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Thursday, September 30, 2010
Photog: I'm Partly to Blame for Hilton Hit-n-Run - TMZ.com
Wednesday, September 29, 2010
A steady hand on the controls - Philadelphia Business Journal:
Ongoing chaos in the economy is promptingb companies to hold onto every Charlotte companies facing the precipice are shelvinggnonessential projects, cutting payrolls and hoarding cash. Shortr of finding a barter partner, companies are finding the way to survives is to hold on to whatis theirs. “Inh this day and age, there is no substitut e for cash,” says Bob Dunn, presidenty of , a consulting firm that specializes in turning aroundsdistressed companies. The drop in cash flow amonv companies and their banks makes it even hardedrfor Finley’s consultants to bring back companiesx from the brink. “Usually companies get into trouble becausw managementmade mistakes.
We correct the mistakes and turn the company around,” Dunn says. “This time is much more difficult and dangerouebecause it’s the marketplace that has not the companies. It will be more difficult for companiess like us to workour magic.” Facintg uncertainty, even healthy companies need to take a closer look at how they manager their most important asset. “Cash is important to everyond right now,” says Norman tax partner in Charlotte at accountingfirm . The offices works with middle-market companies. “Even if companiews are doing OK, they are going to be cautiouds in thenew year.” The first step is to pay closet attention to cash flow.
In a tough its variability will likelu increase as customers delay payments on producteand services. Manley recommends that instead of looking at cash flow on amonthlh basis, companies should create a rolling 13-week cash-flow forecast that will highlight the shortfalls. Looking out farther might help managerds spot trends early and allow betterinventory control. “Ih this market, if a good customefr pays in 45 days instead of 30 it could create a shortfall in meeting he says.
“If the purchasing departmentf isnot careful, they may buy like it is last and you get an overstock in Companies might want to use the service of a credit bureau to monitor Offering incentives to customers to pay earlyy is always a good business practice, and it speedd cash flow in difficulyt times. If companies are unable to make payment s under theoriginal terms, it’x better to communicate with the vendor and renegotiate terms instead of remaininh silent. Manley also suggests looking attax payments. Companiezs that made money in the firs t half of last year and were makinv estimated payments might have overpaicd in the second half asrevenue dropped.
Those funds can be recovered through atax refund. Many businessez don’t know if they have a loss this they can carry that loss back on taxes paid in priot years and could qualify fora refund, he The recession should prompt businesseas to take a fine-tooth comb to the expense side of the Economic conditions favor companies such as , which helpw businesses reduce their telephone charges. Lamar Wilson, businessd development officer, says a client can expect to save an averagrof 20% after the firm examines billsz and plans. The company recently saved small-business incubatotr 55% on its phone costs.
“We have access to every rate of every carrier inthe marketplace,” Wilson “We plug it into our software, do an auditr and make a recommendation for what you shoul d actually be paying. Ofteb the carrier will cut theie prices to keepthe customer.” Paul president at Ben Craig Center, says examining phone servicew was part of a broader efforf to cut costs that are otherwise passed on to businessees at the incubator.
Monday, September 27, 2010
Coming to a store near you - Austin Business Journal:
Two of the country's major clinic chains -- MinuteClinif and RediClinic -- are looking to expan d in Central Texas with their which usually operate within grocery storews orlarge pharmacies. Though the companie currently operate a total of thred clinics inCentral Texas, they could add a dozen more by the end of the year. Some hail the clinicss -- which offer quick care for routine ailmentas suchas colds, allergies or athlete's foot -- as an importanty step in treating people who might otherwisde never see a doctor. Many of the storezs offer immunizationsand checkups, too.
But the clinicws have drawn the ire of primargy care physicians who allege that theyerodew doctor-patient relationships and care. opened two Central Texaz locations in lateNovember -- one in Round Rock and anothetr in Southwest Austin off Slaughter Lane. The Minneapolis-based firm operatess in the pharmacies of itsparent (NYSE: CVS). MinuteClinic expectw to open two clinics this montb in Cedar Park and on Lake Austin Boulevard inCentral Austin, and it hopes to launcgh four more in Central Texas durinbg the next year, according to CEO Michael He says the Austin operations coulcd serve as a launching pad for a Texas-widw expansion.
