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Chinese orthopedic implant maker plans IPO

August 9, 2010 10:45 am | by The Associated Press | News | Comments

Orthopedic implant maker China Kanghui Holdings wants to raise $87 million in an initial public offering of its stock expected this week.The Chinese company plans to offer about 6.7 million American Depository shares, including 1.3 million offered by selling shareholders, priced between an...

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Odyssey shareholders OK acquisition by Gentiva

August 9, 2010 10:45 am | by The Associated Press | News | Comments

Hospice care provider Odyssey HealthCare Inc. said Monday its shareholders approved a merger agreement providing for the company's acquisition by Gentiva Health Services Inc.The deal is expected to be completed around Aug. 16.Gentiva, an Atlanta-based home health care provider, said in May it...

The Ensign Group 2Q earnings climb 17 percent

August 9, 2010 10:45 am | by The Associated Press | News | Comments

The Ensign Group Inc. said that second-quarter earnings climbed 17 percent and the nursing services company on Monday raised its 2010 net income guidance.The company said it earned $9.6 million, or 46 cents per share, in the three months that ended June 30. That compares to net income of $8.2...

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Medical Action posts weak 1Q, shares tumble

August 9, 2010 9:45 am | by The Associated Press | News | Comments

Medical Action Industries Inc., a medical and surgical products supplier, said its profit plunged 86 percent in its fiscal first quarter due to damage to a warehouse, rising raw material costs and the weak economy's effect on sales.Shares sank to an annual low of $10.45, losing as much as 23...

Competition Bureau Secures Divestitures in Novartis' Acquisition of Alcon

August 9, 2010 8:45 am | by The Associated Press | News | Comments

http://www.competitionbureau.gc.ca/ () —The Competition Bureau announced today that it has reached an agreement with Novartis AG to resolve competition issues regarding its proposed acquisition of control of Alcon, Inc.The Bureau concluded that the proposed transaction was likely to result in...

Amedisys 2Q profit slips, and cuts 2010 forecasts

August 9, 2010 7:45 am | by The Associated Press | News | Comments

Home health provider Amedisys Inc. said Monday its profit fell 8 percent in the second quarter, and it cut its profit and revenue estimates for the year.CEO William Borne said the results did not meet Amedisys' expectations. The company's profit declined to $32.2 million, or $1.13 per share,...

Removing Retrievable Inferior Vena Cava Filters: Initial Communication

August 9, 2010 7:37 am | by U.S. Food & Drug Administration | News | Comments

IVC filter usage has increased rapidly during the past thirty years. In 1979, 2,000 IVC filters were used, while in 2007, almost 167,000 filters were implanted, and the market for IVC filters is only expected to increase, with an estimated 259,000 IVC...

Safety Investigation of Suspected Counterfeit Combat Application Tourniquets (C-A-T & #xae;): Initial Communication

August 9, 2010 7:37 am | by U.S. Food & Drug Administration | News | Comments

FDA has become aware of suspected counterfeit C-A-T ® tourniquets. The suspected counterfeit tourniquets have subtle differences in stitching, printing of the logo and molding of plastic parts. They may be packaged and labeled for a distributor other than

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UK pharma launches HQ in Fall River

August 9, 2010 7:36 am | by Mass High Tech: The Journal of New England Technology | News | Comments

RTS Life Science, a U.K.-based pharmaceutical and biotechnology services company, has established its U.S. headquarters in Fall River, after acquiring a local firm there.

Inferior Vena Cava (IVC) Filters: Initial Communication: Risk of Adverse Events with Long Term Use

August 9, 2010 7:30 am | by U.S. Food & Drug Administration | News | Comments

Known long term risks associated with IVC filters include lower limb deep vein thrombosis, filter fracture, filter migration, filter embolization and IVC perforation.

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USDA gives $3M to 4 rural Indiana phone companies

August 9, 2010 6:45 am | by The Associated Press | News | Comments

Four rural Indiana telephone companies will get a total of more than $3 million in federal stimulus funding to provide DSL broadband service to their service areas.The U.S. Department of Agriculture says the grants will bring the high-speed Internet service to about 2,500 homes and about 80...

MedNetworks raises $5M

August 9, 2010 6:38 am | by Mass High Tech: The Journal of New England Technology | News | Comments

MedNetworks Inc., a social networking-focused technology firm for doctors and patients, has launched today, taking in $5 million in its first funding round from Excel Venture Management.

Ford Blue Oval Scholarships Awarded at 3rd Annual Future Founders Academy — Winning High School Students Honored by Mayor Daley and City Council

August 9, 2010 6:37 am | by Society of Manufacturing Engineers | News | Comments

CHICAGO, ILL, DEARBORN, Mich., July 28, 2010 — Twenty-five students from eight Chicago Public High Schools were immersed in entrepreneurship at the 2010 Future Founders Academy as they competed in a weeklong interactive summer business camp hosted by the Chicagoland Entrepreneurial...

Revivexxx Extra Strength: Recall - Undeclared Drug Ingredient

August 9, 2010 5:42 am | by U.S. Food & Drug Administration | News | Comments

Product marketed as a dietary supplement sexual enhancer for men contains undeclared tadalafil, which may interact with nitrates found in some prescription drugs such as nitroglycerin and may lower blood pressure to dangerous levels.

Solo Slim, Solo Slim Extra Strength: Recall - Undeclared Drug Ingredient

August 9, 2010 5:42 am | by U.S. Food & Drug Administration | News | Comments

Product contains undeclared didesmethyl sibutramine, which may present a significant risk for patients with a history of coronary artery disease, congestive heart failure, arrhythmias or stroke.

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