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US: Drug money millions seized from LA garment companies

2014-09-11 13:32:00| Daily apparel & textile news and comment - from just-style.com

Large-scale raids on residences and apparel businesses in Los Angeles yesterday (10 September) saw law enforcement agents seize more than $65m in bank deposits and cash linked to money laundering for drug cartels in Mexico.

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Drug developer Virobay lines up $50M IPO

2014-09-11 08:15:58| Biotech - Topix.net

Drug developer Virobay Inc. hopes to raise $50 million in an initial public offering for a critical year of clinical trials, according to the Menlo Park company's U.S. Securities and Exchange Commission filing Wednesday. The offering is the latest in a line of Bay Area biotech IPOs, including ones that could hit the market yet this month.

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Smith's Food & Drug to hire hundreds in New Mexico

2014-09-09 11:09:49| Grocery - Topix.net

Kroger Co. announced Monday that it would fill 20,000 positions in all its supermarket divisions, including 211 in Smith's stores in the state.

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New genetic target for a different kind of cancer drug found

2014-09-09 09:52:11| Biotech - Topix.net

The protein RBM4, a molecule crucial to the process of gene splicing, is drastically decreased in multiple forms of human cancer, including lung and breast cancers, researchers have discovered. The finding offers a new route toward therapies that can thwart the altered genetic pathways that allow cancer cells to proliferate and spread.

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OncoMed moves forward on drug trials halted due to side effects

2014-09-05 08:39:41| Chemicals - Topix.net

For the second time in a week, the Food and Drug Administration lifted a hold on three early-stage clinical trials of an experimental cancer-fighting drug by OncoMed Pharmaceuticals Inc. The studies are important for Redwood City-based OncoMed because partner Bayer HealthCare has the option under a 2010 deal to an exclusive license of the drugs after the trials are completed. Enrollment in both programs, halted in June , is expected to be under way again soon, OncoMed Chairman and CEO Paul Hastings said late Thursday afternoon.

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