WednesdayJun 06, 2012 1:41 pm

Baby All Corp. (BABA) Changes Name to Santa Fe Petroleum, Shifts to Focus on Hydrocarbon Development/Production

Baby All, previously known for advancing key IP/technology for a novel infant medicine dispenser, announced today that, pursuant to the May 11 reverse merger (and effective as of May 21), the company has effectively changed names to Santa Fe Petroleum, Inc. This marks a new beginning for the company as a strategic focus on hydrocarbon development becomes the central and sole priority for BABA’s operating model. The primary target for operations are undeveloped oil and gas that may be in a trend of known, producing formations, something which yields opportunities for untapped, virgin reservoir pressures and the associated commercial potential…

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WednesdayJun 06, 2012 12:52 pm

Innovaro, Inc. (INV) May Sell Some of Its Divisions

Innovaro is a business focused on helping its clients to innovate and grow. In other words, an innovation solutions firm. The company offers a comprehensive set of consulting services and software to assure the success of any innovation project, regardless of the size or intent. The company announced today that it has entered into a non-binding letter of intent for the sale of its PharmaLicensing/Transfer, Global Licensing and Knowledge Express operating divisions to IPFlow International LLC. IPFlow says it will focus on expanding the divisions and extending the business model for licensing partnerships and new market opportunities. The price IPFlow…

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WednesdayJun 06, 2012 8:11 am

pSivida Corp. (PSDV) Announces Marketing Authorization for ILUVIEN® in Portugal for the Treatment of Chronic Diabetic Macular Edema

pSivida, a leader in developing sustained release, drug delivery products for treatment of back-of-the-eye diseases, announced today it has been granted marketing authorization for ILUVIEN® from the National Authority of Medicines and Health Products (Autoridade Nacional do Medicamento e Produtos de Saúde, Infarmed) for the treatment of vision impairment associated with chronic diabetic macular edema (DME) considered inadequately responsive to available therapies. The company has been granted this marketing authorization after completing the Decentralized Regulatory Procedure (DCP) in the European Union. In the DCP, the Medicines and Healthcare products Regulatory Agency in the United Kingdom, serving as the Reference Member…

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TuesdayJun 05, 2012 4:21 pm

Intelligent Living Corp. (ILVC) Launches Energy Efficient “Spirit” Modular Designed Buildings for First Nations and Emergency Relief

Intelligent Living Corp. provides green building solutions, specializing in home automation and control technology systems, as well as energy efficient housing. The company today announced the launch of its “Spirit” series of modular designed buildings with the needs of First Nations communities and emergency relief in mind. Intelligent Living’s energy efficient modular buildings pre-fabricated and shipped flat packed so they can be site erected within days. The company also today announced that it is in advanced discussions with one of the west coast’s largest First Nations-owned forestry and timber supply companies regarding the joint undertaking of production and market development.…

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TuesdayJun 05, 2012 3:30 pm

MRI Interventions, Inc. (MRIC) Announces First-Time Use of ClearPoint® System for MRI-Guided Brain Biopsy

MRI Interventions, creator of innovative platforms designed to enable minimally invasive surgical procedures in the heart and brain, today announced the first use of the company’s ClearPoint® system in an MRI-guided brain biopsy. The system provides physicians with guidance for the placement and operation of surgical instruments used during neurological magnetic resonance imaging (MRI) procedures. Simply put, when a physician uses the ClearPoint system, he/she aims the system at the neurological target of choice, and watches via MRI as the surgical instrument is advanced to the target. ClearPoint is applicable for a range of procedures, including biopsies and catheter and…

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TuesdayJun 05, 2012 12:48 pm

Oraco Resources, Inc. (ORAC) Reports on High Grade Kimberlite Diamond Findings at Neighboring, Geologically Analogous Acreage

Diamond-focused mineral E&D, Oraco Resources, was pleased to report on significant finds of high-grade diamonds in the geologically analogous kimberlite dykes of neighbors Stellar Diamonds and Koidu Holdings (a BSG Resources LTD subsidiary) today, both of whom operate within two miles of ORAC’s 50 sq km concessions in the Nimini Hills area of the Kono District, in eastern Sierra Leone. Stellar Diamonds operates their Kono Project just under a mile east and then up to the north for about three and a half miles of ORAC’s Nimini Hills holdings and offered exceptional results from the completed bulk sampling from their…

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TuesdayJun 05, 2012 9:01 am

diaDexus, Inc. (DDXS) Reports Strong Year-over-Year Growth for Q1 2012

diaDexus, based in South San Francisco, California, is focused on the development and commercialization of proprietary cardiovascular diagnostic products addressing unmet needs in cardiovascular disease. DDXS is the successor to a company initially formed as a joint venture between SmithKlineBeecham Corporation and Incyte Pharmaceuticals, Inc. Upon formation, SmithKlineBeecham Corporation granted DDXS an exclusive license to certain diagnostic intellectual property, including Lp-PLA2, an inflammatory marker of cardiovascular risk. DDXS markets two primary products, one in the United States and one in Europe. In the United States, the company’s PLAC® Test ELISA Kit is the only blood test cleared by the FDA…

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MondayJun 04, 2012 4:33 pm

Data Storage Corp. (DTST) and Fortress Data Management Team to Expand Midwest Market Reach

Data Storage, a company engaged in cloud storage and cloud computing, today announced it has signed a master distributor agreement with Fortress Data Management in a strategy to expand its service offerings throughout the Midwest region. Per the agreement, Data Storage will provide Fortress's backup and recovery customers with customer services for IBM iSeries/AS400 server environments. Data Storage also will provide marketing and sales support services, such as online marketing and co-branded participation in industry events. Fortress focuses on data management, compliance, security, and business continuity plan development and consulting. Fortress Data Management serves institutions and professional clients in the…

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MondayJun 04, 2012 4:24 pm

Visualant, Inc. (VSUL) and Sumitomo Precision Products Ink Joint Development Agreement for Commercialization of SPM Technology

Visualant, a company engaged in color-based identification and diagnostic solutions, today announced the signing of a suite of agreements with Sumitomo Precision Products Co., Ltd. (SPP) of Japan. The agreements center on Visualant’s optical sensing and data capture technology, Spectral Pattern Matching (SPM), which Visualant develops and distributes through wholly owned subsidiary TransTech Systems Inc. SPP, a publicly listed Japanese corporation, will invest US $2.25 million into Visualant in exchange for 17,307,693 shares of restricted common shares priced at $0.13 per share. In addition, the companies have inked a one-year joint development agreement regarding the commercialization of Visualant’s SPM technology…

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MondayJun 04, 2012 4:04 pm

Ballard Power Systems, Inc. (BLDP) Announces Trial Plan for Backup Power Systems

Ballard Power Systems began the week by announcing an operational trial plan for its fuel cell backup power systems in the China Mobile telecommunications network. The company expects that successful trial activity will lead to commercial deployments of Ballard systems in the China Mobile network. The trials will focus on adaptability and durability of the fuel cell system as a widespread replacement for existing lead acid batteries located at outdoor telecom base station sites within the China Mobile network. Ballard's backup power company, Dantherm Power, is delivering a total of 50 DBX2000 backup power systems for deployment to 30 network…

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