MedImmune profits triple in first quarter

One week after disclosing a potential $15.2 billion sale to a British pharmaceutical, MedImmune says its first-quarter profits jumped to more than three times that of the same period last year.

3M partners with company to develop test for infection

3M Co. said Monday that it has formed a partnership with a California company to develop a rapid test for staph and other infections.

BioMarin revenue rises, loss falls

BioMarin Pharmaceutical Inc. reported higher revenue and a lower loss for the first quarter.

Neoprobe 1Q loss deepens

Neoprobe Corp. said Monday its first-quarter loss rose to $1.1 million due to a decline in sales of its blood flow measurement devices.

Elephant Pharmacy names former Williams-Sonoma exec as CFO

Elephant Pharmacy Inc. on Monday named Kelly J. Kennedy as its first chief financial officer.