Navigation Links
Talecris Biotherapeutics Announces Jury Verdict in Contract Dispute
Date:12/14/2010

RESEARCH TRIANGLE PARK, N.C., Dec. 14, 2010 /PRNewswire-FirstCall/ -- Talecris Biotherapeutics Holdings Inc. (Nasdaq: TLCR) announced today that a jury in the General Court of Justice, Superior Court Division, Wake County, North Carolina, rendered a verdict on December 13, 2010 in the amount of $37 million in favor of Plasma Centers of America, LLC, against its subsidiary, Talecris Plasma Resources, Inc., in a breach of contract claim.

Talecris had a three-year Plasma Sale/Purchase Agreement with Plasma Centers of America under which Talecris was required to purchase plasma from plasma collection centers built by Plasma Centers of America and approved by Talecris.  Under the terms of the agreement, Talecris had a conditional obligation to purchase the centers for a sum determined by a formula set forth in the agreement.  Talecris provided approximately $4 million (excluding accrued interest) in financing related to the development of such centers and advanced payments for unlicensed plasma.

In August 2008, Talecris notified Plasma Centers of America that they were in breach of a Plasma Sale/Purchase Agreement.  Talecris terminated the agreement in September 2008.  In November 2008, Talecris filed suit in federal court in Raleigh, North Carolina against the G&M Crandall Limited Family Partnership and its individual partners as guarantors of obligations of Plasma Centers of America.  Plasma Centers of America filed a parallel state action in January 2009, alleging breach of contract by Talecris.

Talecris is evaluating its response to this verdict, including appeal.

About Talecris Biotherapeutics: Inspiration. Dedication. Innovation.

Talecris Biotherapeutics (Nasdaq: TLCR) is a global biotherapeutic and biotechnolog
'/>"/>

SOURCE Talecris Biotherapeutics Holdings Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2

Related biology technology :

