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Hollysys Automation Technologies Ltd., a leading provider of automation and control technologies and applications in China, has signed a stock purchase agreement (SPA) to acquire 100 percent ownership of Concord Corporation Pte Ltd. and its group of companies (CCPL) for cash and stock equivalent of $43.2 million. CCPL is a Singapore-headquartered electrification related service provider … Continue reading “Hollysys Automation (HOLI) to Acquire Concord Corp. and File for Dual Listing on Hong Kong Exchange”

Traditionally, prescription medications have been developed under a one size fits all philosophy. This approach is very inefficient, with half of all patients not responding to medication. Pharmaceutical and biotechnology companies are now looking to pioneer a new generation of medicines that are personalized to the specific needs of an individual patient. This is increasingly … Continue reading ““Personalized Medicine” Trend Presents Opportunity for Device Manufacturers”

Yesterday, Callidus Software, Inc. announced that it has been experiencing continued growth across Asia-Pacific in the adoption of its Sales Performance Management (SPM) suite of software. Callidus has signed deals with five multinational financial services companies in less than a year. These companies reach more than 90% of the population of the region. Callidus’ line … Continue reading “Callidus Software, Inc. (CALD) Announces Continued Growth in Asia-Pacific”

UnionTown Energy Inc., a company focused on building an oil and gas natural portfolio, yesterday issued an operational update on its current planned drilling programs and financing. The company’s near-term objective is to enter into productivity, which it plans to achieve with the prove-up of indicated reserves to reach their full value potential. UnionTown Energy … Continue reading “UnionTown Energy Inc. (UTOG) Issues Operational Update for 4 Key Properties”

PolyMedix Inc., a biotech company focused on developing new therapeutic drugs to treat patients with acute infectious diseases and cardiovascular disorders, today announced that its lead antibiotic compound PMX-30063 has shown activity against oral mucositis, which is debilitating inflammation and ulceration in the mouth associated with complications of cancer treatment. The results were demonstrated when … Continue reading “PolyMedix, Inc.’s (PYMX) Lead Antibiotic Compound Demonstrates Positive Results against Cancer Treatment Complications”

Affymetrix Inc., a provider of technology used by top pharmaceutical, diagnostic and biotechnology companies, as well as by academic, government and nonprofit research institutes, has rolled-out its Axiom myDesign Targeted Genotyping Arrays to help researchers study disease mutations and characterize gene-gene interactions. The technology provides researchers the ability to design custom arrays to genotype 1,500 … Continue reading “Affymetrix Inc. (AFFX) Launches Customizable Genotype Technology”

PURE Bioscience, developers of bioscience products for combating stubborn bacteria such as Staph (MRSA), announced today that its patented antimicrobial product SDC (silver dihydrogen citrate) has been shown to be effective based upon tests conducted by the University of Medicine & Dentistry of New Jersey. The tests demonstrated SDC’s effectiveness against bacterial films, common in … Continue reading “Pure Bioscience, Inc. (PURE) Gets Good News on SDC”

China Carbon Graphite Group, Inc., China’s biggest wholesaler of fine-grain and high-purity graphite, has just announced its Q1 2011 results. For the quarter ended March 31, 2011, the company disclosed that revenues jumped 137%, from $4.85 million in Q1 2010 to $11.46 million in Q1 2011, while its net income rose 139%, from $0.86 million … Continue reading “China Carbon Graphite Group, Inc. (CHGI) Announces Q1 2011 Results”