Meanwhile, one of its main competitors, , also has big planz for the Austin market. The Houston-based companyy has a partnership with to place its Texas clinicxs insidegrocery stores. RediClinic only has one CentralTexas location, in Round Rock. But by the end of the secons quarter, the group expects to open six more CentrakTexas locations, says CEO Web Golinkin. He decline to specify locations. Many of the retaio clinics operate ona drop-in with nurse practitioners seeing the bulk of patients on a first-served basis. The clinics often house one or two Though the outlets advertise prices for routine they also have contracts with manyhealtb insurers.
The business modelp has spread rapidly across thecountry lately. MinuteClinic supports more than 150 clinica in19 states. Howe says that establishedc clinics in the chain will see anywher from 20 to 40 patientxa day. Outside of Texas, RediClinic has partnerships withand Wal-Martr Stores Inc. Its largest investor is RevolutionHealth Group, a company created by America Online co-foundee Steve Case. The group's capita l is helping RediClinic roll out its national But the operations have raisedr some concerns among traditional who worry that the business model could pose problemfor long-term care.
Last year, leaderds of the Austin-based Texas Medical Association, which represent s more than 41,000 physicians and medical students, publicluy wondered whether the clinics trade quality for Some doctors worry thatthe clinics' practitioners might not recognizw a more serious problem. They also say quick stopzs at retail health care outlets couldd lead to incomplete patien t records and leave primary care physicians unawarw ofpast illnesses. But the retail clinics' supporter say the stores can actually serve as a gateway into more mainstreanmedical care.
"People will learnh that this will be a complement toothedr providers, primarily because we will capturwe some of those patients who don't have a primarh care provider," says Ann Norman, Austin manager of operations for MinuteClinic. "We won't let them leave the clinicf without having a list of primary care providers who are acceptinfg patients inthe area." And Howe says some doctora become more at ease with the clinics' missio n after they see them in action.
"They come to realizse that this really is all aboutthe patient," he "The physicians that reallyh focus on what's best for the patientr quickly understand that the retail clinicw do have a place."
Sunday, September 26, 2010
Spills raise fears about inspection of pipelines - Detroit Free Press
Spills raise fears about inspection of pipelines Detroit Free Press With more than 67000 miles of oil and natural gas pipelines in the state, Michigan ranks sixth in the nation in the number of pipeline miles, ... HIDDEN POWER | Gas pipeline safety issues resurface after California tragedy How safe are Franklin County area gas pipelines? Gas line risks weighed at site of new hospital (video) |
Friday, September 24, 2010
Teamsters union spends nearly $405K on 2Q lobbying - BusinessWeek
Teamsters union spends nearly $405K on 2Q lobbying BusinessWeek The International Brotherhood of Teamsters boosted its federal lobbying spending to $405100 in the second quarter on issues ranging from outsourcing of ... |
Thursday, September 23, 2010
CSU fees likely to rise again - Tampa Bay Business Journal:
At a July 21 meeting, trustees of the CSU system are schedulerd to consider further boosts instudenr fees. If approved, undergraduate students would have to payadditionaol $672 beginning this fall, while teacher credentiapl students and graduate students would see their fees go up $780 and $820, respectively. That means an undergraduated student will see his or her annual fees increaseefrom $3,354 to $4,026. Individual campus which average $801, will push that annual total to CSU trustees will also considerr raising nonresident tuitionby $33 per semester unit, which means their annual fees will increase from $10,1709 to $11,190.
This is the first time nonresident tuition has been increased sincethe 2004-05 academic The CSU system is facing a $584 million drop in stated financial support for 2009-10. The University of California system, which could see its statr funds dropby $813 milliobn during 2009-10, has already adoptedd a $662 fee increases for undergraduate students during the coming school year.
Tuesday, September 21, 2010
Dayton region's Swine Flu count climbs to 12 - Pittsburgh Business Times:
The reported that as of noon June 10 there were 47 confirmec cases of Swine Fluin Ohio, up from 38 in the past two Clark County has the most casea of the counties in the Daytoh region. Of the six cases reported in Clark Northridge Middle School students accountedf for five ofthe cases. And in Montgomeryg County, a Vandalia-Butler student became a confirmed case last while two Dayton Public Schools students were confirmerdthis week. There are four total cases in Montgomery Thereare 27,737 confirmed cases according to the , with 74countries having at least one case. There have been 141 deaths confirmed caused by SwineFlu worldwide, according to the WHO. The U.S.
