Business

Sprout shareholders buy back “female Viagra” company

Valeant Pharmaceuticals is selling Sprout Pharmaceuticals back to shareholders of the company that came up with the female libido-enhancing pill, Addyi. Valeant will also provide a $25 million loan for operating expenses. Former Sprout CEO Cindy Whitehead is expected to lead the company. In return, Valeant will get 6 percent of royalties from sales of […]

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State treasurer taking $12.5B of money management in-house

The North Carolina Retirement System plans to manage passive investments in U.S. stocks on its own, without relying on outside financial-services companies. Dale Folwell Dale Folwell The goal is to have all $12.5 billion in passively managed U.S. equities be handled in house within a year, says State Treasurer Dale Folwell says. The system manages […]

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Texas, NC lead pack for Toyota-Mazda factory

A survey of 70 site selection experts shows Texas in the lead to attract a manufacturing plant Toyota and Mazda are planning. But North Carolina is nipping at the Lone Star State’s heels. The two ranked one and two in the survey. The project is expected to create up to 4,000 jobs attached to the […]

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Pitt County makes growth a group effort

Economic development is a team sport in Pitt County. Jack Pender, who is part of the East Carolina University chemistry department, created a training course for workers at nearby Mayne Pharma Group Ltd. at the request of Pitt Community College’s customized training program.   Appeared as a sponsored section in the November 2017 issue of […]

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