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Wed. Dec. 19, 2012 Vertex updates label of hepatitis C drug after reports of a ‘small number of fatal skin reactions’ Vertex Pharmaceuticals Inc. will more prominently display warnings of possible side effects on the US labels of its blockbuster hepatitis C drug Incivek, following reports of a small number of fatalities. A known side effect of Incivek is skin rash, and that was noted on the drug’s original label following its US approval in 2011. Cambridge-based Vertex said Wednesday that the updating of the US label “follows reports of a small number of fatal skin reactions in patients who continued to receive Incivek combination therapy after a serious skin reaction was identified.”	Advertisement
Skanska USA buys Seaport District parcel with plans to develop an office building Skanska USA Commercial Development Inc. said that it has acquired Parcel L1 of Seaport Square in Boston’s Seaport District, with plans to develop a 455,000-square-foot office building on the site. The seller of Parcel L1, which is located at the corner of Seaport Boulevard and Boston Wharf Road, was Boston Seaport LLC., a partnership between Morgan Stanley and Boston Global Investors. Skanska USA said it acquired the land and development rights for $33 million and contributed an additional $4.5 million to Seaport Square’s public realm improvements.
Comcast amps up its Spanish-language content Comcast, a Philadelphia-based media company whose offerings include Internet and cable-television services, said it has launched Xfinity Latino, an updated suite of video products and services developed exclusively to serve Hispanic customers. Xfinity Latino delivers 10 new popular Hispanic channels, and it doubles Comcast’s Hispanic On Demand content on TV and online.
Strategy Analytics: Global LTE smartphone shipments will triple in 2013 Global LTE smartphone shipments will grow threefold to reach 275 million units in 2013, which would be a record year for 4G technology, according to Strategy Analytics Inc. Leading the charge will be such companies as Apple, Samsung, and LG, said Strategy Analytics, a research and consulting firm headquartered in Newton.
Staples ties for first for fastest delivery time among top 25 online retailers If you order from Staples today, you won’t have to worry about your item being delivered late for Christmas. In an evaluation of the top 25 online retailers conducted by independent research company STELLAService, which gathers data through a nationwide network of mystery shoppers, the Framingham-based office supplies company tied for first place in terms of fastest shipping time in November 2012, with an average delivery time of one day.
Ocean Spray to holiday cooks: Don’t forget the cranberries Ocean Spray has teamed up with the chefs at Walt Disney World Resort as part of a marketing effort to remind consumers that cranberries and cranberry products can improve any holiday meal or get-together. Working with Ocean Spray products, the chefs have devised dishes designed to wow revelers on Christmas Day or New Year’s Eve. “Cranberries are exceptional any time of year and pair well with just about everything,” Ocean Spray vice president Larry Martin said.
Restaurant Sciences survey: Consumers say ‘hang the expense’ when it comes to enjoying restaurant wine by the glass Many wine buffs take a spare-no-expense attitude when it comes to ordering a glass of Chardonnay at a restaurant, suggests a new survey from Restaurant Sciences. When out on the town, consumers who order wine by the glass tend to “select by palate rather than price,” said Restaurant Sciences, a Newton company that collects and analyzes data about food and beverage consumption in restaurants, bars, and food-service establishments. In compiling its wine-by-the-glass survey, the firm said it analyzed 10 million wine purchases.
Campanelli sells medical office building in Westwood Campanelli, a Braintree-based commercial real estate firm, said it has sold a medical office building in Westwood to 30 Perwal Associates LLC. Financial details of the transaction were not included in Campanelli’s press release. Campanelli said it purchased the 101,000 square foot property in September 2010 and executed a long term net lease for the entire building with Steward Health Care in November 2010. Steward operates a local hospital chain.
Cerberus plans to sell investment in gunmaker after Connecticut school shootings Cerberus Capital Management, the investment firm that controls the Steward Hospital Health Care System hospital chain in Boston, said that it will sell its investment in Freedom Group, the company that makes the rifle that was used in the Connecticut school killings. “We have determined to immediately engage in a formal process to sell our investment in Freedom Group,” the firm said in a statement. A story in Tuesday’s Globe notes that Cerberus is one of the most powerful forces in the gun business.
Boston Private Financial Holdings sells three branches in Washington state Boston Private Financial Holdings Inc. in Boston said Monday it is selling its branches in Washington state to Sterling Financial Corp. of Spokane, Wash, the parent of Sterling Savings Bank.
Massachusetts Secretary of State William Galvin fines Morgan Stanley $5m for its actions in Facebook IPO Massachusetts Secretary of State William F. Galvin said Monday that his office has fined the investment banking firm Morgan Stanley & Co. $5 million for its “improper influence” over research analysts before the initial public stock offering of the social network Facebook Inc. According to Galvin, Morgan Stanley’s actions as the lead underwriter of Facebook’s IPO violated an agreement Morgan Stanley signed with the Commonwealth in 2003. Morgan Stanley shared information with institutional investors that was not made available to “Main Street investors,” Galvin said.
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