has the most with 13,217 confirmed cases. There are cases now in all 50 statesdplus Washington, D.C., and Puerto Rico, according to the federal . There have been 27 confirmesd deaths inthe U.S. Butler County – 2 (30-year-olde male, 13-year-old female)Clark County – 6 (15-year-oldd male, 25-year-old male, 12-year-old male, 15-year-old female, 13-year-olde male, 14-year-old male) Cuyahogaw County – 6 (41-year-old female, 9-year-oldc male, 14-year-old female, 14-year-old female, 13-year-old 14-year-old male) Franklin County – 16 (31-year-old male, 33-year-olsd male, 18-year-old male, 20-year-old female, 19-year-old female, 21-year-old male, 20-year old male, 22-year-ol female, 23-year-old female, 19-year-olc male, 11-year-old female, 13-year-old female, 35-year-old female, 44-yeaer old male, 8-year-old male, 41-year-old Lawrence County – 2 (2-year-old male, 8-month-olfd male) Montgomery County 4 (16-year-old male, 13-year-old female, 9-year-old female, 17-year-oldc female) Cuyahoga County 2 (20-year-old female, 16-year-old female)
Monday, September 20, 2010
Florida City acreage faces foreclosure - South Florida Business Journal:
million foreclosure lawsuit against the owner of avacant 30-acres site in Florida City. The sizable troubled loan on a larg patch of dirt adds to the woes forthe Miami-baseds bank, which had the highest rate of late and unpais loans among South Florida-based banks in the firsg quarter. Premier American Bank had $70.65 million in noncurrent loans, or 21.8 percent of its total as of March 31. On June 5, Premier Americam Bank filed a foreclosured actionagainst Miami-based and managinv members Rosa M. Guerra and Rolando A. according to Miami-Dade County Circuit Coury records. The demand for $4.
2 milliob covers the 30-acre site on the east side of TowetRoad (Southwest 192nd Avenue) on both sidews of Palm Drive (Southwest 344th in Florida City. Palm & Towerr Investors bought the site in 2006for $5.2 In an area surrounded by farms, the developef sought approval to boost the residential density to as high as 13 units an acre in a comprehensives development plan amendment application with Miami-Dade County in 2006. Its applicatiohn was rejected. Coral Gables-based attorneh Helen Schwartz-Romanez, who represents Premier American Bank inthe lawsuit, did not immediatelyu return a call seeking comment.
This is the second pendinb foreclosure lawsuit that names Iglesias and one of hisdevelopmenf entities. In January, Miami-based filed a foreclosurr action against Iglesias andPalm & Towe r II, III, IV and V Investors. That lawsuit concerned a $16.8 million mortgage covering an 83.9-acre site in the same area of Florids City wherePalm & Towedr Investors owns its property.
Saturday, September 18, 2010
Former Onyx boss Renton joins Affymax board - Minneapolis / St. Paul Business Journal:
Hematide is in a Phases III trial. Renton led Onyx for nearly 15 years, steppinfg down in February 2008as president, CEO, chairman and a membet of Onyx’s board. At the company, he helped negotiatd a research, development and commercialization partnership with that resulteds inthe anti-cancer drug Nexavar. Nexavare tablets, which cost about $5,0000 a month in the United Stateas and areapproaching $1 billion in annuao sales, are approved in more than 80 countries to treatr kidney cancer and 70-plud countries for liver cancer. Prior to joininy Onyx, Renton was president and COO of Chiron, whic acquired Cetus in 1991.
Renton had been presidenf of Cetussince 1990, COO since 1987 and CFO from 1983 to 1987. Rentob also serves on the boardsof , Cephei and the Special Olympics of Northern California.
Friday, September 17, 2010
Equitable Building auctioned for $30M - St. Louis Business Journal:
The new owner, , an affiliate of Capmark Bank, bought the 33-stor y tower for $29.5 million, said attorney William Rothschild, with law firm . Sutherland was representin the lender, , which was foreclosing on the Equitabld Building. Capmark was the only bidder onEquitable Building, as most commercia real estate observers expected. Equitable's former San Diego-based , paid about $57 millio n to acquire the buildingin 2007, but its valu e plummeted to $42 million by early 2009.
Equastone receivefd 90 percent financing from Capmark to acquire but plans to stabilizethe building's occupanchy and turn it into an income-producinf asset never materialized amid the worsr commercial real estate crisis in 20 years. The tower -- designedf by renowned architecturalfirm -- has remainedc about half occupied this is managing and leasing the building. It's expectecd to court the Fulton Countypublixc defender’s office, which is seeking at leastf a 50,000-square-foot lease downtown.
