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Newbie ![]() Joined: Apr 30 2013 Location: United Kingdom Online Status: Offline Posts: 16 |
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between the companies that allowed it to co-develop and co-promote the drug. After reporting lackluster results from a 2005 arthritis study, the companies turned their attention to lupus. When a mid-stage trial in lupus patients failed to meet researchers' goals in 2006, many analysts wrote the drug off and downgraded Human Genome's stock. But when scientists reanalyzed the data they found that the drug helped block the antibodies that cause lupus symptoms in a subset of patients. Human Genome said Thursday that it has asked for more information from Glaxo, which is based in the United Kingdom, on products that are in its clinical pipeline. Human Genome has substantial financial rights in some of those products. Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By CHRISTOPHER S. RUGABER and MARTIN CRUTSINGER,toms shoes sale, Associated PressWASHINGTON (AP) When the International Monetary Fund meets this weekend, its top goal will be as simple as it is difficult: Get member nations to pledge many more billions in aid in case the IMF needs to rescue more European economies.Yet even success would hardly inspire confidence in Europe's economy. It is, by all accounts, already in recession. And slowing economies elsewhere from China to Brazil to India may reduce the exports the continent needs to grow. European nations need faster growth to help lighten their debt loads.All that is out of the IMF's control whether or not it receives pledges of further aid this weekend. The extra IMF resources will serve as a backstop that will provide reassurance to financial markets,cheap toms shoes, said David Wyss, former chief economist at Standard Poor's. But it doesn't address the issue of how you get growth started in countries that are in deep recessions. What makes stronger growth so hard to achieve is that Europe's most troubled economies are under orders to cut not boost spending. That's part of the fiscal austerity deal under which many European Union members must curb spending to help combat the continent's debt crisis.[See the top-ranked European Region ETF.]The IMF's policy meetings Saturday in Washington will focus on the more immediate task of raising more money. Its sister lending agency, the World Bank, will also hold policy meetings.Before they do, finance ministers and central bank governors of the Group of 20 nations meet Friday to discuss Europe's debt crisis. The G-20 comprises traditional economic powers such as the United States, Germany and Japan and faster-growing emerging nations such as China, Brazil and India,toms shoes.The IMF's managing director, Christine Lagarde, has scaled back her target for how much more aid the IMF needs member countries to contribute. The 188-nation IMF already has about $385 billion it can lend to troubled countries. In January, Lagarde had mentioned seeking up to $500 billion more in commitments.Last week, she said less money might be needed Related articles: |
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