14kt Gold Overlay Bar Cufflinks - New Release
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GE’s new CEO Larry Culp, who took up his post at the start of the month, told Le Maire in a meeting on Wednesday that France remained a strategic country for the company, the ministry said in statement. “He (Culp) assured him (Le Maire) that General Electric would respect its contractual commitments with the French state,” the ministry said in a statement. “In particular, GE will pay a penalty of 50 million euros in case the 1,000 net jobs planned are not created.”.
MUMBAI (Reuters) - India’s capital markets regulator has asked Fortis Healthcare (FOHE.NS) to recover 4.03 billion rupees ($55 million) from its founder brothers and firms 14kt gold overlay bar cufflinks related to them, pending an investigation into loans made by the company, Tycoon brothers Shivinder Singh and Malvinder Singh and eight firms related to them should jointly pay the sum with due interest to Fortis within three months, the Securities and Exchange Board of India (SEBI) said in its order on Wednesday, “A detailed investigation of the entire scheme employed in this case is necessary to find out the role of each entity in the alleged routing of funds,” SEBI said..
SEBI will carry out a detailed investigation, but said it was issuing an interim order to protect the interests of Fortis Healthcare shareholders and prevent any further “deterioration” of company funds or assets. It also barred the Singh brothers and the firms from selling any assets or from diverting any funds except for meeting daily expenses till such a probe was completed. Reuters could not reach the Singh brothers for comment, while Fortis did not immediately respond to a request for comment outside regular business hours.
The eight firms and the Singh brothers, who have also been ordered not to associate themselves with any Fortis-related business, have 21 days to file a reply from the day they receive the order, SEBI said, Cash-strapped Fortis, which operates about 30 14kt gold overlay bar cufflinks private hospitals in India, accepted an investment offer from Malaysia’s IHH Healthcare Bhd (IHHH.KL) in July after an extended bidding war for control of the company, It is unclear whether the SEBI order will affect the timing of the closing of that deal..
LOS ANGELES (Reuters) - Express Scripts Holding Co, one of the largest U.S. prescription benefits managers, will cover new migraine drugs from Eli Lilly and Amgen Inc, but exclude a rival medication from Teva Pharmaceutical Industries Ltd after price negotiations with all three manufacturers. The decision represents a setback for Israel-based Teva , which is in the midst of a corporate restructuring and had hoped to capture a sizable share of the multibillion-dollar migraine market. Express Scripts is also taking steps to limit use of the Amgen and Lilly migraine drugs to patients it says are most likely to benefit from them.
Pharmacy benefits managers (PBMs) are taking more aggressive action to lower the cost of prescription drugs for their clients, large employers who pay for health benefits for their workers, Teva’s Nasdaq-listed shares fell 4 percent to $21.32, while Amgen was up slightly at $203.03 and Lilly shares rose 2 percent to $113.23, The new migraine treatments were approved for the U.S, market within a few months of each other this year, That gave Express Scripts more leverage in demanding a discount in exchange for putting a therapy on its “formulary,” or list of covered drugs, “These products are fairly interchangeable,” Harold Carter, clinical solutions director at Express Scripts, told Reuters, “It comes 14kt gold overlay bar cufflinks down to manufacturers providing the best value to be on the formulary.” He acknowledged that price rebates played a role in determining coverage status, but declined to comment on the level of rebating..
In May, Amgen and marketing partner Novartis AG won U.S. approval for Aimovig, an injected drug designed to interfere with a process that helps kick off migraine headaches. Teva’s Ajovy and Lilly’s Emgality were approved last month. The three drugs work in a similar manner and represent an improvement over older treatments. In clinical trials they significantly reduced migraine frequency in about half of patients. Wei-Li Shao, vice president of neuroscience at Eli Lilly, told Reuters last month that discounts and rebates for Emgality would be negotiated with insurers and other payers.
Teva, in an emailed statement, said it was “disappointed” with Express Scripts’ decision, but has programs in place to make sure patients can access Ajovy, which is seeing “strong demand” in the few weeks since its launch, All three drugs have a list price of $575 a month, or $6,900 a year, Geoffrey Porges, biotech analyst at Leerink, told Reuters he 14kt gold overlay bar cufflinks expects the drugmakers will need to offer rebates of at least 30 percent for the new migraine class to be covered by insurance..