Blog - Page 3754 of 5436

MondayNov 30, 2009 8:57 am

Incyte Corp. (INCY) Inks License Agreement with Novartis for Oncology Treatment

Incyte Corp. is a development company focused on oncology, inflammation and diabetes treatments. The company recently announced an agreement with Novartis regarding two of its investigational hemotology-oncology therapies. INCB18424 is an oral inhibitor in phase III development for myelofibrosis, a potentially fatal condition that includes bone marrow failure, splenic enlargement and debilitating constitutional symptoms. INCB28060 is an oral inhibitor that will soon be in phase I development as treatment for multiple cancers. The license and collaboration agreement calls for Incyte to keep the exclusive rights for the development and commercialization of INCB18424 in the United States. Novartis will be responsible…

MondayNov 30, 2009 8:48 am

Derma Sciences, Inc. (DSCI.OB) Plans Reverse Stock Split

Last week, specialty medical device and pharmaceutical company Derma Sciences, Inc. announced that its shareholders granted Derma Sciences' Board of Directors the authority to implement a reverse stock split in the range of 1-to-5 and 1-to-10. Derma Sciences' Board of Directors anticipates the reverse split to occur in the near future. The precise reverse split ratio will be determined in accordance with the then prevailing market conditions. For the 20-day period following implementation of the reverse split, Derma Sciences' ticker symbol will be "DSCID" to reflect the post-split price. Following that period, the ticker symbol will revert to "DSCI." Ed…

MondayNov 30, 2009 8:46 am

GWS Technologies, Inc. (GWSC.OB) Slated to Begin Distribution of Solaranda™ Technology

Alternative energy company GWS Technologies, Inc. recently announced that it is anticipated to begin distribution of the Solaranda™ Solar Shade Structure, a project that contributes to their ongoing development of solar and wind-powered renewable energy products and solutions. The Solaranda™, a shade structure that integrates solar photovoltaic panels into roof structures, provides both shade and electricity for homes and businesses. Already, the systems have been pre-engineered to meet countrywide building code requirements. The Solaranda™ kits include steel interior beams and posts with an aluminum covering that provides a lifetime warranty and No-Maintenance structure for the solar panels. Michael Coskun, Vice…

MondayNov 30, 2009 8:41 am

Even the Bond Market Requires Due Diligence

Most investors are aware that a balanced portfolio of stocks, bonds and other investments offer the best method of investment stability, and (likely) profitability over time. Some might say bonds offer the most safety along with treasuries of a like nature. In many instances, this may be true. But in others it may be less so. Where a currency is based on trust and a country’s ability to support that currency through borrowing (where the gold standard does not apply), bonds rely on the ability to pay rate of return. If the rate of return is not supported, the bond,…

WednesdayNov 25, 2009 3:37 pm

Omnicity Corp. (OMCY.OB) Ensuring Effective Support for Growing Customer Base

Omnicity Corp., best known as the Midwest’s largest fixed Wireless Internet Service Provider, also provides a wide range of basic computer and networking services for both business and residential customers. These services have become increasingly important as the company rapidly expands its ISP base because customers generally prefer support from someone that can work directly with the ISP provider for network-related problems or setup issues. The fast growing company specializes in bringing broadband services to non-urban areas, previously underserved, and their basic repair and networking services augment this. Omnicity’s in-house and on-site computer repair services are considered trusted and high-quality.…

WednesdayNov 25, 2009 3:22 pm

Clenergen Corp.’s (CRGE.OB) Management Leads Innovative Push into Renewable Energy

Clenergen Corp. is approaching the renewable energy/biofuels sector from a unique perspective - an agronomy/ plantation standpoint rather than from a purely technical/engineering standpoint. Clenergen's goal is produce high-density, short-rotation biomass (non-food) crops to use as feedstock for advanced gasification technologies to produce electricity. The company is led by an outstanding management group. Here is a brief overview of the team: Dr. Arvind Pandalai, Non-Executive Group Chairman Dr. Pandalai has 32 years of experience in a number of areas including: international trading, export and import management, market research, joint ventures, strategic planning, project and financial management. He has also won…

WednesdayNov 25, 2009 1:47 pm

Spending Growth Rises as Inflation Seems Manageable to Fed Despite Job Market

Several recent data points indicate consumer confidence is on the mend, promising signs of an economic recovery. The Commerce Department reported today a 0.7% rise in consumer spending for last month, which is a good turnaround from the 0.6% decline in September. With income also up 0.2%, marking the second month of rising income, and the best performance yet since the August jump of 1.3% when the Cash for Clunkers program kicked off, the spending environment is starting to loosen. Because consumer spending accounts for nearly 70% of economic activity, this rebound in spending is a good indicator of the…

WednesdayNov 25, 2009 11:10 am

Stock Guru Featured Company: Quasar Aerospace Industries, Inc. (QASP.PK)

Quasar Aerospace Industries, Inc. is the holding company for a group of aviation related entities that strengthens the company through their union. Quasar is focused on retaining the individual corporate cultures of their wholly owned subsidiaries while reaping the synergistic benefit of their combined union. Quasar Aircraft Company (QAC) is a Nevada corporation owned by the current principals of QAI. QAI will be responsible for the manufacture of the Very Light Jet (VLJ) and a new advanced trainer aircraft. Quasar Aircraft Company is developing a four seat trainer aircraft and will be the developer of a twin engine, six seat…

WednesdayNov 25, 2009 11:01 am

Stock Guru Featured Company: DecisionPoint Systems, Inc. (DNPI.OB)

DecisionPoint is focused on developing enterprise wireless and mobile computing solutions for customers’ needs. In short, they bring the field workers into office in real time. Crucial information and transactions are immediately transmitted, improving accuracy and efficiency for the client. The enterprise mobile computing industry has standardized several key technologies over the past several years and DecisionPoint has been front and center in this evolutionary process in adapting mobile units to customer’s needs. The company has well established itself in this industry and when opportunity knocked in the Field Mobility niche Decision Point was prepared to answer the call. DecisionPoint’s…

WednesdayNov 25, 2009 10:57 am

Wake Forest Bancshares, Inc. (WAKE) Reports Profitable Fiscal Year

Wake Forest Bancshares, Inc. reported net income of $180,000, or $0.16 per share, in the fiscal year ending September 30, 2009. The bank earned $1.0 million, or $0.87 per share, in fiscal 2008. Wake Forest Bancshares, Inc. attributed the weaker results to lower net interest margins, and an increase in net charge offs due to the recession. Wake Forest Bancshares, Inc. reported total assets at the end of fiscal 2009 of $112.2 million, and loans outstanding of $71.2 million. The company also saw a higher assessment from the Federal Deposit Insurance Company (FDIC) for payments to the deposit insurance fund.…

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