Wednesday, April 2, 2003

What's the buzz?


Prasco looks for alliances

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It's not Duramed Pharmaceuticals anymore, but it's in the same Blue Ash offices with some of the same people.

This time, it's called Prasco Laboratories.

Thomas Arington, former chief executive officer of Duramed before it was sold to Barr Laboratories in 2001, has formed the privately held company to research and market new drug products. Prasco already has rights to several cough and cold products.

And, according to the company's Internet site, Prasco is looking for alliances that can create "new benefits for customers and patients - such as novel dosage forms and reduced drug costs."

Arington led Duramed through the often-painful 1990s, with years spent developing a conjugated estrogen product that hit the market as Cenestin.

Check's in the mail

After the feel-good opening of Great American Ball Park on Monday, the Reds and Hamilton County will turn their attention to one item of unfinished business: the third $10 million payment required of the team for ballpark construction.

Except for one thing: It won't be $10 million.

The Reds already have pulled several items out of the contract and bought them themselves. Those include the video board, replay system, playing surface and other items.

With these items costing millions of dollars, the actual payment will be substantially less than $10 million, said Reds chief operating officer John Allen.

Eric Stuckey, the county's assistant administrator for administrative services, said the team and county would talk in coming weeks about how much cash the team will pay. The payment is due on the "completion date," which most had estimated would fall about April 1.

"We're going to work with each other on that issue," Stuckey said,

Moving on up

One Tristate Internet company not only has survived, but also is moving out on its own.

Domain-It, an Internet registry for domain names, moved into a new Blue Ash office this week after several years at the Hamilton County Business Center in Norwood.

Domain-It suffered through 2000 and 2001, then spent 2002 "getting back up to speed," founder Paul Goldstone said. This year is looking good so far, he said, and the company is steadily profitable.

"We made it through," Goldstone said. "We tried to diversify, even when things were going very well with Domain-It."

That diversification includes countrycallingcodes.com, which has lured 400,000 page views a month. And mycell.com, which provides e-mails to cell phones, has reached about 32,000 users.

The company can sell ads or offer premium services on those sites, he said. It now employs eight people.

E-mail cpeale@enquirer.com




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