Tag Archives: Dan Carroll

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Manchester United, Aon Ink Eight-Year Partnership

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By Dan Carroll, The Motley Fool

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Risk and professional services firm Aon and soccer club Manchester United inked a new business agreement that will extend the companies’ previous relationship for another eight years. Aon will provide talent development, risk management, and other consulting, according to a press statement from the company.

Aon will also win naming rights to Manchester United‘s training center, which will be called the Aon Training Complex. Furthermore, Aon will assume the role of Presenting Partner at Manchester United‘s pre-season tours over the eight-year extension.

Aon’s Global Chief Marketing and Communications Officer, Phil Clement, spoke of the brand advantages earned by teaming up with the world-renowned soccer club. In the statement he said, “The first phase of our relationship [with Manchester United] brought Aon an explosion in brand awareness. This phase of our partnership is a more holistic approach where we can use our expertise and create a global dialogue and knowledge share around the fields of talent, health care, risk, retirement, and data and analytics to help deliver great performance and great results.”

Shares of Manchester United received a bounce from the news, gaining more than 3% on Monday.

The article Manchester United, Aon Ink Eight-Year Partnership originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Aon. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Roche, Isis Pharmaceuticals to Develop Huntington's Disease Treatments

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Pharmaceutical firm Roche and biotech company Isis Pharmaceuticals have agreed to a partnership to develop treatments for Huntington’s disease. The two companies, which announced the agreement in a press statement on Isis’s site, will look to combine technologies and expertise in order to discover and bring drugs to market.

Roche will make a $30 million payment up front to Isis, part of a total payment schedule that could ramp up to $362 million in all if the development hits certain milestones. Roche can license any drugs Isis discovers through the first phase 1 trial’s completion. That option would leave Roche in charge of global development for a drug candidate, as well as navigating global regulatory hurdles and commercialization.

Isis’s lead drug candidate for the disease and Roche’s “brain shuttle” technology will both be explored as viable therapies for Huntington’s. Shafique Virani, Roche Partnering‘s global head of neuroscience, cardiovascular, and metabolism, explained the move in the statement: “This dual track development program ensures whichever candidate compound proves to be most promising — Isis’ lead target or Roche’s brain shuttle version — can be taken forward to pivotal clinical trials.”

Huntington’s disease currently has no effective treatment or cure, and the genetically inherited brain disorder eventually leads to patient death via complications. Current treatment options involve fighting or slowing symptoms of the disease, according to Isis’ statement.

The article Roche, Isis Pharmaceuticals to Develop Huntington’s Disease Treatments originally appeared on Fool.com.

Fool contributor Dan Carroll and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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"Evil Dead" Tops Weekend Box Office

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In its debut weekend, Sony‘s horror film Evil Dead ranked as the top-grossing film at the domestic box office with sales of $26 million.

The movie, a reboot of the classic Evil Dead franchise, pulled in an additional $4.5 million internationally to record more than $30 million in sales in its first weekend in theaters, according to data from media measurement firm Rentrak.

The film managed to beat out stiff competition for the top domestic spot. Action film G.I. Joe: Retaliation, distributed by Viacom subsidiary Paramount Pictures, tied for second domestically with the animated film The Croods; each film recorded $21.1 million in weekend revenues. It was The Croods‘ third week and G.I. Joe‘s second.

G.I. Joe topped the worldwide box office this past weekend, recording more than $61 million across the globe, while The Croods, distributed by News Corp. subsidiary 20th Century Fox, managed a close second worldwide with $55 million in sales.

link

The article “Evil Dead” Tops Weekend Box Office originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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AstraZeneca's Arthritis Drug Succeeds in Phase 3 Trial

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AstraZeneca‘s phase 3 study of the effectiveness and safety of developmental rheumatoid arthritis drug fostamatinib succeeded in meeting two primary endpoints. The OSKIRA-1 trial showed that fostamatinib increased ACR20 response rates in two different patient groups, according to a statement on the matter from the company. (ACR scores are used in measuring changes in rheumatoid arthritis symptoms.)

