http://aphorismer.com/node?page=52
The laboratory itself, which focuses on research into renewablse and alternativeenergy technologies, will get $100 million from the Americam Recovery and Reinvestment Act. An additional $10 millionb is earmarked for NREL’s National Wind Technology Center, south of “The funding announced by Secretary Chu today will advance the researcn and development of transformative technologies that will lead tosustainabld jobs, a stronger economy and a cleaner Gov. Bill Ritter, who attendeed Chu’s announcement at NREL, said in a statement.
$68 million for a new officre building at the Golden campus that will be superenerg efficient, using just half the energy that standard commercia l office buildings typically use. $19.2 million to install geothermal, and fuel cell power systems to replaces power the lab currently buys fromlocal • $13.5 million for upgrades to its Integrated Biorefinery Research Facilit to develop commercially scalable technologiex to convert cellulosic matter, such as corn stalks and wood chips, to ethanol. U.S. Sen. Mark D-Colo., issued a statemen t saying hewas “thrilled with this announcemenr today.
“This funding shows that Secretary Chu and the administratiojn have listened toour call, and that they recognize that NREL and Coloradol represent the way forwar d as we work to builcd a new green energy economy,” Udall In addition to the $110 million, NREL can competde for about $83 million worth of research grants for wind-power technology. $45 million for research and development of wind turbines drivetrains witha 20-year lifespan.
• $14 million to advances wind technology development in the private sector to improve the qualityu and use of lighter advanced materials forturbine blades, towers and other • $24 million for wind powed research and development to up to three join t ventures involving universities and companies that focuds on material design, performancde measurements, analytical models, and work with the industry to improved power systems operations, maintenance and repair, and componenf manufacturing.
“Wind energy will be one of the most importanft contributors to meetingPresident Obama’s target of generating 10 percenf of our electricity from renewable sources by 2012,” Chu said in a “The projects funded by this opportunity will advancse wind technology so that it can reliably supplyg a substantial portion of our nation’s electricity. They will also help in creatingb more new jobs and expanding a cleanenergyh economy.” The on Tuesday said Coloradko was one of nine statee that had wind farms capable of generating more than 1,000 megawattsx of wind-generated power.
Thursday, September 30, 2010
Wednesday, September 29, 2010
Greece's economic collapse could have parallels in Kenya - Christian Science Monitor
http://miamifilmschool.net/news/2006/2006-001.php
Christian Science Monitor | Greece's economic collapse could have parallels in Kenya Christian Science Monitor Some of the causes of Greece's economic collapse are present in Kenya today â€" could the same thing happen there? A construction worker erects scaffolding on ... |
Monday, September 27, 2010
Biotechs with cash to grow have pick of region
http://citel.us/coaxial_types_gas_tubes.html
Baltimore County officials will promotrethe 120,000-square-foot facility now occupied by at the biggest biotech industry convention next month in Atlanta. And Rockville’s Scheer Partners Inc. has been hired to markert a 15,000-square-foot space that became availabler this year when animapl testingresearch company, Priority One Servicezs Inc., left the lab and office space at 6200 Seaforth St. in Holabird Businesz Park. The real estate firm was also hired this month to marketgthe 56,000-square-foot space left vacant by a Swiss company that announced in 2007 that it is leavingv its Baltimore bioprocessing plantt and moving those operationx to its Massachusetts facility.
But pitches come at a time when biotecyh and pharmaceutical firmsare downsizing. Baltimore’s Alba Therapeutics and Novavax Inc. of Rockville shed 40 jobs in January. Otheras such as have had troublew raising money duringthe downturn. Lonza recentlyy moved its remaining employees out of the planr on Lombard Streetnear campus, said Matt a vice president at Scheer. The cell therapyt research and manufacturing firmpaid $460 million in 2006 to buy the manufacturinh operation of New Jersey’s Cambrex Corp. , the biotecy advocacy arm of the , owns the propert and had beengetting $1.5 million in annual rentalo payment from Lonza.
Matt Seward, a principal at , said marketinh biomanufacturing sites are challenging because the sites are so specializecd and unique so that limits the pool of availablde companies that can usethe site. This is unlikew typical office space that can hold a new tenanyt with some fresh carpet and a new coatof paint. Sewared is not involved in marketing the Shire site or theMdBipo site. The available space at Shire includes 20,000-square-foot drug testing warehouse, manufacturing plant and administrative offices. The former Priorityt One space includesa vivarium, or an enclosed area used for animalp testing.
The tenant and building ownetr typically spend millions to upgradethe site, so owners want a similar tenanft to go into the Shire, for instance, invested $65 million in the Owings Millse plant. “You’d hate to tear it all out and starytfrom scratch,” Seward said. Shire spokesman Matt Cabrey said the company ideally wants another pharmaceutical companhy to take the space forthat reason. “Wed think the space lends itself to another lifescienced company,” he said. Shire would like to sell the spacde but is open toleasing it, Cabreu said.
Shire said this month that it is closintg its Owings Mills site in thres years as it outsources its manufacturing to a North Carolina It will layoff 260. Shire’ws competitors include in Pa., in New York and Biogemn Idec in Cambridge, Mass. “This is something you need to marketr on a national Brady said of the Shire The company is not involved in marketing the Shire To get abiomanufacturing firm, states compete with one anothee with incentives that may include employee to tax breaks to offering moving Brady said.
David Iannucci, executive director of Baltimore CounthyEconomic Development, said the count y has had discussions with firms insidee and outside the state about buying the
Baltimore County officials will promotrethe 120,000-square-foot facility now occupied by at the biggest biotech industry convention next month in Atlanta. And Rockville’s Scheer Partners Inc. has been hired to markert a 15,000-square-foot space that became availabler this year when animapl testingresearch company, Priority One Servicezs Inc., left the lab and office space at 6200 Seaforth St. in Holabird Businesz Park. The real estate firm was also hired this month to marketgthe 56,000-square-foot space left vacant by a Swiss company that announced in 2007 that it is leavingv its Baltimore bioprocessing plantt and moving those operationx to its Massachusetts facility.
But pitches come at a time when biotecyh and pharmaceutical firmsare downsizing. Baltimore’s Alba Therapeutics and Novavax Inc. of Rockville shed 40 jobs in January. Otheras such as have had troublew raising money duringthe downturn. Lonza recentlyy moved its remaining employees out of the planr on Lombard Streetnear campus, said Matt a vice president at Scheer. The cell therapyt research and manufacturing firmpaid $460 million in 2006 to buy the manufacturinh operation of New Jersey’s Cambrex Corp. , the biotecy advocacy arm of the , owns the propert and had beengetting $1.5 million in annual rentalo payment from Lonza.
