Nastech Pharmaceutical Co. of Bothell has started a phase 2 clinical trial of the company’s insulin nasal spray. The company said it is testing the spray on approximately 20 patients with type 2 diabetes to see how it works compared to injectable insulin. An early study of the nasal spray suggested it delivers insulin to the patient faster than existing injectable and inhalable forms. Nastech’s shares were down by 6 cents to $13.79.
Sonus share price continues to fall
Shares of Bothell-based Sonus Pharmaceutical lost another 8 percent, or about 6 cents, on Wednesday to close just under 63 cents a share. Since Friday’s closing price, shares of the biotechnology firm have lost almost 86 percent of their value. On Monday, the company announced its experimental chemotherapy drug failed a late-stage clinical test.
Cascade Bank increases dividend
Cascade Financial Corp., parent company of Cascade Bank, announced a quarterly cash dividend of 9 cents per share, an increase of 12.5 percent over its previous cash dividend of 8 cents per share. The dividend will be paid on Oct. 24 to shareholders on record on Oct. 10. Headquartered in Everett, Cascade Bank operates 20 branches.
Companies hired for 787 systems
Kidde Aerospace &Defense will be the exclusive supplier of fire detection and suppression systems for the 787, the Boeing Co. announced Wednesday. Monogram Systems will provide the complete water and waste systems. Moog Inc. will supply the flight controls for things like spoilers and the horizontal stabilizer.
Boeing sees Latin American growth
Latin American airlines will need 1,730 airplanes worth $120 billion during the next 20 years, according to an analysis presented at the Latin America Airfinance Conference. Air travel within Latin America will grow 6.6 percent during this period, well above the world average growth of 5 percent.
Microsoft develops ‘media extenders’
Microsoft Corp. and its hardware partners are trying to bridge the divide between home computers and TV sets this holiday season with the release of several “media extenders.” These TV set-top boxes will connect wirelessly to computers running the Home Premium or Ultimate flavors of Windows Vista and enable users to use TV sets to watch movies, TV shows and Internet video that is stored on computers.
Web search results honed by Microsoft
Microsoft Corp., the No. 3 Web search provider in the U.S., is rolling out changes to its search engine aimed at narrowing the gap between it and market leader Google Inc. Microsoft is quadrupling the number of sites it searches for information and overhauled the core technology that decides what to display, said Satya Nadella of Microsoft. Among the updates are improvements to the way Live Search interprets what users are looking for, even if they misspell a word.
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