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Vivus Inc. said Tuesday it will sell about 8.4 million shares of its common stock to a group of institutional investors for $7.77 per share, or about $65 million. (VVUS)
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AtheroGenics Inc.’s loss widened in the second quarter and it had no revenue, but it is looking ahead to final results for its only drug, AGI-1067, a compound that recently showed potential to treat a type of diabetes. (AGIX)
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Indevus Pharmaceuticals Inc. boosted revenue during its fiscal 2008 third quarter, and the company reduced losses even as it faced delays in gaining U.S. marketing approval for its new hypogonadism treatment.
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Kaiser Permanente posted a 7.4 percent increase in operating revenue for its foundation health plan and hospitals late Monday afternoon, but the Oakland health care giant nonetheless saw double-digit drops in profits.
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Clinical Data Inc. has purchased Adenosine Therapeutics Inc. in a cash and debt deal in order to expand its pipeline.
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Icagen narrowed its second quarter net loss thanks to lower expenses resulting from the failure of its lead drug in trials last year, the biotech company said Tuesday.
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Tenet Healthcare's second-quarter net loss was cut in half as the company continued to see growth in its same-hospital admissions.
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Tenet Healthcare says its loss narrowed in the second quarter, partly due to better contract terms with managed care providers and growth in admissions.
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