Summit-based life sciences company Celgene Corp. announced today it is repurchasing $600 million in shares of its common stock through an accelerated repurchase agreement with an investment bank.
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Health Care
Merck partnering with S. Korean firm to develop biosimilars
Merck & Co., in the Whitehouse Station section of Readington, announced today an agreement with Samsung Bioepis Co. Ltd. to develop and commercialize several biosimilar candidates.
Read More »Terumo brings urology distribution in house
A New Jersey medical device firm is gearing up for expansion.
Read More »Savient partnering with Swedish firm to market arthritis treatment
Savient Pharmaceuticals Inc., in Bridgewater, announced today it is partnering with Sobi, of Stockholm, to promote Kineret, a treatment for rheumatoid arthritis, in the United States.
Read More »Holy Name recognized for care efforts in Haiti
When a devastating earthquake hit Haiti in 2010, Holy Name Medical Center was in a good position to help, as over the past two decades, it has built a presence at Hopital Sacre Coeur, in Milot, about a four-hour drive from Port-au-Prince.
Read More »With N.J. leaving exchange to the feds, hospital CEOs await what’s next
New Jersey is now one of 26 states that will rely on the federal government to set up and run its health insurance exchange, and the level of concern from health care executives varies.
Read More »Christie says Washington will run N.J. health insurance exchange
Gov. Chris Christie today issued a letter to Kathleen Sebilieus, the secretary of health and human services, declaring New Jersey will opt to have a federally run health insurance exchange, instead of a partnership with the federal government.
Read More »NJIT entrepreneurs work to patent needle technology
An entrepreneurial group of New Jersey Institute of Technology undergraduate students is one step closer to patenting and marketing painless needle technology after securing $6,000 in seed capital by winning two recent contests sponsored by Capital One Bank.
Read More »EDA approves Sandy aid, launches health tech accelerator
In a meeting of its board today, the New Jersey Economic Development Authority moved to help businesses hurt by Hurricane Sandy and also created a new accelerator for life sciences and health care information technology firms.
Read More »Daiichi Sankyo’s U.S. layoffs will include 25 positions at Parsippany headquarters
Daiichi Sankyo Inc. today announced it will lay off approximately 25 employees at its Parsippany headquarters and 50 field employees across its regional U.S. offices, as well as another 225 open positions across the company, a spokeswoman told NJBIZ.
Read More »Businesses share booming out-of-network costs with employees
It's no secret that New Jersey has some of the highest health care costs in the nation, and according to a recent report, that applies even more so for care delivered outside of insurance contracts.
Read More »CMS announces bundled payment participants
One of the largest changes promised by the Affordable Care Act — how doctors and hospitals are reimbursed — is now being put into practice.
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