Seattle Genetics granted GlaxoSmithKline rights to use its antibody-drug conjugate technology. GSK will pay Seattle Genetics $12 million upfront and as much as $390 million in milestone fees if all ADC products created as a result of the deal reach the market.
McKesson will continue to be the branded-drug distributor for Rite Aid through April 2013. Rite Aid President and Chief Operating Officer John Standley said the updated contract "provides us with better economic terms than our previous contract."
Simply having a sales representative call a client when payments are late can offer surprisingly better results than sending out a stern letter. While late payments are practically the norm in a struggling economy, some companies that may have a policy of holding bills for a certain number of days also have a stance of paying bills right away if the vendor calls.
Posting its eighth consecutive month of improvement, The Conference Board's index of leading economic indicators moved up 0.9% in November, supporting economists who said the U.S. is beginning a sustained recovery. The research group said six of the index's 10 indicators went up. The result outpaced the 0.7% increase predicted by economists surveyed by Thomson Reuters.
Businesses can benefit from implementing the kind of efficiency that might be needed in a crisis before that instance even occurs. A list of five proactive measures for protecting an organization includes thinking like an SMB owner by keeping the bottom line in mind, maintaining a vision for the company and continuing to raise standards.