Business

Durham's Chimerix will give first-grader access to experimental drug

March 12, 2014

(The News & Observer, Raleigh)

After a social media campaign urging Durham-based Chimerix to give a 7-year-old Virginia boy an experimental antiviral drug, the drug-development firm says it has reached an agreement with the Food and Drug Administration to make the drug available to the child, a four-time cancer survivor suffering from a potentially fatal viral infection, for six months.

Lexington Medical Center names Bill James president

March 12, 2014

(The Winston-Salem Journal)

Bill James will become president of Lexington Medical Center, an affiliate of Wake Forest Baptist Medical Center, effective April 21. James served 19 years as president and chief executive of Mount Airy's Northern Hospital of Surry County. 

Southwest wants to add flights from Dallas to Charlotte, Raleigh

March 12, 2014

(The Charlotte Observer)

Southwest Airlines wants to add nonstop flights from Dallas to about a dozen cities including Charlotte, Raleigh and Charleston, S.C. The carrier is hoping to add two gates at Dallas Love Field that American Airlines was forced to give up as a result of its merger with US Airways.

Carolinas HealthCare uses patient data to cut costs

March 12, 2014

(The Charlotte Observer)

Through expanded use of electronic medical records, Carolinas HealthCare System is harnessing patient information to prevent illnesses, manage chronic conditions and ultimately keep costs down. The hospital system is forecasting its first loss next year in more than 30 years. 

Morrisville clinical research firm acquires Hong Kong's Choice Pharma

March 12, 2014

(The News & Observer, Raleigh)

Clinipace Worldwide, a contract-research organization that has its headquarters in Morrisville, has acquired Hong Kong-based Choice Pharma, expanding its global workforce to 640 workers in 30 countries. Financial terms were not disclosed.

Prospect Brands to move headquarters to Greensboro

March 12, 2014

(The News & Record, Greensboro)

Stoneville-based Prospect Brands, parent company of Gerbing and Duck Head, is moving its headquarters to Greensboro despite declining a $150,000 incentive offer from the city in January. The company plans to re-launch the Duck Head brand, which had been exclusive to Goody's retail stores until that company declared bankruptcy in 2009, later this year.

Burlington outlet center to be auctioned

March 12, 2014

(The News & Record, Greensboro)

Burlington Outlet Village, a 24-acre site that struggled financially since Tanger Outlets opened a shopping center in Mebane, is in foreclosure and will be auctioned off on March 20.

Charlotte-based Chiquita to merge with Irish fruit company

March 11, 2014

(The Charlotte Observer)

Chiquita Brands International will merge with Fyffes, an Irish produce company. The new company will be called ChiquitaFyffes and will be based in Dublin. Ed Lonergan, chief executive of Chiquita, said the deal should not have a major impact on the company's employment in Charlotte.

Proposed development would bring 2,200 residential units to Pender County

March 11, 2014

(Greater Wilmington Business Journal)

Wilmington-based Trask Land Co. is planning a 1,300-acre community in Pender County that would add 2,200 residential units over ten years. If the county approves plans for the Blake Farm development, the company hopes to begin infrastructure site work in the fourth quarter of this year.

Quintiles' Gillings, other investors plan $939 million stock offering

March 11, 2014

(The News & Observer, Raleigh)

According to a filing with the Securities and Exchange Commission, a group of shareholders that includes the co-founder and chairman of Quintiles Transnational plan to sell 17.25 million shares of the company's stock in a public offering. Quintiles is a contract-research organization that employs 2,600 in the Triangle and more than 28,000 worldwide.