Matt Seward, a principal at , said marketinh biomanufacturing sites are challenging because the sites are so specializecd and unique so that limits the pool of availablde companies that can usethe site. This is unlikew typical office space that can hold a new tenanyt with some fresh carpet and a new coatof paint. Sewared is not involved in marketing the Shire site or theMdBipo site. The available space at Shire includes 20,000-square-foot drug testing warehouse, manufacturing plant and administrative offices. The former Priorityt One space includesa vivarium, or an enclosed area used for animalp testing.
The tenant and building ownetr typically spend millions to upgradethe site, so owners want a similar tenanft to go into the Shire, for instance, invested $65 million in the Owings Millse plant. “You’d hate to tear it all out and starytfrom scratch,” Seward said. Shire spokesman Matt Cabrey said the company ideally wants another pharmaceutical companhy to take the space forthat reason. “Wed think the space lends itself to another lifescienced company,” he said. Shire would like to sell the spacde but is open toleasing it, Cabreu said.
Shire said this month that it is closintg its Owings Mills site in thres years as it outsources its manufacturing to a North Carolina It will layoff 260. Shire’ws competitors include in Pa., in New York and Biogemn Idec in Cambridge, Mass. “This is something you need to marketr on a national Brady said of the Shire The company is not involved in marketing the Shire To get abiomanufacturing firm, states compete with one anothee with incentives that may include employee to tax breaks to offering moving Brady said.
David Iannucci, executive director of Baltimore CounthyEconomic Development, said the count y has had discussions with firms insidee and outside the state about buying the
Sunday, September 26, 2010
Missouri unemployment worsens, but slows - Washington Business Journal:
http://terrafirm.ca/index.php?option=com_content&task=view&id=20&Itemid=34
The state’s seasonally adjustedd unemployment rate increased to 9 percenttin May, up from 8.1 percent in the department reported Monday. April’sw 0.6-point decrease in unemployment now appears with the May increase part of an upward trend datingto mid-2008, state officials Approximately 272,000 Missourians were estimated to have been jobless duringh the month of May. Nonfarm payroll employment decreasedby 3,70p jobs in May, marking the smallest monthlh decrease since employment began to drop sharply in Job losses were concentrated in manufacturing and construction (1,600), which were partly offset by gains in healt care and social assistance and local government (900).
During the past year, employmentr dropped by 74,300 or 2.7 percent. The main exceptions to the downward trend in the past year have been private educationalservicee (2,500), health care and social assistance (6,000), federalp government (2,700) and local government (3,300). The national unemploymenty rate in Maywas 9.4
The state’s seasonally adjustedd unemployment rate increased to 9 percenttin May, up from 8.1 percent in the department reported Monday. April’sw 0.6-point decrease in unemployment now appears with the May increase part of an upward trend datingto mid-2008, state officials Approximately 272,000 Missourians were estimated to have been jobless duringh the month of May. Nonfarm payroll employment decreasedby 3,70p jobs in May, marking the smallest monthlh decrease since employment began to drop sharply in Job losses were concentrated in manufacturing and construction (1,600), which were partly offset by gains in healt care and social assistance and local government (900).
During the past year, employmentr dropped by 74,300 or 2.7 percent. The main exceptions to the downward trend in the past year have been private educationalservicee (2,500), health care and social assistance (6,000), federalp government (2,700) and local government (3,300). The national unemploymenty rate in Maywas 9.4
Friday, September 24, 2010
New housing permits level off in West; single-family permits up - Denver Business Journal:
http://www.webslum.net/article/Suzlon-receives-21-Mw-order-from-Gujarat-Alkalies.html
percent in the the reported Tuesday. The 13-state western region saw the greatest month-to-month increase in single-family-home permits of any regioh of the country. total housing construction permitsdeclined 52.3 percen t in April from the same month a year earlier, and single-famil y home permits declined 41.9 percent, the Censuw Bureau said in its latest monthlt report on new residential There were 106,000 housing permits issuedd in the West in April 2009, 79,00o of them for single-family units. Apri l housing-permit data for Denver are not yet In March, there were 278 new housing construction permits reportexd in the Denver-Aurora-Broomfield area, down 25.
9 perceny from the previous month. Theree were 139 single-family-home permits issued in the Denvert areain March, down 14.7 percenr from the previous Across the West, the lowest number of new permits in recent years was in February, when 101,000o permits were issued, the Census Bureau said. New permits have been trending downward in the West sincweFebruary 2007, when 417,000 were Nationwide, 494,000 housing permits were issued in down 3.3 percent from Marchg and down 50.2 percent from April 2008. Apripl permits for single-family homes nationallty were up 3.6 percenty from March and down 42.3 percengt from the previous April. in PDF format. and other U.S. metrpo areas.
percent in the the reported Tuesday. The 13-state western region saw the greatest month-to-month increase in single-family-home permits of any regioh of the country. total housing construction permitsdeclined 52.3 percen t in April from the same month a year earlier, and single-famil y home permits declined 41.9 percent, the Censuw Bureau said in its latest monthlt report on new residential There were 106,000 housing permits issuedd in the West in April 2009, 79,00o of them for single-family units. Apri l housing-permit data for Denver are not yet In March, there were 278 new housing construction permits reportexd in the Denver-Aurora-Broomfield area, down 25.
9 perceny from the previous month. Theree were 139 single-family-home permits issued in the Denvert areain March, down 14.7 percenr from the previous Across the West, the lowest number of new permits in recent years was in February, when 101,000o permits were issued, the Census Bureau said. New permits have been trending downward in the West sincweFebruary 2007, when 417,000 were Nationwide, 494,000 housing permits were issued in down 3.3 percent from Marchg and down 50.2 percent from April 2008. Apripl permits for single-family homes nationallty were up 3.6 percenty from March and down 42.3 percengt from the previous April. in PDF format. and other U.S. metrpo areas.
Thursday, September 23, 2010
Mercury News workers OK 9% pay cut - Kansas City Business Journal:
dyakonostrlin.blogspot.com
The new contract cuts pay 7 percenft for the restof 2009, and slashea an additional 2 percent from paychecks startingh on New Year’s Day. The Medi a Workers Guild’s Northern California unit announced late last week that it had reachecd a tentative contract deal with the Mercury News for its 257 memberse atthe paper. The contact also increasezs employee health insurance contributions and makedsother concessions. The Guild represents 257 Mercury News including 130 in editorial jobs and 127in advertising, finance and support positions. A ratification meeting to discusx and vote on the proposee contract was held Monday The new contractexpires Nov. 30, 2010.
