July 27, 1990 |
Newport Pharmaceuticals International Inc. said Thursday it has settled a breach-of-contract lawsuit involving its 1987 acquisition of a mail-order pharmacy business from Caremark Inc., a home health-care company formerly based in Irvine. Judy Archbald, Newport Pharmaceuticals' general counsel, said a settlement agreement signed Wednesday calls for Newport Pharmaceuticals to receive $4 million from Baxter Corp., the giant Illinois health-care conglomerate that now owns Caremark.
March 7, 1989 |
Newport Pharmaceuticals International Inc., a diversified health care company in Newport Beach, reported a loss of $4.96 million for 1988, which it attributed almost entirely to the cost of tests aimed at proving the effectiveness of Isoprinosine in the treatment of pre-AIDS conditions. The company reported revenue of $31 million for the year. In 1988, the company said, it invested over $4.
June 20, 1990 |
A trio of Orange County companies--a supplier of stop-smoking products, a pharmaceuticals firm and a computer maker--were among Wall Street's hottest performers Tuesday. Advantage Life Products Inc., a small Laguna Hills company, saw its stock price soar 30.2% after it announced the settlement of major lawsuit with its supplier of anti-smoking aids. The stock was the biggest percentage gainer on the over-the-counter market Tuesday. Right behind was Newport Pharmaceuticals International Inc.
January 29, 1989 |
Newport Pharmaceuticals International, which 2 months ago halted its research on a potential AIDS medication called Isoprinosine, said Friday that its decision could be reconsidered in light of a new study by an affiliate in Denmark. The Newport Beach drug company warned, however, that the results of clinical trials in Scandinavia are "very preliminary" and have yet to be reviewed by the firm.