TuesdayDec 22, 2009 1:13 pm

Shire plc (SHPGY) Submits License Application for REPLAGAL®

Shire plc, a global specialty biopharmaceutical company, today announced that it has submitted a Biologics License Application (BLA) with the FDA for REPLAGAL®, the company’s enzyme replacement therapy for Fabry disease. REPLAGAL first received marketing authorization in the EU in 2001, and is approved for the treatment of Fabry disease in 45 countries. Fabry disease is a rare X-linked recessive (inherited) lysosomal storage disease that can cause a wide range of systemic symptoms. The disease interferes with the body's ability to break down a specific fatty substance (globotriaosylceramide or Gb3) which accumulates within the body due to deficiency of a…

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TuesdayDec 22, 2009 1:06 pm

November Existing Home Sales Soar 7.4 Percent

After surging 10% in October, sales of existing homes jumped again in November rising by 7.4%. The level of existing home sales hit the highest level since February 2007, a sign that perhaps the housing market is gaining strength. Sales are now up 46 percent from the bottom in January, but still down 10 percent from the peak more than four years ago. The surprisingly strong sales figures were spurred in large part by low interest rates and first-time home buyers looking to take advantage of the $8,000 federal tax credit. About 2 million homebuyers have taken advantage of the…

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TuesdayDec 22, 2009 12:09 pm

A-Power Energy Generation Systems, Ltd. (APWR) Signs $86M Contract with Thailand’s Biomass Electricity to Construct a 150MW Biomass Plant

A-Power Energy Generation Systems, Ltd., China’s biggest distributed energy (DG) systems provider, revealed today the signing of a major DG contract with Thailand's Biomass Electricity Co., Ltd. (TBE) to construct a 150-megawatt (MW) biomass plant in Prachinburi, approximately 75 miles east of Thailand’s capital Bangkok. The Company brings its vast knowledge of DG systems engineering, as evinced by its extant projects and recent major foray into wind turbine manufacturing, to bear squarely on Thailand’s growing demand for environmentally-friendly energy. The biomass plant contract encompasses all major aspects of execution, from design to the procurement and installation of the three main…

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TuesdayDec 22, 2009 10:15 am

SCI Engineered Materials, Inc. (SCIA.OB) Awarded Grant to Commercialize Products for Solar Industry

SCI Engineered Materials, Inc. announced today that it has been awarded $775,400 by the Ohio Department of Development's Ohio Third Frontier Photovoltaic Program (OTFPVP). The grant was awarded for the commercialization of advanced technology for high power density rotatable ceramic sputtering targets. These targets are used to manufacture thin film photovoltaic solar cells. The award is still subject to State of Ohio Controlling Board approval. Scott Campbell, Ph.D., Vice President of Technology, stated, "We are pleased to have been selected by Ohio's Third Frontier Photovoltaic Program to help commercialize the high power density ceramic sputtering target attachment technology that SCI…

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TuesdayDec 22, 2009 9:56 am

BIO-key International, Inc. (BKYI.OB) Announces Appointment of Cecilia Welch as Chief Financial Officer

BIO-key International, Inc., a leading developer of advanced finger-based biometric identification solutions, recently announced the appointment of Cecilia Welch as the company’s vice president and chief financial officer, replacing chairman Tom Colatosti, who had been serving as the interim chief financial officer. Previously serving as BIO-key International’s corporate controller since 2007, Ms. Welch has more than 20 years of financial management experience in the technology industry. Prior to her role at BIO-key, Ms. Welch held the position of controller for other leading technology-based companies, including Savaje Technologies, Crystal Systems and ATN Microwave (acquired by Agilent Technologies). Ms. Welch earned her…

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TuesdayDec 22, 2009 9:08 am

Insight Management Corp. (ISIM.OB) and Subsidiary Report Favorable Market Conditions

After a review of industry conditions, Insight Management Corporation announced that increased oil and gas leasing and drilling activity has been creating new opportunities to add new business and increase sales to existing customers. Wholly owned Insight Management subsidiary Rebel Testing, Inc. is taking advantage of the exploration and production upswing to generate additional revenue and increase market share for its natural gas well servicing business. Oil prices have more than doubled in the last year, and gas futures have risen approximately 93% from lows reached in September 2009. Oil and gas rig counts decreased over the past year, but…

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TuesdayDec 22, 2009 9:00 am

Clarient, Inc. (CLRT) Closes Purchase of Applied Genomics

Clarient, Inc. reported that it closed on its purchase of Applied Genomics, Inc., a private biotechnology company, in a stock deal worth $17.6 million. Applied Genomics, Inc. is headquartered in Huntsville, Alabama. “Applied Genomics and Clarient represent a strong strategic and technological fit providing for multiple proprietary tests that can be commercialized via the Clarient national footprint," said Ron Andrews, the CEO of Clarient, Inc. Clarient, Inc. acquired all the ownership interests in Applied Genomics, Inc. in exchange for 7.6 million shares of Clarient common stock. Clarient, Inc. will transfer 4.4 million shares immediately, and 3.2 million shares will be…

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TuesdayDec 22, 2009 8:36 am

Aquentium Inc. (AQNM.OB) Announces Distribution Opportunity for Sanitation and Water Purification Treatment Equipment

Aquentium Inc. recently announced distribution opportunities for its line of ozone sanitation and water purification treatment equipment for use in Mexico. Aqentium’s ozone sanitation and water treatment equipment is designed to improve the country’s food and water safety standards by preventing contamination of water, produce, seafood, meat and any other food products. Reducing the threat of contamination in the country itself is expected to improve the safety standards internationally as well. The company said that through its non-chemical process, it can purify water and extend the shelf life of food products, while protecting from many contaminants. Ozone is generated from…

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TuesdayDec 22, 2009 8:34 am

Soligenix Inc. (SNGX.OB) Launches Clinical Trial for Gastrointestinal Conditions

Soligenix Inc., formerly known as DOR BioPharma Inc., is a late-stage biotechnology company focused on developing products to treat potentially fatal side effects of cancer treatments, as well as for serious gastrointestinal diseases and vaccines for bioterrorism agents. The company yesterday announced it has commenced a phase ½ clinical trial to evaluate the safety and maximal tolerated dose of SGX201 for the prevention of acute radiation enteritis, a condition in which the lining of the bowel becomes swollen and inflamed during or after radiation therapy to the abdomen, pelvis or rectum. The phase 1/2 protocol BDP-ENT-01 is a study of…

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MondayDec 21, 2009 4:56 pm

Nova Measuring Instruments Ltd. (NVMI) Books Additional $10 Million; Sets All Time Record

Nova Measuring Instruments Ltd., an Israeli-based developer of advanced measuring instrumentation for the semiconductor industry, today announced receipt of new bookings totaling $10 million. When added to previously announced orders for the quarter, the result is an all time record for quarterly bookings. The orders have come from several customers for stand-alone optical CD, integrated metrology, and software products. Most of the orders are scheduled for delivery in the first quarter of 2010. Nova president and CEO, Gabi Seligsohn, said of the orders, “Our recent market share gains and penetration to new customers, combined with the swift recovery in industry…

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