bizjournals Health Care:General News

U.S. House passes health-care reform bill

Sun, 08 Nov 2009 05:14:11 GMT

The U.S. House of Representatives late Saturday passed a health-care reform measure -- including a "public option" government-run insurance plan -- by a narrow 220-215 vote.

Hawaii unemployed get extended benefits

Sat, 07 Nov 2009 00:47:17 GMT

Hawaii’s unemployed can get an extra 14 weeks of jobless benefits, the Hawaii Department of Labor and Industrial Relations announced Friday.

Sacramento parking rates among nation's highest

Fri, 06 Nov 2009 22:54:53 GMT

Sacramento finished in the top third for daily parking rates among 96 cities surveyed in the United States and Canada for the National Parking Association’s second annual “Parking In America” report.

Kaiser's income rises, membership falls

Fri, 06 Nov 2009 22:46:04 GMT

Despite continued decline in enrollment, Kaiser Permanente generated net income of $1.6 billion for the first nine months of the year, almost eight times the $202 million in net income reported for the same period last year.

Covidien completes Aspect tender offer

Fri, 06 Nov 2009 22:37:24 GMT

Covidien said Friday that it completed its tender offer to purchase the outstanding stock of Aspect Medical Systems Inc. (COV)

Kaiser Permanente's 3Q profits soar to $569M

Fri, 06 Nov 2009 21:56:07 GMT

Kaiser Permanente’s non-profit health plan and hospital units said late Friday that third-quarter profits soared to $569 million and profits through the first nine months skyrocketed to $1.6 billion.

Microfluidics lands $1m line of credit

Fri, 06 Nov 2009 21:45:26 GMT

Microfluidics International Corp., a Newton-based manufacturer of fluid processors, has received a $1 million life line from Webster Bank.

Majority say ‘no thanks’ to H1N1 vaccine

Fri, 06 Nov 2009 21:33:17 GMT

A survey of Washington-area adults found that 55 percent say they will not get the H1N1 flu vaccine.

Guziak named CEO of two Sun Health entities

Fri, 06 Nov 2009 21:23:37 GMT

Ronald Guziak has been named president and CEO of both Sun Health Services and Sun Health Foundation as Leland Peterson and Pamela Meyerhoffer retire.

Survey: U.S. docs want tort reform

Fri, 06 Nov 2009 20:59:40 GMT

Seventy-four percent of American physicians believe they have less control over the way they practice medicine than they did five years ago, mostly due to medical malpractice litigation.

Author to speak at Vanderbilt on health care reform

Fri, 06 Nov 2009 20:04:57 GMT

Journalist and author T.R. Reid will speak about rescuing health care on Nov. 13 in a free public lecture at Vanderbilt University.

Study tracks Washington's life sciences sector

Fri, 06 Nov 2009 20:03:47 GMT

Washington state’s life sciences industry employs more than 22,000 workers and may support as many as 55,000 additional jobs, according to an economic study released Friday by the Washington Research Council.

Medical Society of New Jersey opposing House health reform bill

Fri, 06 Nov 2009 19:56:41 GMT

The Medical Society of New Jersey said Friday it was urging members of Congress to vote against the House health reform bill, “The Affordable Health Care for America Act,” while supporting a House resolution to ensure the security and stability of Medicare.

Senate approves $2.85 million for first responders

Fri, 06 Nov 2009 19:45:08 GMT

The U.S. Senate on Thursday approved $2.5 million in funds for protecting first responders and equipping law officers in Kentucky as part of the Fiscal Year 2010 Commerce, Justice and Science Appropriations Bill.

Providence Medical Center, Saint John Hospital get Jeans as CFO

Fri, 06 Nov 2009 19:00:47 GMT

Sisters of Charity of Leavenworth Health System has hired Joe Jeans as chief financial officer of Providence Medical Center in Kansas City, Kan., and Saint John Hospital in Leavenworth.

Gloucester Pharmaceutical cancer drug wins FDA approval

Fri, 06 Nov 2009 18:51:42 GMT

The U.S. Food and Drug Administration has approved a lymphoma drug developed by privately held biotechnology firm Gloucester Pharmaceuticals.

Report: CareFirst BlueCross BlueShield affiliate has appropriate reserves

Fri, 06 Nov 2009 18:34:40 GMT

A new report could influence the decision of whether a CareFirst BlueCross BlueShield Inc. subsidiary’s reserves are excessive and should be used to fund health initiatives in D.C.

