Earnings Preview: Genentech (KiplingerForecasts.com)
Genentech Inc. reports earnings for the fourth quarter on Wednesday. The following is a summary of key developments and analyst opinion related to the period.

Drug approvals in U.S. continue to decline (The News Journal)
U.S. regulators approved 18 new drugs in 2006, close to an eight-year low, as drug makers struggled to develop products for hard-to-treat disorders.

Abiomed gets EU approval for cardiac pump system (bizjournals.com via Yahoo! Finance)
Abiomed Inc. said Monday the company has received approval from the European Union to market its intra-aortic balloon and iPulse console platform.