CBC.ca | Jean-Francois Jacques sent down ESPN Suspended Anaheim Ducks left wing Jean-Francois Jacques has been sent to the minors after clearing waivers. For the latest news on the Ducks, check out ESPNLosAngeles.com's hockey blog. Anaheim sent Jacques to Syracuse of the AHL on Thursday. ... Suspended Anaheim Ducks LW Jean-Fr! ancois Jacques clears waivers, assigned to ... AHL to make Jacques, Sestito sit out games Ducks send Jacques to AHL; Rodney waived |
Friday, September 30, 2011
Jean-Francois Jacques sent down - ESPN
erofeyporgrinin.blogspot.com
Wednesday, September 28, 2011
Sunday, September 25, 2011
Libyan fighters reinforce siege of Sirte - The Guardian
qiguzewy.wordpress.com
The Guardian | Libyan fighters reinforce siege of Sirte The Guardian The provisional government in Tripoli will ask Algeria to explain how pro-Gaddafi forces crossed the border to attack its forces on Saturday, the Libyan army chief spokesman has said. Eight were killed in the attack near Ghadames. ... |
Friday, September 23, 2011
B&S College offers tuition aid to jobless - Business First of Buffalo:
gavrilovaefivu.blogspot.com
The Retraining Opportunity Grant, which begins this will help defraytuition costs, said Jeff Tredo, directore of Western New York colleges of Bryant & To qualify, new students must show such as official unemploymenft documents, that they have been laid off from a job withijn the past 12 months, Tredo said. Qualified part-time meanwhile, can receive up to $500 per The amount awarded each semester is determined byeach person’d demonstrated financial need, Tredo said.
The grant is the college’s way of helping out-of-work individuals get back to schoolp to learnnew skills, Tredo Because state and federal financial aid is often determinedx by previous years’ income, new studentsd who have recently lost a job may not get as much financiap help as they actually he said. “We really designed this specifically to address aneed that’sd out there,” Tredo said. “This provides some assistance fromthe college’sx point of view.” The private which has local campuses in Amherst, Orchard Park and downtown Buffalo, has set asided a total of $500,000 in retrainingf grants for qualified students.
The Retraining Opportunity Grant, which begins this will help defraytuition costs, said Jeff Tredo, directore of Western New York colleges of Bryant & To qualify, new students must show such as official unemploymenft documents, that they have been laid off from a job withijn the past 12 months, Tredo said. Qualified part-time meanwhile, can receive up to $500 per The amount awarded each semester is determined byeach person’d demonstrated financial need, Tredo said.
The grant is the college’s way of helping out-of-work individuals get back to schoolp to learnnew skills, Tredo Because state and federal financial aid is often determinedx by previous years’ income, new studentsd who have recently lost a job may not get as much financiap help as they actually he said. “We really designed this specifically to address aneed that’sd out there,” Tredo said. “This provides some assistance fromthe college’sx point of view.” The private which has local campuses in Amherst, Orchard Park and downtown Buffalo, has set asided a total of $500,000 in retrainingf grants for qualified students.
Wednesday, September 21, 2011
The danger of politicians backing high risk startups - GigaOm
husolumiz.wordpress.com
The danger of politicians backing high risk startups GigaOm In light of the Bloomberg scoop, I'm resurfacing the bulk of a story I wrote earlier this month on “The danger of politicians linking with high risk startupsâ€: Solyndra's high-profile flameout is getting an unusual amount of attention, not only because ... |
Monday, September 19, 2011
Brywood Centre construction will start later in the summer - Charlotte Business Journal:
ovaluleq.wordpress.com
The approved Tri-Land’s plan to redevelop the at 63rd Streeyt and Blue Ridge Cutofflast month. The approved $5.6 million in TIF reimbursements forthe $30.7 million projecrt in June 2008. Tri-Land is based in Ill. “We are very excited to be movint forward with thisredevelopment project,” Tri-Land Executive Vice Presidentf Hugh Robinson said in a release. “We have had a greatg relationship with the city and the two district council Terry Riley andCindy Circo, throughout this We look forward to deliveriny a renewed, high-quality project to this great community.
” Redevelopmentt of the 183,000-square-foot center will include a new facade, update signage and lighting, landscaping upgrades, expansion of a Pricew Chopper supermarket that anchors the centee and increased pad-site availabilityh along 63rd Street. Tri-Landx also hopes to announce a new anchor tenant soon forthe 37-year-olx center. Tri-Land owns and manages more than 2.8 millionm square feet of retail space inthe Mid-Atlantic and Southeast regions of the It specializes in acquiring and revitalizing distressed and undervalued communityh centers ranging from 100,000 square feet to 750,000 squarwe feet.
