South Korean President Lee Myung-Bak paid a surprise visit Friday to islands at the centre of a decades-long territorial dispute with Japan, which recalled its ambassador from Seoul in protest.
Read the original post:
Monthly Archives: August 2012
Formal opening ceremony for Generations Family Health Care – Video
09-08-2012 13:07 Generations Family Health Center ceremony
Read the original:
Formal opening ceremony for Generations Family Health Care - Video
Fmr. Rep. Grayson on GOP health care policy: ‘Only thing Romney cares about is money’ – Video
09-08-2012 21:12 Cenk talks to former Rep. Alan Grayson (and current candidate in Florida) about the real cost of businesses cutting back -- or cutting loose -- employees' health care plans Tune in Weeknights at 7e/4p on Current TV
Excerpt from:
Fmr. Rep. Grayson on GOP health care policy: 'Only thing Romney cares about is money' - Video
Report: Major cities not prepared for growing retiree health costs
Story by Corey G. Johnson
Most major California cities are failing to address the growing health care costs of government retirees, which have ballooned to more than $1 billion in some areas and soon could threaten municipalities' ability to pay other expenses, according to a recent financial analysis by a nonprofit research group.
Eleven of 20 California cities with the biggest budgets do not set aside funds for future health care costs, thestudyby California Common Sense found.
Those cities San Francisco, Oakland, Sacramento, Redding, Santa Ana, Long Beach, Glendale, Fresno, Riverside, Pasadena and Santa Monica work under pay-as-you-go systems, meaning they pay benefits from their current operating budgets and do not accumulate funds for future payments.
Combined, all 20 cities have promised $16 billion in future non-pension benefits, and $12 billion of that remains unfunded. The 11 pay-as-you-go cities are losing $2.2 billion in savings by not setting aside money, the analysis found.The $2.2 billion figure is derived from an estimate of each city's potential investment earnings at the 7.61 percent return rate set by the California Public Employees' Retirement System.
San Francisco, which is obligated to pay $4.4 billion for its current and future retired public workers' health care costs, is the state's biggest city that doesn't set aside money to help finance benefit payments.
Los Angeles, on the other hand, puts close to 59 percent of its future costs in a trust to begin drawing interest. Other cities that pay toward future costs include San Jose, San Diego, Anaheim, Roseville, Palo Alto, Bakersfield, Burbank and Santa Clara.
The analysis also concluded that retiree health care costs are consuming more of municipalities' operating budgets and aren't likely to decrease because retirees are living longer and fees for medical services are rising. Since 2008, retireebenefit costs have increased by 36 percent.
Such costs are beginning to have an impact. San Jose, for example, spent close to 8 percent of its operating budget on retiree benefits last year a dramatic 43 percent jump from what it spent three years ago.
The city of Stockton didn't put funds aside, so it didn't earn additional funds to help pay its retiree health benefit debts. Two years ago, Stockton faced a $410 million tab for current and future health care costs for its retired public workers. This came as the city was struggling to pay down a long-term pension debt of $1.3 billion.
Continue reading here:
Report: Major cities not prepared for growing retiree health costs
Report: Sacramento not prepared for growing retiree health costs
Written by California Watch
By Corey Johnson, California Watch
SACRAMENTO -- Most major California cities are failing to address the growing health care costs of government retirees, which have ballooned to more than $1 billion in some areas and soon could threaten municipalities' ability to pay other expenses, according to a recent financial analysis by a nonprofit research group.
Eleven of 20 California cities with the biggest budgets do not set aside funds for future health care costs, the study by California Common Sense found.
Those cities - San Francisco, Oakland, Sacramento, Redding, Santa Ana, Long Beach, Glendale, Fresno, Riverside, Pasadena and Santa Monica - work under pay-as-you-go systems, meaning they pay benefits from their current operating budgets and do not accumulate funds for future payments.
