Archives for July 27, 2009

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KV hires restructuring and bankruptcy firm

By Nick Taylor

KV Pharmaceutical has hired a firm specialising in restructuring and bankruptcy and said “there are significant uncertainties regarding its ability to continue as a going concern during the upcoming fiscal year”.

Rexam considers rights issue, market remains weak

By Guy Montague-Jones

Beauty packaging specialist Rexam is considering issuing new equity to service its burdensome debt pile, after market conditions failed to improve in the last quarter.

Phase Forward's income drops in Q2

By Nick Taylor

Phase Forward’s GAAP net income fell by 41 per cent in Q2 despite an increase in revenues, as rising operating costs hit the company.

Sanofi may sell Alnwick R&D facility

French drugmaker Sanofi-Aventis may put its Alnwick Research Centre in Northumberland, UK up for sale, according various media reports.

Indian clinical trial site closed over fraud

Glenmark Pharmaceuticals and Omnicare have closed a clinical trial site in India operated by the contract research organisation (CRO) amid accusations that an investigator acted fraudulently.