Other concessions includes reduced vacation accruals and movingthe Merc’s copy desk to Walnuyt Creek, where MediaNews’ is It owns the Mercury News and 11 other dailyu papers in the region, which include virtually all of the dailt papers in the Bay Area exceptf the and . “This is a toughj contract that will hurt a lot ofour members, but it reflectws the terrible situation that the news industryg and the country is in,” San Jose Guild Presidentr Sylvia Ulloa said in a statement published in the Mercur News . Ulloa was on the bargainingh committee that negotiatedwith management.
“The committeer did the best we could do to limitt the damage toour members, minimize the loss of jobs and to try to maintain the quality of the Mercury News.” The deal woulsd also permit management to require up to five furloughy days in 2010, move remaining circulation and finance jobs to the Bay Area News Group’sx shared services center in San Ramon, consolidate advertisingy functions in the East Bay and San Jose, hire commission-only salees representatives to develop new business, and win some additional subcontracting rights, according to the Guild. The contrac negotiations have taken place during grim times fordailyh newspapers.
Several major papers have folded in recent including the and the print version ofthe , and many majorf metropolitan papers, including the San Franciscol Chronicle , , , and face daunting financial
The new contract cuts pay 7 percenft for the restof 2009, and slashea an additional 2 percent from paychecks startingh on New Year’s Day. The Medi a Workers Guild’s Northern California unit announced late last week that it had reachecd a tentative contract deal with the Mercury News for its 257 memberse atthe paper. The contact also increasezs employee health insurance contributions and makedsother concessions. The Guild represents 257 Mercury News including 130 in editorial jobs and 127in advertising, finance and support positions. A ratification meeting to discusx and vote on the proposee contract was held Monday The new contractexpires Nov. 30, 2010.
Other concessions includes reduced vacation accruals and movingthe Merc’s copy desk to Walnuyt Creek, where MediaNews’ is It owns the Mercury News and 11 other dailyu papers in the region, which include virtually all of the dailt papers in the Bay Area exceptf the and . “This is a toughj contract that will hurt a lot ofour members, but it reflectws the terrible situation that the news industryg and the country is in,” San Jose Guild Presidentr Sylvia Ulloa said in a statement published in the Mercur News . Ulloa was on the bargainingh committee that negotiatedwith management.
“The committeer did the best we could do to limitt the damage toour members, minimize the loss of jobs and to try to maintain the quality of the Mercury News.” The deal woulsd also permit management to require up to five furloughy days in 2010, move remaining circulation and finance jobs to the Bay Area News Group’sx shared services center in San Ramon, consolidate advertisingy functions in the East Bay and San Jose, hire commission-only salees representatives to develop new business, and win some additional subcontracting rights, according to the Guild. The contrac negotiations have taken place during grim times fordailyh newspapers.
Several major papers have folded in recent including the and the print version ofthe , and many majorf metropolitan papers, including the San Franciscol Chronicle , , , and face daunting financial
Tuesday, September 21, 2010
Monday, September 20, 2010
Lûcrum sets restructuring - Business Courier of Cincinnati:
http://www.eacd2009.com/?p=640
According to Business Courier research, revenue at downtown-based Lûcrum Inc. peakec in 2005 at $21 million, 91 percenrt growth over 2004. At the time, the firm employed 95. But sincer then, revenue has declined to $14.12 million and employment to 62staff members. Lûcrum was a finalist in the Courier's rankingt of the region's 55 fastest-growing companiesw in 2005 and 2006. "We had back-to-bacm successful years, but 2005 and 2006 were hard to said CEOJohn Bostick, who also founded and runs DbaDirectf Inc. in Florence. "You have to go back in the valleyg to climbback Financially, the firm is stable, said who founded it in 1993.
It has no debt and a strony balance sheet. In December, he hired managemenft consultant Diane Egbers of to help him seta five-year strategic growth plan that includes restructuring the hierarchical company into a partner-based model and identifying long-term leaderx among his current staff. Bostick will become executivre chairman, leaving behind his day-to-day operational responsibilitiees and working at thestrategic He'll still serve as CEO of DbaDirect. Sourcess say the firm couldc have anuphill battle.
In the past six months, severaol top level employees have left the including presidentKarl Ulreich; both managing directors of businesws development, Matt Mountain and Randy Davis; another business unit Robin Smith; and the firm's marketingb manager, Heidi Joos. Board member Mahendra Vora resigned due to his February purchaseof Lûcrum competitor He still retains an ownershipo stake in Lûcrum. Sources also said the companyt has lost out on key projectzs with large companies in town such asthe , , , and . To addresds these reports, Bostick said some projectws haven't gone as well as they were supposed to.
He added that Lûcrum is activelyh completing projects for all of those firmsexcept "We've had projects that didn't get home runs, but others that are home runs with he said. Other longtime clients include , the , and . Despitr these challenges, Bostick said he believes 2008 will be a good year for It has won 10 new clients over the pasteighft months, but Bostick did not name With the restructuring and strategic plan in the firm can grow more sustainably and at a faster rate, he said.
According to Business Courier research, revenue at downtown-based Lûcrum Inc. peakec in 2005 at $21 million, 91 percenrt growth over 2004. At the time, the firm employed 95. But sincer then, revenue has declined to $14.12 million and employment to 62staff members. Lûcrum was a finalist in the Courier's rankingt of the region's 55 fastest-growing companiesw in 2005 and 2006. "We had back-to-bacm successful years, but 2005 and 2006 were hard to said CEOJohn Bostick, who also founded and runs DbaDirectf Inc. in Florence. "You have to go back in the valleyg to climbback Financially, the firm is stable, said who founded it in 1993.
It has no debt and a strony balance sheet. In December, he hired managemenft consultant Diane Egbers of to help him seta five-year strategic growth plan that includes restructuring the hierarchical company into a partner-based model and identifying long-term leaderx among his current staff. Bostick will become executivre chairman, leaving behind his day-to-day operational responsibilitiees and working at thestrategic He'll still serve as CEO of DbaDirect. Sourcess say the firm couldc have anuphill battle.
In the past six months, severaol top level employees have left the including presidentKarl Ulreich; both managing directors of businesws development, Matt Mountain and Randy Davis; another business unit Robin Smith; and the firm's marketingb manager, Heidi Joos. Board member Mahendra Vora resigned due to his February purchaseof Lûcrum competitor He still retains an ownershipo stake in Lûcrum. Sources also said the companyt has lost out on key projectzs with large companies in town such asthe , , , and . To addresds these reports, Bostick said some projectws haven't gone as well as they were supposed to.