The drug also proved safe in the study, with patients tolerating fostamatinib about as well as they had in an earlier phase 2 study. Reported side effects were mild, including diarrhea, nausea, and hypertension.

Dr. Briggs W. Morrison, AstraZeneca’s chief medical officer and executive vice president of global medicine development, spoke about fostamatinib’s success in the statement, saying, “These top-line results provide important information on the efficacy and safety of fostamatinib and demonstrate that the compound has an effect on the signs and symptoms of rheumatoid arthritis.”

The success comes as the rheumatoid arthritis market heats up. Some of the leading treatments for the disease include best-selling immunology drugs such as AbbVie‘s Humira and Johnson & Johnson‘s Remicade, each of which made more than $6 billion for their companies last year.

The article AstraZeneca’s Arthritis Drug Succeeds in Phase 3 Trial originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Johnson & Johnson and owns shares of Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Biogen Hits Primary Endpoints in MS Study

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Biotech company Biogen Idec‘s developmental multiple sclerosis drug daclizumab succeeded in the SELECT phase 2b trial evaluating its safety and effectiveness in treating patients with relapse-remitting MS. The trial results, originally published in The Lancet and reported by Biogen in a recent press statement, showed that two injection treatment groups had annual relapse rates at least 50% lower than a placebo group after one year.

The two treatment groups also showed that daclizumab reduced MS-related brain lesions and improved quality of life in patients, as well as reducing disability progression.

Dr. Gilmore O’Neill, Biogen’s vice president of medical research, said of the results, “Based on these initial data from SELECT, we believe DAC HYP would complement our robust portfolio of four approved MS products by potentially offering people with MS a new treatment alternative.”

Daclizumab is Biogen’s latest developmental candidate in the multiple sclerosis market it has dominated. The company’s oral MS treatment, Tecfidera, won FDA approval in late March and is poised to compete in the promising oral MS market.

The article Biogen Hits Primary Endpoints in MS Study originally appeared on Fool.com.

Fool contributor Dan Carroll and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Boeing Opens Expanded Airplane Delivery Center

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Boeing opened a new delivery center in Everett Washington on Wednesday, designed to deliver the company’s 767, 777, 787, and 747-8 airliners. The expanded Everett Delivery Center, or EDC, boasts 180,000 square feet of space in order to increase efficiency over the older EDC, according to a statement released by the company.

The facility opens as Boeing expects its 787, the fleet of which has been grounded since battery problems emerged early in the year, to gain FAA-approval to return to the skies with commercial flights soon. Boeing signed off on an International Airlines Group order for 18 787s on Wednesday, a sign that customers are regaining faith in the Dreamliner.

Boeing Commercial Airplanes‘ senior vice president and general manager of Airplane Programs, Pat Shanahan, commented on the EDC‘s opening in the statement, saying, “Boeing is producing market-leading commercial airplanes at its highest rates ever … The new facility enables us to meet growing demands and continue doing what our team does best – exceed customer expectations.”

The article Boeing Opens Expanded Airplane Delivery Center originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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GlaxoSmithKline Launches Phase 3 Trial for Benlysta

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By Dan Carroll, The Motley Fool

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Pharmaceutical maker GlaxoSmithKline will begin a phase 3 clinical trial to judge lupus medication Benlysta’s effectiveness in treating patients with ANCA-positive vasculitis. The trial, which GlaxoSmithKline announced in a recent press release, will also evaluate Benlysta’s safety profile; the drug has not been approved to treat vasculitis by any regulatory body, yet.

Benlysta was first approved by the FDA to treat adult patients with a specific type of lupus in 2011, and later that year added an approval from the European Commission. The drug recorded just over $100 million in sales last year, an underwhelming amount, considering the $3 billion GSK spent in 2012 purchasing its partner in developing Benlysta, Human Genome Sciences.

The company hopes success in treating vasculitis can fuel sales. The disease, which leads to the immune system’s attacking of blood vessels, and can result in organ damage, affects between 102 to 284 people per million in the U.S., according to GSK‘s release.

