Business briefs

Aug. 08, 2013 @ 06:33 PM

Colin Powell, Cisco CEO to speak at NC CEO Forum 

RALEIGH – Former Secretary of State and retired U.S. Army Gen. Colin Powell and John Chambers, chairman and CEO of Cisco Systems Inc., are both slated to speak at the fifth annual NC CEO Forum on Aug. 22.

They are expected to address more than 400 North Carolina CEOs and executives at the event at North Ridge Country Club in Raleigh.
The list of speakers and panelists also includes Deirdre Connelly, president of North America Pharmaceuticals for GlaxoSmithKline; Tom Pike, CEO of Durham-based Quintiles; and Brad Wilson, president and CEO of Blue Cross and Blue Shield of North Carolina.
Speakers at past forums have included Jack Welch in 2012, Jim Collins in 2011, Ben Cohen and Jerry Greenfield in 2010, and Steve Forbes in 2009.
This year’s conference will also include a charitable component. There will be a raffle to raise money for N.C. Arts in Action and the Make-A-Wish Foundation of Eastern North Carolina.
Attendance is by invitation only. Business leaders can request an invitation online at

BioCryst shares fall 13 percent on 2Q earnings
DURHAM – Shares in Durham-based drug development company BioCryst Pharmaceuticals were down 13 percent Thursday, the day it released its second-quarter results.
The company reported a narrower net loss for the quarter of $12.2 million, which was down from the net loss of $12.3 million that the company saw in the quarter last year. Its revenues were down 80 percent to $821,000.
Revenues were down due to a decline in reimbursable payments for a flu antiviral it was developing under a contract with the Biomedical Advanced Research and Development Authority, a division of the U.S. Department of Health and Human Services. The company said it saw a decline in reimbursable expenses for the anti-viral candidate.