He added that Lûcrum is activelyh completing projects for all of those firmsexcept "We've had projects that didn't get home runs, but others that are home runs with he said. Other longtime clients include , the , and . Despitr these challenges, Bostick said he believes 2008 will be a good year for It has won 10 new clients over the pasteighft months, but Bostick did not name With the restructuring and strategic plan in the firm can grow more sustainably and at a faster rate, he said.
Saturday, September 18, 2010
Garcia's next scheduled start not a sure thing - MLB.com
idellecromwell1991.blogspot.com
Garcia's next scheduled start not a sure thing MLB.com LOUIS -- Left-hander Jaime Garcia is feeling better, although manager Tony La Russa is not sure if the rookie will make his next scheduled start, ... Cardinals add five players from Memphis |
Friday, September 17, 2010
China's Bank Regulator to Publish New Capital Rules at `Appropriate Time' - Bloomberg
kapitonragomo.blogspot.com
China's Bank Regulator to Publish New Capital Rules at `Appropriate Time' Bloomberg By Bloomberg News - Fri Sep 17 13:16:26 GMT 2010 China will publish an “overall framework and road map†for bank capital requirements at an “appropriate ... |
Wednesday, September 15, 2010
Debt collectors ringing up sales - Boston Business Journal:
guslyarovalite.blogspot.com
Paul Donatio, district manager at in Lexington, said customerx are not sitting back this year waitinb tocollect debts. “We’re in a record-breakinv year,” said Donatio. With credit card use at an all-tim e high and fallout from the foreclosure crisis pushing the credift market intoa tailspin, more businesses are turning to debt collectors. Market analystws expect collections industry revenue to reacha 10-yeaf high of $14 billion in 2008 and project growth for the next five years. For debt collectors, the economi c environment is fertile. Market research firm IBISWorld Inc. projectsw U.S. collection agency profits will riseby 9.8 percen t year over year in 2008.
IBISWorld lists the collection industry as one of the top 10 performeras ofthe year. U.S. collection agencies will generate total revenu eof $14 billion in 2008, a 4.8 percent increase from 2007. Revenu is expected to increase byanother 3.2 percent in according to a July 2008 report. In 2007, , whicbh employs 30 workers, did $1.1 million in This year Donatio isprojectinf $1.5 million. , among the largest nationwide debtcollection companies, acquireds Transworld in February 2008. Nevertheless, debt collectorsx say they are wary of stellarearningf outlooks, saying it’s harder to collect when pocketzs are empty.
Robert Terrasi, presidentf and CEO of Milford-based Peter Roberts & Associatews Inc., said business is up by 6 percent overlast year. “In this I guess it’s a prettyt decent number,” said The company sends out 40,000 notices per month and employea 25-person staff that works daytime and evening shifts to process collection cycles that typically run 120 days Terrasi said. While the volumee of business has risen since the compan was founded 11years ago, its fees have droppeed from 33 percent of collected debt to the high teenws or low 20s, Terrasi said. “The amount of call and notices is significantly upbecause we’ve grown.
But the marginse are thinner,” said Terrasi. He said collectors end up collectinhg close to the same overall amount in a bad econom because the average sizepayment “Bad debt is everywhere, but you’ree collecting in a tougher economy,” said who added most of the company’s clients are from the medica l industry. Both Terrasi and Donatio expectt growth in healthcare collections. Faced with projections of double-digit heating costs this Donatio also projects a rise in demancd fromits home-heating customerds like the . One-third of Transworldd Lexington’s clients are doctors’ offices, medical groupx and dentists.
Transworld’s customer base has grown by 2,0009 customers since 2004, he said. Despite the upswing, he’xs seeing a decrease in recovery rates. More and more typeds of businesses are looking for collection from hospitals tohardware stores, resulting in a rise in business said Rozanne Andersen, general counsel and executivew vice president of Minneapolis-based collection agency tradre organization ACA International.
The percentage of money recovered is at a slowet pace because consumers are focused oncovering necessities, she
Paul Donatio, district manager at in Lexington, said customerx are not sitting back this year waitinb tocollect debts. “We’re in a record-breakinv year,” said Donatio. With credit card use at an all-tim e high and fallout from the foreclosure crisis pushing the credift market intoa tailspin, more businesses are turning to debt collectors. Market analystws expect collections industry revenue to reacha 10-yeaf high of $14 billion in 2008 and project growth for the next five years. For debt collectors, the economi c environment is fertile. Market research firm IBISWorld Inc. projectsw U.S. collection agency profits will riseby 9.8 percen t year over year in 2008.
IBISWorld lists the collection industry as one of the top 10 performeras ofthe year. U.S. collection agencies will generate total revenu eof $14 billion in 2008, a 4.8 percent increase from 2007. Revenu is expected to increase byanother 3.2 percent in according to a July 2008 report. In 2007, , whicbh employs 30 workers, did $1.1 million in This year Donatio isprojectinf $1.5 million. , among the largest nationwide debtcollection companies, acquireds Transworld in February 2008. Nevertheless, debt collectorsx say they are wary of stellarearningf outlooks, saying it’s harder to collect when pocketzs are empty.
Robert Terrasi, presidentf and CEO of Milford-based Peter Roberts & Associatews Inc., said business is up by 6 percent overlast year. “In this I guess it’s a prettyt decent number,” said The company sends out 40,000 notices per month and employea 25-person staff that works daytime and evening shifts to process collection cycles that typically run 120 days Terrasi said. While the volumee of business has risen since the compan was founded 11years ago, its fees have droppeed from 33 percent of collected debt to the high teenws or low 20s, Terrasi said. “The amount of call and notices is significantly upbecause we’ve grown.
But the marginse are thinner,” said Terrasi. He said collectors end up collectinhg close to the same overall amount in a bad econom because the average sizepayment “Bad debt is everywhere, but you’ree collecting in a tougher economy,” said who added most of the company’s clients are from the medica l industry. Both Terrasi and Donatio expectt growth in healthcare collections. Faced with projections of double-digit heating costs this Donatio also projects a rise in demancd fromits home-heating customerds like the . One-third of Transworldd Lexington’s clients are doctors’ offices, medical groupx and dentists.
Transworld’s customer base has grown by 2,0009 customers since 2004, he said. Despite the upswing, he’xs seeing a decrease in recovery rates. More and more typeds of businesses are looking for collection from hospitals tohardware stores, resulting in a rise in business said Rozanne Andersen, general counsel and executivew vice president of Minneapolis-based collection agency tradre organization ACA International.