1. Talecris Biotherapeutics GmbH Awards Winners of the 7th Annual European ALTA Research Fellowship at 2010 ERS Meeting
2. Talecris Biotherapeutics to Report Second Quarter 2010 Financial Results
3. Talecris Biotherapeutics Announces Premerger HSR Filing
4. Lafmin Morgan Joins Talecris Biotherapeutics as Vice President, U.S. Product Management
5. Talecris Names John Perkins as Executive Vice President, Global Commercial Operations
6. Talecris Biotherapeutics to Present at the 2010 Citi Investment Research Global Health Care Conference
7. Talecris Added to NASDAQ Biotechnology Index
8. Talecris Biotherapeutics to Present at the Bank of America Merrill Lynch Health Care Conference
9. Talecris Biotherapeutics to Report First Quarter 2010 Financial Results
10. Siemens/Talecris Win Best Partnership in the Outsourcing Excellence Awards
11. Live Webinar: Paperless QC Micro Implemented by Talecris Biotherapeutics
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/1/2015)... ... September 01, 2015 , ... Knowledgent , the data and analytics ... advanced analytics utilizing data lakes in the healthcare industry. , As the Internet of ... of data over the last few years as more entities become technology enabled through ...
(Date:9/1/2015)... ... September 01, 2015 , ... A new host-based ... researchers at the Keck Graduate Institute and its collaborators. The discovery has the ... were published online on August 27 by Scientific Reports, an open access research ...
(Date:9/1/2015)... , September 1, 2015 Shire ... of Sara Mathew to its Board of Directors ... of the Audit, Compliance & Risk Committee of the Shire ... 2015. Sara previously served as Chairman, President and ... in December 2013. During her 12-year tenure at D&B, she ...
(Date:8/31/2015)... ... August 31, 2015 , ... ... of its properties such as low carbon footprints and compostability. These properties can ... petroleum based plastics. On the basis of applications, the market for biodegradable plastics ...
Breaking Biology Technology:New White Paper Explores Data Lake Opportunities in the Healthcare Industry 2Scientists Discover New Use for an Old Therapy Inhibiting Deadly Pathogens Including Ebola and Anthrax 2Scientists Discover New Use for an Old Therapy Inhibiting Deadly Pathogens Including Ebola and Anthrax 3Scientists Discover New Use for an Old Therapy Inhibiting Deadly Pathogens Including Ebola and Anthrax 4Shire Appoints Sara Mathew to Board of Directors 2Biodegradable Plastics Market Growing at 10.8% CAGR to 2020 2Biodegradable Plastics Market Growing at 10.8% CAGR to 2020 3Biodegradable Plastics Market Growing at 10.8% CAGR to 2020 4Biodegradable Plastics Market Growing at 10.8% CAGR to 2020 5
... (Nasdaq: SIAL ) will be presenting at the ... at 12:30 PM ET in New York, NY. Interested parties ... at http://investor.sigmaaldrich.com/ .  Users can click the "Webcast" icon ... Sigma-Aldrich is a leading Life Science and High ...
... In a continual effort to alleviate the nationwide nursing ... is hosting the Promise of Nursing for Pennsylvania ... help ease the nursing shortage in Pennsylvania. All proceeds ... on Thursday, September 16, will support regional nursing school ...
... Dynamic Ventures Corp. (OTC:BB: DYNV), announced today that it ... Tree Development Inc. for rights to market and distribute ... nationally and internationally. One Tree maintains offices in Minneapolis, ... is a corporation formed for the purpose of offering ...
Cached Biology Technology:Pennsylvania Partnerships Address Statewide Nursing Shortage 2Pennsylvania Partnerships Address Statewide Nursing Shortage 3Dynamic Ventures Corporation enters into a long-term agreement that brings $50 million annual sales opportunity for wholly owned subsidiary EZ-Build. 2Dynamic Ventures Corporation enters into a long-term agreement that brings $50 million annual sales opportunity for wholly owned subsidiary EZ-Build. 3
(Date:8/26/2015)... , August 26, 2015 The ... and Five Factor), Application (Travel & Immigration, Government, Banking, ... Global Forecast to 2020", published by MarketsandMarkets, Multi-Factor Authentication ... 2020, growing at a CAGR of 17.7% between 2015 ... 82 F igures spread through 169 ...
(Date:8/24/2015)... , Aug. 24, 2015  Based on its recent ... DERMALOG with the 2015 African Biometrics Company of the Year ... achieved substantial commercial success in Africa . ... , where it has implemented one of the largest biometric ... as well as the Central Bank of Nigeria ...
(Date:8/20/2015)... -- NXT-ID, Inc. (NASDAQ: NXTD ) ("NXT-ID" or ... growing mobile commerce market and creator of the Wocket® ... Alliance and the EMV Migration Forum.  ... Alliance Latin America (SCALA) Chapter provides NXT-ID, Inc. direct ... promoting adoption of smart card technology. To ...
Breaking Biology News(10 mins):Multi-Factor Authentication Market Worth 9.60 Billion USD by 2020 2Multi-Factor Authentication Market Worth 9.60 Billion USD by 2020 3Multi-Factor Authentication Market Worth 9.60 Billion USD by 2020 4Multi-Factor Authentication Market Worth 9.60 Billion USD by 2020 5Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa 2Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa 3Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa 4Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa 5Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa 6NXT-ID, Inc. Joins Smart Card Alliance and EMV Migration Forum 2NXT-ID, Inc. Joins Smart Card Alliance and EMV Migration Forum 3NXT-ID, Inc. Joins Smart Card Alliance and EMV Migration Forum 4
... may block the growth of prostate tumors. The related ... Tumor Angiogenesis," appears in the March 2009 issue of The ... only leads to atherosclerosis and heart disease, but may also ... the most common non-skin cancer in the United States, affecting ...
... February 23, 2009 Great Ape Trust of Iowa ... orangutan experts have edited a book set for release ... first time, compares data collected at every known orangutan ... and similarities among orangutan species, subspecies and populations. Scientists ...
... with the tiny fruit fly and then moving into mice and ... of the same gene suppresses cancer in all three organisms. Reciprocally, ... in mammals leads to cancer. The authors show there is ... with a drug. They report their findings in two papers in ...
Cached Biology News:Lowering your cholesterol may decrease your risk of cancer 2New book expands field data available on orangutans 2New book expands field data available on orangutans 3Suppressing cancer with a master control gene 2
DALT GRADIENT MAKER,230V, 1 EA. Category: 2D DALT Systems....
...
propidium iodide *1.0 mg/mL solution in water*...
... ExcelGel DNA Analysis Kit, 1. ... polymorphisms and high resolution DNA typing. ... set-up and clean-up. *Precast, plastic-backed gels ... handling convenience and detection sensitivity. ...
Biology Products: