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Court upholds $142 mln verdict against Pfizer over Neurontin

2013-04-04 08:54:41| Biotech - Topix.net

A federal appeals court said Pfizer Inc should pay about $142 million to cover costs for the marketing and prescribing of epilepsy drug Neurontin for unapproved uses, a practice that has also earned it a hefty criminal fine.

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Entel to acquire Nextel Peru for USD 500 mln report

2013-04-04 07:56:00| Telecompaper Headlines

(Telecompaper) Latin America mobile operator NII Holdings, which operates under the Nextel brand, is in advanced talks to sell its Peru unit to Chilean mobile operator Entel, local newspaper El Comercio reports, citing unnamed sources close to the deal. According to the same sources, the parts have already agreed on the acquisition price. Entel would pay USD 500 million for Nextel Peru.

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Intelsat to raise USD 500 mln in IPO

2013-04-02 15:12:00| Telecompaper Headlines

(Telecompaper) Satellite operator Intelsat has filed for an initial public offering of shares on the New York Stock Exchange. The Luxembourg-based company plans to sell 21.74 million common shares at an indicative price of USD 21-25 per share, suggesting gross proceeds of around USD 500 million at the mid-point of the range. This would give the company a free float of 21 percent of outstanding shares. It will also offer 3 million convertible, non-voting preference shares. The underwriters have an option to sell another 3.26 million common shares and 450,000 preferred shares if demand warrants. Intelsat is controlled by private equity firm BC Partners with around 76 percent of common shares, and the firm Silver Lake Partners holds a 17 percent stake. The company plans to use the proceeds of the IPO to pay down debt.

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Sumitomo to sell 2.3 mln T U.S. shale gas to two Japan buyers

2013-04-01 13:14:50| Grocery - Topix.net

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.

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UPS to forfeit $40 mln over illegal online pharmacy shipments

2013-03-30 11:33:58| Air Courier - Topix.net

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.

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