Industry - Health latest news

LAVAL, QUEBEC (MARKET WIRE) Savaria Corporation (TSX: SIS), announces that it will hold its Annual General Shareholders Meeting on Thursday, May 15, 2008 at 11:00 AM, in the Blue room of the Ritz-Carlton, located at 1228 Sherbrooke Street West, Montreal, Quebec.

Reuters - Japan's Takeda Pharmaceutical Co Ltd (4502.T) posted a 77 percent drop in quarterly operating profit as it spent to boost its pipeline, and forecast a sharp fall in annual income linked to the costs of its $8 billion-plus purchase of Millennium Pharmaceuticals.

The Healthcare Association of New York State has received a $105,000 state grant for a program aimed at reducing hospital-acquired infections.

SAN FRANCISCO, CA (MARKET WIRE) Conard House, a nonprofit organization helping San Francisco residents self-manage chronic mental illness, is today extending its appreciation to Delivery Agent for contributing much-needed clothing, bedding and bath goods to Conard House clients. The donations will be distributed to those living in the organization's numerous supportive housing communities. Delivery Agent Inc. is a leader in shopping-enabled entertainment for television shows, motion pictures, sports and music videos.

Milwaukee's high health care costs are due mostly to a lack of competition, according to a report released Friday by the Wisconsin Policy Research Institute Inc., a conservative policy group based in Thiensville.

The Orphan Drug Act gives pharma companies an extra incentive to work on smaller-market drugs.

Affymax Inc. on Friday reported a more than doubled first quarter loss to $15.6 million, or $1.03 a share, compared to $7.2 million, or 48 cents a share in the same quarter last year. (AFFY)

Investors sold off the stock due to a lack of transparency with earnings.

The generic drug manufacturer lowered guidance on bad earnings and pledged to sell its specialty drugmaker.

The generic drug manufacturer lowered guidance on bad earnings and pledged to sell its specialty drugmaker.