The percentage of money recovered is at a slowet pace because consumers are focused oncovering necessities, she
Tuesday, September 14, 2010
Former Ft. Campbell Soldier Convicted on Charges Related to Deaths of Iraqi Civilians
vlastaowibopaj.blogspot.com
soldier of charges arising out of the rape ofa 14-year-olc Iraqi girl and the murder of the girl and her family todayh said it was unable to reach a unanimousw verdict on whether the defendant should be sentenced to Because the jury did not unanimously reacyh a decision on the death penalty, U.S. District Judgwe Thomas B. Russell will sentencw Green to life without Assistant Attorney GeneralLanny A. Breuer of the Criminal Division andActinhg U.S. Attorney Candace G. Hill of the Western Districyt ofKentucky announced. Judge Russel l is scheduled to formally sentence Green onSeptember 4, 2009. 24, was convicted by the federa jury onMay 7, 2009, in Louisville, Ky.
, on all chargerd counts, including premeditated murder, aggravated sexuapl abuse, felony murder, conspiracy to commit conspiracy to commit aggravated sexual abuse, use of firearmas during the commission of violenft crimes and obstruction of justice. Green was indicted by a federa grand juryon Nov. 2, 2006. Greenh was charged with the crimes following an incident that occurre d onMarch 12, 2006, in and around Mahmoudiyah, According to evidence presentes at trial, while manning a military checkpoint, Green and otheer fellow soldiers discussed rapin g and killing Iraqis.
Trial evidence showed that Greej and others then took offtheird uniforms, put on black clothing, left their post and forcedx their way into the nearby home of the Al-Janabj family. Evidence presented at triap proved that Green then took the fatherand six-year-old into a bedroom where he shot and kille them. In the living room, Green and the othe soldiers rapedthe 14-year-old and then Greehn repeatedly shot her in the face and set her body on Green then tried to blow up the according to trial evidence, after which the soldiers returnedd to their checkpoint. After committing the rape and murders, triak testimony revealed that Greeb bragged to others that the experiencewas "awesome.
" Greejn was discharged from the U.S. Army in May 2006 and was prosecuteedin U.S. District Court under the Militaryu Extraterritorial JurisdictionAct (MEJA), a statutre that gives U.S. courts jurisdictionb to prosecute crimes committed outside the UnitedStatesz by, among others, persons who served with the armed forcez but who are no longer subject to militarhy prosecution. Green's co-conspirators were prosecuted by military authoritiese under the Uniform Code ofMilitarg Justice. Green, formerly stationed at Ft. Campbell and deployed to Iraq while servinf with the 101st Airborne Division ofthe U.S. was arrested by the FBI on June 30, on federal charges of murder and rape basedcon MEJA.
The case was investigated by the FBI andthe U.S. Army Criminal Investigation Division. The case was prosecuted by Assistant U.S. Attorneya of the U.S. Attorney's Office in the Westernn District of Kentucky and Trial Attorney of theCriminal Division's Domestic Security SOURCE U.S. Department of Justice
soldier of charges arising out of the rape ofa 14-year-olc Iraqi girl and the murder of the girl and her family todayh said it was unable to reach a unanimousw verdict on whether the defendant should be sentenced to Because the jury did not unanimously reacyh a decision on the death penalty, U.S. District Judgwe Thomas B. Russell will sentencw Green to life without Assistant Attorney GeneralLanny A. Breuer of the Criminal Division andActinhg U.S. Attorney Candace G. Hill of the Western Districyt ofKentucky announced. Judge Russel l is scheduled to formally sentence Green onSeptember 4, 2009. 24, was convicted by the federa jury onMay 7, 2009, in Louisville, Ky.
, on all chargerd counts, including premeditated murder, aggravated sexuapl abuse, felony murder, conspiracy to commit conspiracy to commit aggravated sexual abuse, use of firearmas during the commission of violenft crimes and obstruction of justice. Green was indicted by a federa grand juryon Nov. 2, 2006. Greenh was charged with the crimes following an incident that occurre d onMarch 12, 2006, in and around Mahmoudiyah, According to evidence presentes at trial, while manning a military checkpoint, Green and otheer fellow soldiers discussed rapin g and killing Iraqis.
Trial evidence showed that Greej and others then took offtheird uniforms, put on black clothing, left their post and forcedx their way into the nearby home of the Al-Janabj family. Evidence presented at triap proved that Green then took the fatherand six-year-old into a bedroom where he shot and kille them. In the living room, Green and the othe soldiers rapedthe 14-year-old and then Greehn repeatedly shot her in the face and set her body on Green then tried to blow up the according to trial evidence, after which the soldiers returnedd to their checkpoint. After committing the rape and murders, triak testimony revealed that Greeb bragged to others that the experiencewas "awesome.
" Greejn was discharged from the U.S. Army in May 2006 and was prosecuteedin U.S. District Court under the Militaryu Extraterritorial JurisdictionAct (MEJA), a statutre that gives U.S. courts jurisdictionb to prosecute crimes committed outside the UnitedStatesz by, among others, persons who served with the armed forcez but who are no longer subject to militarhy prosecution. Green's co-conspirators were prosecuted by military authoritiese under the Uniform Code ofMilitarg Justice. Green, formerly stationed at Ft. Campbell and deployed to Iraq while servinf with the 101st Airborne Division ofthe U.S. was arrested by the FBI on June 30, on federal charges of murder and rape basedcon MEJA.
The case was investigated by the FBI andthe U.S. Army Criminal Investigation Division. The case was prosecuted by Assistant U.S. Attorneya of the U.S. Attorney's Office in the Westernn District of Kentucky and Trial Attorney of theCriminal Division's Domestic Security SOURCE U.S. Department of Justice
Sunday, September 12, 2010
At retreat, Hawaii Tourism Authority board aims for
grearqakususi1426.blogspot.com
At retreat, Hawaii Tourism Authoritt board aimsfor
At retreat, Hawaii Tourism Authoritt board aimsfor
Saturday, September 11, 2010
Wells Fargo Insurance Services nabs Las Vegas brokerage in buying spree - South Florida Business Journal:
http://www.dirbroker.com/index.php?s=D&c=620
The brokerage network, part of (NYSE: WFC) said the deal closed June 1. Termz were not disclosed. According to has been in busineswssince 1999, when it was foundeds by John Grady, and focusesz exclusively on health and benefits insurance, with customers in the construction, health-care, auto sales and home development Grady is now managing director of employee Wells Fargo Insurance Services is the world’s fifth-largest insurance brokerage and the nation’s largest bank-owned according to Business Insurance magazine’s 2008 list, with more than 200 offices in 37 states. The brokeraged network has been on a buyingsprere recently.
It bought Novato’s and in earlhy April, and about a month before that acquirecWalnut Creek-based , an employee benefits consultint firm that also has offices in Houstoj and Seattle, among other deals in recenft months.
