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November 2012 Archives

Business litigation possible for 2 New Jersey drug companies

Two New Jersey companies have seen the arrest of top executives in recent days. A biotech drug manufacturer, Celgene Corp., based in Summit, and a French based pharmaceutical company, Sanofi-Aventis, whose United States headquarters are located in Bridgewater both had financial executives that have been charged with insider trading. There were four other people arrested in connection with the same case. In the aftermath of these arrests, the companies may find themselves subject to civil business litigation from their investors.

New Jersey business planning: Merck takes a risk with Oxytrol

The New Jersey based pharmaceutical giant Merck is seeking FDA approval to switch Oxytrol to an over-the-counter medication. The company's business planning led them to take a gamble and purchase the nonprescription drug from Watson Pharmaceuticals Inc. Merck believes that the patch would be a good over-the-counter alternative to oral medications since there are fewer side effects.

New Jersey business dispute: Gov. warns about price gouging

New Jersey Governor Chris Christie has had a hotline set up for consumers to call and report instances of price gouging in the aftermath of Hurricane Sandy. If consumers at a business dispute their prices as being excessive, they are encouraged to call the hotline to report the business. Governor Christie has said that every complaint will be investigated.

New Jersey company is the focus of sale and business merger

Flex Products, a New Jersey plastic package container manufacturing company, is being bought by VisiPak. The sale and business merger gives VisiPak the flexibility to move its operations between its home state and New Jersey in an effort to reduce shipping costs and improve local business. VisiPak hopes that Flex Products' 70,000 square foot facility will increase production by 50 percent.

New Jersey business merger: Target sells its credit card business

New Jersey Target customers may not know that Target is selling its credit card business to TD Bank Group. The price of the business merger and sale is for the amount of the gross value of the outstanding receivables on the day the deal closes. That amount is currently $5.9 billion.

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