ViroPharma Incorporated, based in Exton, reported its second quarter financial results were a record. Net product sales were $109 million, buoyed by a 58% increase in sales of their Cinryze product, that brought in $40 million.

This has a positive effect on the company’s cashflow and working capital.

The company also reported working on other new products and studies of new applications for existing products.

“Overall, this was a period of substantial progress and we look forward to continued execution throughout the rest of 2010 and in the years ahead.”
Vincent Milano, ViroPharma’s CEO

The company says they do not believe that health care reform will materially impact their net sales of Vancocin or Cinryze in the near term.

Efficiencies lowered cost of sales, due to the effect of the step up in inventory recorded, partially offset from increased Cinryze volume. Cost of sales increased for the six months ended June 30, 2010 by $9.5 million as compared to the same period in the prior year due to the increase in Cinryze units sold, partially offset by the impact of the step-up on 2009 cost of sales related to the acquisition of Lev ($6.2 million).

ViroPharma tax expense for the past two quarters was $18.4 million and $5.6 million

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United Steelworkers Local 8183 expressed condolences to the loved ones of those injured and killed an explosion at Horsehead Corp. zinc processing facility in Monaca. The union announced a memorial fund to help the victims’ families.

“We are deeply saddened by the loss of our two brothers and by the injuries to two others. Nothing will ever take away all the pain, but we hope this memorial fund will in some small way help their loved ones cope with this terrible tragedy.”

- Bernie Hall, president of USW Local 8183

Investigators from the union’s Health, Safety and Environment Department were on the scene today, as were the Steelworkers’ Emergency Response Team, assisting victims’ families and local union members.

See the story at NewsBlaze.com

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Fibrocell Science, a biotechnology company, develops cell therapies for aesthetic, medical and scientific applications. They enrolled participants in their histology study of azficel-T, an autologous cell therapy.

Azficel-T is under review by the FDA for the treatment of moderate to severe nasolabial fold wrinkles. The histology study, requested by the FDA evaluates tissue treated with azficel-T compared to tissue treated with sterile saline placebo.

The company says there are 29 participants in the study. The study will also provide information about the skin after treatment, including evaluation of collagen and elastin fibrils, and cellular structure of the sampled tissues.

“The study enrollment progressed well and we are on track to complete the study and submit data to the FDA in the fourth quarter of 2010.”
- David Pernock, Chairman and CEO, Fibrocell Science Inc.

The FDA has six months to review the data submission once they deem Fibrocell’s response to their letter complete.

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Bentley Systems, based in Exton, creates comprehensive software solutions for the infrastructure that sustains our world. Last week, Bentley Systems acquired a minority interest in BLUERIDGE Analytics, provider of the breakthrough site design optimization technology called SITEOPS, that uses cloud computing to save time and cost and improves land development.

The SITEOPS application has many customers, including Lowes and Target. The web-based application, is used by civil engineers, real estate developers, and land planners to quickly perform site configuration simulations, produce preliminary cost estimates, optimize site designs, and reduce overall costs.

“We are extremely pleased to have Bentley Systems, a recognized global leader in software for sustaining infrastructure, as our largest shareholder. Bentley’s decision to make a significant investment in our company and help support our ongoing development work validates the tremendous potential of our cloud-based land development technology.”
Mike Detwiler, president and CEO, BLUERIDGE Analytics

Bentley Systems CEO, Greg Bentley, say “Though SITEOPS is still in the early adoption stage, the resourceful team at BLUERIDGE Analytics has more than proven its potential in just a few short years. Already, evolutionary computing applied to land development now sets the new standard for preliminary site design performance. Equally important, the company’s management team has demonstrated a viable cloud computing business model that many of us can learn from and perhaps help extend.”

Bentley plans to add a SITEOPS user community to its Be Communities professional networking site at communities.bentley.com, to facilitate information sharing among SITEOPS and Bentley users.

Founded in 1984, Bentley has almost 3,000 colleagues in more than 45 countries, $500 million in annual revenues, and has invested more than $1 billion in research, development, and acquisitions, since 1999.

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Exton company, KIWI Shoe Care is to hold a shoe donation drive at Grand Central Terminal, New York City, tomorrow. The event will be on the west side of Vanderbilt Hall, all day, from 7 a.m. to 5 p.m. Kiwi is teaming up with celebrity ballroom dancer, Cheryl Burke.

Donations benefit Soles4Souls, a non-profit that distributes shoes in the U.S. and more than 125 countries.

Commuters are encouraged to donate a pair of new or gently worn shoes or make a financial contribution to provide children and adults with what may be their first pair of shoes.

The first 500 donors receive gift bags containing products and coupons

KIWI Shoe Care has an ongoing shoe donation initiative. 5,000 pairs of shoes were collected in a previous drive in Philadelphia, for the benefit of Soles4Souls.

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Exton company, WPCS International is helping itself and the local economy, gaining over $7 million in new contracts. WPCS designs and builds engineering services for communications infrastructure.

The company says the new contracts are both US and International. Projects include work for New London Police Department, Central Connecticut State University, Camden City Police Department, Eagle Research, Duquesne Light, National Grid, Florida Department of Transportation, Clearwire, AT&T, Qwest, Boeing, DNV Global Energy Concepts and Infinity Wind Power.

The new international projects are in China and Australia. The Chinese projects are for Jiaxing Gas Pipeline and Shenzhen Gas Pipeline. In Australia, the project are for Stanthorpe Police, Nambour General Hospital, Clontarf Beach State High School, Oakey Hospital, Yeronga State High School, Wynnum State High School and Bremer State High School.

Jim Heinz, WCPS Executive VP says although economic conditions in general are not good, the company is seeing increased activity, an indication their market strategy and services capability gives them a competitive advantage.

The focus of WPCS is communications infrastructure, including wireless communication, specialty construction and electrical power, for their customers in public services, healthcare, energy and corporate enterprise markets worldwide.

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Local Exton company, iPipeline, recently won the 2010 FSOkx Excellence Award for Technology Innovation in Financial Services Transformation.

The win was announced at the 4^th Annual Financial Services Industry Transformation and Outsourcing Strategies Forum held last month, at the Princeton Club of New York in New York. iPipeline beat four other finalists in the Technology Innovation category for this financial services industry award.

“iPipeline’s vision is to be the leader in transforming ideas into products that revolution the life insurance industry. Winning the FSOkx Excellence Award for Technology Innovation highlights our progress in pursuing this goal.”

- Tim Wallace, iPipeline CEO

iPipeline sales distribution software is “clean technology” for insurance and financial services markets.

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