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Cancer drug developer reports 1Q loss

Progenics Pharmaceuticals Inc. this month reported a first-quarter net loss of $11.3 million, or 22 cents per share. Officials at the biotechnology company in Greenburgh said a $1.8 million decrease in total expenses for the quarter lowered the oncology-focused drug developer’s net loss from $13.1 million, or 39 cents per share, in the first quarter of 2012. Progenics in January acquired Molecular Insight P ...

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Acorda “strong” despite 1Q loss

Despite a sluggish start to the first quarter, officials at Acorda Therapeutics Inc. in Ardsley said the biotechnology company is still on track to record net sales of $285 million to $315 million this year for its drug Ampyra. The drug is prescribed to improve walking in patients with multiple sclerosis (MS). Dr. Ron Cohen, founding president and CEO of Acorda, told investors that the company now has in it ...

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Hudson Health Plan joins MVP

Hudson Health Plan, the Medicaid managed care organization based in Tarrytown, will join the MVP Health Care group of companies, the two nonprofit health plans jointly announced today. Together Hudson and Schenectady-based MVP will serve approximately 733,000 members. Both expect their membership to grow with the launch of the state’s health insurance exchange later this year. Financial terms of the agreeme ...

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