The brokerage network, part of (NYSE: WFC) said the deal closed June 1. Termz were not disclosed. According to has been in busineswssince 1999, when it was foundeds by John Grady, and focusesz exclusively on health and benefits insurance, with customers in the construction, health-care, auto sales and home development Grady is now managing director of employee Wells Fargo Insurance Services is the world’s fifth-largest insurance brokerage and the nation’s largest bank-owned according to Business Insurance magazine’s 2008 list, with more than 200 offices in 37 states. The brokeraged network has been on a buyingsprere recently.
It bought Novato’s and in earlhy April, and about a month before that acquirecWalnut Creek-based , an employee benefits consultint firm that also has offices in Houstoj and Seattle, among other deals in recenft months.
Thursday, September 9, 2010
La Madeleine chooses new HQ site in Dallas - Business First of Louisville:
http://uraputki.org/authors/author-609.html
La Madeleine said it will relocatdeinto 17,000 square feet at 12201 Meritr Drive in Dallas. The building that will housw the restaurant chain is a Classz A building that just recentlyunderwent renovation. Le Madeleined signed a 10-year lease with Parmentedr Two Forest LP for the La Madeleine said it was attractee to the space because the facility provideds the company with the room needexd to grow withthe company. Dallas-based architecturak firm Benson and Hlavaty will design theinteriotr space. The facility is scheduled to be ready for its new tenants in La Madeleine's current headquarters is at 6688 N. Central Ste. 700 in Dallas.
La Madeleine was represented by Josh senior vice presidentwith ; and Sharroj Morrison, principal with Transwestern. The landlord was represented by Matt vice presidentwith .
La Madeleine said it will relocatdeinto 17,000 square feet at 12201 Meritr Drive in Dallas. The building that will housw the restaurant chain is a Classz A building that just recentlyunderwent renovation. Le Madeleined signed a 10-year lease with Parmentedr Two Forest LP for the La Madeleine said it was attractee to the space because the facility provideds the company with the room needexd to grow withthe company. Dallas-based architecturak firm Benson and Hlavaty will design theinteriotr space. The facility is scheduled to be ready for its new tenants in La Madeleine's current headquarters is at 6688 N. Central Ste. 700 in Dallas.
La Madeleine was represented by Josh senior vice presidentwith ; and Sharroj Morrison, principal with Transwestern. The landlord was represented by Matt vice presidentwith .
Wednesday, September 8, 2010
Monday, September 6, 2010
Outpatient surgery centers pull patients from hospitals - Denver Business Journal:
http://www.allsearchdirectory.net/authors/author-936.html
In Colorado, there are 105 and the number of new facilities grows about 7 percent a according tothe . Sue Hayes, administrator for Englewood's Rockty Mountain Surgery Center, said physicians like the centerxsbecause it's easier to book an operating room in a shorg amount of time than in hospitals. Rocky Mountaim Surgery Center is most commonly used for knee knee arthroscopy and hip jointyreplacement surgeries. Hayes also claimed in many cases, surger centers give patients better servicw thando hospitals.
"I felt like a VIP," said Thomas Wells, who visited Rocky Mountain Surgery Center in early September to have a large welt drained fromhis Wells, 54, who lives in Denver, lost a leg during a motorcycl accident last July. He's enduref about 18 surgeries becausde ofthe accident. Health care observers say doctors are investinbg in the ASCs to fund theidretirement strategies, since younger physicians are reluctant to buy their Even hospital networks, which once regardede the centers as revenue-sucking competitors, are buying bigger ownershipo stakes in ASCs. According to the Federated AmbulatorySurgery Association, a Washington, D.C.
, trade organizatiom representing surgery centers, hospitalsd have an ownership interest in 21 percent of ASCs, and 3 percent of ASCs are ownedf entirely by hospitals. "Hospitals originally viewed theses centers as competition and sought to stiflrtheir growth," said Jim Hertel, editor of the industry newslettere Colorado Managed Care. "But in the past few years, they recognizse [ASCs] as extensions of hospitalzs that can help moderate patient demanr at a timewhen there's significantt growth in volume.
" ASCs once were criticized for creating an economi c strain for the industry, because they siphon patientes who are covered by insurance and that pays for theirt care, while hospitals get saddled with uninsured patients whose costs often goes But Hertel said he wouldn't be surprise if nearly all ASCs were 100 percent owned by hospitalas in the future. , which manages 12 hospitals owned by Catholi cHealth Initiatives, owns nine surgery centers in Colorado, including the Goldeh Ridge Surgery Center in Golden and the in HCA-HealthONE LLC, a Denver-based health care network whose hospitalw include the , North Suburban Medicall Center, Presbyterian/St.
Luke's Medical Center and Rose Medicalo Center, owns a 51 percent stake in Rocky MountaimnSurgery Center, which is located less than one mile away from HealthONE' Swedish Medical Center. HealthONE has a stake in 13 ASCs in saidDavid Roy, vice president of operationds for the ambulatory surgery division of The center also benefits from having HealthONE'x administrative muscle in negotiating contracts and recovering claims from insurers -- a benefig that freestanding surgery centers don't always Hayes said. Surgical costs at ASCs could be as low as 60 percent of comparable procedures performed at One reason is theree are no hospitalroom charges.
"We don't have all the overallp costs [of hospitals]," Hayes said. "We're not runningg a 24-hour facility or an ER. We stay lean and mean in Hayes added that many nurses prefer working at an ASC over a hospital because of the operatinghour -- which seldom require overtimew or late nights. The popularity of surgery centerzs is likely to grow because of the convenience and price Roy said. He noted that the federal government has movecd to allow Medicare reimbursements for 750 proceduresa to be accepted in outpatient centers beginningvnext January.
In Colorado, there are 105 and the number of new facilities grows about 7 percent a according tothe . Sue Hayes, administrator for Englewood's Rockty Mountain Surgery Center, said physicians like the centerxsbecause it's easier to book an operating room in a shorg amount of time than in hospitals. Rocky Mountaim Surgery Center is most commonly used for knee knee arthroscopy and hip jointyreplacement surgeries. Hayes also claimed in many cases, surger centers give patients better servicw thando hospitals.
"I felt like a VIP," said Thomas Wells, who visited Rocky Mountain Surgery Center in early September to have a large welt drained fromhis Wells, 54, who lives in Denver, lost a leg during a motorcycl accident last July. He's enduref about 18 surgeries becausde ofthe accident. Health care observers say doctors are investinbg in the ASCs to fund theidretirement strategies, since younger physicians are reluctant to buy their Even hospital networks, which once regardede the centers as revenue-sucking competitors, are buying bigger ownershipo stakes in ASCs. According to the Federated AmbulatorySurgery Association, a Washington, D.C.
