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Biotech / Medical : ABT - Abbott Labs -- Ignore unavailable to you. Want to Upgrade?


To: Frostman who wrote (303)7/18/2000 3:44:30 AM
From: Skywatcher  Respond to of 328
 
Those are what I focused on also...those are high margin, high demand products that can mean huge revenues in the future.
chris



To: Frostman who wrote (303)7/28/2000 9:57:02 AM
From: Skywatcher  Respond to of 328
 
Abbott Labs President/COO Parkinson to retire
CHICAGO, July 28 (Reuters) - Abbott Laboratories said on Friday that Robert Parkinson Jr., president and chief operating officer, will step down on Aug. 1 and will be succeeded by a three-person leadership team.
The new leadership structure is designed to provide strategic and leadership focus in the core areas of pharmaceuticals, medical products and Ross Products, Abbott (NYSE:ABT - news) said.
Parkinson will serve in an advisory role until his retirement on Jan. 31, 2001, the company said.
The leadership team will include:
-- Jeffrey Leiden, 44. He will be appointed executive vice president-pharmaceuticals. He will retain the title and responsibilities of chief scientific officer and will report to Abbott Chairman and Chief Executive Miles White.
-- Richard Gonzalez, 46. He will be appointed executive vice president-medical products, reporting to White.
-- Joy A. Amundson, 45. He is currently senior vice president-Ross Products and will continue to head that unit.
``This new leadership model is part of a long-term strategic plan to provide strong scientific focus across our businesses,''White said in a statement. ``It provides better alignment both strategically and scientifically for our core pharmaceutical businesses and at the same time provides focused leadership for our medical products businesses.''
Parkinson is retiring after nearly 25 years at Abbott.
market seems to like this and after all the stuff that's been going on in the plants, offices and facilities, seems like good news...new blood...
they got the stuff...just a matter of how they handle the other aspects of the biz...
chris



To: Frostman who wrote (303)8/7/2000 4:46:38 PM
From: Skywatcher  Respond to of 328
 
We took a real hit today.........but.........the after hours activity is HUGE....one block of 1.2 million and a bunch of other very large blocks...institution getting out on technicals??? like breaking the 40 marks again? or are they getting another serious position here before we try 43 again?
chris



To: Frostman who wrote (303)8/8/2000 2:48:18 PM
From: Skywatcher  Read Replies (1) | Respond to of 328
 
Cephalon 2nd qtr loss narrows on Provigil sales
NEW YORK, Aug 8 (Reuters) - Drug maker Cephalon Inc. (NasdaqNM:CEPH - news) said on Tuesday its second-quarter loss narrowed by more than 32 percent, beating Wall Street expectations, on increased sales of its narcolepsy drug Provigil tablets.
The company reported a net loss of $9.1 million, or a loss of $0.27 per diluted share, compared to a loss of $11.5 million, or a loss of $0.40 per diluted share, in the year-earlier period. Revenues surged to $19.7 million from $10.7 million.
Wall Street analysts on average forecasted that Cephalon would record a loss $0.41 per share, according to First
Call/Thomson Financial.
The West Chester, Pa.-based company, which specialises in treatments for sleep disorders and neurological disorders, said Provigil sales jumped to $15.3 million from $5.5 million.
The drug, however, suffered a setback in late July after tests showed the drug failed to reduce attention deficit hyperactivity in adults, causing its stock to tumble more than 35 percent.
Research and development expenses in the quarter climbed to $14.5 million from $10.2 million in the period, due to increased expenses associated with the marketing of Provigil and epilepsy seizure treatment drug Gabitril, which is sold in a licensing agreement with Abbott Laboratories (NYSE:ABT - news).
Would think that the stock would be doing something better than this today....
damn....
chris



To: Frostman who wrote (303)9/17/2000 11:18:58 PM
From: Skywatcher  Respond to of 328
 
