Invitrogen Continues Distribution of Products Despite Fires and Genzyme Reports Strong Earnings Growth in Third Quarter
City of Industry, CA --(www.USEquityNews.com)-- 10/25/2007 - Biotechnology industry alert provided by U.S. Equity News. Invitrogen Corporation (NASDAQ:IVGN) recently announced that it continues to ship products to customers and maintain global supply chain operations despite a series of wildfires near its headquarters in San Diego County. While the Carlsbad facility is closed to the majority of Invitrogen employees, distribution personnel continue to work from that site. In addition, regular distribution continues from the companys east coast United States location in Frederick, Maryland and other warehousing sites around the world.
Amgen Inc. (NASDAQ: AMGN) recently said a jury ruled in its favor in a patent dispute over an anemia treatment whose possible U.S. launch could challenge the drug maker's top-selling drug. Switzerland-based Roche, who makes the treatment called Mircera, said it was considering its legal options after the ruling, including the possibility of an appeal. In a trial begun last month, a U.S. District Court jury in Boston ruled that the Roche treatment infringes on 11 Amgen patent claims.
Genzyme Corporation (Nasdaq: GENZ) recently reported a significant increase in third-quarter non-GAAP profit. The increase was driven once again by strong sales and continued operating leverage. Revenue grew 19 percent to $960.2 million from $808.6 million in the same period a year ago, reflecting continued momentum across most product areas. GAAP net income rose to $159.3 million, or $0.58 per diluted share, compared with $16.0 million, or $0.06 per diluted share, in the quarter a year ago.
Emergency Disaster Systems, Inc., a subsidiary of U.S. BioDefense, Inc. (OTCBB: UBDE), recently attended "The 2nd Annual National Emergency Preparedness Conference." The conference was held at the Capital Christian Conference Center and Disaster Exercise Location, Sacramento, CA. Attendees included people with volunteerism and emergency readiness: volunteers, emergency responders, program coordinators, community organizers, emergency management administrators, and government agencies.
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