Combined, all 20 cities have promised $16 billion in future non-pension benefits, and $12 billion of that remains unfunded. The 11 pay-as-you-go cities are losing $2.2 billion in savings by not setting aside money, the analysis found. The $2.2 billion figure is derived from an estimate of each city's potential investment earnings at the 7.61 percent return rate set by the California Public Employees' Retirement System.
San Francisco, which is obligated to pay $4.4 billion for its current and future retired public workers' health care costs, is the state's biggest city that doesn't set aside money to help finance benefit payments.
Los Angeles, on the other hand, puts close to 59 percent of its future costs in a trust to begin drawing interest. Other cities that pay toward future costs include San Jose, San Diego, Anaheim, Roseville, Palo Alto, Bakersfield, Burbank and Santa Clara.
The analysis also concluded that retiree health care costs are consuming more of municipalities' operating budgets and aren't likely to decrease because retirees are living longer and fees for medical services are rising. Since 2008, retiree benefit costs have increased by 36 percent.
Such costs are beginning to have an impact. San Jose, for example, spent close to 8 percent of its operating budget on retiree benefits last year - a dramatic 43 percent jump from what it spent three years ago.
See original here:
Report: Sacramento not prepared for growing retiree health costs
Health care law's tax hikes are coming: Will you have to pay?
WASHINGTON Who gets thumped by higher taxes in President Barack Obama's health care law? The wealthiest 2 percent of Americans will take the biggest hit, starting next year. And the pain will be shared by some who aren't so well off people swept up in a hodgepodge of smaller tax changes that will help finance health coverage for millions in need.
For the vast majority of people, however, the health care law won't mean sending more money to the IRS. And roughly 20 million people eventually will benefit from tax credits that start in 2014 to help them pay insurance premiums.
Lots of the noise is about the financial consequences for people who decline to get coverage and businesses that don't offer their workers an adequate health plan. Some 4 million individuals without insurance are expected to pay about $55 billion over eight years, according to the Congressional Budget Office's estimates. Employers could be dinged an estimated $106 billion for failing to meet the mandate, which starts in 2014.
But that mandate money, whether it's called taxes or penalties, is overwhelmed by other taxes, fees and shrunken tax breaks in the law. These other levies could top $675 billion over the next 10 years, under the CBO's projections of how much revenue the government would lose if the law were repealed.
The biggest chunk is in new taxes on the nation's top 2 percent of earners some $318 billion over a decade.
Other major taxes are aimed at the health care industry, and some of that cost is sure to be passed along to consumers as higher prices.
A rundown of the most significant tax changes and who pays:
THE 2 PERCENT
ARTIFICIAL-SUN WORSHIPERS
THE "CADILLACS" OF COVERAGE
Read the original post:
Health care law's tax hikes are coming: Will you have to pay?
Health care workers protest contract
NORWICH, Conn. (WTNH) -- Health care workers in Norwich hit the picket line today Friday after contract talks broke down with their company Whole Life, a residential facility for people with special needs.
They provide care and help all day long, but these health care workers don't feel like they're getting much care and help from their employer. They've been negotiating a new contract with Whole Life Inc. for months, then things took a bad turn.
"Recently their employer took the unprecedented and illegal step of simply implementing the contract provisions that she wasn't able to implement otherwise," said Deborah Chernoff of the New England Health Care Employees Union.
In other words, without a new contract, Whole Life cut pay, cut holidays, and told employees they would have to pay more for their own health care,
"It's absolutely ridiculous and it's going to affect my family and all of these people's families," said Whole Life employee Lori Forbes.
"Basically, we're struggling as it is," Sheila Eldridge said. "They take this stuff away from us, we're not gonna make it."
The company these folks work for, Whole Life Inc., provides care and services for people with special needs and developmental disabilities. The state usually provides those, but the state contracts out to Whole Life thinking a private company can do it cheaper.
"They have an obligation since they are taking a lot of public money to make sure we support quality jobs," Chernoff said.
Today's event was not a strike. Workers here came on their own time to try to draw attention to the contract dispute, here at the Norwich facility and at Whole Life branches all over the state.