The article GlaxoSmithKline Launches Phase 3 Trial for Benlysta originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Dow Heads Higher Despite Disappointing Jobs Report

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Blue-chip stocks have regained their momentum today despite news that more Americans filed for unemployment benefits last week than economists had expected. With roughly an hour left in the trading session, the Dow Jones Industrial Average is up by 43 points, or 0.3%.

According to the Department of Labor, the number of applicants for jobless benefits increased by 16,000 last week compared to the previous week. The advance figure for the seven days ended March 23 was 357,000 — the highest level since mid-February and above the consensus forecast by 18,000 claims.

Analysts are nevertheless cautioning against reading too much into these figures, given the week-to-week volatility inherent in the estimate. As one analyst quoted by MarketWatch.com observed, “It would take more readings in this neighborhood to point to a modest pick in layoffs.” He went on to say that “the claims data continue to signal a slowing in the rate of job layoffs in the first quarter of 2013.”

In addition to this, new data from the Department of Commerce suggests that the economy expanded in the final three months of last year at a faster pace than originally estimated. In its first release of fourth-quarter GDP growth at the end of January, the government said the economy actually contracted by 0.1% due to dramatic cuts in military spending. This figure was revised upward last month to a positive 0.1%. And today, that figure was revised up once again to 0.4%.

As the official press release explained, “The GDP estimate released today is based on more complete source data than were available for the ‘second’ estimate issued last month.”

Despite the disappointing jobs figures, however, stocks are broadly higher as we enter the final hour of trading. At the time of writing, only nine of the Dow’s 30 component stocks are trading lower.

Leading the way higher are shares of United Technologies , the industrial conglomerate that makes everything from Otis elevators to Sikorsky helicopters. As my colleague Dan Carroll noted earlier, the company recently sold an electrical power systems unit that it had acquired from Goodrich. The deal was worth an estimated $400 million and “was the second divestment of a Goodrich unit since [United Technologies] purchased the company for more than $16 billion last year.”

Heading Dow shares lower, alternatively, is JPMorgan Chase , the nation’s largest bank by assets. Earlier today, The Wall Street Journal reported that a longtime JPMorgan veteran is leaving the company. The news comes on the heels of a string of troubles for the lending giant related to massive trading losses and even its purported role in the Bernie Madoff case.

With big finance firms still trading at deep discounts to their historical norms, investors everywhere are wondering if this is the new normal or if finance stocks are a screaming buy today. The answer depends on the company, so to help you figure out whether JPMorgan is …read more
Source: FULL ARTICLE at DailyFinance

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Actavis, AstraZeneca Agree on Deal for Generic Crestor

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Pharmaceutical firm Actavis has reached an agreement with big pharma’s AstraZeneca to launch a generic version of the latter’s cholesterol-fighting drug Crestor in 2016.

Actavis agreed to launch its generic version of AstraZeneca’s medicine 67 days before Crestor is scheduled to lose pediatric exclusivity on July 8, 2016, according to a press release from Actavis.

Crestor earned more than $6 billion in sales for AstraZeneca in 2012, making its patent expiration a pricey concern. Actavis will supply AstraZeneca with 39% of the net sales of its generic drug until the patent expiration occurs as part of the agreement. While the deal is still pending FDA approval for Actavis’ generic product, the agency granted tentative approval to Actavis’ Abbreviated New Drug Application in June 2011.

Actavis CEO and president Paul Bisario commented on the deal in Actavis’ statement, saying, “This agreement ensures that consumers will benefit from an earlier launch of a rosuvastatin calcium product and eliminates ongoing litigation and uncertainty of marketplace acceptance of a non-generically substitutable product if Actavis had proceeded to launch the alternate product.”

Other parties to the agreement with AstraZeneca are Watson Laboratories, EGIS Pharmaceuticals, and Shionogi. AstraZeneca said that under the agreement, the parties “concede that the CRESTOR substance patent is valid, enforceable and would be infringed by Watson’s rosuvastatin zinc product and its rosuvastatin calcium product.” Actavis was formerly known as Watson Pharmaceuticals.

