Business News

Biotech drugmaker Regulus Therapeutics Inc. said Tuesday it will team up with Sanofi-Aventis SA, one of the world’s largest drug companies, in a drug development deal that could be worth more than $750 million.

Regulus and Sanofi-Aventis will work on as many as four drugs that use microRNA, or small RNA molecules that can treat diseases by turning parts of genes on or off. Their first focus will be fibrosis, a group of diseases that cause scarring inside organs.

[Manufacturing.net]

Johnson & Johnson buys Micrus for $480M

Johnson & Johnson said Monday it will pay $480 million for medical device maker Micrus Endovascular, adding a range of treatments for stroke and brain aneurysms. Johnson & Johnson said it ... Read More

Tech Aerospace to add 100 jobs in Washington, Mo

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Missouri is the only state in the Midwest with a AAA credit rating

Moody’s Investors Service and Standard & Poor’s have both reaffirmed Missouri’s AAA credit rating, making Missouri once again the only state in the Midwest to earn a triple-A rating from all ... Read More

Mamtek to establish large and expandable U.S. presence in Moberly

Moberly Area Economic Development Corporation today announced that the multinational company Mamtek International and its affiliate Mamtek U.S., producers of a healthy sugar substitute called sucralose, plan to base U.S. manufacturing ... Read More

Boeing to buy internet security firm Narus

Boeing said Wednesday that it agreed to acquire privately held network security firm Narus for an undisclosed amount. Narus, which employs about 150 people worldwide, is based in Sunnyvale, Calif. It ... Read More

Monsanto, BASF add wheat, $1B to crop venture

BASF and Monsanto Co. said Wednesday that they are expanding their joint efforts to develop higher-yielding and stress-tolerant crops to include wheat and may add more than $1 billion to those ... Read More

Obama visit to Kansas City will discuss stimulus, job creation

President Obama will use his visit to Smith Electric Vehicles U.S. Corp. in Kansas City on Thursday to highlight how the federal government is using stimulus grants to encourage more private ... Read More

Canada’s Cott Corp to buy juice maker Cliffstar

Canadian soft drink maker Cott Corp. is buying private-label juice maker Cliffstar Corp. for $500 million in cash, to expand its portfolio of beverages. Cliffstar is the largest private-label maker of ... Read More

DED designates KC location as certified site

The Missouri Department of Economic Development (DED) announced today that a Kansas City location has been designated as the state’s fourth Certified Site. Chosen by DED’s Certified Site team, the site ... Read More

Missouri’s tax climate gets an ‘A’ grade in the 2010 Manufacturing and Logistics Report Card

The 2010 Manufacturing and Logistics Report Card, prepared by Ball State University’s Center for Business and Economic Research, noted certain states – those with low tax rates, diversity of industry and ... Read More