* Q3 operating profit rises 9.9 percent
* Q3 net profit drops 14.6 percent
* Revenue from Millennium, TAP boosts profit
* Keeps full-year forecast (Adds net profit, analyst comments, byline, updates share price)
By Yumiko Nishitani
Takeda Pharmaceutical (4502.T), Japan's largest drugmaker, said third-quarter operating profit rose 9.9 percent, helped by the acquisition of U.S. biotech firm Millennium and the absorption of part of a former U.S. joint venture.
Net profit fell 14.6 percent, however, with lower interest income and decreased cash reserves after the purchase of Millennium Pharmaceutical.
Takeda shares ended the day down 1.4 percent at 4,150 yen, little changed after the earnings announcement.
"The results were 100 percent no surprise," said Kenji Masuzoe, an analyst at Deutsche Securities.
"Investors' focus will remain on the extent to which Kapidex can fill the earnings gap likely to be caused by the expiry of its patent on Prevacid in the deteriorating U.S. market and whether its diabetes drug SYR-322 will win U.S. marketing approval."
Prevacid, Takeda's mainstay acid-reflux drug, which accounted for roughly one-tenth of its revenues last business year, will lose U.S. patent protection in November. Takeda won approval for Prevacid's successor drug Kapidex this week.
Japanese drugmakers, racing with bigger global rivals to fill revenue gaps caused by patent expirations, are looking to expand drug pipelines through acquisitions, buying rights to new drugs and increasing in-house research spending.
Takeda booked goodwill amortisation and other relatively minor costs related to Millennium and the venture TAP Pharmaceuticals, but this was offset by the additional revenue and a reduction in overseas costs due to a firmer yen.
Takeda posted an operating profit of 154.9 billion yen ($1.7 billion) for October-December, as revenues rose 7.6 percent to 395.6 billion yen, led by Prevacid.
Net profit fell to 96.8 billion yen, hurt by the absence of equity income from its partial ownership of TAP, which had helped boost non-operating profits last year.
It maintained its forecast for an operating profit of 270 billion yen for the year ending on March 31, in line with a consensus of 279.8 billion yen from 19 analysts polled by Reuters Estimates.
Takeda shares fell 12 percent in October-December, outperforming the Nikkei Average .N225 which fell 21 percent. ($1=89.75 Yen) (Editing by Michael Watson)
Tuesday, February 3, 2009
Wednesday, January 7, 2009
Philippine Farmers Bank Turns to Misys to Underpin its Consumer Lending Business
LONDON, January 7, the global application software and services company, today announces that Philippine Farmers Bank has chosen Misys to strengthen its lending business and increase its ability to respond to and service its customers throughout the country.
Philippine Farmers Bank is a rural bank that provides retail banking services in the Philippines, including traditional deposit, loan products and cash management. Having established itself as the leading bank for both consumers and small and medium-sized businesses to have access to these services in one place, it is now focused on growing its business further and keeping ahead of the competition.
Philippines Farmers Bank selected Misys from among the several vendors offering a core banking solution. The bank was looking for a trusted partner with both the knowledge and the experience to help it to achieve its goals without impacting the high level of customer satisfaction the bank had built in its business.
"We turned to Misys because of its track record in the region and its ability to support banks growing their business," stated Ronaldo C. Alaya-ay, Manag
Philippine Farmers Bank is a rural bank that provides retail banking services in the Philippines, including traditional deposit, loan products and cash management. Having established itself as the leading bank for both consumers and small and medium-sized businesses to have access to these services in one place, it is now focused on growing its business further and keeping ahead of the competition.
Philippines Farmers Bank selected Misys from among the several vendors offering a core banking solution. The bank was looking for a trusted partner with both the knowledge and the experience to help it to achieve its goals without impacting the high level of customer satisfaction the bank had built in its business.