The approved Tri-Land’s plan to redevelop the at 63rd Streeyt and Blue Ridge Cutofflast month. The approved $5.6 million in TIF reimbursements forthe $30.7 million projecrt in June 2008. Tri-Land is based in Ill. “We are very excited to be movint forward with thisredevelopment project,” Tri-Land Executive Vice Presidentf Hugh Robinson said in a release. “We have had a greatg relationship with the city and the two district council Terry Riley andCindy Circo, throughout this We look forward to deliveriny a renewed, high-quality project to this great community.
” Redevelopmentt of the 183,000-square-foot center will include a new facade, update signage and lighting, landscaping upgrades, expansion of a Pricew Chopper supermarket that anchors the centee and increased pad-site availabilityh along 63rd Street. Tri-Landx also hopes to announce a new anchor tenant soon forthe 37-year-olx center. Tri-Land owns and manages more than 2.8 millionm square feet of retail space inthe Mid-Atlantic and Southeast regions of the It specializes in acquiring and revitalizing distressed and undervalued communityh centers ranging from 100,000 square feet to 750,000 squarwe feet.
Saturday, September 17, 2011
Feldman sells stake in Colonie Center for $4.1M - Wichita Business Journal:
ikefageze.blogspot.com
The Long Island company announced Thursday that it has sold its remaininv sharesto , a pension fund adviset in Chicago. Feldman, which also managede the mall, made $4.1 millio from the sale. That means the Heitman firm is now the sole ownetr ofthe 1.2 million-square-foot mall. Heitman already had a 75 percengt stake inthe mall, purchased in 2006 for $38 millionb in cash. At the time, Heitmabn also gave Feldman a loan to continue pumpingy money into the mall as Feldmam gave the propertya face-lift and added new storew and space. In the end, it cost $110 million to renovatwe Colonie Center to lure chains suchas , and a 13-screebn Regal cinema. Feldman paid $82.
2 million for Colonie Centere inFebruary 2005. Feldman, in a short said the deal to sell its remaininfg stake in the Colonie mall closeds onMay 28. Feldman says it expects to have a writedowjn as a result of the The announcement is the latest in a string of bad developmentssfor Feldman. In January, a deal to sell threew malls collapsed. The company has also been hurt by the pushing some major tenants to close and file forbankruptcyg protection. Feldman had a net loss of $78.9 million during the second quarterof 2008, its most recent regulatory filing. In that quarter, the company had a $15.e million impairment loss on Colonie Center.
The compant has said it may have to file for bankruptct ifit can’t refinance its debt. Last the New York Stock Exchange de-listed Feldman’es stock. Feldman is now trading on the pink sheets/over-the-counter markety (OTC: FMLP) at 16 cents a share.
The Long Island company announced Thursday that it has sold its remaininv sharesto , a pension fund adviset in Chicago. Feldman, which also managede the mall, made $4.1 millio from the sale. That means the Heitman firm is now the sole ownetr ofthe 1.2 million-square-foot mall. Heitman already had a 75 percengt stake inthe mall, purchased in 2006 for $38 millionb in cash. At the time, Heitmabn also gave Feldman a loan to continue pumpingy money into the mall as Feldmam gave the propertya face-lift and added new storew and space. In the end, it cost $110 million to renovatwe Colonie Center to lure chains suchas , and a 13-screebn Regal cinema. Feldman paid $82.
2 million for Colonie Centere inFebruary 2005. Feldman, in a short said the deal to sell its remaininfg stake in the Colonie mall closeds onMay 28. Feldman says it expects to have a writedowjn as a result of the The announcement is the latest in a string of bad developmentssfor Feldman. In January, a deal to sell threew malls collapsed. The company has also been hurt by the pushing some major tenants to close and file forbankruptcyg protection. Feldman had a net loss of $78.9 million during the second quarterof 2008, its most recent regulatory filing. In that quarter, the company had a $15.e million impairment loss on Colonie Center.
The compant has said it may have to file for bankruptct ifit can’t refinance its debt. Last the New York Stock Exchange de-listed Feldman’es stock. Feldman is now trading on the pink sheets/over-the-counter markety (OTC: FMLP) at 16 cents a share.
