DSM to Manufacture C. difficile Compound for Novacta Biosystems

Written by Jessica Clark on June 8, 2010 – 12:07 pm

CAPUA, Italy, June 9 /PRNewswire/ — DSM BioSolutions today announced that it has entered into an agreement with Novacta Biosystems Limited, Welwyn Garden City, UK, for the process development and cGMP production of its C. difficile molecule, a new class of lantibiotic compounds.

DSM has successfully completed the process development and commenced cGMP-manufacturing of the Novacta compound at its microbial fermentation biotech facility located in Capua, Italy.  The product will initially be used for pre-clinical and phase I clinical trials.

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Tags: Biosystems, Novacta Biosystems
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A Simple Approach to California Health Insurance

Written by Robert White on June 5, 2010 – 8:33 pm

Individuals, families and small businesses in California can all profit by reviewing your health insurance coverage. Anthem Blue Cross and Blue Shield of California have designed new lower cost coverage. PPO’s and HSA plans can reduce your monthly cost and still provide good coverage.

The first step is to go to our site, .and check out the many plans you can choose from. Our site will email you a list of plans from both of the Blue insurers starting with the least expensive plans.

If you don’t need maternity benefits then you can eliminate the more expensive PPO plans.

Many of the new plans being offered, Vital Shield and Smart Sense limit the number of doctors visits paid in a calender year.

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Tags: Health Insurance, Insurance
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Competition Regulator Unlikely To Grant Approval For NAB Acquisition Of APH

Written by Robert White on June 5, 2010 – 5:04 pm

According to investment bank Credit Suisse, the proposed acquisition of AXA Asia Pacific Holdings (APH) by National Australia Bank is likely to not be approved by the competition regulator.

Last week, NAB disclosed that it continued to remain in discussion with the Australian Competition and Consumer Commission, and third parties who were interested in acquiring APH’s North investment platform.

NAB hopes that a sale of the investment platform would help allay the competition regulators concerns that the lender would as a result of its acquisition end up dominating the retail investment market, despite receiving no assurances from the ACCC that such a sale would put its fears to rest.

NAB is negotiating with wealth management group IOOF, Bendigo and Adelaide Bank and Perpetual to sell the platform, which is expected to be discounted to attract a buyer.

Analysts at Credit Suisse say they believe any sale and resulting lease back arrangement would make NAB the single largest customer of any potential buyer, which would mean it would have undue influence over the pricing.

“We think that the ACCC will — rightly so — come under a lot of pressure for allowing the transaction to go through under such a scenario,” analysts said.

Additionally, analysts believe that the complexity involved in stripping out the asset from the NAB operation does not make it attractive to buyers.

“Finally, we urge investors not to forget that even if NAB manages to convince the ACCC, it still needs to get Treasury approval which is nowhere near a foregone conclusion in our view,” the analysts said.

Investment bankers say that it is becoming increasingly likely that NAB would have to raise dramatically the planned $1.5 billion capital raising to finance the APH transaction.


Tags: Aph, Competition Regulator
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Elbit Systems Ltd. Announces Filing of a Shelf Offering Report

Written by Jessica Clark on June 4, 2010 – 2:13 pm

HAIFA, Israel, June 6 /PRNewswire-FirstCall/ — Elbit Systems Ltd. (Nasdaq and TASE: ESLT) (the “Company”) announced that pursuant to its Shelf Prospectus dated May 18, 2010, the Company has filed today a Shelf Offering Report (the “Offering Report”) with the Israel Securities Authority and the Tel Aviv Stock Exchange Ltd (“TASE”). Full Article…


Tags: Elbit Systems, Elbit Systems Ltd, Shelf, Systems Ltd
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Northern Trust Launches Daily Integrated Risk Reporting Tool

Written by Jessica Clark on June 2, 2010 – 7:03 am

LONDON, June 3 /PRNewswire/ — Northern Trust (Nasdaq: NTRS) can now offer integrated reporting to clients across the globe, through a tool which consolidates predictive risk management, performance evaluation, and compliance analysis on Northern Trust’s Fundamentals dashboard.

The tool, designed to save clients’ time, help them with regulatory compliance – particularly related to UCITS III – and make it easier for them to manage their investments, is the latest in a series of continuing product enhancements from Northern Trust’s Investment Risk and Analytical Services (IRAS) group.

“Clients are increasingly faced with a plethora of predictive risk, compliance and performance analytics,” said Ian Castledine, global head of Investment Risk product, for asset servicing, at Northern Trust. “By

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Tags: Northern Trust, Tool
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