Roundup: Sucampo, SRA, Post, XM
*Shares of Bethesda-based Sucampo Pharmaceuticals jumped 18 percent today, to close at $14.32, after the company said it will receive a $50 million payment from partner Takeda Pharmaceutical now that the Food and Drug Administration expanded approved use of constipation drug Amitiza.
The drug is now approved to treat irritable bowel syndrome with constipation in adult women. The milestone payment is substantial, compared with the company's revenue of about $91.9 million in 2007.Takeda and Sucampo jointly market Amitiza in the United States and Canada.
*SRA International of Fairfax said it has agreed to buy Era of Reston, a privately held supplier of surveillance and flight-tracking technology. Era has about 300 employees.
"Era has established a great track record of winning new business and exceeding customer expectations, and we anticipate that the air surveillance market will continue to offer abundant opportunities for growth as traditional ground-based radar is replaced by these more powerful, dependable systems," SRA chief executive Stan Sloane said in a statement.
The deal is expected to be completed by June 30, SRA said. Financial terms were not disclosed.
*Trish Dunn, vice president of labor, is retiring from The Washington Post Co. Dunn has worked with The Post Co. for 20 years, the company said, 10 as outside labor counsel at Jones Day. Jay Kennedy, who joined the District-based company from Jones Day four years ago as labor and employment counsel, will assume the post effective June 1.
*New York-based Sirius and District-based XM Satellite Radio have each agreed to extend a deal that has Sirius acquiring its larger rival. The two satellite radio operators are awaiting approval for the deal from the Federal Communications Commission. The companies now say they will not terminate any deal before May 15. If the Federal Communications Commission has not ruled by then, the deal will automatically renew for another two weeks and for every two weeks thereafter.
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Posted by: Healthyone | April 30, 2008 8:02 PM
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