Genzye Corp inks alliance with Orisis Therapeutics

Genzye Corp. has signed a stem cell treatment development and sales deal with stem cell company Orisis Therapeutics to develop two new treatments.

Under the deal, Genzyme will make an upfront $130 million payment to Osiris for rights to the company's developing Prochymal and Chondrogen treatments.

An official release stated that Osiris would commercialize both drugs in the U.S. and Canada, while Genzyme would have sales rights in all other countries.

Apart from this, Osiris could receive up to $1.25 billion in milestone payments, based on the drugs' development and eventual sales.

Bayside Capital acquires Flight Express

Bayside Capital, Inc. has notified that its affiliate has acquired Flight Express, Inc.

Florida-based Flight Express is a premier provider of high-security, same-day air courier services to banking and life sciences customers in the South and Midwest region.

The company is the world's largest operator of Cessna 210 aircraft and operates 84 aircraft from facilities in eight states. The firm provides value-added, time-critical aviation services to a diverse set of customers in the most service-intensive, cost-effective manner possible.

Juhl Wind completes acquisition of Next Generation Power System

Juhl Wind Inc., an established leader in Community Based Wind Power development and management,, has informed that it has completed its acquisition of Next Generation Power Systems - a company that specializes in community scale wind turbine and solar systems.

Woodstock-based Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada.

Artificial pancreas for diabetics

Researchers at Boston University are developing artificial pancreas for diabetic patients. The gland would be worn externally. It would improve blood sugar level monitoring and would be helpful for patients with type I diabetes.

30 days after heart attack remain crucial for patients

Though there has been substantial improvement in the treatment of heart attacks yet 30 days after heart attack remain crucial for the patients. The patient can face sudden death during these 30 days.

A. Selcuk Adabag, M.D., M.S., of Veterans Affairs Medical Center, Minneapolis, and colleagues at Mayo Clinic, Rochester, Minn. conducted a study 2,997 residents (average age 67, 59 percent men) who had a heart attack in Olmsted County, Minn., between 1979 and 2005.

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