Biotechnology
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Covidien earnings rise to $1.9B in 2012
Medical technology maker Covidien PLC reported fourth-quarter earnings of $461 million, or 95 cents per diluted share, a rise of 2.2 percent from the $451 million, or 92 cents per diluted share reported during the same period in 2011. more
| 11/12/12
Angels eye life sciences investments
Rhode Island life science entrepreneurs with breakthrough research they hope will conquer the marketplace have a new ally. more

By Patrick Anderson
PBN Staff Writer | 11/5/12

Amgen places bet on heart drug as rivals go after sales
Amgen Inc., the world’s largest biotechnology company, is developing a new anti-cholesterol medicine by 2015 that it sees as its best shot to offset reduced sales when its popular anemia drugs lose exclusivity. more
EpiVax awarded $55,000 to explore nerve disease treatment
Providence-based EpiVax Inc. was awarded a $55,000 grant from the GBS/CIDP Foundation International to explore using Tregitopes as a new therapy for a nerve disease that is treated currently with intravenous immunoglobulin. more
IlluminOss lets go president and CEO
(Updated, 5:20 p.m.) IlluminOss Medical Inc. terminated President and CEO Scott Rader Monday, company founder Robert Rabiner said Wednesday. more
Amgen sales rise to $4.2B in 3Q
Thousand Oaks, Calif.–based Amgen, one of the world’s largest biotechnology companies, saw revenue rise 9.5 percent to $4.3 billion in the three months ended Sept. 30 from $3.9 billion during the same period in 2011. more
| 10/24/12
EDC approves Alexion tax cut
The R.I. Economic Development Corporation approved a corporate tax cut Monday night for Alexion Pharmaceuticals under the state’s Jobs Development Act. more
R.I. companies honored at Museum of Science’s ‘Invented Here’ awards
IlluminOss Medical Inc. and G-Form LLC were two of the four companies honored at the Boston Museum of Science’s second annual “Invented Here” awards. more
| 10/15/12
NIH awarded $147M to R.I. in FY2012
During the fiscal year ended June 30, the National Institutes of Health awarded a total of $146.96 million in grants to Rhode Island hospitals, universities and companies. more
Norman Prince Neurosciences Institute lands $600K for brain research, lecture series
The Norman Prince Neurosciences Institute at Rhode Island Hospital was awarded three philanthropic gifts totaling nearly $600,000 to improve brain science in the state of Rhode Island by supporting research and establishing a lecture series. more
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