Abbott Laboratories' Kaletra(TM)Continues To Suppress HIV After Nearly Two Years in Patients New to HIV Therapy
TORONTO, Sept. 17 /PRNewswire/ -- Data presented at the 40th Interscience Conference on Antimicrobial Agents and Chemotherapy show Abbott Laboratories' protease inhibitor (PI), Kaletra(TM) (lopinavir/ritonavir), used in combination with other antiretroviral therapy for the treatment of HIV, continues to provide effective viral suppression for almost two years in the majority of patients new to HIV therapy. After 96 weeks of therapy with Kaletra, 83 percent of patients (83 of 100) had undetectable levels of virus (<400 copies/mL). These data were based on an intent-to-treat (ITT) analysis, which captures data on all study participants. Participants with missing data at 96 weeks were considered treatment failures. This ongoing Phase II study (M97-720) was designed to evaluate different doses of Kaletra and had no comparator group.
Also presented at the meeting were results from another analysis of the same study from patients that continued on treatment at 96 weeks. On treatment analysis (OT) captures data for patients who remained on treatment and had results at a particular time point, therefore results from OT analyses are typically higher than results from ITT analysis. Of these patients, 96 percent (83 of 86) had undetectable levels of virus (<400 copies/mL). Only two percent (two patients) discontinued due to Kaletra-related
side effects. The total discontinuation rate was 14 percent. ``We are impressed with the results of this ongoing study,'' said Constance Benson, M.D., professor of medicine in infectious diseases, University of Colorado Health Sciences, Denver, and investigator in the study. ``These data speak to the 96-week response to Kaletra in patients who were new to HIV therapy.''
This study was conducted among 100 patients new to HIV therapy who were placed in two groups and were randomly assigned a blinded dose of Kaletra at the start of the study. Thirty-two patients in Group I received either a 200/100mg or 400/100 mg dose of lopinavir/ritonavir twice daily and 68 patients in Group II received either a 400/100 mg or 400/200 mg dose twice daily. All patients took Kaletra in combination with d4T (stavudine) and 3TC (lamivudine). Between weeks 48 and 72, patients in both groups converted to open-label 400/100 mg dosing of Kaletra twice daily. The most common side effects were diarrhea, nausea, asthenia (weakness) and headache.
``We are encouraged by the discontinuation rate in this study,'' said Eugene Sun, M.D., head of antiviral drug development at Abbott Laboratories. ``Even after two years, patients continue to experience viral suppression.''
Under accelerated review, Kaletra was recently approved by the U.S. FDA for marketing on Sept. 15, 2000. Abbott also has submitted applications seeking marketing approval in Australia, Brazil, Canada, Mexico, New Zealand, South Africa, Switzerland and in Europe. Regulatory submissions in other countries will follow throughout the year.
In the United States, Kaletra is indicated in combination with other antiretroviral agents for the treatment of HIV-infection. This indication is based on analyses of plasma HIV RNA levels and CD4 cell counts in a controlled study of Kaletra of 24 weeks duration, and in smaller open-label studies of Kaletra of 72 weeks duration. The72-week studies were designed to evaluate different doses of Kaletra and had no comparator groups. At present, there are no results from controlled trials evaluating the effect of Kaletra on clinical progression of HIV.
Kaletra should not be used with certain medications. Taking certain other drugs with Kaletra could create the potential for serious side effects that could be life threatening. Patients should always talk to their physician or healthcare provider before starting new medicines. Kaletra should not be taken if a patient has had an allergic reaction to Kaletra or any of its ingredients. Cross resistance to other protease inhibitors has been observed. Increased bleeding in patients with hemophilia, and diabetes and high blood sugar have occurred in some patients when taking protease inhibitors. Changes in body fat have been seen in some patients receiving antiretroviral therapy. Some patients receiving Kaletra have had increases in triglycerides and cholesterol. Pancreatitis and abnormal liver function have been reported in patients receiving Kaletra.
Kaletra is not a cure for HIV infection. People treated with Kaletra may continue to acquire illnesses associated with advanced HIV infection, including opportunistic infections. Kaletra has not been shown to reduce the risk of passing HIV to others through sexual contact or blood contamination. Patients should continue to practice safe sex and should not use or share dirty needles. The most commonly reported, Kaletra-related side effects of moderate severity are: abdominal pain, abnormal stools, diarrhea, feeling weak/tired, headache, nausea and vomiting.
Abbott has been providing Kaletra to patients in markets worldwide since the fall of 1999 through an Early Access Program. The Early Access Program gives patients who do not have other viable treatment options access to this treatment. With the recent approval of Kaletra by the U.S. FDA, Abbott continues to provide Kaletra to patients in the United States who participated in the program during a two-month period while they obtain coverage for the medication. Kaletra will continue to be available through Abbott's Early Access Program in many countries other than the United States, where it is pending local regulatory approval and market availability.
Abbott Laboratories has been a leader in HIV/AIDS research since the early years of the epidemic. In 1985,the company
developed the first licensed test to detect HIV antibodies in the blood, and remains the leader in HIV diagnostics. Abbott retroviral and hepatitis tests are used to screen more than half of the world's donated blood supply. With Kaletra, Abbott has developed two protease inhibitors, and also offers nutritional products that meet the unique dietary needs of people living with HIV.In addition to conducting its own aggressive research to fight HIV and AIDS, Abbott continues its strategic alliance with Triangle Pharmaceuticals to develop and market promising antiviral drug therapies.
WOW
chris