News 8 has calls into Whole Life for their side of the dispute. We have not heard back.
Here is the original post:
Health Reform Brings Standard Consumer Disclosures
Beginning next month, consumers will receive two new documents designed to make health insurance a lot clearer than ever before. By standardizing what health plans say about their policies and the language they use to say it, health care reform planners hope to usher in substantial improvements in public understanding of health coverage.
Follow this link:
UnitedHealthcare Recognizes Tennessee Primary Care Association for Its Commitment to Providing People in Tennessee …
BRENTWOOD, Tenn.--(BUSINESS WIRE)--
During National Health Center Week UnitedHealthcare is recognizing Tennessee Primary Care Association (TPCA) for its commitment to providing access to quality health care for economically and medically disadvantaged people living in Tennessee.
This acknowledgement illustrates UnitedHealthcares support of our mission to improve access to primary health care for people facing medical and economic challenges. It also highlights our joint commitment to help people live healthier lives - no matter their current health situation, said Kathy Wood-Dobbins, CEO for the TPCA, which provides leadership, advocacy and support as the voice for Tennessees community health centers.
The recognition is given to Federally Qualified Health Centers (FQHCs) that combine superior clinical care and excellent patient support. Health care professionals at these facilities provide Medicaid beneficiaries with access to care that is uniquely designed to address the sometimes complex needs of people living with chronic conditions, and people with high-risk medical, behavioral or social challenges.
United Health Foundation, a private, not-for-profit foundation, provides financial and clinical support to community health centers across the nation as part of its mission to improve the quality and cost-effectiveness of medical outcomes, expand access to health care services for people in challenging circumstances and for the well-being of communities. In total, the Foundation has committed more than $34 million to community health centers since 2003.
Tennessee Primary Care Association is being recognized for its commitment to patients during some of the most critical points of care, whether they are living with a chronic condition, a disability or their newborn is in need of intensive care, said Scott Bowers, president of UnitedHealthcare Community Plan in Tennessee. We commend Tennessee Primary Care Association for its continuing excellence in providing the kind of quality care Medicaid beneficiaries deserve.
About UnitedHealthcare UnitedHealthcare is dedicated to helping people nationwide live healthier lives by simplifying the health care experience, meeting consumer health and wellness needs, and sustaining trusted relationships with care providers. The company offers the full spectrum of health benefit programs for individuals, employers and Medicare and Medicaid beneficiaries, and contracts directly with more than 650,000 physicians and care professionals and 5,000 hospitals nationwide. UnitedHealthcare serves more than 38 million people and is one of the businesses of UnitedHealth Group (UNH), a diversified Fortune 50 health and well-being company.
About United Health Foundation Guided by a passion to help people live healthier lives, United Health Foundation provides helpful information to support decisions that lead to better health outcomes and healthier communities. The Foundation also supports activities that expand access to quality health care services for those in challenging circumstances and partners with others to improve the well-being of communities. After its establishment by UnitedHealth Group [NYSE: UNH] in 1999 as a not-for-profit, private foundation, the Foundation has committed more than $200 million to improve health and health care. For additional information, please visit http://www.unitedhealthfoundation.org.
Continued here:
Millions of Fish-Killing Plastic Pellets Wash Up on Hong Kong Beaches
Have you ever heard of a nurdle? Me neither—until I read a Discovery story that, “Chinese oil major Sinopec on Thursday offered to help pay to clean up tonnes of plastic pellets that have fouled Hong Kong beaches since a spill at sea during a typhoon two weeks ago.”
Continued here:
Millions of Fish-Killing Plastic Pellets Wash Up on Hong Kong Beaches
Required skimming: space and astronomy
This month, CJR presents Required Skimming, a daily miniguide to our staffers beats and obsessions, ranging from finance to food. If we overlooked any of your must-read destinations, please tell us in the comments.
Space.com: The most comprehensive website devoted the latest happenings in astronomy, space exploration, and sky watching.
