August 2016 - Page 7 of 8 - NetworkNewsWire

MondayAug 08, 2016 9:30 am

NetworkNewsWire Exclusive – SEC Approves IEX as First New National Stock Exchange Since 2013

The Following is a NetworkNewsWire Exclusive Article - On June 17, 2016, the U.S. Securities and Exchange Commission made headlines when it approved the Investors’ Exchange (“IEX”) as a national stock exchange, marking the first time since July 2013 that the SEC has sanctioned a new trading exchange. Unlike existing markets such as the NASDAQ and NYSE, the IEX aims to even the playing field between high-frequency traders and traditional investors by eliminating the multi-microsecond advantage that’s often afforded to high-frequency traders. To do this, IEX purposely slows down trading, implementing an intentional ‘speed bump’ of about 350 microseconds that…

MondayAug 08, 2016 8:53 am

Sonic Foundry, Inc.’s (SOFO) Mediasite Platform Selected for Staff Training by Medical Center Leeuwarden in the Netherlands

In a recent news release, Sonic Foundry, Inc. (NASDAQ: SOFO), a global leader in video capture, management and webcasting solutions, announced that its patented Mediasite Video Platform was selected as the official staff training program for Medical Center Leeuwarden (MCL), a specialized teaching hospital located in the Netherlands. Mediasite is currently in use by more than 3,800 customers in over 65 countries around the globe, allowing organizations to deliver instructional videos directly to a dispersed workforce. MCL originally deployed Mediasite in November 2015, and the center’s training staff has leveraged the platform to create 370 training videos, which have already…

FridayAug 05, 2016 2:28 pm

Ligand Pharmaceuticals (LGND) Enters LTP Technology Licensing Agreement Targeting Chinese Market

According to a recent study published by Grand View Research (http://nnw.fm/RKlb7), the global therapeutics market for liver diseases - which range from hepatitis (an inflammatory condition typically caused by a virus) and liver cancer, to non-alcoholic fatty liver disease and cirrhosis – is on track to grow to just over $12 billion by 2020, a nearly 60 percent increase compared to 2014’s figure. A concomitance of factors is at play here, with everything from a geriatric population that is likely to increase by 86 percent through 2050 (National Institute of Aging) to an increasing prevalence of hepatitis and hepatocellular carcinomas…

FridayAug 05, 2016 1:27 pm

Fortinet (FTNT) Sandboxing Solutions Earn ‘Recommended’ Rating from NSS Labs

On Tuesday August 2, 2016, Fortinet, Inc. (NASDAQ: FTNT) published the results of NSS Labs’ latest Breach Detection Systems (BDS) Group Test. NSS Labs, Inc., based in Austin, Texas, tested nine products from seven BDS vendors for security effectiveness, performance, and total cost of ownership. The two Fortinet products tested, the FortiSandbox 3000D Appliance and FortiSandbox Cloud Service, both received a ‘Recommended’ rating. After the test results were made public by NSS Labs, John Maddison, senior vice president of products and solutions at Fortinet, explained: "Cyber criminals are evolving new attack strategies at an alarming rate and creating a situation…

ThursdayAug 04, 2016 1:09 pm

Vical (VICL) Receives $7.8 Million Equity Investment from AnGes MG, Inc.

On Monday August 1, 2016, Vical Incorporated (NASDAQ: VICL) disclosed from its corporate offices in San Diego, California, that AnGes MG, Inc., an existing shareholder and partner since 2006, had consented under a stock purchase agreement to purchase approximately $7.8 million of Vical’s common stock in a private placement to be finalized on August 2, 2016. This capital infusion by AnGes MG will bolster Vical’s cash position and balance sheet strength considerably. Announcing the agreement, Vijay Samant, president and chief executive officer of Vical, said: “We are very pleased to have the strong support of AnGes, who has been a…

ThursdayAug 04, 2016 12:56 pm

Dextera Surgical, Inc. (DXTR) Enters Joint Development Program with Intuitive Surgical (ISRG)

Earlier this week, Dextera Surgical, Inc. (NASDAQ: DXTR) announced its entry into a joint development program with Intuitive Surgical, Inc. (NASDAQ: ISRG), the global leader in robotic-assisted surgery. The two companies will look to develop an innovative surgical stapler and cartridge for use with Intuitive’s da Vinci® Surgical System, a proven robotic surgical system designed to facilitate complex surgical procedures using a minimally invasive approach. Under the terms of this agreement, ISRG will be responsible for the development and testing of the stapler, while Dextera will take the lead on the stapler cartridge. Prior to the announcement of this joint…

WednesdayAug 03, 2016 1:44 pm

eXp World Holdings, Inc. (EXPI) Brokerage Division Surpasses 1,500 Agents

Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI) announced that eXp Realty, its real estate brokerage division, has surpassed 1,500 agents across all of its operating markets in the United States and Canada. This growth milestone continues to build on an impressive start to 2016 for the company, with overall agent count expanding by more than 57 percent since January 1, when EXPI reported 864 agents. “eXp Realty continues to attract Increasing numbers of top agents who are entrepreneurial in their approach to the business and who recognize agent ownership as a fundamental shift in the way in which real…

WednesdayAug 03, 2016 9:58 am

AstraZeneca (AZN) and Chi-Med Amend Agreement Regarding Savolitinib

AstraZeneca (NYSE: AZN) and Hutchison China MediTech Limited (NASDAQ: HCM), also known as Chi-Med, have announced the amending of a 2011 global licensing and commercialization agreement regarding savolitinib in order to increase its global development. In addition to increasing the global development, Chi-Med will be able to have more involvement in the project. With this in mind, savolitinib’s worldwide expansion will help with a number of Met-driven tumors, such as specific types of lung cancer, colorectal, gastric and kidney cancers. With the phase II open-label global PRCC results from savolitinib recently finished and being presented at a scientific meeting, Chi-Med…

WednesdayAug 03, 2016 9:40 am

Travelport (TVPT) Ties the Knot Tighter with Expedia (EXPE)

On Monday, August 1, 2016, Travelport (NYSE: TVPT) announced an expanded partnership with Expedia, Inc. (NASDAQ: EXPE) under which Expedia will extend its use of Travelport's Travel Commerce Platform in Europe. Two years ago, Travelport joined forces with Expedia in a joint venture with Majid Al Futtaim Finance, a leader in credit card and prepaid services in the United Arab Emirates (UAE), to launch the UAE’s largest online travel rewards scheme, Najm Voyager Rewards. Announcing the deal, Steve Jarvis, Vice President, Strategy & Business Development at Expedia, Inc., said: "Expedia's commitment is to be the very best place to shop…

TuesdayAug 02, 2016 1:42 pm

Singlepoint, Inc. (SING) Announces Initiative Designed to Capitalize on Pokémon Go Phenomenon

Before the opening bell, Singlepoint, Inc. (OTC: SING) announced plans to cash in on the Pokémon Go craze by developing a mobile app designed to bring like-minded players together. The company has already initiated discussions with programmers under contract to create a new app that will reward users for performing a number of geo-targeted actions while playing Pokémon Go. Additionally, Singlepoint’s companion app will look to increase the social interactions among gamers by introducing a comprehensive messaging platform that enables communication through global, team and friend-based channels. By combining these complementary features, Singlepoint aims to take advantage of the current…

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Month: August 2016