Bothell firm starts leukemia testing
Seattle Genetics Inc. has begun an early human trial to test SGN-40 on patients with chronic lymphocytic leukemia, the most prevalent form of the disease. The Food and Drug Administration already has granted SGN-40 orphan drug status for this condition, which qualifies the experimental drug for federal funding, tax credits and other benefits.
SonoSite shipments pass a milestone
SonoSite Inc. has now shipped more than 25,000 hand-carried ultrasound systems since 1999, the company announced Tuesday at the annual Radiological Society of North America meeting in Chicago. The milestone comes less than three years after the Bothell firm shipped its 10,000th unit.
Weyerhaeuser to drop fiberboard
The Weyerhaeuser Co. announced plans Tuesday to get out of the composite panels business by selling six medium-density fiberboard and particleboard mills with about 1,000 employees. Composite panels have been a strong performer, but they amount to only a small part of Weyerhaeuser’s wood products business, so the mills are no longer a strategic fit for the company, chief executive Steven Rogel said. The mills up for sale are in Eugene and Albany, Ore.; Bennettsville, S.C.; Malvern, Ark.; Simsboro, La., and Clonmel, Ireland.
TiVo’s earnings surprise analysts
TiVo Inc. reported a narrower than expected loss for the third quarter and cautioned Tuesday that its fourth-quarter loss will be between $17 million and $22 million. For the three months ended Oct. 31, the pioneer of digital video recorders lost $14.2 million, or 17 cents a share. That was a 46 percent improvement over a loss of $26.4 million, or 33 cents a share, in the same period of 2004. Analysts were expecting the Alviso-based company to lose 24 cents a share on revenue of $42 million, according to a poll by Thomson Financial.
US Airways Group orders Airbus jets
US Airways Group Inc. has ordered 20 Airbus A350 planes, honoring its promise to buy the fuel-efficient aircraft aimed at trans-Atlantic flights as part of a financing deal for the airline’s acquisition by America West Airlines. Airbus SAS announced the order on Tuesday but did not disclose the financial terms. As part of the deal, the airline agreed to buy the Airbus A350s, which are designed to compete with Boeing’s 787 Dreamliner.
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