Roche deal fuels change on books

Article Abstract:

The Financial Accounting Standards Board plans to eliminate the popular 'pooling of interests' accounting method which was used by Roche Holding AG in the acquisition of Genentech Inc whose stock rose from $97 to about $166. Under the new system, the purchasing company must write off goodwill, which would lower earnings.

Switzerland, Biological Product (except Diagnostic) Manufacturing, Biological Products, Professional Organizations, Standards Committees, Standards, Statistical Data Included, Acquisitions and mergers, Accounting and auditing, Accounting, Biological products industry, Powers and duties, Genentech Inc., Financial Accounting Standards Board, Roche Holding AG

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WTO reaches deal on drugs for poor

Article Abstract:

A small group of important countries and the U.S have reached a deal on providing cheap medicines for poor nations. The agreement, which must be approved by the World Trade Organization, was reached after drug firms were given patent safeguards.

Foreign trade, Pharmaceutical Preparation Manufacturing, Pharmaceutical preparations, Developing Countries, Metabolic Agents NEC, Metabolic Agents, International trade, World Trade Organization

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Invitrogen comes to Dexter's rescue, adding life to its gene-study trade

Article Abstract:

Invitrogen Corp. has acquired Dexter Corp. and its Life Technologies Inc.'s unit for $1.9 billion (2.01 billion euros) in shares and cash. Dexter owns 75% of Life Technologies.

Asset sales & divestitures, Paints & Allied Products, Paint and Coating Manufacturing, Paints and allied products, Coatings, Paints, Dexter Corp., DEX, Paint industry, Invitrogen Corp., Life Technologies Inc., IVGN, LTEK

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