Shire PLC said Friday it agreed to pay about $57.5 million to resolve a federal investigation into the marketing of its drugs for treating attention deficit hyperactivity disorder. The Irish company makes several ADHD drugs, including the former blockbuster Adderall XR, which was its top-selling product before generic competition began to erode its price and sales.
A federal judge rejected Apple Inc.'s demand to increase the $1.05 billion in damages a jury ordered Samsung Electronics Inc. to pay its fiercest rival in the smartphone market. Late Tuesday, U.S. District Judge Lucy Koh also rejected demands from both companies to conduct another trial on different issues over claims that the South Korean company unfairly used technology controlled by Apple to build its iPads and iPhones to market knockoff products.
Specialty chemicals maker OM Group Inc. said late Monday that it reached a deal to sell the downstream portion of its advanced materials business to a new joint venture for at least $325 million. The deal includes an initial cash payment of $325 million and potential future payments of up to an additional $110 million, if the business meets certain targets over the next three years.
ConocoPhillips is selling some properties in North Dakota and Montana to a subsidiary of Denbury Resources Inc. for $1.05 billion. The oil and natural gas company said Tuesday that the Cedar Creek Anticline properties span about 86,000 net acres in southwestern North Dakota and eastern Montana....
Samsung Electronics Co. said Tuesday it has withdrawn its requests to have sales of certain Apple products banned in Europe, though it is still pursuing lawsuits over technology licenses. The two companies are waging a legal battle on multiple fronts and across the world as they jostle for dominance in the more than $100 billion global smartphone market.
Stratasys Inc. and Objet Ltd. announced the completion of their merger, forming a leader in 3D printing and direct digital manufacturing. The company will offer three technologies: FDM for functional prototypes and production parts; inkjet-based PolyJet for prototyping parts with high feature detail and fine surface finish; and Solidscape Drop-on-Demand thermoplastic ink-jetting technology for complex wax patterns for investment casting of finished parts.
IBM Corp. has completed its $1.3 billion acquisition of human-resources-management company Kenexa Corp. to expand its line of cloud-based software services. The deal was first announced in late August. About 2,800 Kenexa workers scattered across the U.S. and 20 other countries are now joining IBM, which is based in Armonk, N.Y. Kenexa is based in Wayne, Pa.
A federal judge in San Francisco says she is leaning toward approving a government settlement that will require Google to pay a $22.5 million fine to resolve allegations that it duped Web surfers using the Safari browser so it could track their online activities. The Federal Trade Commission...
British oil company BP said Thursday it is in advanced talks with U.S. agencies about settling criminal and other claims from the Gulf of Mexico well blowout two years ago. In a statement, BP said "no final agreement has yet been reached" and that any such deal would still be subject to court approvals.
Beckman Coulter Inc., a wholly owned subsidiary of Danaher Corp., announced that Danaher Corp. and a wholly owned subsidiary of Beckman Coulter have entered into a definitive merger agreement with IRIS International Inc. pursuant to which Beckman Coulter will acquire IRIS for $19.50 per share in cash, or an aggregate purchase price of approximately $378 million.
Agilent Technologies Inc. announced that it has entered into a comarketing agreement with Molecular Discovery Ltd. to provide biopharmaceutical researchers with an advanced metabolite-identification platform.
EMD Millipore and iPS Academia Japan Inc. (AJ) announced a global licensing agreement for AJ's induced pluripotent stem (iPS) cell patent portfolio. The non-exclusive agreement provides EMD Millipore the opportunity to continue to develop and ultimately commercialize iPS cells for research applications.
From Napster to iTunes to Pandora, the methods by which the public can obtain and share music have rapidly progressed. Future groundbreaking innovations may need to wait, though, as the next generation of technology is being stymied by the very copyright laws that seek to protect the industry, says Rutgers-Camden University professor Michael Carrier in a new article for a law journal..
A neutron detector developed for studies focused on life science, drug discovery, and materials technology has been licensed by PartTec Ltd. The Indiana-based manufacturer of radiation detection technologies is moving the technology developed at Oak Ridge National Laboratory toward the commercial marketplace.
The Netzsch Analyzing and Testing division and Bruker Corp. announced jointly that Netzsch Japan K.K. has acquired Bruker's Thermal Analysis instruments business in Japan. Together with the international Netzsch group, Netzsch Japan will further develop, produce, distribute, and service the existing and new Thermal Analysis product lines.
Agilent Technologies Inc. announced that it was awarded a significant patent for comparative genomic hybridization (CGH) methods. CGH methods help researchers study genetics and cancer in both basic and clinical research.
Phenomenex Inc. has announced the creation of a new company—Phenova Inc.—which culminates the integration and expansion of Colorado-based Wibby Environmental. Phenova provides proficiency standards and testing services to environmental laboratories working under strict regulatory guidelines.
Leica Biosystems announced that an affiliate has entered into a definitive agreement to acquire Aperio. Aperio will be integrated into Leica Biosystems, and together, the two businesses will leverage each other's strengths to grow and expand digital pathology into the global life science and health care markets.
EMD Millipore, the Life Science division of Merck KGaA, announced that it has entered into definitive agreements to acquire Biochrom AG. The acquisition will strengthen EMD Millipore's Process Solutions business unit, which provides products, services, and solutions that simplify production complexity for pharmaceutical and biopharmaceutical manufacturers.
IBM announced it has entered into a definitive agreement to acquire Texas Memory Systems (TMS), a developer of high-performance flash memory solutions. Following acquisition close, IBM plans to invest in and support the TMS product portfolio, and will look to integrate over time TMS technologies into a variety of solutions including storage, servers, software, and PureSystems offerings.
The NanoSteel Company has announced that General Motors Ventures LLC has invested in the company. GM Ventures, a General Motors subsidiary created to invest in promising automotive technologies, joined lead shareholders to complete the Series C financing round. Terms of the GM Ventures investment were not disclosed.
United Technologies Corp. announced it has completed its acquisition of Goodrich Corp., marking a major milestone for the company and strengthening its position in the commercial aerospace industry. Goodrich will be combined with Hamilton Sundstrand to create the new UTC Aerospace Systems business unit, headquartered in Charlotte, N.C.
SiOnyx Inc. announced a strategic investment and technology development agreement with In-Q-Tel (IQT). Through this strategic partnership, SiOnyx will accelerate the integration of Black Silicon image sensors in imaging systems.
With billions of dollars and control of the U.S. smartphone and computer tablets markets at stake, jury selection began Monday in a closely watched trial between two of the world's leading tech companies over patents. Cupertino-based Apple is demanding $2.5 billion in damages from Samsung Electronics Co., an award that would dwarf the largest patent-related verdict to date.
iBio Inc. and GE Healthcare announced a new global alliance to commercialize plant-based technologies for the manufacture of biopharmaceuticals and vaccines. The alliance builds on the existing development and marketing agreement between the two companies announced in 2010.