Brondeau next president and CEO of FMC Corp.

Fri, 06 Nov 2009 18:00:20 GMT

Chemical company FMC Corp. has named former Dow Chemical and Rohm and Haas Co. executive Pierre Brondeau FMC’s new president and CEO. (FMC)

LifePoint gets earnings boost

Fri, 06 Nov 2009 17:02:04 GMT

LifePoint Hospitals Inc. earnings more than tripled in the third quarter compared to the same period a year ago. (LPNT)

GTC Biotherapeutics: Cash will dry up in Q1 without new revenue sources

Fri, 06 Nov 2009 16:41:42 GMT

GTC Biotherapeutics Inc., a developer of drug therapies derived from animal proteins, said its cash position will only last until late February unless it can expand its revenue base.

San Antonio blood bank lends support to Fort Hood victims

Fri, 06 Nov 2009 16:09:54 GMT

The South Texas Blood & Tissue Center has agreed to ship needed supplies of platelets to Fort Hood for the victims of yesterday’s tragedy at the Army base.

Novavax logs more losses

Fri, 06 Nov 2009 15:59:16 GMT

While Novavax moves closer to commercializing its flu vaccines, it continues to lose money. (NVAX)

CCAC reaches contract with SEIU

Fri, 06 Nov 2009 15:49:44 GMT

The Community College of Allegheny County and the SEIU Local 668 have reached agreement on a three-year contract, the two sides announced.

BioDelivery Sciences posts $2.6 million loss for the quarter

Fri, 06 Nov 2009 15:32:09 GMT

BioDelivery Sciences International’s non-operating gains helped pare its losses in the most recently completed quarter.

Third Wing to brand downtown Lakeland

Fri, 06 Nov 2009 15:29:20 GMT

The Lakeland Downtown Development Authority awarded its branding campaign to Third Wing Business Strategies in an 11-month $43,200 contract.

Inhibitex records $4.5 million loss

Fri, 06 Nov 2009 15:24:24 GMT

Inhibitex Inc. was dogged again in the third quarter by higher research and development costs. (INHX)

GeoVax shows Q3 improvement

Fri, 06 Nov 2009 14:58:21 GMT

GeoVax Labs Inc. trimmed its third-quarter loss.

Kaleida seeks input on Gates re-use

Fri, 06 Nov 2009 10:28:04 GMT

Kaleida Health will begin engaging the community in 2010 on re-use possibilities for its Millard Fillmore Gates Circle Hospital.

UCSF executive vice chancellor Eugene Washington named dean of UCLA medical school

Thu, 05 Nov 2009 22:57:48 GMT

The University of California, Los Angeles, has nabbed a top executive from UC San Francisco to run its David Geffen School of Medicine and serve as its vice chancellor of health sciences.

HCA profit jumps on admission increases

Thu, 05 Nov 2009 22:51:45 GMT

HCA Inc. said net income for the third quarter of 2009 was $196 million, compared to $86 million in the prior year’s third quarter.

ALSAC lays off 70 employees

Thu, 05 Nov 2009 22:43:11 GMT

ALSAC, the fundraising wing of St. Jude Children’s Research Hospital, has announced a layoff of 70 employees and a reorganization of its work force.

Kaiser seeks 10.7 percent rate hike

Thu, 05 Nov 2009 21:55:32 GMT

Kaiser Permanente Hawaii is seeking an average 10.7 percent rate hike for approximately 150,000 members next year.

InterMune submits IPF drug for approval

Thu, 05 Nov 2009 21:42:40 GMT

InterMune Inc. submitted a new drug application to the Food and Drug Administration for its idiopathic pulmonary fibrosis drug pirfenidone, the first formal step toward asking the agency to approve the drug. (ITMN)

Fitch rates St. Elizabeth bond issue

Thu, 05 Nov 2009 21:32:47 GMT

Fitch Ratings has assigned a AA- rating to the expected issuance of approximately $140 million in bonds related to St. Elizabeth Medical Center.

ZymoGenetics narrows loss, revenue up

Thu, 05 Nov 2009 21:30:36 GMT

ZymoGenetics Inc. said it narrowed its third-quarter net loss to $11.4 million, or 17 cents a share, from a loss of $28.8 million, or 42 cents a share, in the same quarter a year ago. (ZGEN)

Bariatric surgery center opens in New Braunfels

Thu, 05 Nov 2009 21:10:58 GMT

Clarity Bariatrics, a Dallas-based medical and surgical weight-loss company, has opened a new office to serve residents living in the Selma and New Braunfels area.

