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IICT organises seminar on contract research in pharmaceutical & biotech industry

The Indian Institute of Chemical Technology (IICT), Hyderabad, in association with the Society of Chemical Industry (SCI) has recently organised a one-day seminar on 'Contract research in pharmaceutical and biotech industry: Scope and opportunities' at the IICT campus.

Addressing the symposium, Dr I S Gandhi, medical director, Vimta Labs Ltd, said, "The need for a contract research organisation (CRO) is due to both upward and downward cost pressures exerted on pharmaceutical development programmes thereby focussing on their core skills and outsource routine development process to CROs. This will reduce both time and cost." He added that the selection of a contract research organisation for successful partnership needs an approach to identify and develop relationship based upon shared goals. more

Program offers basics on exporting for local businesses

Twenty-five years ago, when Leslie Smith started his landscaping company "with a weed-eater and a pickup truck," he planned to build a successful business by beautifying his hometown of Jacksonville.

C&L Landscaping has exceeded expectations.

"We landscaped the stadium, the airport, the gateway to Daytona, a big park in Deltona and so much more," said Smith. "We've gone way beyond weed-eaters and lawnmowers ... now we're going international."

Smith is one of 26 local business owners who took part in Jacksonville's first International Trade Certificate Program "Export Series" Jan. 28-March 3 at Jacksonville Port Authority headquarters on Talleyrand Avenue.

The six-week program was co-sponsored by the Florida Small Business Development Center at the University of North Florida, the Jacksonville Port Authority, Beaver Street Enterprise Center (a FreshMinistries Initiative), and the Small Business Center of the Jacksonville Regional Chamber of Commerce. more

Aloha willing to sell business segments

HONOLULU (AP) _ Aloha Airlines is seeking a buyer for some or all of its major business segments. That includes its passenger service.

The state's second-oldest airline filed for Chapter Eleven bankruptcy protection Thursday.

Yesterday, a U.S. Bankruptcy Court judge granted a series of motions.

They allow Aloha to continue operating in the near term, including making payments for fuel, utilities and employee wages and benefits.

Judge Lloyd King says U.S. Bankruptcy Judge Robert Faris has recused himself from the case. Faris presided over Aloha's previous bankruptcy.

The airline emerged from bankruptcy protection in February 2006, just 14 months after filing under Chapter Eleven.

(Copyright 2008 Associated Press. more

Business Week in Review

S&P downgrades National City: The credit rating service Standard & Poor's lowered its outlook for National City Corp. to negative from stable because of continued deterioration in housing markets. "The outlook revision reflects our concern regarding National City's exposure to the still-challenged housing and mortgage markets," S&P said.

It cited near-term risks from National City's activities in commercial and residential construction, high-risk home-equity loans, as well as loans retained from the 2006 sale of subprime mortgage lender First Franklin.

The downgrade ended a rough week for National City, which saw its stock lose 43 percent of its value early in the week before bouncing back slightly to end trading Thursday at $11 a share.

Dots to expand in new HQ location: Dots, a national seller of women's clothing, plans to leave its longtime headquarters in Solon and move its 200 office and distribution workers to a new, larger building a few miles away in Glenwillow's Emerald Valley Business Park. more

Three new Beaumont businesses to open soon

Three new Beaumont retail businesses are set to open in the coming months. All three businesses will be located at the 2nd Street Marketplace, Beaumont.Beaumont City Manager Alan Kapanicas announced at the Tuesday night city council meeting that Best Buy will open in April. He also stated that Bed, Bath, and Beyond and Pet Co. will open in May.Best Buy is scheduled to open April 25, according to Developer Gary Hanshaw of Hanshaw Properties. The company has already joined the Beaumont Chamber of Commerce, Director of Marketing Autumn Young said.General Contractor Richard H. Borden Engineering and Construction, Inc. spokesman Tom Rowe said that Bed, Bath, and Beyond is scheduled to open May 5 and Pet Co on May26.Staples office supply is set for a June 15 grand opening.The Ross clothing store is looking to open up in early July, Rowe said. more

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