Blog - Page 3624 of 5701

TuesdayDec 21, 2010 9:46 am

Sunesis Pharmaceuticals, Inc. (SNSS) Launches Phase 3 VALOR Trial for Vosaroxin Drug

Today, Sunesis Pharmaceuticals, Inc. released updates on its pivotal Phase 3 VALOR trial of vosaroxin, the company’s lead drug candidate in the study of acute myeloid leukemia (AML). Sunesis announced that the first patient has been randomized and dosed with blinded study treatment. The VALOR trial is a multinational, randomized, double-blind, placebo-controlled, pivotal trial which is expected to enroll 450 evaluable patients at leading sites in the U.S., Canada, Europe, Australia and New Zealand. Patients in the VALOR trial will be randomized in blinded manner to receive either vosaroxin or placebo on days one and four of each treatment cycle.…

TuesdayDec 21, 2010 9:43 am

Ivanhoe Energy Inc. (IVAN) Reports Successful Natural Gas Well in China

Ivanhoe Energy Inc. reported the successful completion of a natural gas well at the company’s properties in China. Ivanhoe Energy Inc. said that the Yixin-2 well produced natural gas at a peak rate of 13 million cubic feet per day, with average production between 9 and 10 million cubic feet per day during a 24 hour test period. The well targeted the Xu-4 formation and has been shut in to allow pressure build up. Ivanhoe Energy Inc. reported that the Yixin-2 well was drilled and completed on the Zitgong block located in Sichuan, China. The Zitgong block is approximately 660,000…

TuesdayDec 21, 2010 9:13 am

American Surgical Holdings, Inc. (ASRG.OB) Enters Into Definitive Merger Agreement

American Surgical Holdings, Inc. announced yesterday that they entered into a definitive merger agreement. With the agreement, American Surgical will be acquired and taken private by AH Holdings Inc., an affiliate of Great Point Partners, I LP (GPP), a Greenwich, Connecticut-based private equity fund. At the closing of the transaction, American Surgical's stockholders will receive $2.87 per share in cash, which represents a 205 percent premium to the average daily trading price of $0.941 over the 90 days prior to the execution and public announcement of the transaction. The closing price of the Company's common stock on the last trading…

TuesdayDec 21, 2010 9:10 am

Omnicity Corp. (OMCY.OB) Releases First Quarter Financial Results

The Midwest's largest and fastest growing fixed Wireless Internet Service Provider, Omincity Corp., has released its first quarter financial results through October 2010. Revenues for the 1st quarter of 2010 increased 105%, rising from $617,000 in 2009 to $1.26 million this quarter. Cash flow improvements were even more dramatic, with Omnicity posting its first ever EBITDA positive quarter of $40,000 compared to negative $395,000 for the first quarter of last year and negative $17,000 for the fourth quarter of 2010. The results come as the latest in a series of five continually improving cash flow quarters. The success is attributed…

TuesdayDec 21, 2010 8:48 am

Simulated Environment Concepts, Inc. (SMEV.PK) SpaCapsule to be Featured in Hammacher-Schlemmer and FrontGate Publications

Simulated Environment Concepts, the manufacturer and developer of medical, aesthetic and wellness equipment, today announced that its flagship SpaCapsule has been included in the prestigious Hammacher-Schlemmer and FrontGate publications as increased interest continues to emerge during the holiday season. “We are very excited to have SpaCapsule included in such prestigious publications at a time when the holiday season is approaching and personal interest in the machine is on a rise,” stated Dr. Ilya Spivak, Marketing Director of Simulated Environment Concepts (SE Concepts) and Co-Inventor of the SpaCapsule. “We have seen a steady increase in orders over the past several weeks…

MondayDec 20, 2010 2:49 pm

True 2 Beauty, Inc. (TRTB.PK) Ramps Up Production

To get an idea of the anticipated growth of True 2 Beauty, makers and distributors of Libigrow and other sexual potency products, you may want to consider their recently announced production scale up. Of particular interest is the increased production capacity that will be offered by two custom-built machines to be installed in a brand new production facility just acquired in California. The 10-line packaging machines will together be capable of turning out a whopping 20,000 packages every hour, in a packaging process proprietary to Libigrow. If you do the math, that comes out to roughly 5 packages a second,…

MondayDec 20, 2010 2:46 pm

Pernix Therapeutics Holdings, Inc. (PTX) Forms Joint Venture with SEEK to Develop Cough Treatment

Pernix Therapeutics Holdings Inc., an integrated specialty pharmaceutical company focused primarily on the pediatric market, today announced its new joint venture with SEEK, a leading UK private drug discovery group. The companies have licensed or assigned all of their relative intellectual property to the joint venture to undertake the late-stage development and registration of BC1036, a first-in-class drug designed to address the serious need for a safer and more effective, non-opioid treatment for persistent cough. According to today’s announcement, persistent cough is a very common condition, though the cough market has seen little to no innovation over the past 20…

MondayDec 20, 2010 2:34 pm

Synthesis Energy Systems Inc. (SYMX) Completes Gasification Testing, Moves toward Licensing Agreement

Synthesis Energy Systems Inc., a global energy and gasification technology company, today announced it has completed a commercial-scale demonstration test in which more than 2,000 tons of high ash coal from Queensland, Australia were gasified at its Zao Zhuang plant in Shandong Province, China. Synthesis Energy conducted the test in response to the significant interest it has received from Ambre Energy of Australia, which has plans to build a coal-to-gasoline/LPG plant with a capacity of 18,000 barrels per day. During the test, Synthesis Energy efficiently processed Ambre's low-to-medium rank, 42.6% ash content coal. Synthesis said the syngas produced during the…

MondayDec 20, 2010 2:32 pm

EarthLink, Inc. (ELNK) Moves to Acquire One Comm, Adjusts Quarterly Dividend Rate

EarthLink, www.earthlink.net – the widely-known IP infrastructure and services provider, reported a definitive merger agreement to acquire integrated telecom firm, One Communications Corp. ("One Comm"), for $370M. Chairman and CEO of ELNK, Rolla P. Huff, called the acquisition a dominant play which scoops up the infrastructure of One Comm, a dominant force in the market across much of the Eastern US and integrates it into the newly formed EarthLink Business division. The merger, which was approved by the Board of Directors of each company, as well as One Comm’s stockholders, puts ELNK in control of a massive nationwide IP network…

MondayDec 20, 2010 11:47 am

BrainStorm Cell Therapeutics, Inc. (BCLI.OB) Gets Funding for Its Adult Stem Cell Technology

BrainStorm Cell Therapeutics Inc. is a leading developer of adult stem cell therapeutic products. The company holds the global rights to develop and commercialize its core technology – NurOwn – which was developed at Israel's Tel-Aviv University. The NurOwn technology processes adult human mesenchymal stem cells that are present in bone marrow. These cells are capable of self-renewal as well as differentiation into many other cell types. The technology is highly attractive for treating spinal cord injuries, multiple sclerosis, Parkinson's disease and ALS – Amyotrophic lateral sclerosis, which is widely known as Lou Gehrig's disease. The company announced today that…

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