"We turned to Misys because of its track record in the region and its ability to support banks growing their business," stated Ronaldo C. Alaya-ay, Manag
Ekahau Selected to Provide RTLS to University HealthSystem Consortium
RESTON, Virginia, January 7. Ekahau Inc., a leading provider of Wi-Fi-based Real Time Location Systems (RTLS), announced that after a competitive bid process it was awarded a multi-year agreement with University HealthSystem Consortium (UHC) to provide the Ekahau Real Time Location System (RTLS) solution to UHC member hospitals.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081014/324879-a )
This three-year agreement, with options to extend, positions Ekahau as the preferred provider of RTLS solutions to UHC's 294 member hospitals throughout the United States. Many of these institutions have Wi-Fi in place today making Ekahau's WI-Fi-based RTLS solution a logical choice for a cost-effective, quick deployment. Ekahau also has mutual certifications with all leading Wi-Fi infrastructure providers, further endorsing the benefits of Ekahau's location tracking solution to UHC and its member hospitals.
RTLS systems have become a mainstream technology in hospitals across the U.S. for tracking assets, inventory and patients and knowing the whereabouts of key staff members. Knowing the real-time whereabouts of these key assets has become mission critical to healthcare institutions, helping them reduce costs, improve workflow and increase the quality and timeliness of patient care.
"UHC is excited about entering into a new agreement with Ekahau because we believe they are one of the best RTLS system providers for our member hospitals," said Cindy White, UHC's vice president of operations. "We wanted a system that can cater to the unique tracking needs of each of our member hospitals and yet be simple and cost-effective to deploy."
Ekahau RTLS is a unique tracking system because it can locate objects using a hospital's existing Wi-Fi network, regardless of vendor or generation of the infrastructure. The Ekahau system is the only Wi-Fi-based system on the market that is capable of providing room-level accuracy using Wi-Fi without deploying proprietary chokepoints or readers, which can cause interference with medical equipment. Since Wi-Fi is typically deployed hospitalwide, Ekahau RTLS can extend location visibility across the entire campus or several campuses without any additional costs.
"We are very honored that UHC selected Ekahau as its RTLS partner of choice and to have the opportunity to serve the organization's member hospitals. The program we have put into place with UHC will allow UHC members to easily procure and roll out RTLS solutions to meet immediate needs and to have a platform for future growth and expandability as new requirements are put forth," said Tuomo Rutanen, Ekahau's vice president of business development. "During challenging economic times, like those we're experiencing today, RTLS systems can help businesses of all types save money. By leveraging existing Wi-Fi networks, Ekahau RTLS allows hospitals to better utilize their existing assets, resulting in lower capital spending, while driving significant operational efficiencies that reduce expenses and support improved patient care and safety initiatives."
Ekahau holds more than a dozen patents on its core location algorithms and processes that allow for the full modeling and analysis of RF data from the Wi-Fi network. Ekahau also offers the broadest set of Wi-Fi tags available to meet user- or application-specific needs. This powerful combination of software and hardware has been selected by thousands of customers worldwide to solve everyday business and operational problems.
About UHC
The University HealthSystem Consortium (UHC), formed in 1984, is an alliance of 103 academic medical centers and 191 of their affiliated hospitals representing approximately 90 percent of the nation's nonprofit academic medical centers. UHC offers its members specific programs and services to improve clinical, operational, and patient safety performance. The mission of UHC is to advance knowledge, foster collaboration, and promote change to help members succeed in their respective markets. For more information, visit http://www.uhc.edu.
About Ekahau Inc.
Ekahau Inc. is the industry leader in providing Wi-Fi-based RTLS solutions. Ekahau's customers, including several Fortune 500 companies worldwide, are realizing the benefits of Wi-Fi based location services and innovative Wi-Fi network planning and optimization tools. Ekahau's solutions are being used in more than 150 hospitals around the world, as well as by manufacturers, mining/oil/gas companies, government agencies and the military. Ekahau partners include wireless software developers, leading system integrators and international OEM partners, who develop and market wireless enterprise applications. Ekahau is a U.S. based corporation, with offices in Saratoga, Calif.; Reston, Va.; Helsinki, Finland; and Hong Kong, China. For more information about Ekahau, please visit at http://www.ekahau.com.