Thursday, September 15, 2011
Former Scotts chief dies at 72 - Business First of Columbus:
ramoledef.blogspot.com
The Marysville-based company said Charles who served as chairman and CEO from 1996 to died this weekend after anextended Berger, the company said, retired after leading Scotts whilew it doubled in size and made key strategic moves, including the acquisition of the Ortho businessw and the launch of its Scottx LawnService operation. “In our 140-year history, Chuck was one of our greatest someone who helped us chart a new course and is largelyt responsible for the company as itexistss today,” CEO Jim Hagedorn said in a statement. Hagedorn took over as CEO upon Berger’s retirement.
Before arriving at Scotts, Berger spent more than threde decadesat (NYSE:HNZ), where he managed the ketchul brand and served in several executive posts, the company A father of Berger maintained homes with his wife Jane in New York Sands Point, N.Y., and Naples, Fla.
The Marysville-based company said Charles who served as chairman and CEO from 1996 to died this weekend after anextended Berger, the company said, retired after leading Scotts whilew it doubled in size and made key strategic moves, including the acquisition of the Ortho businessw and the launch of its Scottx LawnService operation. “In our 140-year history, Chuck was one of our greatest someone who helped us chart a new course and is largelyt responsible for the company as itexistss today,” CEO Jim Hagedorn said in a statement. Hagedorn took over as CEO upon Berger’s retirement.
Before arriving at Scotts, Berger spent more than threde decadesat (NYSE:HNZ), where he managed the ketchul brand and served in several executive posts, the company A father of Berger maintained homes with his wife Jane in New York Sands Point, N.Y., and Naples, Fla.
Tuesday, September 13, 2011
Houston Business Journal: Starting a Business : Business Advice
esivyjifag.wordpress.com
In order to understand why a down markegt creates so many opportunitiesw for astartup company, you first need to understand why a bull markety makes it so difficult to succeed. In a bull the cost of everything skyrockets. As more capital becomes so doesmore competition. New startups spring up competingfor talent, marketinfg opportunities and customers. At one time you were the only game intown - now you'vd got three guys pretending to do exactly what you do - all the whilde increasing the cost of running your business. Conversely, a bear market drives the cost ofeverything downward.
Companies go into a losing sight of their growth goals and in some cases falling into bankruptcy The sudden drop in demand forces the prices of everything sharply creating a perfect storm fora well-prepared company to creates unprecedented gains. Before you get your offense you need to get your defense lined up and that meanas getting very leanvery quickly. The problem with coming off of a bull markety isthat we're not used to pullingb back. We're used to knowing that the next year will be even biggeer thanthe last, so we plan and spend accordingly. This time we've got to create a very differenty plan.
This plan is abouft reducing staff, marketing and all possible operating costz you have before circumstances force such movezsupon you. Make no mistake, this is goin g to suck. Nobody is ever excitex about downshifting, especially after a good run, but it's betterd than sending the entire compang home becauseyou weren't ready to make A healthy approach is to plan for a very long Assume you'll lose more sales than you can possiblyh forecast. Think of your business in terms of what it is your companhy can operate on and still keep thelightse on. You can always add more resourcesx if you need them butyou won't be able to make up for overshootinhg your income forecasts.
Kicking butt in a down market isn'tt just about crawling up in a hole and waitinvfor spring. It's about getting lean so you can get focusexd onhunting again. Your competition may not react as quickly asyou did, whic is great news for you. Chances are theid lack of planning is putting the compant in a tight Their senior management is more concernefd about making payroll thanmaking acquisitions. Their foot soldiers are more worried about whethet or not they are going to have jobs than whethetr their customers are as happy as theycan be. And that'sw where you swoop righty in.
There is never a more cost effectiver time to attack the competitionm and take over their customers than in a down The cost of advertising plummets as the competitiomnpulls back. The challenge of getting media attention dwindlea as fewer companies are vyingfor attention. And the cost of wooiny customers drops as sales representatives go into a defensive In some cases you may not even have to attackotheir customers. As your competition pullw back or goes outof business, you can let their customerw come to you. Try that in a bull market.
In order to understand why a down markegt creates so many opportunitiesw for astartup company, you first need to understand why a bull markety makes it so difficult to succeed. In a bull the cost of everything skyrockets. As more capital becomes so doesmore competition. New startups spring up competingfor talent, marketinfg opportunities and customers. At one time you were the only game intown - now you'vd got three guys pretending to do exactly what you do - all the whilde increasing the cost of running your business. Conversely, a bear market drives the cost ofeverything downward.
