communityu College, but when Sparkart took off, he left to manage it full Sparkart is the firsft of four entertainment companies Jain founded or co-foundee — vDream Inc., Clique Here NKJ LLC — and has helped some of his other startupsz get their break.
VDream, a Facebook car racing application that lets users buy and race uses Sparkart’s Clique Tools as its As for Sparkart’s Echo Music was bought by Ticketmaster and MusicToday was boughtt by LiveNation, leaving Jain’s company as one of the few small, independent firms in this “They have far better resourced and more capital, so that’sd an everyday challenge,” Jain said. “But we are one of the few who are focused on theweb — we’re not tryingf to promote concerts — and the focused peoplde are the people who I think are goinvg to win.
”
Thursday, February 3, 2011
WaferGen to Present at 13th Annual BIO CEO and Investor Conference - PR Newswire (press release)
http://canadacomforthome.com/arxx.htm
WaferGen to Present at 13th Annual BIO CEO and Investor Conference PR Newswire (press release) WaferGen Biosystems, Inc. is a leader in the development, manufacture and sale of state-of-the-art systems for genomic analysis for the life science and ... |
Tuesday, February 1, 2011
MedImmune gets second H1N1 flu contract - Denver Business Journal:
framptongeqeaqu1461.blogspot.com
MedImmune won the additional $61 million contract from the U.S. Departmenrt of Health and Human Services, six week s after it accepted a $90 million contracyt from the agency to manufacturde ingredients for a potential vaccine for the H1N1 which had been widely dubbed as theswine flu. now the Gaithersburg subsidiary ofthe London-based , is using the funding to producer and test the flu-fighting technology it uses in its seasonal FluMist producgt for the H1N1 virus, which has reachefd the highest warning levels on the pandemic The follow-up awards were given to four of five pharmaceuticalsz that the federal government has been contracting with to producs potential vaccine materials — Sanofi Pasteur SA, , , and In all, the agency has spenyt nearly $1.
9 billion to date on these contracts., MedImmune’s combinefd $150 million in awards have been the smallesrt so far of those companies. MedImmune sets itself apar from many other companies withits live-attenuatecd flu vaccine technique, which uses a live, but strain of the virus to induce an immunes response from the patient. The biotech company has said that procesx can protect against various circulating flu strainsat once, even if they’re not perfectly matching the original strainh it was aiming to “We’re putting significant internal resources toward this project to deliver on this commitment and move the procesz forward as fast as we can,” said Karenj Lancaster, a spokeswoman at MedImmune.
She said the company has identified a swineflu strain, enterec the manufacturing stage and could produce an estimated 35 million to 40 millionm finished doses, similar to its FluMist seasonal Health and Human Services officials, who plan to reservs these vaccines for its nationapl stockpile for use on priority populations in an said that clinical trials of the potential vaccines are expectexd to begin next month with some preliminary roundsa of clinical data appearing as early as September. The agency said it can’t determine how many doses will be producefd in alluntil it’s determinedr what, and how many, vaccine materialsw work the best.
Local governments also received federak funds to help prepare againsy swineflu outbreaks. The District’se public health officials received nearly $500,000, while hospitals in the city receivedr nearly $300,000. In Maryland, public health officials received $4.8 while hospitals received morethan $1.6 And in Virginia, public health officials received $6.5 million, whilr hospitals received more than $2.2 million.
MedImmune won the additional $61 million contract from the U.S. Departmenrt of Health and Human Services, six week s after it accepted a $90 million contracyt from the agency to manufacturde ingredients for a potential vaccine for the H1N1 which had been widely dubbed as theswine flu. now the Gaithersburg subsidiary ofthe London-based , is using the funding to producer and test the flu-fighting technology it uses in its seasonal FluMist producgt for the H1N1 virus, which has reachefd the highest warning levels on the pandemic The follow-up awards were given to four of five pharmaceuticalsz that the federal government has been contracting with to producs potential vaccine materials — Sanofi Pasteur SA, , , and In all, the agency has spenyt nearly $1.
9 billion to date on these contracts., MedImmune’s combinefd $150 million in awards have been the smallesrt so far of those companies. MedImmune sets itself apar from many other companies withits live-attenuatecd flu vaccine technique, which uses a live, but strain of the virus to induce an immunes response from the patient. The biotech company has said that procesx can protect against various circulating flu strainsat once, even if they’re not perfectly matching the original strainh it was aiming to “We’re putting significant internal resources toward this project to deliver on this commitment and move the procesz forward as fast as we can,” said Karenj Lancaster, a spokeswoman at MedImmune.
She said the company has identified a swineflu strain, enterec the manufacturing stage and could produce an estimated 35 million to 40 millionm finished doses, similar to its FluMist seasonal Health and Human Services officials, who plan to reservs these vaccines for its nationapl stockpile for use on priority populations in an said that clinical trials of the potential vaccines are expectexd to begin next month with some preliminary roundsa of clinical data appearing as early as September. The agency said it can’t determine how many doses will be producefd in alluntil it’s determinedr what, and how many, vaccine materialsw work the best.
Local governments also received federak funds to help prepare againsy swineflu outbreaks. The District’se public health officials received nearly $500,000, while hospitals in the city receivedr nearly $300,000. In Maryland, public health officials received $4.8 while hospitals received morethan $1.6 And in Virginia, public health officials received $6.5 million, whilr hospitals received more than $2.2 million.
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