HEALTH

MannKind has dip in profit, flat sales

BY Alaric DeArment

VALENCIA, Calif. A drug company focused on developing drugs for diabetes and cancer reported a reduction in operating, research and development and general and administrative expenses of more than $32 million in its first quarter 2009 financial results Monday.

MannKind Corp. said the decrease in research and development expenses, by $15.6 million, was primarily due to decreased costs associated with the clinical development of the fast-acting insulin Afresa.

Cash, cash equivalents and marketable securities were $30.2 million as of March 31, compared with $46.5 million on Dec. 31 and $269.1 million on March 31, 2008.

“This past quarter was extremely busy for MannKind, culminating in our submission to the FDA of a new drug application for Afresa.” chairman and CEO Alfred Mann said in a statement. “With this milestone accomplished, we are now turning our attention to commercial readiness activities.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
HEALTH

Employers may have legal obligations to sick employees, law firm says

BY Michael Johnsen

HOUSTON In light of the current concerns over swine flu, employers may have legal obligations to limit worksite exposure to the virus, which could include keeping employees suspected of having the flu home and requiring medical certification that the employee is not contagious before allowing them to return to the workplace, the law firm of Epstein Becker & Green stated in a press release Friday.

“Employers often encourage sick workers to come to work, and sick workers often want to come,” stated David Barron, an attorney at Epstein Becker & Green. “However, when it comes to a pandemic, this type of reaction could spread illness and create devastating economic and medical havoc.”

Employers may want to keep employees home who have recently been to Mexico — or have been otherwise exposed — until it is conclusive that they are not infected, Barron said. “This is perfectly lawful and, in fact, employers have a legal responsibility under federal safety laws to provide a safe and disease-free workplace.”

Barron said that many clients have asked about the legality of testing employees who exhibit symptoms in the workplace: “An employer has a right to require fitness for duty testing if an employee could pose a safety risk to him or her self or to others – this means that an employer could require a medical certification that an employee exhibiting flu-like symptoms is not contagious before allowing re-entry into the workplace.”

While ensuring worksite safety is an employer’s responsibility, employers can require employees not to wear facemasks, the law firm stated.

“If an employee who is not sick comes to work in a mask, the employer may decide that this image is not good for business and could scare off customers,” Barron said. “In that situation, an employer could require the employee to remove the mask or place the employee on leave until they are comfortable working in the employer’s desired uniform.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
HEALTH

GNC customers donate more than $300K in support of ‘Amazing Race’ star

BY Michael Johnsen

PITTSBURGH During the first month of Phil Keoghan’s 40-day bike ride across the United States, GNC customers have donated more than $300,000 to the National MS Society and its Bike MS program in support of Keoghan’s new Ride Across America Presented by GNC, which kicked off in Los Angeles on March 28 and will end May 9 in New York, the day before the finale of his Emmy Award-winning show The Amazing Race 14.

GNC is the main sponsor of Keoghan’s 100-mile-a-day ride, which he says is one of the most physical and grueling challenges he’s ever taken.

“All of us at GNC are thrilled with the response of GNC’s loyal customers to [Keoghan’s] commitment to this important cause,” stated Tom Dowd, EVP stores, operations and development for GNC. “What [Keoghan] is proving every day on his ride is that individuals can make a difference in their lives and in their communities when they ‘Live Well.’”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?