Breaks Categories: News

ThursdayAug 31, 2017 9:19 am

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Announces Clinical Study of High Absorption TurboCBD™ Product

Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP), a company engaged in licensing proprietary technology for the delivery of bioactive compounds, this morning announced the world’s first clinical study on human volunteers of cannabidiol (CBD) within Lexaria’s TurboCBD™ product. The study, which aims to evaluate the effects of TurboCBD™ on both cardiovascular health and cognitive function, will have a double-blind and placebo controlled cross-over design measuring effects after a single dose, as well as seven days of daily dosing, in 24 volunteers. “Lexaria is proud to be advancing our collective knowledge of the benefits of CBD specifically showcasing the benefits of…

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WednesdayAug 30, 2017 1:12 pm

NetworkNewsBreaks – Otonomy, Inc. (NASDAQ: OTIC) Misses Primary Endpoint in AVERTS-1 Phase 3 Trial; Shares Hit New 52-Week Low

Shares of Otonomy, Inc. (NASDAQ: OTIC) plummeted 81% to a new year-low of $3.80 this morning, a drastic fall below its previous low of $11.30, as investors reacted to news that the company reported negative results for its AVERTS-1 phase 3 clinical trial of OTIVIDEX in patients with Ménière’s disease. The clinical trial missed the primary endpoint and all key vertigo secondary endpoints. Shares of OTIC now trade in a 52-week range of $3.80-$21.15. “Based on these results, we are immediately suspending all development activities for OTIVIDEX including the ongoing AVERTS-2 trial. In addition, the company is undertaking a review…

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WednesdayAug 30, 2017 10:37 am

NetworkNewsBreaks – ProBility Media Corp. (PBYA) Pledges Donation to Hurricane Harvey Relief Efforts

EdTech innovator ProBility Media Corp. (OTCQB: PBYA) this morning announced that it has committed a portion of its profits – as realized from its initiative to deliver the American Society of Mechanical Engineers (ASME) Boiler Pressure Vessel Code (BPVC) – to victims that have suffered losses as a result of Hurricane Harvey. The company’s donations will be distributed through the Jewish Federation of Greater Houston. “The Jewish Federations of North America have opened an emergency relief fund to support communities and individuals in Houston, San Antonio, Galveston, Corpus Christi and other areas of Texas that have been hammered by Hurricane Harvey,” Noah…

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WednesdayAug 30, 2017 9:48 am

NetworkNewsBreaks – PotNetwork Holding, Inc. (POTN) Retains PCAOB-Registered East West Accounting Services, LLC to Initiate Audit

PotNetwork Holding, Inc. (OTC: POTN) this morning announced that it has officially retained the auditing services of East West Accounting Services, LLC, a Public Company Accounting Oversight Board (PCAOB) registered CPA firm based in South Florida. Moving forward, East West will review and analyze PotNetwork’s recently announced financial results, providing credible verification of the company’s second quarter and year-to-date operating performance. “We believe that the timing for this action is now,” Gary Blum, chief executive officer of PotNetwork Holding, stated in the news release. “In consideration of the amount of momentum built up over the past 6 months, coupled with…

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TuesdayAug 29, 2017 11:45 am

NetworkNewsBreaks – LiNiu Technology Group (NASDAQ: LINU) Shares Soar on Strategic Cooperation Agreement with Shou Guang Agriculture Logistic Park

LiNiu Technology Group (NASDAQ: LINU) shares are up 73% after the company this morning said it has signed a strategic cooperation agreement with Shou Guang Agriculture Logistic Park ("SGALP"), a company approved by the China National Development and Reform Commission and one of the largest vegetable distribution, pricing, information exchanges and logistic centers throughout Asia. Per the agreement, the companies will collaborate regarding product offerings, information resources, consumers, management of the logistic park and more. Additionally, Guangzhou LiNiu will provide SGALP with access to internet sales channels through its LiNiuYang trading platform, while SGALP permits Guangzhou LiNiu access to its…

