Posts tagged “Local Firms”
IMS Health Holdings will own a majority of shares if and when a proposed merger with Quintiles wins regulatory approval. And that ownership is shown in the lineup of the proposed executive lineup for a new company as Quintiles CEO Tom Pike takes on a lesser role.
The $17 billion merger between Quintiles and IMS Health means more than a new title and responsibilities for Quintiles CEO Tom Pike. One of Quntiles' top executives will leave along with two board members if the deal wins regulatory approval.
Drug development company SCYNEXIS, Inc.said that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation to the its treatment for invasive Candida infections, including candidemia. SCYNEXIS stock got a bump up on the news.
Lenovo will load Microsoft's productivity apps -- including Microsoft Office, OneDrive and Skype -- on select Lenovo devices that use the Android operating system in a deal Fortune Magazine says matters.
Valeant Pharmaceuticals International, which acquired two Triangle companies last year, saw its stock jump more than 8 percent in mid-day trading Monday after announcing a chief financial officer shuffle.
Analysis: Prolonged revenue and profit declines in Lenovo's PC segment weigh on the company's long-term ambitions. Plus there are continuing challenges in its data center and smartphone businesses nearly two years after the acquisition of IBM's x86 server group and Google's Motorola Mobility. The tech giant is promising a wave of new products, but right now there are many issues to be addressed.
GlaxoSmithKline takes home the honor as the top business on Fortune's annual "Change the World" list. Two other tech/biotech companies with a big North Carolina presence also are recognized: Novozymes and IBM.
Lenovo is continuing to add a mix of full-time and contractor employees as it expands its sales force and call center operations to meet growing customer demand, says the company's top North America executive. Plus, Lenovo is remodeling part of a campus building "to offer all the things millennials love."
Mayne Pharma's $50M GSK deal; UNC-CH opioid drug project; SAS targets heat, disease; RTI's $2M biofuels deal
In today's wrapup of tech and life science headlines from around the Triangle region: Mayne Pharma spends $50 million to acquire some GSK dermatology assets; UNC-CH researchers help develop an opioid drug candidate from scratch; SAS works with an Arizona county to fight heat and disease; and RTI International lands a $2M-plus biofuels contract.
Lenovo's smartphone business continues to bleed money with revenues down $110 million from a year ago. A big sore spot is China where Lenovo's shipments and market share have plunged. And an IDC analyst in Beijing says Lenovo's own errors have helped create the mess.
Leneovo boosts its net revenue 64 percent year-over-year even as revenue declined 6 percent, the world's top PC seller says. Cost cuts made over the past year help Lenovo overcome declining PC sales and a sharp drop in smartphone shipments. Plus, sale of a property adds to big one-time boost.
In the second part of an exclusive interview, John Gaudiosi talks with Epic Games' Steve Stuperville, creative director of Paragon, about its newest offering, from heroes to the latest technology driving the game. Plus, watch a new video trailer about the multiplayer online battle arena (MOBA) game.