Former JHSMH employee claims wrongful termination

Thu, 05 Nov 2009 21:07:39 GMT

A former employee of Jewish Hospital & St. Mary’s HealthCare Inc. is suing the hospital operator and claiming that he was wrongfully terminated from the company.

HCA earnings more than double in 3Q

Thu, 05 Nov 2009 20:52:46 GMT

Nashville-based HCA Inc. earnings increased 127 percent in the third quarter compared to the same period a year ago.

FFO down, profits up at Medical Properties Trust

Thu, 05 Nov 2009 19:51:34 GMT

Medical Properties Trust reported a drop in funds from operations for its most recent quarter, but an increase in net income and successful repositioning of some of its properties. (MPW)

Alnylam slips on Q3 loss, cautious outlook

Thu, 05 Nov 2009 19:48:56 GMT

Alnylam Pharmaceuticals’ stock dropped roughly 5 percent in afternoon trading Thursday on news the company’s year-on-year net loss more than tripled due to increased operating costs in the third quarter.

ArQule relies on cash cushion to maintain drug-development efforts

Thu, 05 Nov 2009 19:26:39 GMT

Drug developer ArQule Inc. said it remains poised to continue its battery of clinical trials and research efforts for at least another three years, based on its current cash-burn rate and stockpile of $178.1 million in cash and cash equivalents.

GenVec inks $22M deal with SAIC-Frederick

Thu, 05 Nov 2009 19:10:51 GMT

GenVec Inc. will see more revenue as a result of a new vaccine development contract with SAIC-Frederick. (GNVC)

IMS Health to be acquired in $5.2B deal

Thu, 05 Nov 2009 19:03:38 GMT

IMS Health Inc. entered into a definitive agreement Thursday to be acquired for $4 billion by Texas private equity firm TPG and the CPP Investment Board of Toronto. (RX)

UGA gets stimulus for elderly health project

Thu, 05 Nov 2009 18:30:04 GMT

The University of Georgia researchers Vicki Freimuth and Don Rubin got $970,039 in federal stimulus money for a two-year project that uses volunteers to help the vulnerable elderly improve their interaction with health care providers.

Al Neyer lands $7.5 million VA deal in Middletown

Thu, 05 Nov 2009 18:16:18 GMT

Al Neyer Inc. has won a contract for the Dayton VA Medical Center 's relocation and expansion of its outpatient clinic from University Boulevard in Middletown to the city's Renaissance District.

Expression Pathology expands in Rockville

Thu, 05 Nov 2009 18:13:37 GMT

Expression Pathology Inc. has traded up to a larger home in Rockville.

OncoVista’s quarterly revenues more than triple

Thu, 05 Nov 2009 17:55:51 GMT

OncoVista Innovative Therapies Inc. reported significant increases in revenue during the second quarter of 2009, due mostly to international sales and product distribution.

HCA-HealthONE parent doubles Q3 profit

Thu, 05 Nov 2009 17:32:17 GMT

HCA Inc., co-owner of Colorado's HCA-HealthONE hospital chain, Thursday said its profit more than doubled in the third quarter, driven by strong inpatient, outpatient and emergency department volumes.

Pharmacists to Express Scripts: Cut Tamiflu red tape

Thu, 05 Nov 2009 17:27:49 GMT

Pharmacists are urging pharmacy benefits managers, including Express Scripts Inc., to cut what they call unnecessary red tape for providing liquid Tamiflu to customers, particularly children, during this busy H1N1 flu season.

Omnicare delivers higher profit, lowers guidance

Thu, 05 Nov 2009 17:23:01 GMT

Omnicare Inc. boosted its third-quarter net income above expectations, but a lower 2009 forecast kept its stock down Thursday. (OCR)

Tufts joins $185M effort to study infectious diseases

Thu, 05 Nov 2009 17:19:19 GMT

Tufts University has been chosen by the U.S. Agency for International Development as part of a multidisciplinary team to receive a grant of up to $185 million to create better connections between veterinarians, doctors and public health officials in responding to emerging infectious diseases.