NBCNews.coms Cosmic Log: Science editor Alan Boyle delivers diverse, often quirky, observations and commentary on topics ranging from space and cosmology to quantum physics and cutting-edge technology.
Discover Magazines Bad Astronomy blog: Astronomer-turned-writer Phil Plait provides expert analysis of hot topics in space and cosmology, from solar storms to exoplanets, often with a refreshing dose of media criticism.
NASA Watch: Critical analysis of the US space program, American politics and policy, the commercial spaceflight industry, and the International Space Station.
Spaceflight Now: Up-to-date information on the latest manned and unmanned space missions and launch schedules in the US and worldwide.
Wireds Beyond Apollo blog: Author and space historian David S.F. Portree covers the latest in exploration and technology with an emphasis on missions and programs planned but not flown (that is, the vast majority of them).
Read this article:
Astronomy Extravaganza at S.B. Museum of Natural History
Story Created: Aug 10, 2012 at 8:07 AM PDT
Story Updated: Aug 10, 2012 at 10:14 AM PDT
To celebrate the meteor shower the Santa Barbara Museum of Natural History will be holding an Astronomy Extravaganza this Saturday.
To tell us more about the incoming meteor shower we welcomed the museum's Astronomy Programs Manager, Javier Rivera, to our set for KEY News This Morning. Rivera even made us a comet on set.
The Astronomy Extravaganza will take place at the Santa Barbara Museum of Natural History this Saturday from ten a.m. to ten p.m. It will feature comet demos, planetarium shows, a free telescope raffle as well as an assortment of other activities.
For more information go to sbnature.org/about/385.html.
Continued here:
Peter Bardwick of Rocket Fuel to Present at 2012 Pacific Crest Global Leadership Technology Forum
REDWOOD SHORES, CA--(Marketwire -08/10/12)- Rocket Fuel Inc., the leading provider of artificial intelligence advertising solutions for digital marketers, today announced that Chief Financial Officer Peter Bardwick will present at the 2012 Pacific Crest Global Leadership Technology Forum. The 14th annual event will take place August 12-14 at the Sonnenalp Resort in Vail, Colorado.
Key Facts:
Resources:
About Rocket Fuel:Rocket Fuel is the leading provider of artificial intelligence advertising solutions that transform digital media campaigns into self-optimizing engines that learn and adapt in real-time, and deliver outstanding results from awareness to sales. Recently awarded #22 in Forbes Most Promising Companies in America list, over 700 of the world's most successful marketers trust Rocket Fuel to power their advertising across display, video, mobile, and social media. Founded by online advertising veterans and rocket scientists from NASA, DoubleClick, IBM, and Salesforce.com, Rocket Fuel is based in Redwood Shores, California, and has offices in fifteen cities worldwide including New York, London, Toronto, and Hamburg.
2012 Rocket Fuel Inc. All rights reserved. Rocket Fuel Inc. is a registered trademark of Rocket Fuel Inc. in the U.S. and/or other countries. All other trademarks are the property of their respective owners.
Here is the original post:
Peter Bardwick of Rocket Fuel to Present at 2012 Pacific Crest Global Leadership Technology Forum
Lockheed Martin To Authorize Canada's Cascade Aerospace As A C-130 Heavy Maintenance Center
ABBOTSFORD, British Columbia, Aug. 10, 2012 /PRNewswire/ -- Lockheed Martin (LMT) announced today at the 50th anniversary Abbotsford International Air Show that Cascade Aerospace will be authorized as a C-130 Heavy Maintenance Center (HMC) only the second such center in the world. Cascade is currently a Hercules Service Center (HSC) and conducts in-service support for Canada's legacy CC-130 and new CC-130J fleets.
"During its time as an existing Hercules maintainer, Cascade has demonstrated it has both the capability and process integrity to be certified as a C-130 Heavy Maintenance Center," said George Shultz, Lockheed Martin vice president and general manager for C-130 programs. "As we see worldwide interest in C-130 support expand, it is incumbent upon us to ensure that qualified and experienced companies support the Hercules community. Cascade is dedicated to supporting Canada's CC-130 fleet and authorizing its role as an HMC provider is a natural step in our overall partnership."
