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In the second week in May, the Peripheral and Central Nervous System Drugs Advisory Committee to the FDA held a panel meeting to discuss approval for using Questcor’s (QCOR) Acthar in the treatment of infantile spasms. The meeting went very well as the panel's purpose was to advise the FDA on their opinion of whether or not Acthar should be approved by the FDA for this condition. The vote by pane
Gilead’s (GILD) stock has been in a funk. In the last three months, it has dropped 24% from about $46/share to about $35/share; this compares to a 15% drop for the Biotech HOLDERs index. It now has a PE of 11.1, lower than Pfizer (PFE), Novartis (NVS), and Sanofi Aventis (SNY), while having far higher growth and operating margins. Revenues soared 27% from 2008 to 2009 to $6.5 billion and are expe
The major U.S. stock indices finished the day in the red after markets gave up a strong open due to investor enthusiasm for China's decision to allow its currency to appreciate against the dollar. The U.S. economic calendar was clear throughout the day, allowing investors to focus on the currency news from China.

In today's market, BP (BP) says total cost to date of the response to the Gulf of
If Facebook were a publicly traded company, its market value would rival Yahoo’s (YHOO) and be ten times bigger than AOL’s (AOL), if demand for its private shares are any indication. Shares of Facebook on private-company stock market SecondMarket are going through the roof right now. This week, Facebook shares traded on SecondMarket passed $50, giving Facebook a total market value of $25 billion,
American Express Co. (AXP 45.95, -0.04, -0.09%) said Tuesday it will launch the world's first yuan-denominated travelers checks for visitors to China next month under a partnership with Bank of China Ltd. (3988.HK), in response to increasing demand for the prepaid product.
A123 Systems (AONE), the lithium ion battery maker that held its IPO last year, used to sell most of its output to power tool powerhouse Black & Decker (SKW). The relationship, however, has recently become more distant.

"During each of the years ending December 31, 2007 and 2008 and 2009, Black & Decker, together with its affiliates, represented 66%, 44%, and 14% of our revenue, respectively,"
Palm Inc. shares surged for a second straight session on Monday, leading to gains across the tech sector as the smartphone maker's shares climbed more than 17% following reports the company is looking for a buyer.
Estimates for TriQuint (TQNT) have been on the rise following the upgrade in outlook for the first quarter of 2010 by the company.

TriQuint now expects revenue of $175 million in the quarter, up 47% year over year and up from the previous guidance of $170 million – $175 million.

Earnings per share is now projected at 11 cents, compared to the earlier forecast of 8 – 10 cents.