Skanska completes work on Methodist Children’s Hospital expansion

Thu, 05 Nov 2009 17:12:55 GMT

Methodist Children’s Hospital has unveiled a $16.2 million project aimed at bringing some updated emergency care services to San Antonio’s youngest residents.

Billerica company launches H1N1 hotline

Thu, 05 Nov 2009 17:10:12 GMT

Jingle Networks, a provider of free directory assistance, announced late Wednesday the addition of H1N1-related news, tips and localized vaccine updates to its existing suite of products.

Abraxis opens expanded plant in Phoenix, expected to create 200 jobs

Thu, 05 Nov 2009 16:46:15 GMT

Abraxis BioScience Inc., a Los Angeles-based maker of a chemotherapy drug that uses nanoparticles, is continuing its expansion in the Phoenix market.

IMS Health to be sold for $5.2B, employs 1,000 in Plymouth Meeting

Thu, 05 Nov 2009 16:42:26 GMT

IMS Health entered into a definitive agreement Thursday to be acquired for $5.2 billion by investment funds managed by TPG Capital and the CPP Investment Board of Toronto. (RX)

HCA sees spike in 3Q revenue

Thu, 05 Nov 2009 16:14:08 GMT

HCA Inc., Wesley Medical Center’s parent company, reported Thursday a 7.6 percent increase in third quarter revenue over a similar period a year ago.

BioCryst ships 10K doses of flu drug to government

Thu, 05 Nov 2009 15:50:08 GMT

BioCryst Pharmaceuticals Inc. has shipped 10,000 courses of its developmental flu drug worth $22.5 million to the U.S. government to treat hospitalized flu patients.

Cigna 3Q profit nearly doubles on reversal of variable annuity fortunes

Thu, 05 Nov 2009 15:47:26 GMT

Health insurer Cigna Corp. said Thursday that its third-quarter profit jumped 92 percent as the improving stock market reversed a business line that went sour last year. (CI)

FDA approves Covidien drug

Thu, 05 Nov 2009 15:39:52 GMT

The U.S. Food and Drug Administration approved a new topical non-steroidal anti-inflammatory drug jointly developed by Covidien’s Mallinckrodt Inc. subsidiary and Nuvo Research Inc. of Canada.

Theragenics rises in the third quarter

Thu, 05 Nov 2009 15:09:20 GMT

Higher revenue pushed Theragenics Corp. into the black in the third quarter of 2009. (TGX)

Metropolitan Health Q3 income falls 44%

Thu, 05 Nov 2009 14:35:05 GMT

Metropolitan Health Networks reported that its third quarter income fell 44 percent, but it showed revenue and membership gains from the Medicare patients it services.

Stereotaxis cuts loss

Thu, 05 Nov 2009 14:30:36 GMT

Stereotaxis Inc. trimmed its loss nearly in half in the third quarter as it works to turn its first profit.

Kendle beats outlook for 3Q

Thu, 05 Nov 2009 05:15:03 GMT

Kendle International Inc. posted lower profits and revenues, but still handily beat analysts’ expectations for its third quarter. (KNDL)

Insurers step up to save Colorado anti-smoking program

Wed, 04 Nov 2009 23:07:27 GMT

Five of the state’s top private insurers have agreed to a deal that would save QuitLine — a state-sponsored smoking-cessation program — from massive cuts.

Massage Envy, Murad embark on new spa network

Wed, 04 Nov 2009 23:00:30 GMT

Massage Envy will partner with well-known skin care firm Murad in a nationwide effort to create more than 200 Massage Envy Spas over the next year.

Health Net’s contract protest upheld

Wed, 04 Nov 2009 22:56:57 GMT

Health Net Inc. might have another chance to retain work it’s doing for the U.S. military that supports more than 900 jobs in Rancho Cordova.

1801 L St. NW scores permanent financing

Wed, 04 Nov 2009 20:40:10 GMT

The home of Troubled Asset Relief Program (TARP) administrators has scored $34 million in permanent financing,

Transcept nears patent for sleep drug

Wed, 04 Nov 2009 20:31:24 GMT

Transcept Pharmaceuticals Inc., its dreams for the middle-of-the-night sleep drug Intermezzo recently delayed by the FDA’s concerns about dosing, moved a step closer to landing a patent for the drug. (TSPT)

Jones wants delay in Jewish Hospital sale

Wed, 04 Nov 2009 20:09:39 GMT

State Sen. Shannon Jones has joined the ranks of government and community leaders calling for a delay in the sale of Jewish Hospital.

