Biolase cuts outlook, shares tumble
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Medical technology company Biolase Technology Inc. (BLTI.O: Quote, Profile, Research) on Thursday cut its outlook for the third and fourth quarters, sending its shares tumbling by
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Shares dropped as the company forecast a decline in 2008 earnings due to generic competition and weaker sales for its diabetes pill.
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Shares in cancer researcher Peplin Biotech Ltd fell almost 27 per cent in late trading Monday after the company said it would discontinue its collaboration with Allergan Inc for the development of a new skin cancer treatment based on Peplin&#39;s PEP005
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Mylan Laboratories Inc. MYL.N, which  is trying to acquire King Pharmaceuticals Inc. KG.N, on  Thursday reported its quarterly profit fell by almost 60  percent on a product delay and fierce competition, and it cut  its 2005 forecast.
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Stocks were set to drop at the open on Friday as weaker-than-expected government data on job growth last month fed recession fears.
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AstraZeneca reported a 12.5 percent drop in profit and Bristol-Myers Squibb posted a loss, albeit a narrower one.
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Shares in GlaxoSmithKline fall after it issues a profit warning on the back of falling demand for a key drug.
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Shares of Biovail Corp. fell Wednesday after the drug maker confirmed that a competitor had applied to the Food and Drug Administration to market a generic version of its extended-release antidepressant Wellbutrin XL.
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A sharp plunge in energy prices  pulled U.S. producer prices down 0.7 percent last month, a  sharper-than-expected drop and the biggest in more than 1-1/2  years, a government report showed on Friday.
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The company's sales fall, pulling down its stock price.
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PepsiAmericas Inc. PAS.N on Monday   cut its earnings outlook for full-year 2006 due to   lower-than-expected net pricing and a higher cost of goods sold   in its U.S. business.
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U.S. stocks were set for a slightly lower open Thursday as disappointing results from coffee shop chain Starbucks and volatile oil prices may take the steam out of yesterday's rally.
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Shares of Decode Genetics Inc.  DCGN.O fell 19 percent before the market open on Friday, a  day after the company said PriceWaterhouseCoopers resigned as  its accounting firm.
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Laboratory Corp. of America Holdings  on Thursday cut its 2007 earnings forecast after Aetna Inc.  terminated its LabCorp contract, sending shares in the diagnostic services company down by as much as 11 percent.
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Shares drop as U.S. regulators say they want more info before approving caner medication Bonefos.
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Pharmaceutical firm Biovail Corp. on Tuesday narrowed the scope of its full-year revenue forecast to the middle of its prior estimate range, but backed its earnings prediction - excluding charges - of $1.
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Stocks fell on Tuesday after disappointing earnings from Procter & Gamble and U.S. Steel and a Wall Street Journal article that cast doubt on the chances for a Federal Reserve interest rate cut on Wednesday.