Breaks Categories: News

MondayJul 10, 2017 9:39 am

NetworkNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Announces Bitcoin Payment Functionality for ChineseHempOil.com Inc. Subsidiary

Market analysis company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning announced that its wholly-owned subsidiary, ChineseHempOil.com Inc., will officially accept bitcoin payments. Per the update, consumers who buy hemp-based products, foods and beverages from the ChineseHempOil.com site will have the option to pay with bitcoin, in addition to more common payment methods such as debit cards and PayPal. “I am delighted to announce the addition of Bitcoin payment to the ChineseHempOil.com site,” Warren Wang, founder and CEO of CIIX, stated in the news release. “By providing advanced payment technology such as Bitcoin, consumers will benefit from cost savings, increased privacy and…

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MondayJul 10, 2017 9:11 am

NetworkNewsBreaks – InMed Pharmaceuticals, Inc. (CSE: IN) (OTCQB: IMLFF) Enters Research and Development Collaboration with ATERA SAS

Preclinical stage biopharmaceutical company InMed Pharmaceuticals, Inc. (CSE: IN) (OTCQB: IMLFF) this morning announced its entry into a research and development collaboration with ATERA SAS of France, a leading tissue engineering company specializing in the development of advanced human tissue models. Under the terms of the agreement, ATERA will develop 3D human skin models of Epidermolysis Bullosa (EB) to be used in the evaluation of INM-750, InMed’s proprietary topical cannabinoid product candidate targeted as a therapy in EB and other potential dermatological and wound-healing applications. “INM-750 has demonstrated significant potential in pre-clinical models to address symptomatic improvement of EB including…

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MondayJul 10, 2017 8:48 am

NetworkNewsBreaks – ProBility Media Corp. (PBYA) Retains PCG Advisory Group

Education technology company ProBility Media Corp. (OTCQB: PBYA) this morning announced that it has retained PCG Advisory Group, a leading integrated communications firm, to serve as an advisor for its investor relations and social media communications strategies. “In the eight months since becoming a publicly traded company, ProBility has executed on its business plan and achieved record sales and growth,” Evan Levine, chairman and CEO of ProBility, stated in the news release. “In the first half of 2017, we have already closed and successfully integrated three acquisitions and have several additional opportunities in the pipeline. Our team is now initiating…

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FridayJul 07, 2017 12:35 pm

NetworkNewsBreaks – RADA Electronic Industries (NASDAQ: RADA) Set to Ring the Nasdaq Opening Bell on July 10

Shares of RADA Electronic Industries (NASDAQ: RADA) climbed 6% this morning following news that the company’s chief executive officer, Dov Sella, will ring the opening bell at Nasdaq MarketSite in Times Square on July 10. The defense electronics contractor has been publicly traded on the Nasdaq market for over 25 years, and says the ringing of the bell is symbolic of a successful corporate turnaround. "A decade ago we identified a new growth engine – mini-tactical radars for the maneuver force. After significant investments, this product line has now matured to a stage where we have begun selling, and the…

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FridayJul 07, 2017 12:33 pm

NetworkNewsBreaks – Fifth Street Asset Management, Inc. (NASDAQ: FSAM) to Sell Middle Market CLO Business to NewStar Financial, Inc. (NASDAQ: NEWS)

Fifth Street Asset Management (NASDAQ: FSAM) has agreed to sell Fifth Street CLO Management LLC (FSCM), a wholly owned subsidiary of Fifth Street Holdings L.P., to NewStar Financial (NASDAQ: NEWS). The estimated purchase price is approximately $16 million, net of $13 million of assumed indebtedness, and will be subject to adjustment based on certain working capital items upon closing. The company said it intends to use the proceeds from the transaction toward paying down its credit facility and general corporate purposes. The transaction is expected to close in the third quarter. “We believe that exiting this business line is in…

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FridayJul 07, 2017 12:30 pm

NetworkNewsBreaks – ITUS Corp. (NASDAQ: ITUS) Reports Changes in Management, Names New CEO

ITUS (NASDAQ: ITUS) this morning said that its board of directors has appointed Dr. Amit Kumar as its new president and chief executive officer. Dr. Kumar replaces Robert Berman, who has resigned as president, CEO and as a director. Dr. Kumar joined the company in 2012 as a director, and has served as the company's executive chairman for the past year as well. Additionally, Mike Catelani, ITUS' CFO, has been promoted to chief operating officer. "We've been building a solid scientific foundation through the development of our cancer detection technology, and I look forward to helping the company advance that…

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FridayJul 07, 2017 12:28 pm

NetworkNewsBreaks – Digital Ally, Inc. (NASDAQ: DGLY) Shares Surge on U.S. Patent Office Denying Axon’s (NASDAQ: AAXN) Petition for IPR

Digital Ally (NASDAQ: DGLY) shares jumped 35% this morning after the company reported an important victory in its legal battles against Axon Enterprise, Inc. (NASDAQ: AAXN). The US Patent Office has denied Axon's petition for inter partes review (IPR) of Digital's 452 Patent, which covers the automatic activation and coordination of multiple recording devices in response to a triggering event such as a law enforcement officer activating the light bar on the vehicle. Not only was the IPR denied, the Patent Office also found that "...the information presented [by Axon] in the Petition does not establish a reasonable likelihood that…

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ThursdayJul 06, 2017 12:47 pm

NetworkNewsBreaks – MassRoots, Inc. (MSRT) Shares Rise on Acquisition of Odava Compliance Platform

MassRoots (OTCQB: MSRT) shares are up 8% mid-day on news that the company has entered a definitive agreement to acquire Odava, Inc. for cash and shares of MassRoots’ common stock. Odava is a platform technology company that delivers compliance, point-of-sale, and supply chain management to streamline business operations for the cannabis industry. "We expect with MassRoots' resources and relationships, we can grow the number of dispensaries utilizing Odava from dozens to hundreds by early next year. In the near future, we believe a significant percentage of all transactions occurring in the regulated cannabis industry will occur on our platform," MassRoots…

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ThursdayJul 06, 2017 11:51 am

NetworkNewsBreaks – Catalyst Biosciences, Inc. (NASDAQ: CBIO) Reaches Financial Milestone in Subcutaneous Factor IX Program

Catalyst Biosciences (NASDAQ: CBIO) reports that it has achieved a financial milestone under its collaboration with ISU Abxis following the enrollment of the first patient in its hemophilia B clinical trial. In June 2017, the first patient and cohort were enrolled in a phase 1/2 proof-of-concept clinical trial in individuals with severe hemophilia B to evaluate Catalyst’s next-generation Factor IX variant, CB 2679d/ISU304, for subcutaneous prophylaxis. ISU Abxis and Catalyst plan to have top-line data from the clinical trial by the end of 2017. “We are pleased to have achieved another financial milestone with the Factor IX clinical program, but…

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ThursdayJul 06, 2017 11:49 am

NetworkNewsBreaks – Cytori Therapeutics, Inc. (NASDAQ: CYTX) Shares Nudge Higher on New Key Cell Therapy Platform Patents

Cytori Therapeutics (NASDAQ: CYTX) this morning said it has received key patents that strengthen its intellectual property portfolio in the U.S. and Europe, sending shares up 2% mid-morning. To date, the company has 107 global patents issued in addition to 45 patent applications pending approval. Many of the most recently issued patents contain claims regarding the use of the company’s Habeo™ Cell Therapy for patients with scleroderma affecting the hands. "Our intellectual property strategy is to continue to strengthen the Cytori Cell Therapy™ platform to help establish and maintain a sustainable competitive advantage. Our main focus is on the primary…

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