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Amylin Shares Drop as FDA Warns about Byetta’s Pancreatitis Risk

Amylin Shares Drop as FDA Warns about Byetta’s Pancreatitis Risk



The United States Food and Drug Administration issued Monday warnings to doctors and patients as well regarding the recent victims of Amylin Pharmaceuticals' Byetta. The FDA posted the warning on its Web site mentioning that patients suffering from type 2 diabetes were hospitalized due to the symptoms caused by treatment with Byetta. Since October 2007, the treatment with Amylin’s best-selling drug caused six patients hemorrhagic pancreatitis and necrotizing pancreatitis forcing them to check into hospitals. Two of them died. The FDA warnings caused Amylin shares to plunge 14.5%, or $4.92,...
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Update: Toshiba's New XD-E500 Rolls Out TodayUpdate: Toshiba's New XD-E500 Rolls Out Today Toshiba announced the release of its first DVD player packed with...
MobileMe Is Free For Another 60 DaysMobileMe Is Free For Another 60 Days As Apple realized that there is still a lot of work that needs to be...
American Airlines Unveils The First Onboard Internet ServiceAmerican Airlines Unveils The First Onboard Internet Service As of today, American Airlines is the first company to offer its...
Apple’s MobileMe Subscribers Get 60 More DaysApple’s MobileMe Subscribers Get 60 More Days It seems Apple is quite concerned with the stress MobileMe's problems...
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FedEx’s 2Q Earnings Fall as Fuel Costs Go Up

FedEx’s 2Q Earnings Fall as Fuel Costs Go Up

FedEx Corp. announced on Thursday that its fiscal second-quarter earnings dropped 6 percent...
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Eaton to Expand by Acquiring Moeller and Phoenixtec

Eaton to Expand by Acquiring Moeller and Phoenixtec

Eaton Corp announced on Thursday its intention of purchasing two companies in Europe and Asia in...
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Google, Microsoft and Yahoo Settle Gambling Ads Case

Google, Microsoft and Yahoo Settle Gambling Ads Case

Google, Microsoft and Yahoo! are the most important and powerful Internet companies of the world!...
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Oracle Shares Up 7.5% After Forecast

Oracle Shares Up 7.5% After Forecast

Oracle Corp., the biggest company developing database management systems, boosted its extended...
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Judge Grants MPAA with Unusual Victory against TorrentSpy

Judge Grants MPAA with Unusual Victory against TorrentSpy

Yesterday, the entertainment industry was honored with one of the most important, and unusual,...
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GM to Cut Labor Costs, Will Offer Buyouts to 5200 UAW Workers

GM to Cut Labor Costs, Will Offer Buyouts to 5200 UAW Workers

General Motors Corp., the world's largest auto company by production volume for the first 9 months...
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Honda Predicts Record Sales For 2008

Honda Predicts Record Sales For 2008

Japan’s second largest automaker announced on Wednesday its plans of future investments in...
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MGM Mirage Plans To Open $1.2 Billion Casino In Macau

MGM Mirage Plans To Open $1.2 Billion Casino In Macau

MGM Mirage and venture partner Pansy Ho, daughter of the gambling mogul Stanley Ho, announced...
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XM and Universal Music Settle Patent Lawsuit

XM and Universal Music Settle Patent Lawsuit

XM Satellite Radio Holdings Inc said on Monday it had reached a deal with Universal Music Group...
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UK Inflation Remains 2.1% in November

UK Inflation Remains 2.1% in November

Unlike any of the specialists’ forecasts, United Kingdom’s inflation rate held steady in November,...
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