Newspaper wrap-up: American Capital Strategies tied to Baxter's Heparin generic problems
Posted Feb 15th 2008 8:00AM by Laurie Pasternack
Filed under: Newspapers, Magazines, AT and T (T), Citigroup Inc. (C), Baxter Intl (BAX)
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MAJOR PAPERS:
- The Wall Street Journal reported that the focus of reports of four deaths and 350 allergic reactions to Baxter International Inc's (NYSE: BAX) generic version of the blood thinner drug Heparin, and the ingredients supplied by a Chinese manufacturer, also includes Wisconsin-based Scientific Protein Laboratories, a co-owner of the Chinese manufacturing plant, and majority owned by American Capital Strategies Ltd (NASDAQ: ACAS), a Maryland buyout firm.
- Citigroup Incorporated (NYSE: C) has suspended investors at its CSO Partners hedge fund from withdrawing their money after they attempted to pull more than 30% of the fund's nearly $500M in assets, the Wall Street Journal reported.
- AT&T Inc (NYSE: T) is seeking more revenue from India as it tries to expand its consumer mobile phone operations outside the U.S, the Financial Times reported.
OTHER PAPERS:
- According to the New York Times, the FDA broke its own rules by approving for sale Baxter International's Heparin without first inspecting a Chinese plant where the drug's key ingredient is made.
Tags: ACAS, American Capital Strategies, AmericanCapitalStrategies, BAX, Baxter International, BaxterInternational, C, Citigroup, CSO Partners, CsoPartners, generic, hedge fund, HedgeFund, Heparin, Scientific Protein Laboratories, ScientificProteinLaboratories
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