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Regional Report Triangle February 2013

REGIONALREPORT Triangle

Executive decisions

 

As a candidate for governor, Republican Pat McCrory pledged to make government more responsive to business, so he stocked his cabinet with secretaries who have executive experience, most of them in the private sector.  

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Briefs

RALEIGH — The Food and Drug Administration approved Salix Pharmaceuticals’ drug Fulyzaq, which treats diarrhea in HIV/AIDS patients. The drug has patent protection for at least five years.

DURHAM Tranzyme Pharma stopped enrolling patients in a later-stage clinical trial for a drug that treats stomach problems in diabetic patients because it proved no more effective than a placebo. The biopharmaceutical company focuses on developing treatments for gastrointestinal disorders.

RALEIGH — Carmen Holding Ames, a member of the family that owns the controlling interest in First Citizens BancShares, sold her stake for more than $220 million and resigned from the board of directors. The bank repurchased about $92.1 million of shares, and the rest were sold to investors. She wants to focus on personal interests and her family.

MORRISVILLE — 3D Systems will acquire Geomagic, a maker of design and software tools used in three-dimensional printers, for an undisclosed amount. The Rock Hill, S.C.-based company makes 3-D printers and is a longtime partner
of Geomagic.

RALEIGH WakeMed Health & Hospitals will pay $8 million as part of a settlement with the federal government. An investigation re- vealed that between 2003 and 2010 the system billed the government for expensive inpatient stays when people were outpatients.

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The story behind Core Technology Molding

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I was at a manufacturing industry conference (MFGCON) last week in Durham. That’s where I heard Geoff Foster talk about the company he founded in 2006, Core Technology Molding Corporation in Greensboro.  
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Fayetteville Tech’s president prepares for retirement

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Larry Keen is retiring as president of Fayetteville Tech, the state’s third-largest community college, effective Jan. 1. Here is his story, one that is not widely known. 

Supreme Court justice cites hire as reason to oust chief judge

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N.C. Supreme Court Justice Phil Berger Jr. isn’t on the ballot this year, but he’s taking an active role in determining which GOP candidates for appellate courts make it to the November election. Berger, whose father is...
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This is a column by John Culbertson, owner of Cardinal Real Estate Partners LLC in Charlotte. He's a veteran real estate adviser and investor. How do you negotiate with someone who has 17.7 billion dollars?...

Deal would double Atrium Health’s size

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Atrium plots Midwest expansion
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