Pharmaceuticals Instruments industry news provided by Financial News USA (OTC: FNWU). Abbott (NYSE:ABT) recently announced it has signed an exclusive agreement with Cincinnati Children's Hospital to develop a urine-based diagnostic assay to detect kidney injury and disease using the protein neutrophil gelatinase-associated lipocalin (NGAL). NGAL is a biomarker that has been reported to be valuable in assisting physicians in rapidly and accurately diagnosing acute kidney failure in a matter of hours compared to current tests that may take up to several days. The Board of Directors of Schering-Plough Corporation (NYSE: SGP) recently declared a quarterly dividend of 5.5 cents per common share. Payment will be made on Aug. 29, 2006, to shareholders of record at the close of business on Aug. 4, 2006. As of March 31, 2006, there were 1,481,050,377 common shares outstanding. The Board of Directors recently also declared a quarterly dividend of 75 cents per share on the 6% Mandatory Convertible Preferred Stock.

Bristol-Myers Squibb Company (NYSE: BMY) recently announced the promotion of Tim Ravenscroft to president, Bristol-Myers Squibb Medical Imaging. As president, Mr. Ravenscroft will have responsibility for all aspects of the worldwide Bristol-Myers Squibb Medical Imaging business. He will report to Health Care Group President John Celentano. Mr. Ravenscroft will be based at Bristol-Myers Squibb Medical Imaging's global headquarters in N. Billerica, Massachusetts. CytoDyn, Inc. (OTCBB:CYDY) was advised recently that Team Hope, the charity bicycle riders sponsored by the Company, earned $10,910 for the Emory Vaccine Center during this year's Action Cycling 200, a challenging two-day, 200-mile bicycle ride that took place the weekend of May 20-21, 2006 in Georgia. This is as compared to $6,545 contributed by the next highest earning team. A total of $55,463 was raised for the Vaccine Center at Emory University.

About Financial News USA

Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com Contact Information:

Financial News USA

Tel: (626) 961-8041

Email: info@financialnewsusa.com

Source: financialnewsusa