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ThursdayMar 06, 2008 2:32 pm

AVANIR Pharmaceuticals (AVNR) Announces Agreement to Sell Portfolio of Human Monoclonal Anthrax Antibodies

AVANIR, a pharmaceutical company focused on acquiring, developing, and commercializing novel therapeutic products for the treatment of chronic diseases, announced that it has carried out a definite agreement to sell its collection of human monoclonal anthrax antibodies to Emergent BioSolutions. Emergent also acquired AVANIR’s AVP-21D9 (a fully human monoclonal antibody developed using the Xenerex Technology platform and AVANIR’s lead candidate) as well as other anthrax antibodies. Potentially, AVANIR may receive up to $1.75 million in upfront payments, including royalties on annual net sales if the product goes commercial. Greg Flesher, Vice President of Business Development for AVANIR Pharmaceuticals said, “Emergent…

ThursdayMar 06, 2008 2:31 pm

GenVec (GNVC) Announces SBIR Grant Approval from NIAID

GenVec (www.genvec.com), a biopharmaceutical company developing novel therapeutic drugs and vaccines, announced that it has received a Phase I Small Business Innovation and Research grant from the National Institute of Allergy and Infectious Diseases of the National Institutes of Health to assist GenVec’s work to create novel adenovector-based vaccines for HSV-2 (a virus of genital herpes). The SBIR grant will support development being administrated at Gen Vec, the Vaccine and Infectious Disease Institute at Fred Hutchingson Cancer Research Center, and the University of Washington. Dr. Rick King, GenVec’s Senior Vice President of Research and Development commented, “HSV-2 continues to be…

ThursdayMar 06, 2008 1:03 pm

Rudy Nutrition (RUNU.PK) is "One to Watch"

Rudy Nutrition creates, distributes and licenses “Rudy” branded products that are designed to appeal to parents, kids, athletes, and active people who are seeking alternative healthy choices. The management of the company is committed to incorporating policies to ensure a return on investment to shareholders. Rudy! Rudy! Flying Colors(TM) and Rudy Revolution(TM) are the first to be included in a new line of low-sugar, high nutrition fortified beverages. Each product is invigorated by the inspirational message of “never give up” captured in the movie “Rudy,” and made with a health-enhancing blend of vitamins, electrolytes, minerals and carbohydrates. Daniel Ruettiger, President…

ThursdayMar 06, 2008 12:17 pm

Famous Uncle Als Hot Dogs & Grille Inc. (FDOG.OB) Offers Many Advantages

This restaurant franchise offers entrepreneurs the chance to own and operate their own Uncle Al’s Hot Dog Grille. They give individuals and businesses the opportunity to own multiple units and become regional developers in their area with exclusive territory rights. Therefore, it is easy to see the growth potential for Famous Uncle Al’s Hot Dogs. What makes the Franchise network at Uncle Al’s so unique is the fact that products are manufactured previous to being distributed to the franchisees. They run a clean supply chain to the franchise stores. Products are sent directly from their facilities to distributors who deliver…

ThursdayMar 06, 2008 12:07 pm

Smith Micro Software Inc. (SMSI) Stock Up 25% on Q4 Profits

Smith Micro Software Incorporated reported yesterday that its fourth quarter earnings beat market estimates. Morgan Joseph analyst Kevin Dede said, “The rise in shares was due to the earnings beat and covering of short positions by investors.” Smith Micro earned 25 cents a share, excluding items, for the fourth quarter, while analysts on average were expecting earnings of only 20 cents a share, excluding special items, according to Reuters Estimates. Looking forward, the company also said that it is expecting revenue of $95 million to $105 million for fiscal ‘08, analysts are expecting revenue of $102.7 million. The earnings release…

ThursdayMar 06, 2008 11:17 am

WW Energy Inc. (WWNG.PK) Signs Letter of Intent to Acquire Property Expected to Generate Cash Flow of $500,000 per month

Arizona-based WW Energy Inc. (Pink Sheets: WWNG) today announced it has signed a Letter of Intent to acquire Producing Wells in Terry County, Texas. As a holding company in the business of acquiring oil and gas service companies and related assets, WW Energy is conducting an engineering study expected to be completed in the near future. According to the press release, the opportunity to acquire a stake in the Producing Wells is expected to generate a cash flow near $500,000 per month for WW Energy. Drilling of the fields commenced in 1999, and since then, more than 50 wells have…

ThursdayMar 06, 2008 11:12 am

Burned Media Ltd. (BUNM.PK) Up 100% in Wednesday Trading

Yesterday, shares of Burned Media Ltd. gained 100% after a wild day on Wall Street. This came after they announced that hypster.com, the company’s music discovery property, had crossed the 250,000 registered user mark. On the same day, the company released news that it had also received approval for its Hypster Facebook music discovery application. After an extended beta period where the company has seen close to 5,000 new downloads of the Hypster Facebook music discovery application, the company submitted the software for inclusion into the directory of available applications on the popular social media platform, and received approval. The…

ThursdayMar 06, 2008 9:53 am

Sharpeyed Featured Company: Gencor Industries, Inc. (GENC) Quietly Driving Toward Becoming a “Name”

Sometimes market plays come along that you wish you had known about way back when, those invisible stocks that just go under the radar. Then, quietly they become something interesting. They say “it’s always the quiet ones” and it sometimes is, especially when you want to drive your potential profit all the way to the bank…on asphalt. Gencor Industries Inc., an asphalt plant manufacturer and fuels company, offers a full range of asphalt equipment and fuels to a diversified base of customers. The company’s main focus, however, is road building with all manner of asphalt processing, systems and storage equipment.…

ThursdayMar 06, 2008 9:46 am

EXACT Sciences Corp. (EXAS) DNA Technology Included in Colorectal Cancer Screening Guidelines

EXACT Sciences Corp. (NASDAQ: EXAS) today announced its stool-based DNA (sNDA) technology is included in updated guidelines concerning colorectal cancer screening from the American Cancer Society and the U.S. Multi-Society Task Force on Colorectal Cancer. In a collective statement, Dr. Sidney Winawer, attending gastroenterologist, and Paul Sherlock, chair in medicine at Memorial Sloan-Kettering Cancer Center, said new guidelines were set in place to urge more people to take the tests. "In addition to colonoscopy and other previously recommended tests, two new options have been included in the guidelines for colorectal cancer screening; stool DNA testing and CT colonography," they stated…

ThursdayMar 06, 2008 9:42 am

OpenTV Corp. (OPTV) Launches “First-of-its-Kind” Integrated Digital Experience

OpenTV Corp. (NASDAQ:OPTV) provides digital television solutions worldwide, creating and delivering interactive digital content experiences to its consumers. The company recently announced the launch of AUSTAR PVR, called MyStar, which will allow viewers to access PVR functionality through terrestrial and satellite subscription television services through one box. MyStar is a quad tuner set-top box featuring two satellite tuners and two terrestrial tuners, making it the “first-of-its kind” integrated PVR service for AUSTAR subscribers. The company’s Core2 and PVR2 technologies create the interfaces needed to seamlessly combine satellite and terrestrial signals, allowing viewers to switch between satellite and terrestrial signals. "OpenTV…

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