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WednesdayNov 10, 2010 10:05 am

Sunesis Pharmaceuticals, Inc. (SNSS) Provides Update Concerning Phase 2 Clinical Trials for Vosaroxin in AML

Today before the opening bell, Sunesis Pharmaceuticals, Inc. announced positive data from Phase 2 clinical trials of the company's lead drug candidate, vosaroxin, in combination with cytarabine, a widely used chemotherapy, in relapsed/refractory acute myeloid leukemia (AML) and as a single agent in frontline elderly AML. The data were presented today by Robert Stuart, M.D., Professor of Medicine, Division of Hematology/Oncology, Department of Medicine, Medical University of South Carolina, at the Chemotherapy Foundation Symposium XXVIII in New York City. The presentation is available to the public on the Sunesis website at www.sunesis.com. For the fully enrolled relapsed/refractory AML study, a…

WednesdayNov 10, 2010 9:43 am

CorMedix, Inc. (CRMD) Provides Third Quarter Update and Report

CorMedix, a biotechnology company with a focus on developing and commercializing therapeutic products for the prevention and treatment of Cardiorenal disease, yesterday released its financial report for the third quarter ending September 30, 2010. While the Company’s financials were what is typically seen for developmental companies, there were some noteworthy highlights in the report. More specifically, the Company announced: • Appointment of Two Key Positions: Dr. Robert D. Hopkins as Head of Clinical Operations and Project Management and Mr. Dilip Wadgaonkar Head of Product Development and Manufacturing. • Continued Advancement of Patient Enrollment in Phase II Deferiprone CRMD001 for Prevention…

WednesdayNov 10, 2010 9:26 am

CDEX Inc. (CEXI.OB) to Launch Pocket ID2 Scanner

CDEX Inc. today announced the launch of its new Pocket ID2 Scanner, a device that detects trace amounts of illegal substances. In preparation for its launch, CDEX signed a distribution agreement with Lifeloc Technologies, a leading supplier of breath alcohol testers, to sell the Pocket ID2. The company expects to begin production in December 2010. CDEX’s product specializes in detecting illegal drugs, in particular methamphetamine. Studies by the National Survey on Drug Use and Health have estimated that Crystal Meth addiction is now the largest illegal drug pandemic gripping the nation. The results of a survey conducted in 2007 by…

WednesdayNov 10, 2010 9:20 am

Maverick Minerals Corp. (MVRM.OB) Contractor Completes Drill Site Construction

Maverick Minerals Corp. announced yesterday that their Texas based contractor has completed drill site construction in preparation for the drilling of the Company's Initial Test Well later this month. Maverick contracted for the provision of location services at their drill site in Fort Bend County, Texas. The construction of location services included widening of an existing 2,000 foot access road and foundational re-enforcement with crushed limestone. Contractors also constructed the requisite drilling pad of approximately 1.5 acres in anticipation of rig mobilization. The Company has negotiated a turn-key drilling contract with a major Texas based drilling company for their initial…

WednesdayNov 10, 2010 9:01 am

Uranium Energy Corp. (UEC) Announces Initiation of Major Drilling Program at Salvo Project

Uranium Energy Corp. was pleased to announce this morning that the company has commenced a drilling program at its 100%-controlled Salvo Project in Bee County, Texas. The purpose of this initiative is to verify the historic resource as well as expand on the resource by drilling new areas of mineralization. The exploration drill plan has been split into two phases, each utilizing two rigs. The first phase will consist of approximately 50 holes, plus 5 core holes, which the company expects, with favorable results, will culminate in an updated NI 43-101 resource estimate being available during the first quarter of…

WednesdayNov 10, 2010 8:52 am

Validian Corp. (VLDI.OB) Announces Sale to U.S. Regional IT Company

Yesterday, Validian Corp. announced the sale of its Validian Protect product to an anonymous U.S. based IT/Accounting Services company. Validian Corporation, a producer of technology that provides secure access, storage and transfer of data on wired, wireless and mobile internet, among other data transfer and internet tech and services, has offices in the U.S. and Canada. The company that purchased Validian Protect wishes to remain anonymous due to its work on U.S. Government and corporate IT accounts. They have made an initial payment of $156,000 towards the license fee for the installation of Validian Protect product. Validian expects this initial…

WednesdayNov 10, 2010 8:49 am

GMX Resources Inc. (GMXR) Reports Third Quarter Update

GMX Resources Inc. reported financial results for the third quarter of 2010, along with an operational update on the company’s oil and gas exploration and development activity. GMX Resources Inc. reported net income of $2.2 million, or $0.08 per diluted share, in the third quarter of 2010 ending September 30, 2010. The company reported a net loss of $2.5 million, or $0.12 per diluted share, in the same quarter of 2009. GMX Resources Inc. produced 4.65 billion cubic feet of natural gas equivalents in the third quarter 2010, an 8% sequential increase in production from the 4.31 billion cubic feet…

TuesdayNov 09, 2010 5:02 pm

China Green Material Technologies (CAGM.OB) Posts Solid Q3 Earnings Leveraged by Increased Demand and Market Expansion

China Green Material Technologies Inc., a China-based manufacturer of starch-based biodegradable containers, today posted its financial results for the third quarter ended September 30, 2010. The company reported a third-quarter revenue increase of 43.6 percent to $6.0 million, compared to $4.2 million reported in the third quarter of 2009. The company attributes the increase to strong reorders from existing customers; the company also retained six new customers, with orders from those relationships, reflecting the company’s expansion into the supermarket sector. Su Zhonghao, CEO of China Green Materials, said rising demand for its current products paired with the introduction of new…

TuesdayNov 09, 2010 3:22 pm

OXIS International, Inc. (OXIS.OB) Commercial Manufacturer Gemini Pharmaceuticals Provides $1M Strategic Investment/Credit Line

OXIS International, www.oxis.com – the developer of revolutionary products in the fight against diseases of oxidative stress/inflammation typical of free radical and reactive oxygen species (ROS) damage, reported today a $250k strategic equity investment and $750k line of credit from leading pharmaceutical/nutrition industry giant Gemini Pharmaceuticals. Gemini has been manufacturing private label OTC’s and nutraceuticals/supplements for over 30 years and is the primary product development and manufacturing partner for OXIS. Full cGMP certification is a strong guarantee that the FDA licensed and registered Gemini, whose facility offers unmatched manufacturing precision and a full on-site laboratory, will deliver the best product…

TuesdayNov 09, 2010 3:19 pm

U.S. Patent and Trademark Office to Issue Fundamental Smart Grid Patent to Beacon Power Corp. (BCON)

Advanced energy storage systems and service provider Beacon Power Corp. received news that the U.S. Patent and Trademark Office will issue the company a fundamental smart grid patent. The patent will be the underlying technology of the new Beacon Power SmartLink™ system, which, according to the company, may be used in a broad range of existing and future distributed generation (DG) applications. The Beacon Power SmartLink™ system may be useful whenever grid instability occurs during an outage or in support of a broad range of customer markets and applications. Currently, the majority of DG resources automatically turn off when a…

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