To: Frostman who wrote (303)10/25/2000 10:53:26 AM
From: Skywatcher  Respond to of 328
 
Data Suggest Biaxin(R) XL (Clarithromycin Extended-Release Tablets) May Have Less-Severe Gastrointestinal Side Effects Than Augmentin(R) (Amoxicillin/Clavulanate)Biaxin XL for Seven Days and Augmentin for 10 days Showed Similar Results in a Study for the Treatment of Acute Exacerbation of Chronic Bronchitis
ABBOTT PARK, Ill., Oct. 25 /PRNewswire/ -- Data from a study presented today at the annual meeting of the American College of Chest Physicians shows patients treated for acute bacterial exacerbation of chronic bronchitis (AECB) with
once-daily Biaxin® XL (clarithromycin extended-release tablets) for seven days experienced significantly less-severe gastrointestinal (GI) side effects than those taking another leading antibiotic, Augmentin® (amoxicillin/clavulanate), for 10 days.
In this study, which was designed to compare the safety and efficacy of the two medications, the treatments were equally
effective in treating AECB. Overall incidence of treatment-related adverse events was shown to be similar, with a significant difference in abnormal taste reported by more patients taking Biaxin XL. In addition, significantly more patients taking Biaxin XL gave a response of ``excellent'' or ``very good'' when asked, ``How do you feel today?'' at study days 10-12 than those taking Augmentin.
``These data regarding the tolerability of Biaxin XL are consistent with previous studies that show Biaxin XL is a well-tolerated treatment option,'' said Antonio Anzueto, M.D., associate professor of medicine, Division of Pulmonary Disease/Critical Care Medicine, University of Texas Health Science Center at San Antonio. ``In addition, Biaxin XL offers patients the convenience of once-a-day dosing in a shorter course of therapy.''
Biaxin XL is a once-daily formulation of Abbott laboratories' (NYSE: ABT - news) widely prescribed advanced-generation macrolide antibiotic, Biaxin® (clarithromycin) tablets, and was approved by the U.S. Food and Drug Administration (FDA) in March 2000 for mild to moderate infections in adults for the treatment of acute maxillary sinusitis (AMS) caused by Haemophilus influenzae, Moraxella catarrhalis, or Streptococcus pneumoniae and acute bacterial exacerbation of chronic bronchitis (AECB) caused by Haemophilus influenzae, Haemophilus parainfluenzae, Moraxella catarrhalis, or Streptococcus pneumoniae. The efficacy and safety of Biaxin XL in treating other infections for which other formulations of Biaxin are
approved have not been established. In adult clinical trials in both AMS and AECB, Biaxin XL tablets taken once daily resulted in clinical cure rates comparable to those of the immediate-release formulation, Biaxin tablets, taken twice daily.
things continuing to improve here.
chris