At least 14 expensive biotechnology medicines that have never before faced generic rivals in the U.S. are being targeted by drugmakers who want to sell imitations at cheaper prices, according to regulators. For years, patients have been able to buy less expensive copies of existing chemical drugs -- ranging from Lipitor for cholesterol to the antidepressant Prozac -- once their patents ended. That saved the nation $239 billion last year alone, according to the Generic Pharmaceutical Association.
Updated 5 Years ago

Micro Focus International Plc agreed to buy business-software provider The Attachmate Group Inc. in a transaction valued at $2.35 billion before costs. Micro Focus will pay about 729.6 million pounds ($1.19 billion) in shares to Attachmate’s parent company, Wizard Parent LLC, and Attachmate’s net debt at July 31 was $1.17 billion, Micro Focus said in a statement.
Updated 5 Years ago

Danaher Corp. (DHR), a U.S. medical-device maker, agreed to acquire Nobel Biocare Holding AG (NOBN) for $2.2 billion after the Swiss maker of dental implants searched for a buyer amid a wave of consolidation in the health industry. Danaher will pay 17.10 Swiss francs ($18.30) a share in cash, becoming the world’s largest maker of such implants, the Washington D.C.-based company said in a statement today. While 5.5 percent less than the closing price on Sept. 12, Danaher said the offer is about 23 percent higher than Nobel Biocare’s closing price on July 28, the day before speculation that the Glattbrugg-based company would be sold. The stock fell as much as 6.1 percent.
Updated 5 Years ago

TDC A/S (TDC), Denmark’s largest telephone company, agreed to acquire cable-TV provider Get AS for 13.8 billion kroner ($2.2 billion) to gain half a million customers in Norway. TDC plans to finance the transaction by selling debt, the Copenhagen-based carrier said in a statement today. TDC will cut its dividend PAYOUT to maintain its investment grade rating, it said. Gunnar Evensen will continue to lead Get after the deal, which is expected to be completed in the fourth quarter. TDC shares dropped as much as 4.8 percent in Copenhagen.
Updated 5 Years ago

The card, which is the size of a postage stamp, will go on sale for $800 (£490). The launch comes a decade after the firm released a 512-megabyte (MB) SD card with one-thousandth of the space. Experts believe SD cards could eventually hold up to 2 terabytes (TB) of data, about 2,000GB.
Updated 5 Years ago

Samsung says employees of LG Electronics, one a senior executive, were seen deliberately destroying some washing machines in stores in Germany. Samsung says the vandalism took place earlier this month ahead of a major electronics trade fair in Berlin. LG accepts two machines were damaged but said it was done accidentally.
Updated 5 Years ago

The retail unit will be issuing new shares to the group of 25 investors, which are mostly financial companies like insurers and fund managers, to raise $17.5bn. The company's shares fell by around 1.2% on Monday in Hong Kong trade. Sinopec's retail arm operates more than 30,000 petrol stations across China.
Updated 5 Years ago

Heineken said it had "consulted with its majority shareholder" before rejecting the approach. It said the Heineken family, the founding family which still owns half of the firm, wanted to preserve the firm as "an independent company".
Updated 5 Years ago

Luxury and leisure and lifestyles can be interpreted in many ways. It may also vary from one person to another. While some people finds satisfaction in going to the beach most weekends, there are others who would not miss going to the club to cool off. However, the highly religious finds content and constant spiritual rebirth in making the places of which a second home. In all of this endeavours, it requires movement from one place to another and this is where catering for the needs as well as maximizing comfort to expand the appeal of passengers comes into play and one of the mechanical objects on four wheels to execute this purpose is the Jeep Wrangler that go and off-road.
Updated 5 Years ago

Asset Management Company of Nigeria (AMCON) has selected HBCL Investment Services Limited (HISL), a private commercial bank, as the successful bidder to buy nationalised lender Enterprise Bank, AMCON said. The state-owned rescue bank had sought bidders for the sale of its 100 percent stake in Enterprise Bank, one of three banks nationalised following a $4 billion central bank bailout that saved several Nigerian lenders from near bankruptcy in 2009.
Updated 5 Years ago