Bilateral U.S.-Arab Chamber of Commerce brings Mayor of Houston, Texas (USA)

EASTERN PROVINCE, Saudi Arabia - Sunday, November 11th 2012 [ME NewsWire]

(BUSINESS WIRE)-- Dozens of American business leaders joined Annise Parker, the Honorable Mayor of the City of Houston, in Saudi Arabia yesterday. The visit was organized by the Bilateral U.S.-Arab Chamber of Commerce to explore business opportunities, partnerships and trade with Saudi companies and suppliers, and to promote Houston as a premier business center of the U.S. for energy, life sciences, aerospace, engineering and technology.

The group of 37 began the trip with a breakfast briefing hosted by the American Business Council and the U.S. Consulate. The U.S. Deputy Chief of Mission, Tom Williams affirmed, "Having visits like this are of critical importance. Not only are they important for enhancing understanding between our regions but they actually result in business." David Cantrell from the American Busines ... Read more »

NEW YORK - Sunday, November 11th 2012 [ME NewsWire]

    Third Quarter Results
        Revenue from Continuing Operations of $222 million
        GAAP EPS from Continuing Operations of $0.35, includes $0.28 non-recurring tax benefit
        Non-GAAP EPS from Continuing Operations of $0.09
    Announces Corporate Restructuring
        Concentrates resources on core business in North America and key European & Asian markets supported by increased marketing and sales
        Pursues sale of ChinaHR and evaluates options in developing markets
        Combined actions expected to reduce Operating Expense by approximately $130 million on an annualized basis
    Review of Strategic Alternatives Ongoing

... Read more »

BOUDRY, Switzerland - Sunday, November 11th 2012 [ME NewsWire]

(BUSINESS WIRE)-- Celgene International Sàrl, a subsidiary of Celgene Corporation (NASDAQ: CELG) today announced that its phase III study of ABRAXANE® (paclitaxel protein-bound particles for injectable suspension) (albumin-bound) in combination with gemcitabine in treatment-naïve patients with advanced pancreatic cancer met its primary endpoint of overall survival. In the study, ABRAXANE in combination with gemcitabine demonstrated a statistically significant improvement in overall survival compared to patients receiving gemcitabine alone.

In the MPACT (Metastatic Pancreatic Adenocarcinoma Clinical Trial) study, a Celgene-sponsored, open-label, randomized, international study 861 metastatic pancreatic cancer patients were randomized to receive either ABRAXANE plus gemcitabine (125 mg/m2 followed by 1000 mg/m2 gemcitabine for 3 weeks followed by a week of rest) or gemcitabine alone (1000 mg/m2 administered ... Read more »

BOUDRY, Switzerland - Sunday, November 11th 2012 [ME NewsWire]

(BUSINESS WIRE)-- Celgene International Sàrl, a subsidiary of Celgene Corporation (NASDAQ: CELG) today announced that its phase III study of ABRAXANE® (paclitaxel protein-bound particles for injectable suspension) (albumin-bound) in combination with gemcitabine in treatment-naïve patients with advanced pancreatic cancer met its primary endpoint of overall survival. In the study, ABRAXANE in combination with gemcitabine demonstrated a statistically significant improvement in overall survival compared to patients receiving gemcitabine alone.

In the MPACT (Metastatic Pancreatic Adenocarcinoma Clinical Trial) study, a Celgene-sponsored, open-label, randomized, international study 861 metastatic pancreatic cancer patients were randomized to receive either ABRAXANE plus gemcitabine (125 mg/m2 followed by 1000 mg/m2 gemcitabine for 3 weeks followed by a week of rest) or gemcitabine alone (1000 mg/m2 administered ... Read more »

ME Newswire / Business Wire

INGELHEIM, Germany - Sunday, November 11th 2012

Pivotal Phase III interferon-free study being initiated following positive Phase IIb results

For media outside of the U.S.A. , UK and Canada only

Final results from the Phase IIb study, SOUND-C2, confirmed that up to 85 percent of hepatitis C (HCV) patients infected with the most prevalent type of HCV globally, genotype-1b (GT-1b), achieved and subsequently sustained viral cure with Boehringer Ingelheim’s interferon-free regimen, when measured 12 and 24 weeks (SVR12 & SVR24) after treatment. This high cure rate was achieved following just 28 weeks of treatment with the highly effective polymodal* therapy, faldaprevir (BI 201335)+, a potent next wave once daily protease inhibitor, and BI 207127+, a potent non-nucleoside polymerase inhibitor, plus ribavirin.1

These full results from the largest interferon-free trial of its kind to be concluded to date, include patients with ... Read more »

HONG KONG - Saturday, November 10th 2012 [ME NewsWire]

    Record pre-tax income of US$204 million
    Record quarterly sales of US$8.7 billion
    Record market share of 15.6 percent
    Basic EPS of 1.58 US cents, or 12.25 HK cents
    Net cash reserves of US$3.6 billion (as of September 30, 2012)

(BUSINESS WIRE)-- Lenovo Group today reported results for its second fiscal quarter ended September 30, 2012. Outgrowing the market in all geographies, Lenovo continued its push towards becoming the number one vendor in the PC industry, with record quarterly sales of $8.7 billion, an 11 percent increase year-over-year. While growing faster than the top four PC companies for three straight years, Lenovo also turned in another quarter of record pre-tax income at US$204 million, evidence that the Company continues to build upon its track record of profitable growth.

During the second fis ... Read more »