Breaks Categories: News

ThursdayDec 01, 2016 3:25 pm

NetworkNewsBreaks – Biostage (BSTG) Shares Soar after FDA Grants Cellspan™ Esophageal Implant Orphan Drug Designation

Biostage, Inc. (NASDAQ: BSTG) is trading 30% higher following news that the company’s Cellspan™ Esophageal Implant was granted Orphan Drug Designation to restore the structure and function of the esophagus subsequent to esophageal damage due to cancer, injury or congenital abnormalities. This designation provides for a seven-year marketing exclusivity period against competition upon marketing approval, as well as certain incentives, including tax credits and a waiver of PDUFA filing fees. Biostage said it expects to file its IND in the third quarter of 2017 followed by its phase 1 first-in-human clinical study in the fourth quarter of 2017. "We believe…

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WednesdayNov 30, 2016 4:32 pm

NetworkNewsBreaks – Grey Cloak Tech (GRCK): ShareRails Software will Increase Foot Traffic, In-store Sales

Noting significant declines in foot traffic in U.S. malls, Grey Cloak Tech (OTC: GRCK) recently announced that ecommerce solutions provider ShareRails has successfully implemented O2O (Online-To-Offline) solutions for brick-and-mortar stores and mall operators across the U.S., facilitating over 10 million product searches per month in over 80,000 locations. Most purchases begin with online searches; the software enables brick-and-mortar retailers to increase foot traffic by providing a spreadsheet of product information to automatically make their store's product inventory searchable and discoverable online to interested shoppers. "In the last 6 months both Facebook and Google launched add products specifically for local retailers.…

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TuesdayNov 29, 2016 2:00 pm

NetworkNewsBreaks – Dataram Corp. (DRAM) Shares Surge on Finalized Agreement to Acquire U.S. Gold Corp.

Dataram (NASDAQ: DRAM), an independent manufacturer of memory products and provider of performance solutions, is trading 34% higher mid-day after announcing it has finalized its definitive agreement to acquire U.S. Gold Corp., a gold exploration and development company that controls multiple mining leases and mineral rights throughout the U.S., and its subsidiaries. The companies are working to finalize the preliminary S-4/Proxy, which they intend to file with NASDAQ next month.  Once the NASDAQ review is completed, Dataram will file a definitive S-4/Proxy and will formally present the merger and associated consideration to the shareholders in early 2017 for review and…

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TuesdayNov 29, 2016 1:03 pm

NetworkNewsBreaks – Great Basin Scientific (GBSN) Shares Climb on New Patent for PCR Amplification Suppressor

Great Basin Scientific (OTCQB: GBSN) is trading higher after announcing that the U.S. Patent and Trademark Office (USPTO) issued U.S. Patent 9,434,999 for the company’s amplification suppressor. This technology blocks detection of contaminants – such as staphylococcus - that may result in a false positive result and potential misdiagnosis of a patient when testing clinical specimens such as blood specimens, nasal swabs, or bronchial lavages from suspected pneumonia. The amplification suppressor is used in the company’s Staph ID/R Blood Culture Panel and is being utilized in the SA Nasal Screen Test, scheduled for clinical trial in the first half of…

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MondayNov 28, 2016 1:11 pm

NetworkNewsBreaks – Idera Pharmaceuticals (IDRA) Signs Exclusive License Agreement with Vivelix Pharmaceuticals for IMO-9200

Idera Pharmaceuticals (NASDAQ: IDRA) and Vivelix Pharmaceuticals Ltd. have entered into an exclusive license and collaboration agreement granting Vivelix worldwide rights to develop and market IMO-9200, an antagonist of TLR 7,8 and 9, for non-malignant gastrointestinal disorders. Per the agreement, Idera will receive an upfront fee of $15 million.  In addition, Idera will be eligible for future IMO-9200-related development, regulatory and sales milestone payments totaling up to $140 million, as well as escalating royalties of global net sales.  Idera is also responsible for developing potential back-up compounds to IMO-9200 if requested by and at Vivelix’s expense. As it relates to…