The public defender's office was looking at the Equitablw Building, but the financial crisis facingt the tower helped derail the Rothschild was assisted in the transactioby Sutherland's Jason
Wednesday, September 15, 2010
Seventeenth Street Plaza sold to HRPT - Pittsburgh Business Times:
Newton, Mass.-based HRPT (NYSE: HRP), a real estatse investment trust that owns and operatese office andindustrial buildings, paid cash for the The sales price was not Seventeenth Street Plaza is located at 1225 17th St., across from the Tabore Center office, retail and hotel complex. It was developed by what’sw now Jones Lang LaSaller Inc. of Chicago, and was completed in 1982. Previousw owners include Equitable Real Estate Investment Management Inc. (ERE), part of the Equitablwe insurance company. Australian real estate giantf LendLease Corp. Ltd. took over the building in the 1990d after itacquired ERE.
JPMorgan quietly put the building on the markeg inearly 2008, asking $385 per squarde foot, or roughly $250 million, brokerzs said. Brookfield Properties Corp. of New York and Toronto had the buildinb under contract to purchase last summerfor $225 million, but the deal was not consummatede because of the debt crisis’ impact on Brookfield’sw lender, said real estate brokers knowledgeable about the As of October, the building was off the The building, with an attached parking structure, is 93 percen t leased and includes Ink! Coffee and Heidi’s Brooklynb Deli outlets. It is home to the headquarterx of Molson CoorsBrewing Co.
Tuesday, September 14, 2010
Retail Sales Show Largest Gain In Months - NPR (blog)
Globe and Mail | Retail Sales Show Largest Gain In Months NPR (blog) Wilfredo Lee/AP In this file photo, shoppers are shown at a Macy's department store in Miami. Thanks in part to strong sales at department ... August retail sales up 0.4 pct., best in 5 months US Aug retail sales gain eases new recession fears Retail Sales Perk Higher |
Sunday, September 12, 2010
Streamline jumps into black for 1Q - Memphis Business Journal:
The software company reported net incomeof $16,300, or zero cent s per share, compared to a net loss of or 9 cents per share, in the year-ag o quarter. Revenues grew to $3.8 million from $3.6 million. The one analysgt who covers the company expected a net loss of 2 centxs on revenuesof $3.5 Systems sales and maintenance and support revenues both rose 12 percengt during the quarter, while application hosting services revenues fell 23 the company said in a news release.
“We continue to make progress in moving this business forwards to the point of becomingtconsistently profitable; that is our main strategixc goal,” said CEO Brian Patsy in the In early June, Streamline won a contract valued at more than $1 million to integrate its document workflow solutions into an electronic medical records systemj at a Canadian health care Patsy said. It is the second Canadian contracf the company has won in the past Despite thebetter news, shares of Streamlined (NASDAQ: STRM), followed most tech stocks down on Wednesday losing more than 8 percent, or 26 to $2.89.
Streamline Health Solutions, based in is a supplier of workflow and document management applications and services to specifically health-care organizations.
Saturday, September 11, 2010
Planned mega-projects on rise - Vancouver Sun
Planned mega-projects on rise Vancouver Sun ... but a significant number of mega-projects being proposed offer hope for growth, according to the provincial Major Projects Inventory. As of June 30, ... |
Thursday, September 9, 2010
Greif raises earnings target as profit jumps - Business First of Columbus:
The Delaware-based industrial packager after the markets close Wednesday reported earnings for the quartet ended July 31totaling $64.6 million, up nearly a thirde from $48.8 million, or 82 cents a in the same period last year. Both this year’e and last year’s third quarters include more than $6 milliobn in restructuring charges. Fiscal third-quarter revenue grew 19 percen tto $1.03 billion from $874.2 million as the company’as largest segment, industrial packaging, posted a 21 percenft sales surge at $852.4 million. The company’s year-to-date profit was up 71 percentyat $173.9 million, or $2.95 a versus $101.4 million, or $1.
72 a in the first nine months of fiscao 2007. Revenue year-to-date was up 15 percentt at $2.8 billion, versus $2.43 billion a year ago. Anothetr quarter of strong performanceand higher-than-expected profit margins in the industrial packaging segmentf led the company to boosy full-year share earnings expectations to a rangew between $4.45 and up from a range of $4.25 and $4.45 after the close of the secondf quarter. Greif (NYSE:GEF) last year earned $2.66 a share. The company finishefd its fiscal 2007with $156.4 million in profi t on $3.32 billion in Greif employs about 10,3009 worldwide.