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The article Actavis, AstraZeneca Agree on Deal for Generic Crestor originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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"The Croods" Tops the Competition at the Weekend Box Office

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Animated comedy film The Croods topped box office sales this past weekend by raking in more than $44 million in revenue domestically, a strong showing for its debut weekend.

The Croods, distributed by News Corp. subsidiary 20th Century Fox, also scored the top spot in worldwide sales by pulling in $108 million overall, according to data from media measurement firm Rentrak.

20th Century Fox’s film managed to stop a third straight week at worldwide No. 1 by Disney‘s Oz: The Great and Powerful, which took in the No. 2 spot globally with sales of more than $43 million this past weekend. The film has now earned more than $350 million at the worldwide box office during its run.

The weekend offered mixed results for other films making their theatrical debuts. FilmDistrict’s thriller Olympus Has Fallen ranked second at the domestic weekend box office with sales of more than $30 million in the U.S. However, Focus Features‘ comedy Admission received a lackluster showing over the weekend, earning just over $6.4 million to rank fifth domestically in its debut.

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The article “The Croods” Tops the Competition at the Weekend Box Office originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Walt Disney. The Motley Fool owns shares of Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Sanofi's Lemtrada Shines in Extended Study

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Sanofi‘s multiple sclerosis drug Lemtrada showed strong results in the first year of an extended phase 3 study, reducing relapse rates in treated patients and improved disability outcomes, the company said this week.

The study results [file opens in PDF], released by Sanofi and subsidiary Genzyme, came as the European Medicines Agency and the FDA review Lemtrada for regulatory decisions expected later in 2013.

Sixty-seven percent of patients new to treatment and 55% of patients who had relapsed on prior therapy remained relapse-free a year into the extended study. More than 70% of each patient group showed improved or stable disability, while more than 80% of patients didn’t require a third round of treatment during the trial.

Lemtrada’s safety profile remained steady as no new risks emerged for patients on the drug; infections were the most common adverse events over the course of the extended study’s first year. 

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The article Sanofi’s Lemtrada Shines in Extended Study originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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FDA Advisory Committee Gives Thumbs-Up to Abbott's MitraClip

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An FDA advisory committee has voted that the benefits outweigh the risks for Abbott‘s MitraClip device in treating mitral regurgitation patients at too high a risk for open mitral valve surgery. The mitral valve is in the heart.

The committee voted with five positive opinions and three negative ones, according to an Abbott press release, and the committee voted in favor of the device’s safety profile without a single negative opinion, although the panel was mixed when voting over MitraClip’s reasonable assurance of efficacy, with four saying “yes” and five saying “no.”

The MitraClip device is designed to treat mitral regurgitation, the most common form of heart valve insufficiency, according to Abbott. The ailment causes blood to flow back through the mitral valve and into the heart’s left atrium, a condition that can ultimately lead to severe or even fatal problems such as heart attack or stroke.

Abbott’s MitraClip gained CE Mark approval in Europe in 2008 and is commercially available in numerous international markets already. The company’s still trying to gain approval from the FDA in the U.S., but the advisory committte’s recommendation should help the decision, which the company expects later this year.

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The article FDA Advisory Committee Gives Thumbs-Up to Abbott’s MitraClip originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Biogen's Plegridy Records Strong First-Year Clinical Results

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Biogen Idec‘s two-year phase 3 Advance trial of relapsing multiple sclerosis drug Plegridy hit its primary endpoint a year in, reducing the annualized relapse rate of patients taking the drug by 36% compared to a placebo, the company announced this week.

The trial also hit a number of secondary endpoints. Patients on Plegridy showed a 38% less risk of 12-week disability progression as compared to a placebo, the company said. The drug also reduced patient relapses by 39% versus the control group. The full first-year results of the trial also showed significant reduction of MS ailments such as brain lesions.

Plegridy’s shown strong safety results so far, with the most serious adverse effects being minor incidents of infections that occurred across all treatment groups.

Gilmore O’Neill, Biogen’s Global Neurology Late Stage Clinical Development Vice President, was quoted as saying, “In the first year of the ADVANCE trial, PLEGRIDY demonstrated strong efficacy. We saw a marked reduction in relapse rate and this was supported by MRI results. If approved, PLEGRIDY will make an important therapeutic option in the injectable treatment segment.”