"We are honored to receive this prestigious status from Lockheed Martin," said David Schellenberg, Cascade Aerospace CEO. "We are privileged to have Lockheed Martin's respect and credibility behind it, and to be positioned as one of only two C-130 HMCs in the world. With more than 1,450 C-130s currently operating in 65 countries around the globe as well as Lockheed Martin's C-130J delivery backlog and strong order book this much-appreciated standing will significantly increase the international opportunities for Cascade Aerospace."
Lockheed Martin delivered Canada's 17th CC-130J aircraft to the Royal Canadian Air Force at 8 Wing Trenton earlier this year, completing the order Canada placed in December 2007 and delivering the aircraft on budget and three months ahead of schedule. Cascade's team supports the day-to-day activities of both the CC-130J and legacy model aircraft at 8 Wing Trenton, the hub of air mobility operations in Canada.
Lockheed Martin awarded a 20-year contract in 2010 to Cascade for maintenance services to support Canada's new CC-130Js. Cascade also provides fleet management services directly to the RCAF for their legacy model C-130 fleet. Cascade is one of only two Lockheed Martin-authorized Hercules Service Centers in the western hemisphere and one of 13 worldwide. An HMC is one that is authorized to do work on the new C-130J aircraft whereas an HSC is authorized to do work on the legacy C-130B-H aircraft.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation's net sales for 2011 were $46.5 billion.
For additional information, visit our websites:http://www.lockheedmartin.com http://www.codeonemagazine.com
Read the original here:
Lockheed Martin To Authorize Canada's Cascade Aerospace As A C-130 Heavy Maintenance Center
United Technologies Can Fly Past $100 With Broader Aerospace Reach
The Goodrich acquisition makes UTC one of the largest suppliers of systems and services for the aerospace industry and positions it firmly for a larger share of the growth anticipated in commercial aerospace industry over the next couple of decades.
Go here to read the rest:
United Technologies Can Fly Past $100 With Broader Aerospace Reach
State of Education: Nanotechnology studies
At the UAlbany College of Nanoscale Science and Engineering, students and residents from across the state spent their summer doing nanotechnology research. Vince Gallagher has a look at what went on.
To view our videos, you need to enable JavaScript. Learn how. install Adobe Flash 9 or above. Install now. Then come back here and refresh the page.
"That shape allows it to combine to certain proteins on the cancer cell surface and then we can use that to deliver drugs directly to those cancer cells," explained Brad Sutliff, a student from Syracuse.
Another worthy project is brain tumor research
"I found there's a barrier that surrounds the brain, it's actually a fluid that filters out the toxins in the blood, and certain toxins are thought as drugs so the brain rejects them," said Patricia Massa, a Clifton Park student.
So a solution is in the works. There's also a common theme between three students: nano-economics.
"The first student has focused on the aspects of entrepreneurial technology development, looking at incubation, funding, and other aspects of it. The second student looked at how does that compare to other universities, and what are the factors as to why certain universities succeed and others don't do quite as well," said Michael Fancher, nano-economics associate professor.
The third student applied that knowledge to smart cities technology. But regardless of the project, whether it's nano-engineering, nano-science, or nano-bioscience, this field of study is practically a necessity for the 21st century student.
It's something that puts a point on it to basically to help the economy by using all these researchers and basically help us come up with new products, said Sina Shahrezai, a student.
"You can definitely see the differences in all the posters around here, everybody is very specific about what they're doing, but without and understanding of the broad topic, it becomes very difficult to actually narrow it down," said Massa.
Originally posted here:
State of Education: Nanotechnology studies
Nanotechnology-enhanced DNA analysis
European researchers enhanced the selectivity of state-of-the-art genetic sequencing methods using nanotechnology. Immediate application in detection of strains of Salmonella and Staphylococcus should facilitate speedy identification and treatment of related illnesses.