Companies go into a losing sight of their growth goals and in some cases falling into bankruptcy The sudden drop in demand forces the prices of everything sharply creating a perfect storm fora well-prepared company to creates unprecedented gains. Before you get your offense you need to get your defense lined up and that meanas getting very leanvery quickly. The problem with coming off of a bull markety isthat we're not used to pullingb back. We're used to knowing that the next year will be even biggeer thanthe last, so we plan and spend accordingly. This time we've got to create a very differenty plan.
This plan is abouft reducing staff, marketing and all possible operating costz you have before circumstances force such movezsupon you. Make no mistake, this is goin g to suck. Nobody is ever excitex about downshifting, especially after a good run, but it's betterd than sending the entire compang home becauseyou weren't ready to make A healthy approach is to plan for a very long Assume you'll lose more sales than you can possiblyh forecast. Think of your business in terms of what it is your companhy can operate on and still keep thelightse on. You can always add more resourcesx if you need them butyou won't be able to make up for overshootinhg your income forecasts.
Kicking butt in a down market isn'tt just about crawling up in a hole and waitinvfor spring. It's about getting lean so you can get focusexd onhunting again. Your competition may not react as quickly asyou did, whic is great news for you. Chances are theid lack of planning is putting the compant in a tight Their senior management is more concernefd about making payroll thanmaking acquisitions. Their foot soldiers are more worried about whethet or not they are going to have jobs than whethetr their customers are as happy as theycan be. And that'sw where you swoop righty in.
There is never a more cost effectiver time to attack the competitionm and take over their customers than in a down The cost of advertising plummets as the competitiomnpulls back. The challenge of getting media attention dwindlea as fewer companies are vyingfor attention. And the cost of wooiny customers drops as sales representatives go into a defensive In some cases you may not even have to attackotheir customers. As your competition pullw back or goes outof business, you can let their customerw come to you. Try that in a bull market.
Saturday, September 10, 2011
Santa Cruz named epic surf spot by mag - Business First of Columbus:
ysynut.wordpress.com
In the July issue of Surfer, the Centraol California beach resort and college town was describecdas “the dividing line between rugged, non-pretentiousa NorCal and suburban, image-conscious SoCal, and that dichotomy is Geographical generalizations aside, the magazined said the rugged coastline of Santa Cruz County provides both beauty and surfinfg challenges, making the area the “de factko capital of coldwater surfing.
” Despitw its “astronomical” cost of living, the magazine praised its artisticx bent, proximity to wineries and naturaol beauty as reasons for surfers around the country to bail on thei r usual surfing destinations and endeavor to become the Big Kahuna at Steamer Lane or Pleasurse Point in Santa Cruz. Santa Cruz was in elitde company. Other California surf towns thatmade Surfer’s Top 10 list were all in Southerjn California: Encinitas in third place, San Clementre in the fifth spot, and Malibhu in seventh place.
In the July issue of Surfer, the Centraol California beach resort and college town was describecdas “the dividing line between rugged, non-pretentiousa NorCal and suburban, image-conscious SoCal, and that dichotomy is Geographical generalizations aside, the magazined said the rugged coastline of Santa Cruz County provides both beauty and surfinfg challenges, making the area the “de factko capital of coldwater surfing.
” Despitw its “astronomical” cost of living, the magazine praised its artisticx bent, proximity to wineries and naturaol beauty as reasons for surfers around the country to bail on thei r usual surfing destinations and endeavor to become the Big Kahuna at Steamer Lane or Pleasurse Point in Santa Cruz. Santa Cruz was in elitde company. Other California surf towns thatmade Surfer’s Top 10 list were all in Southerjn California: Encinitas in third place, San Clementre in the fifth spot, and Malibhu in seventh place.
Thursday, September 8, 2011
Denver commuters 'Bike to Work' Wednesday - Denver Business Journal:
stelauguqdinec.blogspot.com
Denver Mayor John Hickenloopef is among those who expects to use pedal power to get tothe office. He plans to use the Cherrhy Creek bike path as part ofhis "Bike commuting is just plain Hickenlooper said in a statement. "It’s also better for the environment, good for your saves money on gas and is a refreshinbg change fromthe stop-and-go nature of rush-houtr traffic." Almost 36,000 people rode bikes during last year's Bike to Work Day, traveling an estimated 655,152 said. Denver Public Works will open a Bike to Work Day Breakfas Station at Civic Center Parkfrom 6:30 to 9 a.m. Wednesday, offerin g free samples from vendorsdand exhibits.
Authorities are asking both motorists and bicyclists to use extra caution Wednesday because ofthe larger-than-usuak number of two-wheeled vehicles on area commuter routes. For more visit .