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The article Biogen’s Plegridy Records Strong First-Year Clinical Results originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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U.K. Regulators Sour on Novartis Breast Cancer Drug Afinitor

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The U.K.’s National Institute for Health and Clinical Excellence, or NICE, has decided not to recommend Novartis‘ Afinitor for treating advanced breast cancer in draft guidance it released yesterday.

NICE turned away the drug in the treatment of HER2 negative, hormone-receptor-positive forms of the cancer due to questions over its cost-effectiveness, a major hurdle for the U.K. as it deals with rising health care costs and tightening budgets.

The decision isn’t set in stone, since it is draft guidance, but Novartis and cancer patient groups expressed disappointment at NICE‘s decision. This isn’t the first time the U.K. agency has turned away a breast cancer treatment; NICE has also given the thumbs-down to therapies from big pharma rivals, such as Roche‘s Avastin.

NICE has yet to come up with final guidance on Afinitor, although the agency’s Chief Executive, Sir Andrew Dillon, was quoted in NICE‘s statement as saying, “While the independent Appraisal Committee acknowledged that everolimus [Afinitor] may offer a step change in treatment by restoring sensitivity of the tumour to hormone therapy, the evidence highlighted uncertainty relating to how much the treatment extends overall survival. Using the most appropriate estimates, the committee concluded that everolimus is not a cost-effective treatment option for the NHS.”

While the ruling could hurt Novartis’ goals, Afinitor is still expected to hit blockbuster status, with one analyst last year projecting peak sales exceeding $2 billion by 2017.

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The article U.K. Regulators Sour on Novartis Breast Cancer Drug Afinitor originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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United Launch Alliance Sends Third Rocket of 2013 Into Orbit

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Boeing and Lockheed-Martin‘s space-launch joint venture, the United Launch Alliance, or ULA, successfully launched its third rocket of 2013 into orbit yesterday. An Atlas V rocket carried a Space-Based Infrared System satellite into orbit on behalf of the U.S. Air Force, the second such satellite to be deployed after the first reached orbit in 2011.

According to a press release from ULA, this marked the 37th Atlas V mission in company history and the 69th ULA launch overall.

The Atlas V 401 Evolved Expendable Launch Vehicle, or EELV, delivered the payload as part of an initiative to launch Defense Department and other governmental projects into orbit. ULA touts its EELV program as both adhering to schedule and delivering cost advantages over other launch systems.

The article United Launch Alliance Sends Third Rocket of 2013 Into Orbit originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Roche Wins Expanded European Approval for Pegasys

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By Dan Carroll, The Motley Fool

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The European Medicines Agency, or EMA, has awarded Big Pharma Roche expanded approval for its antiviral Pegasys, alongside ribavirin, in treating chronic hepatitis C virus, or HCV. The EMA‘s expanded approval will now allow Roche to treat HCV-positive children aged 5 and older with the drug who have not yet begun treatment, according to a statement from the company.

Roche first won European approval for Pegasys in treating adults with chronic HCV more than a decade ago; regulators in China and the U.S. have approved it as well. Around 65,000 European children suffer from chronic HCV; while Roche states that many sufferers of the disease show few if any symptoms, it is progressive and can afflict patients with life-threatening ailments such as liver damage.

Dr. Hal Barron, Roche’s chief medical officer and global product development Head  talked about the new indication’s benefit for children with the disease, saying in the release: “Hepatitis C can ultimately lead to the development of advanced liver disease if left untreated. This approval provides doctors and parents of children as young as five with a treatment combination for this infection.”

The article Roche Wins Expanded European Approval for Pegasys originally appeared on Fool.com.

Fool contributor Dan Carroll and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Novartis Scores European Approval for Jetrea

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The European Commission has approved the intravitreal eye injection Jetrea, produced by Novartis eye care subsidiary Alcon, for treating vitreomacular traction in the European Union. The disease, which can cause vision loss and is also known as VMT, affects an estimated 250,000 to 300,000 patients in Europe, according to a press release from Novartis on the approval.

