Recall Slows Companyâs Plan to Grow in Eye Care
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The recall of one of its best-selling contact lens solutions has put Advanced Medical Optics into crisis mode.
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Eyetech (EYET:Nasdaq - news - research) did not open for trading Friday because a Food and Drug Administration advisory committee is meeting to review the small New York-based biotech&#39;s experimental eye disease drug.
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The three recalls of Boston Scientific Corp. cardiac stents since July 2 affected many more units than the company has previously disclosed, raising concerns among stock analysts about future inventory levels.
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A report by the U.S. Centers for  Disease Control backed the decision by Bausch &amp; Lomb Inc.   to recall its ReNu with MoistureLoc contact lens  solution, which has been linked to cases of a serious eye  infection, the company said on Friday.
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The company speaks of slow U.S. sales growth, but has its makeup really smeared?
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Slowdown will give big companies more time to hunt down compatibility problems, the company says.
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The recall, by a California produce company, comes nearly a year after an outbreak of another pathogen, E. coli, in fresh spinach killed 3 people and sickened 200.
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Facing continued top-line weakness, the company may have to cut costs.
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The discontinuation of Exubera, an inhaled insulin, is another black eye for Pfizer, the worldâs biggest drug company, which has sustained a series of recent reversals.
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Boston Scientific Corp. , the state's largest life-science company, lost $3.6 billion last year thanks to its expensive acquisition of heart-device maker Guidant Corp. , and executives said yesterday they weren't certain when sales of its most important products would begin to recover from their slump.
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The company needs to focus on its core brand rather than launching new products.
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Third company announces battery recall, but its recall program is much smaller than those for Dell and Apple.
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Advanced Medical Optics Inc.  said late on Friday that it was recalling and halting shipments of its Complete MoisturePlus contact lens solutions after data showed a higher risk of eye infections among its users.
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The Limited has decided to focus on its core brands, and the results so far are mixed.
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Medical-care ratio concerns trip up shareholders.
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The shares for Advanced Medical Optics fell 8.9 percent after 2.9 million bottles of Complete MoisturePlus were recalled.
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Bayer (NYSE: BAY) is the latest company to find itself in hot water over a drug recall. But as the company gears up to burnish its image, the improvement in its financial performance promises