The Human Genome Project, completed in 2003 after 13 years of collaborative research, was one of the most ambitious scientific undertakings in the last 50 years. Scientists mapped the entire human genome, identifying all of the genes present in human deoxyribonucleic acid (DNA).
Completion of the project resulted in the creation of a genetic database and analysis tools for researchers that spurred the genomic bioscience revolution as well as innumerable medical advances.
One of the latest tools used by genetic scientists is called a DNA microarray, or DNA chip. It consists of a solid surface on which thousands of various DNA sequences (probes) are attached as DNA spots.
Sample genetic material is squirted onto the DNA chip. Only complementary forms of the same sequences (target sequences) bind strongly, much like a lock and key. So, the DNA microarray can be used to identify which genetic sequences are present in samples and to what degree.
European researchers initiated the Nano-biotechnical components of an advanced bioanalytical microarray system (Gensensor-Nanoparts) project to enhance the robustness and reliability of DNA chip techniques.
Among the many achievements, scientists used computer simulations to identify unique DNA sequences highly specific to five different microorganisms including strains of Salmonella and Staphylococcus that can cause health problems in humans.
Locked nucleic acids (LNAs), so called because they are forms of nucleic acids whose structures are sort of locked in place, are often used to increase sensitivity and specificity in DNA microarray experiments.
Project scientists used nanotechnology to develop LNA-coupled magnetic nano-beads for selective extraction of target DNA sequences.
Gensensor-Nanoparts investigators thus enhanced the selectivity and robustness of DNA microarray technology in identifying strains of Salmonella and Staphylococcus. The technology should prove useful not only in identifying specific organisms but in gene expression analysis as well.
Read more here:
Nanotechnology-enhanced DNA analysis
Grant to benefit Columbia-Bassett Medical School student
August 9, 2012 Grant to benefit Columbia-Bassett Medical School student
Anonymous The Cooperstown Crier Thu Aug 09, 2012, 10:20 PM EDT
The Central New York KeyBank Foundation Committee has awarded Friends of Bassett Healthcare Network a four-year grant of $120,000 to provide scholarship support for one student over the course of their four year Columbia-Bassett Medical School experience beginning this fall, according to a media release from Bassett.
Innovative ways of attracting highly skilled physicians to practice in rural areas are crucial given the changing health care environment, Stephen D. Fournier, president of KeyBanks Central New York District said in the release. The Columbia-Bassett program goes well beyond that by also preparing medical school students to lead the health systems of the future, and thats why KeyBank felt it was important to demonstrate the Foundations support of the program in such a meaningful way.
Columbia-Bassett Assistant Dean for Education Dr. Henry Weil said in the release that the KeyBank grant will be life changing for the student who receives it.
Young physicians coming out of medical school face educational debts that can exceed $200,000, which forces them to make career decisions based upon maximizing their earning potential, Weil said. Our goal has been to make rural practice a more attractive and viable option by limiting future debt through substantial financial assistance, like the scholarship KeyBank will provide to one deserving medical school student.
The Columbia-Bassett Medical School Program is a collaborative endeavor of Bassett Medical Center in Cooperstown and the College of Physicians and Surgeons at Columbia University in New York City. The program annually recruits 10 exceptional students with an interest in providing care in underserved rural communities and learning how to manage health care systems that promote both quality and cost-effective delivery of care. Bassett Medical Center underwrites the cost of education for the students, providing $30,000 in scholarships per year per student. The students spend their first 18 months learning the basic science curriculum with the rest of their class in New York City, but their clinical training for the following two-and-one-half years is based at Bassett Medical Center.
According to the release, this unique program attracts more than 750 applicants each year for the 10 slots. Applicants are from across the country and are among the most qualified of those applying to medical school.