Saint John Hospital hires Sheehan as chief administrative officer

Wed, 04 Nov 2009 19:59:12 GMT

Saint John Hospital in Leavenworth has hired Daniel Sheehan as chief administrative officer, effective Nov. 16.

Zyngenia raises $10M from New Enterprise Associates

Wed, 04 Nov 2009 19:44:25 GMT

Former MedImmune executives have left to launch a new biotech company, Zyngenia Inc., funded in its first round by Chevy Chase-based New Enterprise Associates.

Synta books a profit on GSK payment

Wed, 04 Nov 2009 19:43:24 GMT

Synta Pharmaceuticals Corp. booked a profit and revenue increase in the most-recent quarter due to the accelerated receipt of payments from a partnership with GlaxoSmithKline.

CTI Clinical buys German CRO

Wed, 04 Nov 2009 19:32:12 GMT

CTI Clinical Trial and Consulting Services, based in Blue Ash, has acquired CRS Clinical Research Services and CRS – Staff Leasing Services, a clinical research organization headquartered in Northern Germany.

Osiris Therapeutics loses $6M in 3Q

Wed, 04 Nov 2009 19:26:00 GMT

Osiris Therapeutics Inc. lost $6.2 million in the third quarter despite growing revenue. (OSIR) (GENZ)

Johnson & Johnson cutting 7,000 jobs; no word on ABQ impact

Wed, 04 Nov 2009 18:42:37 GMT

Johnson & Johnson will lay off six to seven percent of its workforce in a restructuring designed to eliminate layers of management. (JNJ)

Upper Gwynedd to be HQ for post-merger Merck’s Human Health Division and Research Laboratories

Wed, 04 Nov 2009 18:34:36 GMT

Merck said Wednesday, a day after its $41.1 billion acquisition of Schering-Plough was completed, that its global Human Health Division and Merck Research Laboratories will be based at Merck’s existing facilities in Upper Gwynedd, Pa. (MRK)

Nabi Pharmaceuticals moves forward with smoker’s vaccine

Wed, 04 Nov 2009 18:00:18 GMT

Nabi Pharmaceuticals is moving forward with key human trials for its experimental quit smoking vaccine, NicVax. (NABI)

ZymoGenetics hit with restraining orders

Wed, 04 Nov 2009 17:35:08 GMT

A federal court in Tennessee has slapped ZymoGenetics Inc. with three temporary restraining orders related to a business dispute involving the drug Recothrom, the company disclosed Wednesday. (ZGEN)

BioCryst partner files to market flu drug in Japan

Wed, 04 Nov 2009 17:02:25 GMT

BioCryst Pharmaceuticals Inc. will receive $7 million after one of its partners filed a regulatory approval application in Japan for its experimental flu drug peramivir.

Stiefel to close Coral Gables facility

Wed, 04 Nov 2009 16:52:55 GMT

Stiefel Laboratories, one of South Florida’s oldest companies, has told the state it will lay off 40 employees and close its Coral Gables headquarters and relocate to Research Triangle Park in North Carolina.

Ivax to pay $14M to settle kickback claim

Wed, 04 Nov 2009 16:29:13 GMT

Ivax Pharmaceuticals will pay $14 million to resolve allegations that it participated in a kickback scheme with Omnicare, to get the nursing home pharmacy to buy its drugs, according to the U.S. Department of Justice.

Allos Therapeutics posts wider Q3 loss on costs as it gears to market cancer drug

Wed, 04 Nov 2009 16:23:29 GMT

Colorado biotech firm Allos Therapeutics Inc. posted a bigger third-quarter loss, citing higher administrative and marketing costs as it gears up to sell its newly approved cancer drug Folotyn. (ALTH)

AtriCure suit settlement boosts stock

Wed, 04 Nov 2009 16:12:29 GMT

AtriCure Inc. stayed in the red for its third quarter, with a loss that missed analysts’ expectations, but its announcement of a settlement in a whistleblower suit boosted its stock Wednesday. (ATRC)

GenVec’s TNFerade wins regulatory incentives

Wed, 04 Nov 2009 16:03:30 GMT

The U.S. Food and Drug Administration has granted "orphan drug" designation to GenVec Inc’s lead anti-cancer product, providing the company with a smoother path to the marketplace and giving its share price a much-needed lift. (GNVC)

Triumph HealthCare, RehabCare Group to merge

Wed, 04 Nov 2009 11:01:05 GMT

Long-term acute-care provider Triumph Healthcare is merging with RehabCare Group Inc. in a deal valued at about $570 million. (RHB)

Colorado small-business owners appeal to Congress for reform

Wed, 04 Nov 2009 04:04:18 GMT

A group of seven small-business owners from Colorado went to Washington, D.C., Tuesday to voice support for congressional health-care reform efforts -- including a proposal for a government-run program that would compete with private insurers.

