May 2011 - Page 29 of 33

ThursdayMay 05, 2011 8:27 am

Albany Molecular Research Inc. (AMRI) Posts 15% Increase in Q1 Earnings

Albany Molecular Research Inc., a scientific services provider, yesterday reported financial and operating results for the first quarter ended March 31, 2011. Total revenue for the first quarter of 2011 was $56.9 million, an increase of 15 percent compared to total revenue of $49.3 million reported in the first quarter of 2010. The company recognized recurring royalties of $14 million in the first quarter of 2011, a 34 percent increase from royalties of $10.4 million in the first quarter of 2010. The company earns royalties from worldwide sales of the non-sedating antihistamine Allegra® (Telfast® outside the United States), as well…

ThursdayMay 05, 2011 8:25 am

Intellicheck Mobilisa, Inc. (IDN) Announces Partnership with Workspeed for Strategic Delivery of Advanced Visitor Security Solutions

Intellicheck Mobilisa, Inc., a developer and marketer of wireless technology and identity systems to mobile and handheld wireless devices for various institutions, has announced its partnership with Workspeed, a leading provider of real estate management application, in order to launch the industry’s most advanced visitor security solution. The two companies have collaborated to bring together Intellicheck Mobilisa’s patented-ID reading technology with Workspeed’s building access control technology. Through this integration, the customers for Workspeed Visitor Management will now benefit from increased security and more flexibility, enabling visitors to swipe a driver’s license for access to buildings. While the security guard active…

ThursdayMay 05, 2011 8:21 am

Daulton Capital Corp. (DUCP) Inks Letter of Intent to Acquire Oil, Gas and Liquid Natural Gas Rights in Papua New Guinea

Daulton Capital Corp. announced this morning that it has entered into a Letter of Intent with South Pacific Connection Limited (SPC) of Papau New Guinea (PNG) to acquire a 64% working interest in the Oil, Gas and Liquid Natural Gas rights of SPC's property in PNG. More details of the property and terms of the agreement will be shared in futures releases. Daulton anticipates closing on the agreement within ten (10) days. "We believe this agreement will be in keeping with the corporate philosophy of Daulton to be a project generator with the objective of optioning/joint venturing projects with major…

WednesdayMay 04, 2011 4:48 pm

Commtouch Software Ltd. (CTCH) Appoints Amos Arev and Michael Myshrall to Executive Team

Located in Sunnyvale, California, Commtouch Software is a provider of Internet security technology to more than 150 security companies and service providers for integration into their solutions. Today, Commtouch announced the appointment of two new members to their executive team. The new members will be Amos Arev and Michael Myshrall. Arev has been appointed to the position of Vice President of Research and Development (R&D), and Myshrall as Vice President of Corporate Development. Arev has a distinguished reputation in the sector and brings more than 20 years of software development management experience, spending over half of his career specializing in…

WednesdayMay 04, 2011 4:48 pm

Spartan Gold Ltd. (SPAG) Announces New Discovery at Ziggurat Property

Spartan Gold, the junior gold explorer with primary assets in Nevada’s Carlin-Rain and Round Mountain-Northumberland Gold Trends, reported a new discovery today at the SPAG/Mexivada Mining Corp. jointly-controlled Ziggurat property, with strong Carlin-like mineralization characteristics. This new “Whitehorse” discovery occurs in a completely unexamined Paleozoic interval of rock and is analogous to similar findings at the adjacent Northumberland Mine property that is currently being worked by Newmont Mining Corp. CEO of SPAG, Malcolm Stevens, extolled the diligence of the engineering and geological teams in turning up this incredibly promising find, explaining that one of the primary drivers for the Company…

WednesdayMay 04, 2011 4:47 pm

Cytori Therapeutics Inc. (CYTX) to Install Cell Bank in Hong Kong

Cytori Therapeutics Inc. is a leader in providing physicians and patients worldwide with medical technologies that harness the potential of adult regenerative cells from adipose tissue. The company’s Cellution System family of medical devices and instruments is currently being sold into the European and Asian cosmetic and reconstructive surgery markets. Its StemSource product line is sold globally for cell banking and research applications. The company announced today that it will install a comprehensive StemSource Cell Bank in Hong Kong for Neo Derm Limited. Neo Derm is Hong Kong’s leading provider of medical aesthetic products and services with 18 treatment centers…

WednesdayMay 04, 2011 4:47 pm

Akorn Inc. (AKRX) to Acquire Advanced Vision Research, Inc.

Yesterday, generic pharmaceutical company Akorn, Inc. announced that it has entered into an agreement to acquire Advanced Vision Research, Inc. Based in Woburn, MA AVR is a premier over-the-counter ophthalmic company that develops and markets eye care products under the TheraTears® and MacuTrition® brand names. In 2010, AVR generated sales of $20 million, which consisted of domestic sales through major retail chains and sales in 20 countries across 5 continents. Akorn also announced plans to launch a new Consumer Health Division to enter the $1.2 billion over the counter eye care market, pending the acquisition of AVR. Akorn will license…

WednesdayMay 04, 2011 4:44 pm

InVivo Therapeutics Holdings Corp. (NVIV) Teams with Miami Project for Collaborative Research for Spinal Cord Injuries

InVivo Therapeutics, a company focused on the development of technologies for the treatment of spinal cord injuries (SCI), along with leading spinal cord injury research center The University of Miami Miller School of Medicine’s Miami Project to Cure Paralysis, today announced their strategic research collaboration for the development of novel SCI treatments. “We see significant potential in the natural synergies from combining these treatment approaches, both of which have been validated in preclinical studies. The Miami Project team looks forward to elucidating their potential and to working with InVivo toward our common goal of finding new and better treatments for…

WednesdayMay 04, 2011 2:28 pm

Juhl Wind Inc. (JUHL) Completes Purchase of $400k Controlling Interest in Woodstock Hills Wind Farm

Juhl Wind Inc., a community-based wind power development and management company, today announced it has completed its acquisition of the 10.2 megawatt, Woodstock Hills wind farm located near the company’s headquarters in Woodstock, Minn. Juhl originally developed the Woodstock Hills wind farm and put it into service in 1999 with two companies serving as institutional investor partners. Juhl paid $400,000 to acquire a controlling, 99.9 percent stake alongside the .1 percent local owner, which in this case is an entity controlled by company CEO Dan Juhl. “Our acquisition of the Woodstock Hills wind farm is the first step in a…

WednesdayMay 04, 2011 1:10 pm

Multi-Pronged Alliqua, Inc. (ALQA) Builds Intellectual Property Portfolio

Many biotechnology firms are focused on developing new drug delivery platforms. There are many reasons and several different methodologies biotechs large and small use to replace the conventional approaches of oral and injectable delivery methods. Some “heavy hitting” reasons for the quest are to reduce stress on the liver and to improve patient compliance. Alliqua, Inc., a New York based advanced biomedical products company, is committed to the development and manufacturing of proprietary drug delivery with an emphasis on a transdermal platform. For those unaware, “transdermal” is exactly what it sounds like; drugs delivered through the skin. Most of the…

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Month: May 2011