Transition Therapeutics Inc. said Friday its potential type 2 diabetes drug failed in a clinical trial and the company will end development. The study focused on the company’s gastrin analogue TT-223 in combination with an Eli Lilly & Co. treatment. The study involved 150 patients. Shares of Transition…
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Transition Therapeutics diabetes drug fails study, development ended
Shares of small-town and rural phone company CenturyLink Inc. and its acquisition target Qwest Communications International Inc. hit 52-week highs on Friday after a Goldman Sachs analyst pointed to their high and relatively safe dividends. CenturyLink shares rose 85 cents, or 2.2 percent, at $38.93 in midday…
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Sector Snap: Qwest, CenturyLink hit 52-week highs after Goldman praises telco dividends
The state is giving Harley-Davidson Inc. $25 million in tax credits to preserve jobs at its plants in the Milwaukee area and Tomahawk. The Department of Commerce said Friday the tax credits, over nine years, are linked to jobs and capital investments by Harley and purchases from in-state suppliers. The…
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Wis. Department of Commerce offers $25 million in state tax credits to Harley-Davidson
Oprah Winfrey chose Jonathan Franzen’s new book “Freedom” for her book club on Friday, calling it a “masterpiece” nine years after she canceled his appearance on her show when he expressed ambivalence over her endorsement of one of his previous works. “I am really betting that “Freedom” by Jonathan Franzen will…
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Oprah Winfrey chooses Jonathan Franzen’s ‘Freedom’ for book club, calls it a ‘masterpiece’
Irish drugmaker Elan Corp. PLC said Friday a U.S. law firm has found no wrongdoing by the company, rejected allegations by two Elan board members. Elan said the law firm, McKenna Long & Aldridge, found no legal breeches or wrongdoing by Elan’s management, board of directors, or advisers. According to Elan, the…
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Drugmaker Elan says 2 directors will resign and drop lawsuit after review by law firm
Shares of Alkermes Inc. rose in morning trading Friday after a government panel recommended approval of a second use for its addiction drug Vivitrol. THE SPARK: On Thursday, a Food and Drug Administration panel of experts recommended that the agency approve Vivitrol as a treatment for addiction to opioid drugs….
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Alkermes shares rise on positive FDA panel recommendation for Vivitrol
Shares of Arena Pharmaceuticals plunged in morning trading Friday, after a Food and Drug Administration panel rejected its weight loss pill lorcaserin. THE SPARK: On Thursday, An FDA panel of experts voted 9-5 against recommending the drug for approval, saying some unresolved safety questions outweighed its…
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Arena Pharmaceuticals shares fall on negative FDA panel vote for weight loss drug
Minnesota Gov. Tim Pawlenty is coming away from a weeklong visit to Asia convinced that American innovation and technology is what China and Japan most covet. During a Friday conference call from Tokyo with Minnesota reporters, Pawlenty provided an audio postcard of what is likely his last overseas trip as…
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Wrapping up Asia trip, Minn. Gov. Pawlenty says US must keep edge in innovation, technology
The 2008 Republican vice presidential candidate will be the big draw at Friday’s Reagan Dinner in Des Moines, the Iowa Republican Party’s biggest fundraiser, and the question that will be on everyone’s mind is whether she’ll run for president in 2012.
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Will She Run? Palin in High-Profile Visit to Iowa
Alaska U.S. Sen. Lisa Murkowski, who conceded the GOP primary to Joe Miller earlier this month, says she’ll decide by Friday whether to mount a write-in candidacy. Joe Miller – Lisa Murkowski – Republican – United States – Senate
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Murkowski to make a decision by Friday