Xoma lands $8M in R&D technology deal

Wed, 04 Nov 2009 00:03:44 GMT

Xoma Ltd. will receive $8 million from the Japanese research foundation Kaketsuken to share its antibody research and development technologies and a suite of information and data management systems. (XOMA)

Mako Surgical narrows loses, grows sales

Tue, 03 Nov 2009 22:09:46 GMT

Mako Surgical Corp. narrowed its losses in the third quarter as it enjoyed a boost in sales of its orthopedic surgical equipment. (MAKO)

Merck/Schering-Plough merger complete

Tue, 03 Nov 2009 22:00:59 GMT

Merck & Co. Inc. and Schering-Plough Corp. completed their $41.1 billion merger shortly after 4 p.m. Tuesday. (JNJ)

RehabCare to buy Triumph HealthCare for $570M

Tue, 03 Nov 2009 21:55:32 GMT

RehabCare Group Inc. plans to buy Triumph HealthCare, a Houston-based developer and operator of long-term acute care hospitals, for $570 million.

Health Net posts loss, but beats expectations

Tue, 03 Nov 2009 20:39:15 GMT

Health Net Inc. posted a loss on Tuesday, as charges led to red ink, but, on an adjusted basis, the company bested analyst expectations. (HNT)

Sacramento County health department declares H1N1 emergency

Tue, 03 Nov 2009 20:15:51 GMT

Sacramento County’s Department of Health and Human Services on Tuesday declared a local emergency for the H1N1 flu, which has hospitalized more than 300 residents since April.

Maryland to monitor hospital staffers' handwashing

Tue, 03 Nov 2009 19:28:12 GMT

Maryland hospitals will take extra care to make sure their staffers are washing their hands properly — and preventing the spread of deadly infections — as part of a statewide campaign unveiled Tuesday.

Mike Llewellyn named COO at San Francisco's Laguna Honda Hospital

Tue, 03 Nov 2009 19:24:32 GMT

Dr. Mitchell Katz, director of San Francisco’s Department of Public Health, said Monday that Mike Llewellyn has been appointed chief operating officer at Laguna Honda Hospital and Rehabilitation Center, a major city-operated long-term care center.

AmerenUE gives $52,000 to St. Louis Children’s

Tue, 03 Nov 2009 19:12:42 GMT

St. Louis Children’s Hospital said it expects to save more than $500,000 over the next decade by participating in an energy-reduction program through AmerenUE. (AEE)

Omnicare completes settlement deal

Tue, 03 Nov 2009 19:04:52 GMT

Omnicare Inc. said Tuesday it has finalized a previously announced settlement with the U.S. Attorney General’s Office, District of Massachusetts; the Department of Justice, the Department of Human Services and several other states. (OCR)

CombinatoRx narrows loss on deep R&D cuts

Tue, 03 Nov 2009 18:55:52 GMT

Drug developer CombinatoRx Inc. narrowed its loss in the third quarter on aggressive cost cutting that resulted in a 36 percent reduction in its workforce.

Autism Treatment Center planning to open new rehab office

Tue, 03 Nov 2009 18:31:42 GMT

The Autism Treatment Center is working to establish an electronic medical records system to help provide greater care to children and adults in San Antonio with the disorder.

Colorado workers' comp premiums to drop in 2010

Tue, 03 Nov 2009 18:22:53 GMT

Workers' compensation insurance premiums for Colorado employers will decline in 2010, the Colorado Department of Regulatory Agencies announced.

Johnson & Johnson cutting 7,000 jobs

Tue, 03 Nov 2009 18:11:02 GMT

Consumer products giant Johnson & Johnson will lay off six to seven percent of its work force in a cost-cutting move designed to eliminate layers of management, the company said. (JNJ)

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