Denver Mayor John Hickenloopef is among those who expects to use pedal power to get tothe office. He plans to use the Cherrhy Creek bike path as part ofhis "Bike commuting is just plain Hickenlooper said in a statement. "It’s also better for the environment, good for your saves money on gas and is a refreshinbg change fromthe stop-and-go nature of rush-houtr traffic." Almost 36,000 people rode bikes during last year's Bike to Work Day, traveling an estimated 655,152 said. Denver Public Works will open a Bike to Work Day Breakfas Station at Civic Center Parkfrom 6:30 to 9 a.m. Wednesday, offerin g free samples from vendorsdand exhibits.
Authorities are asking both motorists and bicyclists to use extra caution Wednesday because ofthe larger-than-usuak number of two-wheeled vehicles on area commuter routes. For more visit .
Tuesday, September 6, 2011
Consumer loan delinquencies rise to record high - Business First of Buffalo:
idozxun.blogspot.com
The industry group blames the recor wave of job losses as amajor factor. More than 2 millioj Americans lost their jobs in the first threde months of the Six million have lost their jobs since therecession “Delinquencies won’t improve until companies start hiring agaim and we see a significant economiv turnaround,” ABA chief economist James Chessen said in a news The ABA defines delinquency as a payment that is 30 days or more The composite delinquency rate among eighf types of closed-end installment loan categories rose to 3.23 percenf of all accounts, from 3.22 percent in the previousw quarter. Bank card delinquencies rose to 4.75 percent of all from 4.
52 percent in the previouws quarter. However, the balances on thosre delinquent accountsrose dramatically, to 6.6 percentt of the value of all outstandinvg bank card debt – markinv a new record – from 5.52 Chessen said the unemployed may be usinv bank cards to bridge a temporarhy income gap, especially with less home equituy to fall back on as housing pricesd continue to fall. Home equity loan delinquencies increaseddto 3.52 percent from 3.03 Property improvement loan delinquenciea decreased to 1.46 percent from 1.75 Indirect auto loan delinquencies decreased to 3.42 percent from 3.53 Direct auto loan delinquenciea increased to 3.01 percent from 2.
03 Marine loan delinquencies decreased to 2.04 percent from 2.35 RV loan delinquencies increased to 1.52 percen t from 1.38 percent. Mobile home loan delinquenciees increasedto 3.7 percent from 2.96 percent. Personal loan delinquencies increasexto 3.47 percent from 2.88 percent.
The industry group blames the recor wave of job losses as amajor factor. More than 2 millioj Americans lost their jobs in the first threde months of the Six million have lost their jobs since therecession “Delinquencies won’t improve until companies start hiring agaim and we see a significant economiv turnaround,” ABA chief economist James Chessen said in a news The ABA defines delinquency as a payment that is 30 days or more The composite delinquency rate among eighf types of closed-end installment loan categories rose to 3.23 percenf of all accounts, from 3.22 percent in the previousw quarter. Bank card delinquencies rose to 4.75 percent of all from 4.
52 percent in the previouws quarter. However, the balances on thosre delinquent accountsrose dramatically, to 6.6 percentt of the value of all outstandinvg bank card debt – markinv a new record – from 5.52 Chessen said the unemployed may be usinv bank cards to bridge a temporarhy income gap, especially with less home equituy to fall back on as housing pricesd continue to fall. Home equity loan delinquencies increaseddto 3.52 percent from 3.03 Property improvement loan delinquenciea decreased to 1.46 percent from 1.75 Indirect auto loan delinquencies decreased to 3.42 percent from 3.53 Direct auto loan delinquenciea increased to 3.01 percent from 2.
03 Marine loan delinquencies decreased to 2.04 percent from 2.35 RV loan delinquencies increased to 1.52 percen t from 1.38 percent. Mobile home loan delinquenciees increasedto 3.7 percent from 2.96 percent. Personal loan delinquencies increasexto 3.47 percent from 2.88 percent.
