News Archive
Vertex Pharmaceuticals Incorporated announced today that holders of its 4.75% Convertible Senior Subordinated Notes due 2013 have agreed to exchange approximately $109.0 million in aggregate principal amount of those notes and accrued interest for approximately 4.8 million shares of the Company's common stock, which is approximately 140,000 shares more than the number of shares into which the notes were convertible under their original terms.
Intellect Neurosciences, Inc., a biopharmaceutical company focused on development of disease-modifying therapeutic agents for Alzheimer's disease, announced today it has completed a restructuring of its balance sheet. The result is the extinguishment of approximately $24 million of aggregate face amount plus accrued interest of debt and preferred stock through the issuance of common stock.
A comprehensive review of studies on parents' work schedules and child development spanning the last three decades shows that parents' work schedules in evenings, nights and weekends, so called "nonstandard work schedules" or "unsociable work hours", may have negative consequences for children. When parents work such hours, children tended to have more behavioral problems, poorer cognitive ability (e.g., language, reading and mathematics), and were more likely to be overweight or obese than children in families where parents mostly worked during the daytime hours and week day.
Virginia Commerce Bank employees recently stepped up their game by completing a company-wide walking program that encouraged fitness and overall wellness. The 12-week fitness program, named "Stepitup," utilized pedometers to track employees' steps and offered incentives for participation and for meeting minimum walking goals.
A vaccine to protect adults and adolescents against illness due to Bordetella pertussis infection-or whooping cough-has proved more than 90 percent effective in a national, large-scale clinical study, according to research results published in this week's issue of The New England Journal of Medicine.
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