Caroline's Feed
Nov 8, 2012

Novartis says may have 14 new blockbuster drugs by 2017

ZURICH, Nov 8 (Reuters) – Novartis could produce
14 or more new big-selling ‘blockbuster’ drugs within five
years as it bets on cancer, heart and respiratory treatments to
fill the gaps left by expiries on current patents, the Swiss
firm said on Thursday.

Like many of its rivals, Novartis is facing headwinds as
some of its top earners lose patent protection, particularly
blood pressure drug Diovan. It is counting on its newest
products, such as breast cancer drug Afinitor, to pump up sales.

Nov 7, 2012

ABB heralds historic green energy grids game-changer

ZURICH, Nov 7 (Reuters) – Green energy from desert solar
farms or alpine dams can at last be sent across continents
thanks to a breakthrough link device that can cross the great
schism of electricity’s history, ABB said on
Wednesday.

The Swiss engineering group said it had solved a
100-year-old electrical puzzle with its invention of a
high-voltage direct current (HVDC) circuit breaker.

Nov 6, 2012

Adecco sees no early relief for Europe’s job seekers

ZURICH (Reuters) – Adecco (ADEN.VX: Quote, Profile, Research), the world’s biggest staffing group, expects no improvement in Europe’s job markets until late next year because businesses are reluctant to hire due to uncertainty about the euro zone debt crisis.

“It is going to be very slow in Europe into the beginning of next year and if something improves it is going to be in the second half but not before that,” Chief Executive Patrick De Maeseneire told Reuters.

Nov 6, 2012

Adecco sales decline worsens in third-quarter

ZURICH, Nov 6 (Reuters) – Adecco, the world’s
largest temporary staffing firm, said revenues fell further in
Europe in the third quarter, dragged down by the region’s
crippling debt crisis.

Temporary employment is considered a bellwether of broader
labour activity because employers add or cut temps before hiring
and firing permanent staff.

Nov 1, 2012

Swiss manufacturing shrinks for 7th month in Oct -PMI

ZURICH, Nov 1 (Reuters) – Swiss manufacturing shrank for a
seventh month in a row in October as demand continued to be hit
by the euro zone crisis, although there were signs the outlook
is improving, PMI data showed on Thursday.

The Swiss purchasing managers’ index rose to a seasonally
adjusted 46.1 points in October from 43.6 points in September.
Although the print beat analysts’ forecasts for 44.5 points, it
remained below the 50 mark, which separates growth from
contraction, for the seventh month in a row.

Oct 31, 2012

Switzerland’s Lonza axes 500 jobs to cut costs

ZURICH (Reuters) – Swiss drugs industry supplier Lonza plans to cut 500 jobs, including 400 at its main plant in southern Switzerland, as it grapples with low-cost competition, a strong Swiss franc and higher raw material prices.

The cuts at the Basel-based firm, which makes pharmaceutical ingredients for drugmakers such as GlaxoSmithKline and Abbott, equate to around 5 percent of its global workforce of about 11,000.

Oct 30, 2012

Straumann to cut jobs as Europe sales slow

ZURICH (Reuters) – Swiss dental implant maker Straumann (STMN.S: Quote, Profile, Research, Stock Buzz) said it would axe roughly 150 jobs to boost margins as it grapples with sluggish demand in Europe, its biggest market.

The euro zone debt crisis has battered sales of dental implants made by Straumann and its Swiss rival Nobel Biocare (NOBN.S: Quote, Profile, Research, Stock Buzz) as cash-strapped Europeans, worried about the downturn, cut back on non-essential dental treatment.

Oct 25, 2012

Excedrin factory a recurring migraine for Novartis CEO

ZURICH, Oct 25 (Reuters) – Delays to restarting production
at the U.S. factory that makes Novartis AG’s popular
migraine medicine Excedrin are turning into a major headache for
the Swiss drugmaker’s boss.

Joseph Jimenez is so fed up with having to push back the
timeline to restart manufacturing at its consumer health site in
Lincoln, Nebraska that he’s given up making forecasts.

Oct 25, 2012

Novartis defends flu vaccines after Italian ban

ZURICH, Oct 25 (Reuters) – Swiss drugmaker Novartis
said flu vaccines that Italy has banned from sale are
safe and it does not expect other countries to take similar
action.

Italy banned four anti-influenza vaccines produced by
Novartis on Wednesday pending tests for possible side effects
after small particles were found in some of the injections.

Oct 24, 2012

Swiss companies brace for “fat cat” pay vote

ZURICH, Oct 24 (Reuters) – Swiss business is rallying to
arms to defend top managers’ pay as the government set a date on
Wednesday for a referendum that may impose the world’s first law
forcing companies to accept any limits shareholders place on
executive rewards.

Coming after the near wreck of banking giant UBS was blamed
on a lavish bonus culture that drove its managers to take too
many risks, the initiative’s opponents say that, far from
rescuing Switzerland’s reputation for financial success, it will
drive away investment and cause an exodus of talent.