| FoldRx and Cystic Fibrosis Foundation Therapeutics Announce $22 Million Collaboration
CAMBRIDGE, Mass. & BETHESDA, Md.--(BUSINESS WIRE)--FoldRx Pharmaceuticals, Inc. (FoldRx) and Cystic Fibrosis Foundation Therapeutics, Inc. (CFFT), the nonprofit affiliate of the Cystic Fibrosis Foundation, announced today that FoldRx will receive up to $22 million over five years to discover and develop new compounds aimed at treating a core defect in cystic fibrosis. The research, development and commercialization agreement -- one of the largest of its kind for CFFT -- calls for FoldRx to use its novel yeast-based, high throughput screening platform to detect new compounds that could improve the function of a misfolded protein associated with cystic fibrosis, thus helping treat the disease. .
STAR PARKER: Barack Obama's strange ethnic politics
It's been equal-opportunity week to attack Barack Obama because of his remarks that seemed to justify a U.S. invasion of Pakistan. Democrats and Republicans alike had a field day at the expense of the poor senator. In the midst of all this, he addressed the annual meeting of the National Council of La Raza, and talked about realities at home. But those remarks, which I found at least as provocative and troubling, got little public attention. NCLR is sort of the Hispanic NAACP. Speaking before an audience of about 2,000, Obama, according to The Wall Street Journal, "compared last year's massive immigration rallies led by Hispanics to the civil-rights marches of African-Americans in the 1960s ..." Regarding the population of illegals in our country today, Obama assured the crowd that "I will never walk away from the 12 million undocumented immigrants ..." How odd for a candidate for the presidency of the United States to include looking out for the interests of illegals as a campaign promise.
Asia has nothing to fear except monsters
SYDNEY - Asia has limited exposure to the US subprime loans fallout, so we can all take a ringside seat while Europe and North America sort through the debris. Right? Wrong.
It's true that the tsunami rippling through the lowest and riskiest level of US mortgage lending has no direct bearing on this region. Asian stocks have been oversold in the equities fallout and logically their markets should by now have become safe havens for nervous investors.
But crises have a way of breeding paranoia and sapping consumer confidence long after the initial bruising has subsided,
even when most stockholders are mere spectators in a drama being played out on distant shores.
Asian banks are more equipped than most to handle credit strains, having spent heavily on improved risk-management and regulatory systems after the 1997-98 East Asian economic meltdown.
Reader Services
WARRENVILLE, Ill. — When he was ready for high school, Dee Kapur's parents made a decision that would have a direct and long-lasting impact on his life — and although they didn't know it at the time — the American automotive and trucking industry. And they didn't even live in the United States. "I finished high school in India. It was a boarding high school where you are a Catholic boy in an all-male school," said Kapur, now president of the truck group of International Truck and Engine Corp. "It was up in the mountains and you were sequestered for nine months of the year and your parents would visit maybe two or three days during that time. So you sort of develop a drive to break out in some fashion and do something different." And break out he has, deciding to leave his native country as a young man and seek his life's work in the U.S.
Biofuel Company Selects Vonore Site
As more and more farms shrink or disappear to make way for homes and progress, many Monroe County farmers struggle to continue their way of life. Could something as simple as a blade of grass be the answer? Dr. Kelly Tiller, director of external operations for the Tennessee Biofuels Initiative and University of Tennessee agriculture economist, said this week she expects the university to partner with the ethanol production company Mascoma to locate a multi-million dollar plant in the Niles Ferry Industrial Park in Vonore. The plant will use groundbreaking technology to turn locally grown switchgrass into cellulosic ethanol that will fuel vehicles and farms. �This is going to draw national attention,� said Tiller. UT received more than $70 million from the state to begin the Tennessee Biofuels Initiative.
Veteran sent to the crease as energetic Tories strive to dominate the summer
As a cricket fan who kept the nation waiting during a weekend game while he decided whether to stand for the Tory leadership in the summer of 1995, you know John Redwood means business when he stirs in August. On Friday, the former cabinet minister will return to the political front line when he presents a long-awaited report to the Tory leadership on how to improve the competitiveness of the British economy. .
Ex-Home Depot Boss to Lead New Chrysler
AUBURN HILLS, Mich. -- Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and chief executive of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. .
|
