A death prompts withdrawal of promising MS drug

Article Abstract:

Biogen Idec Inc. and Elan Corp. have withdrawn a promising new drug for multiple sclerosis, Tysabri from the market after the death of a patient from a rare nervous system disorder. Both companies have experienced decreased share price.

Product standards, safety, & recalls, Commodity & service prices, Pharmaceutical preparations, Securities issued, listed, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Product defects and recalls, Pharmaceutical industry, Prices and rates, Securities industry, Securities, Company securities, Company pricing policy, Elan Corp., Biogen Idec Inc., Tysabri (Medication)

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Ex-officer at Tyco pleads not guilty to tax charges

Article Abstract:

Tyco International Ltd.'s former chief financial officer, Mark H. Swartz, has entered a not guilty plea to charges of not paying federal income taxes on a 1999 bonus. Swartz received a $12.5 million (11.6 million euros) bonus in 1999.

Legal issues & crime, Executive changes & profiles, Personnel administration, Taxes, Legal/Government Regulation, Bonus & Merit Payments, Officials and employees, Taxation, Conglomerate corporations, Company legal issue, Cases, Compensation and benefits, Tyco International Ltd. (Pembroke, New Hampshire), Tax evasion, TYC, Bonuses, Swartz, Mark H.

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CMGI lowers revenue forecast, issues warning

Article Abstract:

CMGI Inc. is expecting to post lower-than-forecasted revenues for the fiscal year ending July 31, 2001. The company also said it will not reach its $1.65 billion (1.77 billion euros) revenue target for the year.

Sales, profits & dividends, Forecasts, trends, outlooks, Direct Mail Advertising, Direct Mail Advertising Svcs, Direct mail advertising services, Forecasts and trends, Marketing industry, CMGI Inc., CMGI

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