| Biotech Busy with Bevy of Small Deals
Seattle-based gene therapy company Targeted Genetics (TGEN), which has been running on empty for the last few months, struck a last minute deal to sell its most valuable assets to Genzyme (GENZ) for $7 million in cash, with $3.5 million upfront and the rest upon completion of the asset transfer. Genzyme will get manufacturing technologies and other adeno-associated viral vector technology, consisting primarily of patents, know-how and manufacturing-related equipment. Genzyme also received a license to use certain technology and materials necessary for manufacturing the viral vectors. .
Farrington cleans up on laundry needs
Each public high school athletic department saw its state allocation for supplies and equipment slashed by 50 percent compared to 2008-2009, part of an overall reduction of more than 36 percent. Farrington's Alumni Association donation was not part of the Hawai'i High School Athletic Association's "SOS" (Save Our Sports) Fund campaign, but money from SOS will go toward similar causes. The SOS Fund's running total has now reached $985,861 after just over nine weeks. That includes this week's $100,000 contribution from the McInerny Foundation, $5,000 gift from Painting Industry of Hawai'i and $3,000 from Kaiser Permanente. All money collected through the SOS Fund will be turned over to the state's Department of Education, which in turn will distribute it to Hawai'i's 55 public high school athletic departments according to a set formula based on student participation.
Row over 'doc advises sunbed sessions' sign
Alan Higgins, director of public health at NHS Oldham, added that there are numerous health risks associated with using ultraviolet tanning equipment. But Amanda added: "The sign is not there to ply for business, it's there to encourage people to do their own research and make an informed choice. "There's not enough people being informed of the benefits of sunbeds. There's a lot of fear factor being pushed out there." Despite the controversy, Joanne refutes any claims that the sign could influence young people. She said: "I pride myself on running a very tight ship. We only allow over 18s on the sunbeds." .
Agreement to keep charity in business
After apparently running out of hope, a Winnipeg-based aid agency has worked out an agreement with the Winnipeg Regional Health Authority to stay in business. Roma Maconachie, president of International HOPE Canada, said she and WRHA boss Dr. Brian Postl hammered out a deal Friday that will allow WRHA facilities to donate surplus equipment without being held liable for mechanical malfunctions. "It's wonderful news," Maconachie said. "We're staying in business." It was only a week ago that Maconachie went public with her concern that International HOPE Canada would have to shut down because the WRHA had decided to order its facilities to stop giving the agency surplus equipment. That move came about when Health Canada informed medical facilities that they must track the location of any donated surplus equipment in the event it's recalled for mechanical issues.
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