Chiron Swings Q3 Profit, Despite Flu Vaccine Issues
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(10/22/04)âChiron Corp. Wednesday reported net income of US$23.5 million, or $0.12 for the third quarter, compared with a loss of $19 million, or $0.
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Executives at the Chiron Corporation hedged yesterday about whether the company would be able to return to selling flu vaccine in the United States next year.
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SAN FRANCISCO - The nation&#39;s vaccine supply for the coming flu season took a big hit yesterday when Chiron Corp. announced it found tainted doses at its factory.
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Pfizer Inc., the world&#39;s biggest drugmaker, said Wednesday third-quarter earnings rose on higher sales of key medicines. The New York based company said it earned $3.
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The drugmaker posted third-quarter net income of $1.53 billion as revenues increased by double digits, while lower costs offset more spending on research and development.
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Shares of Chiron Corp., the world&#39;s second-biggest seller of influenza vaccines, fell as much as 9.5 percent after saying it would delay shipments of its Fluvirin flu shots until October because of a possible product flaw.
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The Swiss pharmaceuticals giant Roche, manufacturer of anti-flu drug Tamiflu, said its first-half net profit had increased by 37 percent to 4.54 billion Swiss francs (2.9 billion euros, 3.62 billion dollars).
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TORONTO (CP) - Canadian supplies of influenza vaccine will not be affected by the stunning withdrawal from the world market of millions of doses made by Chiron Corp.
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Third-quarter profit rose 15 percent to $1.28 billion as  premium and fee growth in its Medicaid business helped offset lower enrollment in employer-sponsored programs.
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Pfizer Inc. (PFE.N: Quote, Profile, Research) , the world&#39;s biggest drugmaker, on Wednesday said third-quarter earnings rose on higher sales of key medicines and favorable foreign exchange factors.
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This year&#39;s unexpected shortage of flu vaccine was a result of vaccine doses becoming contaminated during production. On October 5th, Chiron Corporation, a California-based biotechnology
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DuPont Co. reported a third-quarter profit Tuesday, saying higher sales volumes and local selling prices offset a sharp increase in the cost of energy and raw materials.
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A grand jury subpeona for records about its flu vaccine points to possible criminal violations. Next: A flood of civil suits. Over the last year-and-a-half, Chiron (CHIR ) had been making strides in reinventing itself.
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US regulators found &quot;deviations&quot; from good manufacturing standards at Chiron Corp.&#39;s British flu-vaccine plant in June 2003, a newspaper reported Monday.
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EMERYVILLE, Calif. Chiron&#39;s (KY-rawn) aggressive plan to dominate the US flu vaccine market is in tatters. The Emeryville-based company&#39;s financial future is clouded now as well as the public health crisis it caused continues to mount.
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The company said third-quarter profit rose 16 percent despite a drop in production, but warned that performance of its refining operations was weaker than it appeared.
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Schering-Plough Corp. swung to a profit in the third quarter from a loss a year ago, even as sales decline slightly in the period.