More Under Armour Red Flags...
November 20, 2009
Stock Jocks Punish Under Armour's Mathletes | www.cnbc.com
Under Armour's most recent 10K contains a number of financial reporting "red flags" that reflect a cavalier attitude toward financial reporting transparency.
Will Quest Acquire Vermillion?
November 20, 2009
Why Quest Will Acquire Vermillion | www.genomeweb.com
Quest Diagnostics has had a known relationship with Vermillion. Now that Vermillion has received FDA approval for its OVA1 in vitro diagnostic multi-variant index assay (IVDMIA) and Quest has an exclusive three year marketing license and a 17% investment in the company plus additional loans, acquisition of Vermillion could make sense for both companies.
What the Former SEC Chairmen Missed...
November 19, 2009
Don't Let Banks Hide Bad Assets | online.wsj.com
Conceptually, the arguments favoring fair value accounting are sound and quite appealing. Unquestionably, financial statement users will benefit from data about how a company’s assets and liabilities change in value during a reporting period. However, there are two major issues associated with fair value reporting that accountants, investors, legislators, and regulators need to address in the wake of our most recent financial crisis.
What Have the Accountants Done For Us Lately?
November 19, 2009
Systemic risk legislation threatens FASB’s independence | www.accountingweb.com
Debates about the causes of the recent financial crisis have yet to focus on the inability of financial institution independent auditors to provide adequate oversight over management’s valuations of financial instruments.
Roche Receives H1N1 FDA Emergency Use Authorization
November 16, 2009
Roche Gets FDA EUA for H1N1 Test Kit | www.genomeweb.com
Roche has received an Emergency Use Authorization from the FDA for its RealTime ready Influenza A/H1N1 Detection Set. The new H1N1 assay is run on its MagNA Pure LC platform for nucleic acid isolation and its LightCycler 2.0 system for real-time PCR applications. Roche, the worldwide clinical diagnostics leader should have an advantage in the H1N1 market segment.
November 14, 2009
Sequenom Shareholders Sue Company, Officials over SEQureDx Data Mishandling | www.genomeweb.com
The Sequenom sage appears endless. Following the "mishandling of data" involving the company's Down's syndrome test, termination of company executives, investigation by the NASDAQ , the SEC and the US Attorney for the Southern District of California, Xenomics lawsuit against Sequenom seeking up to $300 million in damages, Sequenom shareholders have filed a suit against the company and several individual current and former executives . The news continues to mount and none of it is good.
Epigenomics Reports Excellent 3Q Returns
November 12, 2009
Epigenomics Nearly Quadruples Sales in Q3 | www.genomeweb.com
Germany based Epigenomics posted stellar Q3 financial results and reduced net loss by 8%. According to the company, the increase comes from existing collaborations, new partnerships, and license agreements
November 12, 2009
Life Technologies to Buy Biotrove, Which Will Form Mass Spec Sample Prep Company | www.biotrove.com
Following on Life Technologies' (NASDAQ: LIFE) acquisition of Biotrove, Biotrove announced in a separate release that it will form a subsidiary for a sample handing company for mass spectroscopy systems. This could be the real opportunity for future growth.
Consolidation Continues in Life Sciences
November 11, 2009
Qiagen Acquires SABiosciences for $90M | www.genomeweb.com
Qiagen (NASDAQ: GQEN) has entered into a definitive agreement to acquire privately held SABiosciences for $90 million dollars. Meanwhile, Life Technologies has entered into a definitive agreement to acquire, the manufacturer of the OpenArray high-throughput gene expression and genotyping system. Yesterday's announcements are more examples of the high level of consolidation activity occurring in the wide open life sciences space.
Quest Diagnostics to Offer New Colorectal Cancer Test
November 9, 2009
Quest to Offer Septin9 Colorectal Cancer LTD 'Later This Year' | www.genomeweb.com
Quest Diagnostics senior spokesperson Jay Wohlgemuth said that Quest plans to launch a new Laboratory Developed Test (LDT) for colorectal cancer based on Epigenomics’ mSEPT9 DNA-methylation biomarker. Many companies have searched for a blood-based marker as an effective diagnostic alternative to colonoscopy, which would encourage the 90 million adults over 50 to be screened for colorectal cancer.
What is potential future for Sequenom in prenatal testing.
November 9, 2009
November 7, 2009
Express Scripts feeling Growing Pains
October 29, 2009
CDC Outlines H1N1 Test Guidelines
October 8, 2009
Why Health Care Costs Keep Rising—And What to Do About It
September 13, 2009