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Wednesday, October 18, 2017

AstraZeneca $1.26 paying billion for developer of gout drug

  AstraZeneca headquarters in London. AstraZeneca is betting on the success of a promising drug used to treat gout in  its merger deal for Ardea Biosciences, Inc. AstraZeneca will acquire Ardea, a San Diego-based biotechnology company...

ING Direct deal aiding earnings at Capital One

Capital One Financial's first quarter 2012 earnings benefited from the company's recently closed acquisition of ING Direct, according to Fitch, a debt rating firm. ING Direct is based in Wilmington and Capital One plans to...

AstraZeneca, Bristol-Myers Squibb drug wins OK from European panel

AstraZeneca and Bristol-Myers Squibb Company reported a committee for a European Union agency has recommended the approval of FORXIGA tablets for the treatment of type 2 diabetes. The drug is used in additon to diet...

Yi Palace opens on Elkton Rd.

The Yi Palace Restaurant has opened on Elkton Road on the west side of Newark. Mayor Vance Funk, center, was  on hand for the ceremonial ribbon cutting.  The restaurant serves authentic Chinese food, including...

Board of Ed OKs Newark Charter School high school expansion

The Delaware Board of Education has approved a plan by the Newark Charter School to add high school grades, but will be remain scrutiny on efforts to increase the racial balance of  its student...

Bank of America posts better-than-expected earnings

Bank of America Corporation reported net income of $653 million for the first quarter of 2012. Revenue, after various changes, was $22.5 billion as the financial services giant worked to strengthen its balance sheet. Reuters...

Biotech venture pairing researchers, companies under way

The Delaware Biotechnology Institute and the Delaware Economic Development Office announced eight research projects through the recently launched Delaware Bioscience Center for Advanced Technology (Bioscience CAT). CAT grants link researchers from Delaware academic and...

Barclays 'Rings' in low-interest rate card with 'crowdsourcing'

 Wilmington-based Barclaycard US, announced what it says is the first “social credit card” designed to use community crowdsourcing. The term “crowdsourcing” in this case is used to describe plans to give cardholders input in...

Zacks looks at big bank earnings

Investment information firm Zacks issued a report on the nation's largest banks, which recently reported earnings.  To access the press release that summarizes the findings, log on here.

iBio antibody shows promise

Newark-based IBIO announced that its iBioLaunch plant-based technology for the production of a copy of palivizumab, an antibody that fights a condition that strikes infants. Palivizumab is used to cut hospitalizations, but its high cost...