Monthly Archives: June 2010

J&J unit acquires RespiVert

Johnson & Johnson’s Centocor Ortho Biotech unit said Tuesday it bought RespiVert Ltd., a company developing treatments for asthma and other lung diseases. Respivert is testing anti-inflammatory drugs that are intended ... Read More

Hospira’s generic antibiotic gets FDA green light

Hospira Inc. said Tuesday the Food and Drug Administration has approved its generic version of AstraZeneca’s antibiotic Merrem. The FDA cleared Hospira’s version of intravenous meropenem in 500-milligram and 1-gram vials. ... Read More

Hitachi to invest in ‘social innovation’

Hitachi Ltd. said Monday it will invest 1 trillion yen ($11 billion), or about 70% of its capital expenditure over the next three years, on its “social innovation” businesses, which include ... Read More

Grifols to purchaseTalecris for $3 billion

Grifols SA of Spain plans to buy Talecris Biotherapeutics Holdings Corp., a U.S. maker of plasma medicines part-owned by Cerberus Capital Management LP, for more than $3 billion, according to people ... Read More

Gov. Nixon announces creation of 300 new high-tech jobs in St. Louis

Unisys to locate new application modernization center to provide Information Technology services to federal agencies and other clients. Gov. Jay Nixon today took part in the official announcement that worldwide information ... Read More

Gerdau to buy rest of Ameristeel for $1.7 billion

Brazilian steelmaker Gerdau offered to pay up to $1.7 billion to take full ownership of its North American unit, looking to reduce borrowing costs and increase efficiency. Gerdau on Wednesday bid ... Read More

General Dynamics Land Systems wins contract for weapons station

Sterling Heights-based General Dynamics Land Systems announced it has been awarded a $92 million contract to supply mounted weapon stations to the U.S. Army Tacom Life Cycle Management Command in Warren. ... Read More

Four Missouri cities in the top 100 for job growth

According to NewGeography’s 2010 BestCities rankings, Missouri is home to many of the top cities for job growth in the country. St. Joseph ranked 5th overall and among small cities. Columbia ... Read More

Ford taps Toshiba to make motors for hybrid

Toshiba said on June 23 it will build electric motors for a new Ford hybrid vehicles at its plant in the United States. The company, already building motors for bullet trains, ... Read More

FDA approves Amgen’s anti-osteoporosis drug, Prolia

Federal regulators approved Amgen Inc.’s anti-osteoporosis drug, Prolia, on Tuesday for use by postmenopausal women who face a high risk of bone fractures. One of every two women over the age ... Read More