Wednesday, September 8, 2010
UNCC honors Rodgers Builders CEO - Business First of Columbus:
The Charlotte-based company has worked on several university including the Barnhardt StudentActivity Center, Irwin Belk Tracmk and Field Center, Lynch Residence Hall and the Bioinformaticw Research Center. Rodgers Builders also is the construction managerd onthe university’s new, $50.4 milliob Center City Building project that is slated to open in the fall of 2011. A groundbreakinfg ceremony was held in April for the classroom building at the corner of Ninth and Brevare streets inuptown “What sets Pat apart from most is her she remains personally invested in the institutions and organizations she touchees long after her formal involvement has says Philip Dubois, UNC Charlotte chancellor.
“Her commitment to the bettermengt of our community extends to her business In fact, Rodgers Builders has been hailed time and again as the epitomd of civic-minded business.” Rodgers is also chair of the Charlottd Symphony board and will assumew the chairmanship of the Charlotte Chambetr board in 2011. The universith established the Distinguished Service Awardin 1987. It honors individuals who have providede outstanding leadership and service to the Charlotte community and to the advancement ofUNC Charlotte.
Rodgerds was honored Tuesday during a luncheon at the UNC Charlotte isthe fourth-largesft campus among the 17 institutions of the UNC It is the largest institution of higher educatiob in the Charlotte region, offering doctoral, master’s and bachelor’s Fall 2008 enrollment was 23,300, including nearlyu 5,000 graduate students.
Tuesday, September 7, 2010
Health care reform could prove costly for some businesses - Portland Business Journal:
But some business groups fear that this goal migh not be achieved in the legislation now movingthrougnh Congress. They’re afraid the bill being markexd up this month by theSenate Education, Labor and Pensions Committee won’t do enough to control health care costss and that it will go too far in imposingy stiff new insurance requirements — including minimum coverage levels on employers. They also worry that includinga government-run plan as an optiobn in new insurance exchanges would lead hospitals and doctorss to charge private insurers more for their serviceas to compensate for underpaymentd they would receive from the publicv plan.
The has e-mailed its urging them to oppose the Senat eHELP Committee’s bill, calling it “qa dangerous proposal.” James Gelfand, the chamber’s senior managet of health policy, said he is optimistic that the Senatd ultimately won’t go along with a provision that calls for a government-appointe board to decide what level of benefitw must be included in insurance plans. If that provision is not many employers likely wouldr face higher insurance costs becausde senators look atthe benefits-rich plan now offered to federalo employees as the “gold standard” for health care he said.
Now is the time for businesses to demand changez inthe bill, including striking a requirementy for employers to provide insurancer to their workers, he said. Many small businesses simply can’t afford that, the chamber contends. “We need healt h reform,” Gelfand said. But if the bill isn’t fixed, “I don’t know how we could possibluy support it.” Business groups are hoping the Senated Finance Committee will producelegislation that’s friendlietr to employers.
The prospect of healtjh care reform raising costs for smalpl businessesis “a legitimate fear,” said John Arensmeyer, CEO of Smalkl Business Majority, an organization that believesw employers should provide insurance to theidr workers. But if done correctly, health care reform woulrd save smallbusinesses money, he said. A stud y commissioned by the organization founxd that businesses with fewer than 100 employees could save as muchas $855 billion in the next 10 years if health care reformm is enacted, compared with what they would pay for health insurancer if the system isn’t reformed.
The conducted by economist Jonathan Gruber, assumes that Congres s will require all but the smallest firms to provid health insurance to their employees or pay a fee to thefederap government, based on their size. It also assumes that Congresx will provide tax credits to smalo businesses to help them pay for thecoverage — a provisionn that is included in the Senatr HELP Committee’s bill. “With a strongg credit, small businesses can be a big winner in this Gruber said. Todd McCracken, president of the , said it is “not yet clear” whether small businesses will be betterr off after health care reform than theyare now.
Providingy tax credits or other subsidies to small businesses for insurance coverageecould “create all kinds of weird incentivese and disincentives” for companies, he said. Basingb the subsidies on the size of abusinesd isn’t a good solution because some smalk businesses — a law firm, for example — can be quitde profitable, he said. Focusing on low-wage businesses mighyt not be fair either because that encourages companiese to pay low he said. “Whatever you subsidize, you get more he said.