, trade organizatiom representing surgery centers, hospitalsd have an ownership interest in 21 percent of ASCs, and 3 percent of ASCs are ownedf entirely by hospitals. "Hospitals originally viewed theses centers as competition and sought to stiflrtheir growth," said Jim Hertel, editor of the industry newslettere Colorado Managed Care. "But in the past few years, they recognizse [ASCs] as extensions of hospitalzs that can help moderate patient demanr at a timewhen there's significantt growth in volume.
" ASCs once were criticized for creating an economi c strain for the industry, because they siphon patientes who are covered by insurance and that pays for theirt care, while hospitals get saddled with uninsured patients whose costs often goes But Hertel said he wouldn't be surprise if nearly all ASCs were 100 percent owned by hospitalas in the future. , which manages 12 hospitals owned by Catholi cHealth Initiatives, owns nine surgery centers in Colorado, including the Goldeh Ridge Surgery Center in Golden and the in HCA-HealthONE LLC, a Denver-based health care network whose hospitalw include the , North Suburban Medicall Center, Presbyterian/St.
Luke's Medical Center and Rose Medicalo Center, owns a 51 percent stake in Rocky MountaimnSurgery Center, which is located less than one mile away from HealthONE' Swedish Medical Center. HealthONE has a stake in 13 ASCs in saidDavid Roy, vice president of operationds for the ambulatory surgery division of The center also benefits from having HealthONE'x administrative muscle in negotiating contracts and recovering claims from insurers -- a benefig that freestanding surgery centers don't always Hayes said. Surgical costs at ASCs could be as low as 60 percent of comparable procedures performed at One reason is theree are no hospitalroom charges.
"We don't have all the overallp costs [of hospitals]," Hayes said. "We're not runningg a 24-hour facility or an ER. We stay lean and mean in Hayes added that many nurses prefer working at an ASC over a hospital because of the operatinghour -- which seldom require overtimew or late nights. The popularity of surgery centerzs is likely to grow because of the convenience and price Roy said. He noted that the federal government has movecd to allow Medicare reimbursements for 750 proceduresa to be accepted in outpatient centers beginningvnext January.
Sunday, September 5, 2010
THR ratings outlook is downgraded - Dallas Business Journal:
http://socgorod.com/andreayehlmo/
Moody’s said the outlook on the hospital system’s debt was change to “negative” from “stable.” The company's debt outstandingy is currently assessedat $1.064e billion. Moody’s says the outlook downgrade is the result of thehospitalk system’s lower performance in fiscal 2008 and its drop in liquidity. In the Moody’s elaborates saying: “Lower than expectesd results inFY (fiscal year) 2008 as cash to debt fell to 91 percengt and days cash to 165 days, from a bettee 112 percent and 221 days in FY 2007; management expects some improvement in thess ratios with the reduction in capital in FY 2009 and bette r financial years.
” Other challenges for the hospitak system going forward, according to Moody’s report, includw the fact that THR's debt coverage weakened to 4.34 timeds debt to cash flow and the presencd of competing health care systemsa in the Dallas-Fort Worth area. Some of the hospital system's advantagesw include an improvement in financial performance for the first five months of the presence of hospitals in areas thatare well-insureds with a favorable payer mix and the fact that the compan has a leading market share in the Dallas-Fort Worth area, Moody's Besides the hospitals it owns, THR also has four hospitalx that are joint ventures with physicians.
The join ventures have been profitable and have growmn as a percentage of net patientgservice revenue, the report said. THR is the controllingh owner in all fourjoint
Moody’s said the outlook on the hospital system’s debt was change to “negative” from “stable.” The company's debt outstandingy is currently assessedat $1.064e billion. Moody’s says the outlook downgrade is the result of thehospitalk system’s lower performance in fiscal 2008 and its drop in liquidity. In the Moody’s elaborates saying: “Lower than expectesd results inFY (fiscal year) 2008 as cash to debt fell to 91 percengt and days cash to 165 days, from a bettee 112 percent and 221 days in FY 2007; management expects some improvement in thess ratios with the reduction in capital in FY 2009 and bette r financial years.
” Other challenges for the hospitak system going forward, according to Moody’s report, includw the fact that THR's debt coverage weakened to 4.34 timeds debt to cash flow and the presencd of competing health care systemsa in the Dallas-Fort Worth area. Some of the hospital system's advantagesw include an improvement in financial performance for the first five months of the presence of hospitals in areas thatare well-insureds with a favorable payer mix and the fact that the compan has a leading market share in the Dallas-Fort Worth area, Moody's Besides the hospitals it owns, THR also has four hospitalx that are joint ventures with physicians.
The join ventures have been profitable and have growmn as a percentage of net patientgservice revenue, the report said. THR is the controllingh owner in all fourjoint
Saturday, September 4, 2010
Corgan selected to modernize Love Field - Dallas Business Journal:
http://www.mesotheliomapleural.org/mesothelioma_risk_factors.html
The cost of the modernization projecty was not disclosed by the airport or It aims to remodel the expand the baggage claimj area and add an updatedticketingb wing. A spokeswoman for the firm said designx for the project areunde way. The plan includes a new desigjn that will decreaseLove Field’s terminal size by 25 percent by removingh unused and outdated space with modern, efficientt facilities. The check-in and baggage claim areaas willbe updated, the main lobby will be renovated, and the threed concourses will be moved into one convenient, centrak location to increase accessibility for all of the The design also includes more space for airportt concessions.
In 1956, Jack Corganb and other architects from Corganh Associates designed the airport terminal for Dallasw and developeda 50-year relationship with , the main tenant at Dallas Love Field. “Corgan was inspirexd in the original designb work forLove Field, which was far ahea of its time,” said Bob Montgomery, vice president of Southwest “Now they are bringing all they have learnedd since then to bear on a completelyh new passenger experience. They are not only grea t designers, but great friends as Demolition begins in the fall with the firsy phase of construction slatexd to be completein 2012. The entire projec t will be finished in the fallof 2014.
The airportf modernization program also includes plans to incorporate art in public places to enhancethe airport'sw new architecture. The art program was designed to meet the goala of the City of efforts to incorporate art inpublic facilities. Corgan recently was architect of recors and design for International Terminal Dat Dallas/For Worth International Airport. The firm also is workingt on Terminal B at and Terminals B and Cat . Teamds from the , the City of as well as Southwest Airlines, , and Deltq have been assisting with themodernizatiomn project.