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MondayNov 28, 2016 1:07 pm

NetworkNewsBreaks – KFit Group Acquires Groupon (GRPN) Malaysia

KFit Group this morning announced its acquisition of Groupon Malaysia (NASDAQ: GRPN) to build online-to-offline (O2O) commerce in Southeast Asia. The transaction follows KFit Group's acquisition of Groupon's Indonesia business in August and the rapid growth of its new Fave platform. Groupon Malaysia will transition to Fave in early 2017, expanding Fave to cover restaurants, beauty, wellness, gyms, studios, hotels, holidays, leisure, entertainment and professional services.  "We are excited to have KFit Group steer Groupon Malaysia to even greater heights. With Joel's experience in leading Groupon Asia Pacific in the past, we are confident that KFit Group will be able…

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MondayNov 28, 2016 1:02 pm

NetworkNewsBreaks – National Waste Management Holdings, Inc.’s (NWMH) Acquisition Strategy Drives Q3 Growth

National Waste Management (OTC: NWMH) recently announced 269% revenue growth for the third quarter of 2016. Signs point to this being a reflection of revenue growth through acquiring new businesses. “This financial growth is largely attributable to the company’s aggressive acquisition strategy, highlighted through the 2015 acquisitions of Waste Recovery Enterprises and Gateway Rolloff Services. National Waste leveraged this strategy once again in June of this year, when it acquired Sivart Services, a roll-off and compactor business located in Worchester, New York, in an effort to expand its geographic footprint in the northeast while supporting additional revenue growth.” To view…

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FridayNov 25, 2016 2:48 pm

NetworkNewsBreaks – Cogint, Inc. (COGT) Achieves Strong Third Quarter Revenue Growth under Guidance of Seasoned Management Team

Cogint, Inc. (NASDAQ: COGT) announced its financial results for the third quarter of 2016 earlier this month, which included a 27 percent quarter-over-quarter increase in consolidated revenue and adjusted EBITDA of $3.2 million. This performance was guided by a seasoned management team with decades of experience in multiple industries across the technology sector. Leading this team, Derek Dubner, Cogint’s chief executive officer and interim president, spent the last 15 years working closely with the late Hank Asher, the creator of market leaders Seisint and TLO who is often referred to as ‘the father of data fusion’. During this period, Dubner…

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TuesdayNov 22, 2016 1:44 pm

NetworkNewsBreaks – root9B (RTNB) Announces $790,000 Contract Extension for Cyber Defense

root9B, a root9B Technologies Company (OTCQB: RTNB), has extended its contract with a Fortune 500 company through October 2017 in a deal valued at more than $790,000. root9B provides advanced cyber defense operations, services and products for commercial and government clients. The company will continue to provide Manned Information Security services utilizing its ORION HUNT platform from the Adversary Pursuit Center (APC), the first-of-its-kind manned operations facility that offers real-time, remote computer network defense. root9B's cyber-defense operators remotely detect, pursue and remove advanced and dynamic cyber adversaries using the ORION platform. To view the full press release, visit: http://nnw.fm/1eBjO About…

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TuesdayNov 22, 2016 1:41 pm

NetworkNewsBreaks – Galenfeha, Inc. (GLFH) Divests Battery Division to Reduce Debts, advance toward Profitability

Galenfeha (OTC: GLFH) this morning reported the sale of its battery and stored energy division to Fleaux Services, LLC for a cash consideration of $350,000, as well as royalty payments on each battery sold for the next two years. Galenfeha founder and CEO James Ketner said the sale will help the company improve its balance sheet as part of aggressive efforts to curb short-term corporate obstacles.  "Galenfeha benefits from the sale by receiving cash to improve the company's balance sheet; significantly reduce SG&A costs; and move forward toward profitability… Fleaux Services can move the operation under their roof with a…

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