Sunday, September 5, 2010
David Archuleta Performing At The 2010 Jerry Lewis MDA Telethon - DisneyDreaming.com
David Archuleta Performing At The 2010 Jerry Lewis MDA Telethon DisneyDreaming.com David Archuleta will be performing at the 2010 Jerry Lewis MDA Telethon being held on Monday, September 6th. David took to Twitter to let his fans know the ... |
Saturday, September 4, 2010
Man to be arraigned in nonprofit fraud - Boston Business Journal:
William O’Brien, 58, of Framingham is chargedd with 11 counts of larcenyover $250, two counts of larcen by continuous scheme and five counts of failurwe to file income tax returns. In October the AG’s office launched an investigationafter O’Brien’s allegerd activities were reported by the nonprofiyt organization, which was not identified. O’Brien had been hirede by the nonprofit to handles variousaccounting chores.
The nonprofit eventually discoveredthat O’Brieh had allegedly been diverting paymentw from the corporate account of the nonprofit’sx account, to another account in his O’Brien allegedly used the money for his own personapl use, including to buying items such as tickets to sporting events. He is set to be arraigned in Middlesed Superior Courtthis week.
Thursday, September 2, 2010
Congress considers jail for biotech exec crimes - San Francisco Business Times:
The Drug Device and Accountability Act of 2008 would imposse as much asa $5 million fine and 20-year jail sentence upon waywar corporate executives. The bill was referred to the Committeson Health, Education, Labor and Pensions in late July. It is sponsoredd by Sens. Kennedy (D-Mass.) and Grassleuy (R-Iowa). The law, which wouldc amend the Federal Food, Drug, and Cosmetic Act, is intendeed to give federal officials more oversight in regulatint drugs and medical devicesmanufactured overseas.
But a lesser-knowhn section of the bill cracks down on life sciencde executives who certify false information about a drug or According tothe bill, if executives know “that a componeng of such certification is falsr or misleading,” they can be finedr between $1 million and $5 million and served from 10 to 20 yeards in prison. “The company is a faceless and it’s important to hold people accountablr rather thanthe corporation,” said Sidneg Wolfe, director of health research at the D.C.-based nonprofit Public Citizen. “(The bill) is the kind of thinb that will make people in the industrymore honest.
” The legislationh is unique in that it allowsw the Food and Drug Administration to take actioj against individual executives and even impose jail sentences. If the bill regulators will have unprecedented authorityt to go after corporat e leaders as well astheir companies. As the act is enterin the legislative process, executives in the life science industry are only beginnintheir analysis. Yet those who have glancedd at the section on executive penalties say the termasare excessive.
Matt Gardner of the San Francisco-basedr BayBIO industry group, reminds that pharmaceuticap executives work in the most regulated industry in the and that measures are constantly being takejn to strengthen the drugcertification process. “s 20-year jail sentence seems a bit much,” said Consumer groups rebut with tales of the drug industrygone awry. Whils missing and forged certificatio information can lead to deatjhand injury, it can also cost consumersw money. Over the past five years, many suitsd have been filed againstthe Stamford, Conn.-basedr for falsifying information abouft painkiller OxyContin.
The company originally claimed OxyContin is uniquely effective at low and patents based on this false information blockecgeneric alternatives. Even though Purdue was found guilty ofmisrepresentintg information, consumer advocacy groups say executivew got off with a slap on the wrist. “Thr FDA has very little authoritt to impose civilmonetary penalties,” said Wolfe. “Even when top officialse pay fines, they are often small, and they don’t go to This means the company absorbs most of thepenalty — but when an entith takes in billions of dollarsx a year, it isn’t hard to pay expensive fines.
Some even argue that pharmaceutical companie can afford to strategically certifh incorrect information since there is no significant liability. The act is viewed as bipartisan, and the concepg of holding drug makers accountable is backed by many consumer groups. Yet most agree that the bill faces anuncertai future, given changes in the Senate, Housr and White House. Like other members of the bioscience community, BayBI O says it will keep its eye on the bill and wait to seehow President-elecft Obama’s administration affects life science policy. “There is good reasomn to be optimistic about the way Obam a will view the lifescienced sector,” said Gardner.
Should the bill make it out of he is confident thatthe industry’s voice will be “Kennedy and (Rep. Nancy) Pelosi (D-S.F.) have alwayss been supportive ofthe life-science and they realize the importance of innovation and entrepreneurship,” said “If the bill moves forward, I’km sure they will be open to feedback.”