Jetrea-treated patients showed significant improvements over a placebo in closing macular holes and resolving VMT during clinical trials that helped support European regulatory approval. The drug showed few side effects that ranged from mild to moderate severity, including from blurred vision to retinal edema.

Stuart Raetzman, Alcon’s area president of Europe, the Middle East, and Africa, commented on the approval in the release: “Jetrea meets a genuine unmet patient need and demonstrates Alcon’s commitment to bringing innovative eye care treatments to people in Europe and throughout the world.”

The article Novartis Scores European Approval for Jetrea originally appeared on Fool.com.

Fool contributor Dan Carroll and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Elbit Wins $115 Million Electronic Warfare Contract

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Israeli defense company Elbit Systems subsidiary Elisra has won a $115 million contract from an unspecified Asian customer for the manufacture and delivery of multipurpose electronic warfare (EW) equipment. The award, which Elbit announced on Sunday, will be carried out over two years.

Elisra General Manager Edgar Maimon was quoted in the company press release as saying, “This award further attests to our position and recognition as a world leading supplier of EW systems. We are experiencing a growing global demand for various types of EW systems, and I trust that further customers will follow and select our advanced systems as their preferred solution.”

The latest victory for Elbit comes following its full-year earnings release last week in which the company announced increased year-over-year revenue. Earlier in March, the company picked up orders for its Hermes 900 UAV as well as for logistics equipment.

link

The article Elbit Wins $115 Million Electronic Warfare Contract originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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"Oz" Tops Box Office for Second Straight Weekend

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Disney‘s Oz: The Great and Powerful notched its second straight weekend atop the box office, according to data from media measurement firm Rentrak, placing No. 1 in sales both domestically and internationally this past weekend.

Oz, Disney’s take on the classic film The Wizard of Oz, recorded more than $42 million in the U.S. and more than $46 million overseas over the weekend, bringing its cumulative worldwide total to more than $281 million, according to Rentrak.

The Call, Sony‘s action film that debuted this past weekend, scored second place at the domestic box office by pulling in $17.1 million in the U.S. The film ranked third worldwide despite debuting only in the United States.

A Good Day to Die Hard, the latest Die Hard installment distributed by News Corp subsidiary 20th Century Fox, ranked second at the worldwide box office this past weekend with sales of more than $21.5 million. The film has now brought in more than $266 million overall during its worldwide theatrical run and crossed the $200 million international sales mark this past weekend.

link

The article “Oz” Tops Box Office for Second Straight Weekend originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Walt Disney. The Motley Fool owns shares of Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Euro Dives and Asian Markets Plunge on Cyprus Bailout Plan

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The Euro plunged by more than 1% against the dollar and 1.4% against the yen early Monday as markets reacted negatively to the eurozone’s Cyprus bailout plan, an initiative that includes a tax on bank deposits.

The eurozone released a statement on Saturday pushing its bailout plan as necessary to ensure the stability of the common continental currency and the banking sectors of both Cyprus and Greece, but investors saw a plan fraught with danger.

Asian markets nosedived on the plan on Monday: Japan’s Nikkei dove 2.7% while Hong Kong’s Hang Seng fell 2%.

Eurozone and Cyprus leaders decided Saturday that a 6.7% tax on deposits less than 100,000 euros and a 9.9% tax on deposits greater than that would help raise up to 5.8 billion euros in revenue to clear the debt-plagued country for an international bailout. Cyprus citizens reacted by launching a run on ATMs, hurriedly withdrawing money before the Cypriot parliament could approve the bailout measure and levy the tax.

Some market analysts expressed concern that such a radical measure from the eurozone and Cyprus could hurt confidence in the shaky European banking system by threatening the safety of insured bank deposits. While no other debt-strained European nation has touted the idea of taxing savers, any bank run in Cyprus due to the measure could spark fears in larger economies that face crippling public debt, such as Spain and Italy, they said.

link

The article Euro Dives and Asian Markets Plunge on Cyprus Bailout Plan originally appeared on Fool.com.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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