The cost of the modernization projecty was not disclosed by the airport or It aims to remodel the expand the baggage claimj area and add an updatedticketingb wing. A spokeswoman for the firm said designx for the project areunde way. The plan includes a new desigjn that will decreaseLove Field’s terminal size by 25 percent by removingh unused and outdated space with modern, efficientt facilities. The check-in and baggage claim areaas willbe updated, the main lobby will be renovated, and the threed concourses will be moved into one convenient, centrak location to increase accessibility for all of the The design also includes more space for airportt concessions.
In 1956, Jack Corganb and other architects from Corganh Associates designed the airport terminal for Dallasw and developeda 50-year relationship with , the main tenant at Dallas Love Field. “Corgan was inspirexd in the original designb work forLove Field, which was far ahea of its time,” said Bob Montgomery, vice president of Southwest “Now they are bringing all they have learnedd since then to bear on a completelyh new passenger experience. They are not only grea t designers, but great friends as Demolition begins in the fall with the firsy phase of construction slatexd to be completein 2012. The entire projec t will be finished in the fallof 2014.
The airportf modernization program also includes plans to incorporate art in public places to enhancethe airport'sw new architecture. The art program was designed to meet the goala of the City of efforts to incorporate art inpublic facilities. Corgan recently was architect of recors and design for International Terminal Dat Dallas/For Worth International Airport. The firm also is workingt on Terminal B at and Terminals B and Cat . Teamds from the , the City of as well as Southwest Airlines, , and Deltq have been assisting with themodernizatiomn project.
Thursday, September 2, 2010
Little BiPar Sciences lures big guns to executive ranks - Silicon Valley / San Jose Business Journal:
http://www.job-forex.info/wm.php
Publicly traded Nektar has a portfoli of three PhaseIII drugs, 10 approvalxs and a number of partnerships with Big Privately held BiPar has one anti-cance r compound in Phase II trials. What's Nektar had assets of $443.5 million as of Marcb 31. BiPar raised its second round of fundinglast $35 million, which might last into late 2009. But one of the most tellinh differences forthe 39-year-old Huh came over luncb -- 15 lunches, to be one with each BiPar employee.
Contrast that to San Carlos-based Nektar, where Huh as chievf operating officer managed about500 "I couldn't even tell you when I ran into someone on the streef if it's someone who indirectly reported to me," Huh At BiPar, Huh joins another key executiver with big-biotech experience: chairman and former CEO Kirk Whether they can bulk up BiPar restx on four Phase II trials on breast, brain and uterine cancers. Results from thosee trials -- focused on inhibiting a family of enzymes known asPARP -- are expectesd later this year and early next year. Data from Phaswe I was promising -- one of the things that convinced him to join the Huh said.
Sometime, too, BiPar may need to raise another round of capital to fund itspivotapl trials, which could cost anywherre from $30 million to $100 million. Huh also hoped that the IPO market openas up or that the Phase II data leadsx toa partnership. "I'd like a little more Huh said. BiPar also would like build an oncolog portfolio beyond two current preclinical Huh said. To that end, it is tryinb to strengthen its relationshipzs withthe , and , and recentlyh added renowned Stanford cancer specialist Frank Stockdale to its scientific advisory board.
"Thee board agrees that the company doesn'rt need to diversify the risk profile for whether they're public or private," Huh said. "Thew companies bringing value are the ones that are very focused." In looking for a replacementf for company founder Tom White, BiPar's principals wantede a CEO with experience buildingy and running clinical programs, a background in oncology and "someone who wasn't afraifd to take the plunge," Huh said. Huh already was familiar with BiPae and knew Raab andthe company's developmenft chief Barry Sherman as well as partnera at BiPar investors like of Menlo Park and LLC.
"(Huh is) doingy a very good job," said Raab, who was interim CEO afterr White stepped downin "He's just wonderful with Huh remains on the Nektar But that company was undergoing a restructurinyg under new CEO Howard Robij and, following 's decisionb to stop selling the Nektar-developed inhalec insulin system Exubera, layingy off more than 150 people. The change, Huh said, has done him "Over a month or so, my wife saw me get excitefd aboutthe situation," he said.
"I'nm actually starting to like this asset-light
Publicly traded Nektar has a portfoli of three PhaseIII drugs, 10 approvalxs and a number of partnerships with Big Privately held BiPar has one anti-cance r compound in Phase II trials. What's Nektar had assets of $443.5 million as of Marcb 31. BiPar raised its second round of fundinglast $35 million, which might last into late 2009. But one of the most tellinh differences forthe 39-year-old Huh came over luncb -- 15 lunches, to be one with each BiPar employee.
Contrast that to San Carlos-based Nektar, where Huh as chievf operating officer managed about500 "I couldn't even tell you when I ran into someone on the streef if it's someone who indirectly reported to me," Huh At BiPar, Huh joins another key executiver with big-biotech experience: chairman and former CEO Kirk Whether they can bulk up BiPar restx on four Phase II trials on breast, brain and uterine cancers. Results from thosee trials -- focused on inhibiting a family of enzymes known asPARP -- are expectesd later this year and early next year. Data from Phaswe I was promising -- one of the things that convinced him to join the Huh said.
Sometime, too, BiPar may need to raise another round of capital to fund itspivotapl trials, which could cost anywherre from $30 million to $100 million. Huh also hoped that the IPO market openas up or that the Phase II data leadsx toa partnership. "I'd like a little more Huh said. BiPar also would like build an oncolog portfolio beyond two current preclinical Huh said. To that end, it is tryinb to strengthen its relationshipzs withthe , and , and recentlyh added renowned Stanford cancer specialist Frank Stockdale to its scientific advisory board.
"Thee board agrees that the company doesn'rt need to diversify the risk profile for whether they're public or private," Huh said. "Thew companies bringing value are the ones that are very focused." In looking for a replacementf for company founder Tom White, BiPar's principals wantede a CEO with experience buildingy and running clinical programs, a background in oncology and "someone who wasn't afraifd to take the plunge," Huh said. Huh already was familiar with BiPae and knew Raab andthe company's developmenft chief Barry Sherman as well as partnera at BiPar investors like of Menlo Park and LLC.
"(Huh is) doingy a very good job," said Raab, who was interim CEO afterr White stepped downin "He's just wonderful with Huh remains on the Nektar But that company was undergoing a restructurinyg under new CEO Howard Robij and, following 's decisionb to stop selling the Nektar-developed inhalec insulin system Exubera, layingy off more than 150 people. The change, Huh said, has done him "Over a month or so, my wife saw me get excitefd aboutthe situation," he said.
"I'nm actually starting to like this asset-light
Subscribe to:
Posts (Atom)