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Forex news - recent top stories



15:03,  12 July 2007
US May trade deficit up 2.3 pct to 60.0 bln usd as expected 
WASHINGTON (Thomson Financial) - The US trade deficit rose 2.3 pct in May to 60.0 bln usd as Americans imported more and more expensive oil and other commodities.Economists were looking for a 60.0 bln usd deficit, expecting imports to recover from their April slide.

12:49,  12 July 2007
Forex - Euro at all-time high against dollar following strong GDP data 
LONDON (Thomson Financial) - The euro continued to post fresh all-time highs against the dollar, supported by an unexpected upward revision to first quarter GDP growth and robust industrial production figures.

09:45,  12 July 2007
Forex - Euro at fresh all-time high against dollar after hawkish ECB bulletin 
LONDON (Thomson Financial) - The euro climbed to a fresh all-time high against the dollar after a hawkish European Central Bank monthly bulletin, amid ongoing concern about the US sub-prime mortgage market.

09:32,  12 July 2007
Bank of Japan's Fukui gives no fresh hints on when rates will rise 
TOKYO (Thomson Financial) - Bank of Japan (BoJ) governor Toshihiko Fukui gave no new hints Thursday about when the monetary authority might hike its key interest rates as he reiterated that the bank will gradually adjust rates taking into account downside risks and the upside potential for the economy.


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• United States 

• USA & Canada 

• Business news 
• Government 

21:25, Tuesday, 05 September 2006

FDA approves sale of 4,000 heart devices


WASHINGTON (AFX) - A Massachusetts company received federal approval Tuesday to sell up to 4,000 artificial hearts a year, though the number of devices implanted annually will likely be far smaller.

The hearts would be used only in patients who are close to death and have no other treatment options.

The Food and Drug Administration granted Abiomed Inc. a humanitarian exemption allowing it to sell the devices, agency spokeswoman Susan Bro said. The actual number of the devices, called the AbioCor, to be implanted likely will be small -- between just 25 and 50 a year, Bro said.

So far, the artificial heart has been tested in only 14 men. Two died from the operation, and another never regained consciousness. The rest survived only an average of five months, with one exception: a man who lived 17 months, until the mechanical heart wore out.

The company said earlier that it would begin implanting the artificial hearts at five hospitals around the country, once doctor training is complete. The devices are fully contained within the chest, with no outside wires.

Abiomed is targeting men -- but not precluding women -- with heart failure who are too sick for a heart transplant, have exhausted other options and are likely to die within a month. The current device is too large for about 90 percent of U.S. women and many men. The company is developing a smaller version.

In 2005, an FDA panel of outside experts voted against recommending Abiomed be given permission to sell the device in limited numbers. At the time, the experts expressed concern that many AbioCor recipients suffered severe strokes, some fatal, that compromised their final weeks.

The company has since redesigned the design of the cuff of the device to prevent two bars from coming into contact with human tissue. That contact was believed to be the cause of the strokes in the first test patients, said Michael R. Minogue, the company's president and chief executive officer.

The company also hopes to implant the hearts in patients who can be treated with blood-thinning drugs, further reducing the risk of stroke, Minogue said in a recent interview.

"We want to focus on getting the right patients and getting them home, so whatever that number is, that is what it will be," Minogue said.

The implant is expected to cost about $250,000. It is unclear whether insurance would cover it.

Abiomed eventually hopes 10 medical centers would be equipped to implant the hearts.

The devices themselves now last about 18 months, or longer than the patients receiving them can be expected to live.

On Tuesday, Minogue said the first surgeries to implant the artificial hearts would take place in six to eight months.

"It's allowed us to move forward, to make science fiction 'science fact,'" Minogue said of the FDA action. "We have a product called AbioCor that allows us to remove a person's heart and keep them alive."

The electrical current to power the device passes through the skin, without the need for wires, from a battery belt worn by the patient. The belt also can be plugged in. The device's internal batteries can go more than an hour without recharging, allowing patients to shower.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


 

Forex news - 05 September 2006
22:37 Apple hints at movie download plans
22:39 Dow closes up 5 points, Nasdaq adds 12
21:26 Dollar rises against most currencies
22:39 Appeals court upholds spammer conviction
20:59 Venezuelan lawmaker: Inflation may rise
20:52 Rates fall in weekly Treasury auction
20:41 Princess Di book on shelves Sept. 12
20:30 Russia, S. Africa agree to stronger ties
20:02 BP appoints ombudsman to hear complaints
21:25 FDA approves sale of 4,000 heart devices
18:53 FDA approves sale of 4,000 heart devices
18:35 Russia may 'suspend' its application to join WTO - Kremlin UPDATE
18:28 French govt says oil companies pledge to keep smoothing price increases at pump
18:22 Suez, GDF chiefs met EU's Kroes yesterday to discuss merger remedies
18:12 Russian govt to continue reducing Rosneft stake - presidential advisor
17:59 Polish government approves draft budget with 7.5-bln euro deficit
17:52 AFX European summary - late
17:44 Retirees, training step into labor gap
17:38 Thousands in N.Y. without electricity
17:37 Romania urges EU to reward its progress on accession goals



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