Tag: New Jersey

House passes $50.5 billion in Sandy aid, Republicans trim items

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A man stands on the debris of homes devastated by fire and the effects of Hurricane Sandy in the Breezy Point section of the Queens borough in New YorkWASHINGTON (Reuters) – The House of Representatives on Tuesday approved $50.5 billion in long-delayed federal disaster aid to victims of Superstorm Sandy, but not before Republicans flexed their budget-cutting muscle to strike some spending provisions. The aid package for the storm that ravaged New York and New Jersey coastlines now moves to the Democratic-controlled Senate, where it is expected to win swift passage. The legislation had been tied up for weeks in the House amid congressional brawling over U.S. deficit reduction, spending and taxes in the New Year's new fiscal drama. …

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N.J. Father Gives Son Gift of Sight

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Tom Bestwick, Sr. enjoyed the open road; he enjoyed the feeling of riding his Harley Davidson motorcycle throughout the back roads of New Jersey with his son, Tom Jr.”It was the combination of the thrill of the ride, the freedom of not being confined in a metal box and I’ll be damned if they ain’t fun,” said Tom.On July 17, 2012 Tom would ride for a final time when collided his 1997 silver CMC motorcycle with a Buick La Saber in New Jersey. He was rushed to Christiana Hospital in Delaware but doctors could not spare his life. …

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Watson gets U.S. approval to buy Actavis, with conditions

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WASHINGTON (Reuters) – Watson Pharmaceuticals has won U.S. antitrust approval to buy Swiss peer Actavis Inc on the condition that it sell a number of their current and future products to two other companies, the Federal Trade Commission said on Monday. The $5.9 billion deal won approval in Europe on October 5. New Jersey-based Watson is one of the world’s biggest suppliers of generic drugs. The FTC said it would require the two companies to sell the rights and assets of 18 drugs to Sandoz International and Par Pharmaceuticals. …

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ConvaTec to buy 180 Medical Holdings for $321 million

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(Reuters) – Medical technology firm ConvaTec said it will buy privately owned 180 Medical Holdings Inc, a maker of catheters and urologic medical supplies, for $321 million. ConvaTec, which private equity firms Nordic Capital and Avista Capital Partners bought from Bristol-Myers Squibb Co in 2008, said the deal will close late in the third quarter. Skillman, New Jersey-based ConvaTec makes wound care and ostomy care products. (Reporting by Prateek Kumar in Bangalore; Editing by Maju Samuel)

FDA warning hurts Hikma generics margins

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(Reuters) – Hikma Pharmaceuticals Plc said it expects profitability in its generics business to be hurt by continuing price competition and steps it has taken to comply with a warning letter from U.S. regulators. In February, the company received a warning letter from the U.S. Food and Drugs Administration (FDA) about operations at its Eatontown oral dosage facility in New Jersey. Hikma said it was enhancing its processes to address the regulator’s observations but the actions would slow sales in the first half. …

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