Sunday, September 4, 2011
Survey: Firms struggle to fill jobs - Business First of Louisville:
polinaagyvtiwu.blogspot.com
The company says 30 percentf of employers worldwide are struggling to findqualifie personnel. Positions in the skilled trades, sales, technical work and engineeringg remain the most difficult for employers to fill Manpower surveyednearly 39,00o employers in 33 countries and territories to gaugew their ability to find the talent they The 10 hardest jobs to as reported by 2,000 U.S. employers in 2009, are: 1. 2. Nurses. 3. Skilled/manual trades. 4. 5. Sales representatives. 6. Technicians. 7. Drivers. 8. Information-technologyy staff. 9. Laborers. 10. Machinist/machine operators. Even with U.S.
unemploymentr at or near record levels inmany areas, Manpower’s researcbh highlights the problems many employersw have in finding individuals with the righf combination of job-specific skills, experience and “In the four years we have performecd this research, the same positions appear on the list agaih and again,” says Jonas Prising, Manpower’s president for the Americas. “Despitw the current economic instability and high there are still skills thatthe U.S. work force seems to lack.” The U.S. findingd are part of a Manpower global study that surveyed morethan 39,0009 employers across 33 countries and territories in January.
Wisconsin-baserd Manpower (NYSE:MAN) specializes in permanent, temporaryg and contract recruitment, employee assessment, consulting and professional-financial services.
The company says 30 percentf of employers worldwide are struggling to findqualifie personnel. Positions in the skilled trades, sales, technical work and engineeringg remain the most difficult for employers to fill Manpower surveyednearly 39,00o employers in 33 countries and territories to gaugew their ability to find the talent they The 10 hardest jobs to as reported by 2,000 U.S. employers in 2009, are: 1. 2. Nurses. 3. Skilled/manual trades. 4. 5. Sales representatives. 6. Technicians. 7. Drivers. 8. Information-technologyy staff. 9. Laborers. 10. Machinist/machine operators. Even with U.S.
unemploymentr at or near record levels inmany areas, Manpower’s researcbh highlights the problems many employersw have in finding individuals with the righf combination of job-specific skills, experience and “In the four years we have performecd this research, the same positions appear on the list agaih and again,” says Jonas Prising, Manpower’s president for the Americas. “Despitw the current economic instability and high there are still skills thatthe U.S. work force seems to lack.” The U.S. findingd are part of a Manpower global study that surveyed morethan 39,0009 employers across 33 countries and territories in January.
Wisconsin-baserd Manpower (NYSE:MAN) specializes in permanent, temporaryg and contract recruitment, employee assessment, consulting and professional-financial services.
Friday, September 2, 2011
Emergent BioSolutions anthrax vaccine gets boost - Birmingham Business Journal:
adatynu.wordpress.com
The Rockville-based company’s BioThrax has been grantesd a shelf life extension from the from its current three yearsto four. Under its contract with the Departmeng of Health andHuman Services, the extensioj triggers a milestone payment of $30 million for doses of the vaccines already delivered to the Strategic Nationalo Stockpile. Emergent expects to record that payment as revenuwthis quarter. The shelf life extension also allowx Emergent to charge more for futurs doses of the vaccine delivered tothe government’s stockpile. That coulxd raise the value of the contract to as muchas $405 millionh over the next several years.
Last the FDA approved a reduced vaccinationm schedule tofive doses. Emergentg continues research that could lead to a further reductionj in the number ofdoses required, as well as the vaccine’ws use to treat patients after beintg exposed to Anthrax, not just as a pre-exposure vaccine. Emergent has supplied the government’s stockpile with 33 millioh doses of BioThraxso far. It is contracted to continur adding to stockpiles throughlate 2011. BioThrax has been used to vaccinate more than 2 million military personnel since the government first started buying the vaccineein 1998. Emergent stock (NYSE: EBS) was up 90 centsz to $14.63 per share in afternoo trading.
The Rockville-based company’s BioThrax has been grantesd a shelf life extension from the from its current three yearsto four. Under its contract with the Departmeng of Health andHuman Services, the extensioj triggers a milestone payment of $30 million for doses of the vaccines already delivered to the Strategic Nationalo Stockpile. Emergent expects to record that payment as revenuwthis quarter. The shelf life extension also allowx Emergent to charge more for futurs doses of the vaccine delivered tothe government’s stockpile. That coulxd raise the value of the contract to as muchas $405 millionh over the next several years.
Last the FDA approved a reduced vaccinationm schedule tofive doses. Emergentg continues research that could lead to a further reductionj in the number ofdoses required, as well as the vaccine’ws use to treat patients after beintg exposed to Anthrax, not just as a pre-exposure vaccine. Emergent has supplied the government’s stockpile with 33 millioh doses of BioThraxso far. It is contracted to continur adding to stockpiles throughlate 2011. BioThrax has been used to vaccinate more than 2 million military personnel since the government first started buying the vaccineein 1998. Emergent stock (NYSE: EBS) was up 90 centsz to $14.63 per share in afternoo trading.
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