Read more:
Grant to benefit Columbia-Bassett Medical School student
Halozyme Therapeutics and Zalicus Recent Movers in a Booming Industry
NEW YORK, NY--(Marketwire -08/09/12)- The Biotechnology Industry has been soaring in 2012 as companies -- both large and small -- have shown impressive growth. The SPDR S&P Biotech ETF (XBI) and the First Trust NYSE Arca Biotech Index ETF (FBT) are up roughly 32 percent for the year, outperforming the broader market by a wide margin. The Paragon Report examines investing opportunities in the Biotechnology Industry and provides equity research on Halozyme Therapeutics, Inc. (HALO) and Zalicus Inc. (ZLCS).
Access to the full company reports can be found at:
http://www.ParagonReport.com/HALO http://www.ParagonReport.com/ZLCS
Despite having to negotiate a more challenging regulation process biotech companies have continued to show investors strong gains in 2012. The FDA Amendments Act of 2007 forced regulators to increase standards for approvals of new drugs, introducing mandatory risk evaluation and mitigation strategies. According to a Pharmaceuticals & Biotechnology report from IMAP, several pharmaceutical firms have altered their drug portfolios from primary care driven blockbusters towards specialties such as oncology, immunology and inflammation, where the medical need is "so high that prices are more easily accepted by the regulators."
Paragon Report releases regular market updates on the Biotechnology Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at http://www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Halozyme Therapeutics' research focuses primarily on a family of human enzymes, known as hyaluronidases, which increase the absorption and dispersion of biologics, drugs and fluids. Shares of the company soared 25 percent on Tuesday reported second quarter 2012 earnings.
Zalicus is a biopharmaceutical company that discovers and develops novel treatments for patients suffering from pain and immuno-inflammatory diseases. The company reported that for the second quarter 2012 revenue was $2.9 million compared to $1.8 million for the second quarter 2011. Shares of the company surged nearly 12 percent Tuesday.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.paragonreport.com/disclaimer
See the original post:
Halozyme Therapeutics and Zalicus Recent Movers in a Booming Industry
Savient Pharmaceuticals and PDL BioPharma Rise on Strong Earnings
NEW YORK, NY--(Marketwire -08/10/12)- The Biotechnology Industry has been soaring in 2012 as companies -- both large and small -- have shown impressive growth. The SPDR S&P Biotech ETF (XBI) and the First Trust NYSE Arca Biotech Index ETF (FBT) are up roughly 30 percent for the year, outperforming the broader market by a wide margin. The Paragon Report examines investing opportunities in the Biotechnology Industry and provides equity research on Savient Pharmaceuticals, Inc. (SVNT) and PDL BioPharma Inc. (PDLI).
Access to the full company reports can be found at:
http://www.ParagonReport.com/SVNT
http://www.ParagonReport.com/PDLI
Despite having to negotiate a more challenging regulation process biotech companies have continued to show investors strong gains in 2012. The FDA Amendments Act of 2007 forced regulators to increase standards for approvals of new drugs, introducing mandatory risk evaluation and mitigation strategies. According to a Pharmaceuticals & Biotechnology report from IMAP, several pharmaceutical firms have altered their drug portfolios from primary care driven blockbusters towards specialties such as oncology, immunology and inflammation, where the medical need is "so high that prices are more easily accepted by the regulators."
Paragon Report releases regular market updates on the Biotechnology Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at http://www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Savient Pharmaceuticals is a specialty biopharmaceutical company focused on developing and commercializing KRYSTEXXA (pegloticase) for the treatment of chronic gout in adult patients refractory to conventional therapy. Shares of company soared over 24 percent Wednesday after the company reported their second quarter loss decreased when compared with the year ago quarter.
PDL pioneered the humanization of monoclonal antibodies and, by doing so, enabled the discovery of a new generation of targeted treatments for cancer and immunologic diseases. Net income for the second quarter of 2012 was $73.5 million, or $0.52 per diluted share, as compared with net income of $70.0 million, or $0.38 per diluted share, in the same quarter of 2011.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.paragonreport.com/disclaimer
See the rest here:
Savient Pharmaceuticals and PDL BioPharma Rise on Strong Earnings