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TuesdayAug 29, 2017 11:41 am

NetworkNewsBreaks – Moleculin Biotech, Inc. (NASDAQ: MBRX) Files Annamycin IND with FDA for Acute Myeloid Leukemia

Shares of Moleculin Biotech (NASDAQ: MBRX) are trading 7% higher this morning following the company’s news that it has filed an Investigational New Drug (IND) application with the Food and Drug Administration (FDA) to study Annamycin in the treatment of relapsed or refractory acute myeloid leukemia (AML). The company expects the FDA will allow the IND to go into effect, which normally occurs within 30 days and would permit Moleculin to begin additional clinical trials of Annamycin. If the IND goes into effect as the company anticipates, it intends to begin clinical trials in the fourth quarter of 2017. "Now that we…

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TuesdayAug 29, 2017 9:27 am

NetworkNewsBreaks – Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP) Scheduled to Attend Two Cannabis Conferences in September

Lexaria Bioscience Corp. (CSE: LXX) (OTCQB: LXRP), a company engaged in licensing proprietary technology for the delivery of bioactive compounds, this morning announced its plans to attend two cannabis investment conferences in September. The first, the Investorshub International Cannabis Conference, will be held at the JW Marriott in downtown Los Angeles on September 1-2. The second, the Institutional Capital & Cannabis Conference (East), is scheduled to take place on September 7-8 in Miami Beach. This morning’s news release also included an update on the company’s financing activities. Notably, Lexaria has received and executed a notice of conversion related to certain…

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MondayAug 28, 2017 12:11 pm

NetworkNewsBreaks – Tandem Diabetes Care (NASDAQ: TNDM) Shares Soar on FDA Approval, Commercial Launch of t:slim X2 with Dexcom G5 Mobile CGM Integration

Shares of Tandem Diabetes Care (NASDAQ: TNDM) are up 49% after the company this morning said it has received approval from the U.S. Food and Drug Administration (FDA) for its t:slim X2™ Insulin Pump with Dexcom G5® Mobile continuous glucose monitoring (CGM) integration. Additionally, the company announced the commercial launch of the product, which is the first sensor-augmented insulin pump approved to let users make treatment decisions without pricking their fingers. Approval of the t:slim X2 marks Tandem’s fifth new insulin pump launch in only five years. “The t:slim X2 Pump is designed to accelerate the pace in which we…

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MondayAug 28, 2017 12:09 pm

NetworkNewsBreaks – Interpace Diagnostics Group, Inc. (NASDAQ: IDXG) Extends LabCorp National Agreement; Shares Rise

Shares of Interpace Diagnostics Group (NASDAQ: IDXG) are trading 7% higher this morning after the company said it has extended its agreement with LabCorp (NYSE: LH) for an additional two years, until January 2019. The company originally entered into the agreement with the global life sciences company, LabCorp, in January 2016. Per the original agreement, LabCorp agreed to exclusively offer Interpace’s molecular tests, ThyGenX® and ThyraMIR®. “We are pleased to renew and extend our agreement with LabCorp, a world leader in healthcare diagnostics. Execution of the initial phase of our arrangement has proven successful and we are encouraged by recent developments…

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MondayAug 28, 2017 10:57 am

NetworkNewsBreaks – Global Payout, Inc. (GOHE) Targeting Cannabis Industry through Launch of Bitcoin Payment Solution

Payment solutions company Global Payout, Inc. (OTC: GOHE) this morning announced that it will incorporate bitcoin as a payment method for retail and wholesale customers in the cannabis industry, providing a solution for the banking issues that currently face legal cannabis businesses. In support of this initiative, the company’s majority-owned subsidiary, MoneyTrac Technology, Inc., will leverage its virtual financial wallet technology to eliminate cash payments for cannabis at retail stores. “Since there is an inability to access commercial banks for merchant bank accounts, we feel it is imperative to focus on currency alternatives such as bitcoin to service cannabis industry…

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