Roundup: Human Genome Sciences, Comstock, SLM

From staff and wire reports

*Human Genome Sciences of Rockville said it entered a manufacturing alliance with Hospira, agreeing to manufacture, develop and sell supplies of some of Hospira's biopharmaceutical products. The companies did not disclose financial terms of the deal or identify the products HGS would make. HGS also said it entered into a marketing-services agreement with Eden Biosciences in August. Under that deal, Eden will help HGS identify potential clients for its manufacturing and late-stage process development services.

*Reston-based Comstock Homebuilding said it has reached a deal with Regions Bank to relieve the ailing home builder of about $5.3 million worth of debt in development loans. Regions will foreclose on three of Comstock's properties in Atlanta in exchange for releasing the home builder of its obligations.

*SLM said it named Kenneth Fischbach senior vice president of corporate finance. The Reston company said Fischbach will oversee debt investor relations. He had served as managing director at Residential Capital, a mortgage originator and servicer.

*Martek Biosciences of Columbia said third-quarter profit grew 52 percent, to $9.3 million (28 cents a share) from $6.1 million (19 cents) in the comparable period a year earlier. Revenue grew 13.6 percent, to $88.4 million.

By Terri Rupar  |  September 4, 2008; 5:05 PM ET  | Category:  Roundup
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