(c) Copyright 2009, Ekahau, Inc. All Rights Reserved.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081014/324879-a )
This three-year agreement, with options to extend, positions Ekahau as the preferred provider of RTLS solutions to UHC's 294 member hospitals throughout the United States. Many of these institutions have Wi-Fi in place today making Ekahau's WI-Fi-based RTLS solution a logical choice for a cost-effective, quick deployment. Ekahau also has mutual certifications with all leading Wi-Fi infrastructure providers, further endorsing the benefits of Ekahau's location tracking solution to UHC and its member hospitals.
RTLS systems have become a mainstream technology in hospitals across the U.S. for tracking assets, inventory and patients and knowing the whereabouts of key staff members. Knowing the real-time whereabouts of these key assets has become mission critical to healthcare institutions, helping them reduce costs, improve workflow and increase the quality and timeliness of patient care.
"UHC is excited about entering into a new agreement with Ekahau because we believe they are one of the best RTLS system providers for our member hospitals," said Cindy White, UHC's vice president of operations. "We wanted a system that can cater to the unique tracking needs of each of our member hospitals and yet be simple and cost-effective to deploy."
Ekahau RTLS is a unique tracking system because it can locate objects using a hospital's existing Wi-Fi network, regardless of vendor or generation of the infrastructure. The Ekahau system is the only Wi-Fi-based system on the market that is capable of providing room-level accuracy using Wi-Fi without deploying proprietary chokepoints or readers, which can cause interference with medical equipment. Since Wi-Fi is typically deployed hospitalwide, Ekahau RTLS can extend location visibility across the entire campus or several campuses without any additional costs.
"We are very honored that UHC selected Ekahau as its RTLS partner of choice and to have the opportunity to serve the organization's member hospitals. The program we have put into place with UHC will allow UHC members to easily procure and roll out RTLS solutions to meet immediate needs and to have a platform for future growth and expandability as new requirements are put forth," said Tuomo Rutanen, Ekahau's vice president of business development. "During challenging economic times, like those we're experiencing today, RTLS systems can help businesses of all types save money. By leveraging existing Wi-Fi networks, Ekahau RTLS allows hospitals to better utilize their existing assets, resulting in lower capital spending, while driving significant operational efficiencies that reduce expenses and support improved patient care and safety initiatives."
Ekahau holds more than a dozen patents on its core location algorithms and processes that allow for the full modeling and analysis of RF data from the Wi-Fi network. Ekahau also offers the broadest set of Wi-Fi tags available to meet user- or application-specific needs. This powerful combination of software and hardware has been selected by thousands of customers worldwide to solve everyday business and operational problems.
About UHC
The University HealthSystem Consortium (UHC), formed in 1984, is an alliance of 103 academic medical centers and 191 of their affiliated hospitals representing approximately 90 percent of the nation's nonprofit academic medical centers. UHC offers its members specific programs and services to improve clinical, operational, and patient safety performance. The mission of UHC is to advance knowledge, foster collaboration, and promote change to help members succeed in their respective markets. For more information, visit http://www.uhc.edu.
About Ekahau Inc.
Ekahau Inc. is the industry leader in providing Wi-Fi-based RTLS solutions. Ekahau's customers, including several Fortune 500 companies worldwide, are realizing the benefits of Wi-Fi based location services and innovative Wi-Fi network planning and optimization tools. Ekahau's solutions are being used in more than 150 hospitals around the world, as well as by manufacturers, mining/oil/gas companies, government agencies and the military. Ekahau partners include wireless software developers, leading system integrators and international OEM partners, who develop and market wireless enterprise applications. Ekahau is a U.S. based corporation, with offices in Saratoga, Calif.; Reston, Va.; Helsinki, Finland; and Hong Kong, China. For more information about Ekahau, please visit at http://www.ekahau.com.
(c) Copyright 2009, Ekahau, Inc. All Rights Reserved.
Subscribe to:
Comments (Atom)