August 1, 2014 |
The recent boom in craft whiskey has had major ripple effects for businesses on the nondistilling periphery of the industry - including a wooden-tank manufacturer that is one of Philadelphia's oldest businesses. The Hall-Woolford Tank Co., which turned 160 years old this year, has been making wooden tanks in Northeast Philadelphia since before Abe Lincoln was president. Most of those, until recently, have been water tanks like those seen on rooftops in New York City, including those at the Mets' Citi Field.
June 26, 2014 |
The corporate shifting by Endo International P.L.C. continued Tuesday as the drugmaker said it will pay $575 million for privately held DAVA Pharmaceuticals in hopes of generating more revenue quickly. Endo recently renamed itself and reregistered in Ireland after buying Paladin Labs in November, but most of its leaders operate from Malvern. DAVA, which is based in Fort Lee, N.J., has 13 generic products on the market and generated $131 million in revenue in 2013, according to a statement by Endo.
June 24, 2014 |
The cardboard box outside the Flying Fish Brewing Co. seemed to suggest there's nothing at all to making beer. "Barley. Yeast. Water. Hops," it read. But step through the doors of South Jersey's first gathering of the American Homebrewers Association - as about 100 people did Sunday afternoon - and you are reminded how differently those four ingredients can be combined. "I took first place for a Flanders Red last Saturday," 57-year-old Jim Fish of Brooklawn was telling Mike Nurthen of Westmont.
June 11, 2014 |
The drugmaker Merck & Co. said Monday that it would buy Idenix Pharmaceuticals Inc. for about $3.85 billion to keep pace in the competitive and lucrative market for medicine to treat hepatitis C, which afflicts about 150 million people worldwide. Merck will pay $24.50 for each share of Idenix, which closed Friday at $7.23. The large premium reflects Merck's internal reorganization, external views of the market for liver diseases such as hepatitis, and the plans of drug rivals. Based in Whitehouse Station, N.J., but with a huge operation in Montgomery County, Merck is reorganizing.
May 12, 2014 |
The Beatles thrilled young America with a landmark television appearance on the Ed Sullivan Show on Feb. 9, 1964. Days later, Donald Sommer, then 20, started as an apprentice tool and die maker at Tottser Tool & Manufacturing, earning $1.50 an hour. At 70, he is still working there - although his pay has gone up considerably. "When you have four kids, every morning they want milk and cereal, so you better have a job and you better stick with it," Sommer said recently, as metal stamping machines in the Huntingdon Valley manufacturing firm thumped in agreement.
May 3, 2014 |
The starting rotation has been the Phillies' greatest strength for quite some time, and it remains so this season. Ruben Amaro Jr. has spent more than $400 million on that position since becoming the team's general manager shortly after the 2008 World Series celebration. Most of his biggest and some of his best transactions have been starting pitchers. Like most general managers, Amaro believes the door to big-league success can be opened only with a quality rotation, and that is a good place to start.
April 12, 2014 |
March 19, 2014 |
The husband of a Berks County woman who died of a rare uterine cancer following a minimally invasive hysterectomy is suing the maker of the device used in her surgery at Reading Hospital. The lawsuit, filed Friday in federal court in Philadelphia, adds to controversy over electric tissue-cutting "morcellators. " The devices let doctors remove tissue through tiny abdominal incisions, shortening patients' hospitalization and recovery. In rare cases, the process can disseminate an aggressive uterine cancer, leiomyosarcoma, that routine diagnostic tests usually miss.
February 17, 2014 |
On April 24, 1995, Marcus Trunk, a 23-year-old construction worker from Upper Dublin, died from treating a sprained wrist with Tylenol, a drug he thought was completely safe This April, the first of two dozen pending cases involving plaintiffs who fell seriously ill or died from the same medication will be heard in a New Jersey court. And 120 more cases are headed for federal court in Philadelphia. They claim that McNeil-PPC Inc., the Fort Washington company that makes Tylenol, and others repeatedly concealed the serious health risks of the painkiller, also known as acetaminophen.
January 27, 2014 |
Among life's more unwelcome turns is a bad back. That is, unless one happens to own shares of Globus Medical. The company, based in Audubon, Montgomery County, has proved to be one of the region's success stories, with its innovative product line of plates, screws, rods, and other devices meant to aid in the successful repair and support of damaged spines. Globus, which went public in 2012, reported this month that 2013 revenue hit $434.5 million, up 12.6 percent over the previous year and $2.5 million more than the company had predicted.