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MondayMar 20, 2017 12:15 pm

NetworkNewsBreaks – BioLineRx (NASDAQ: BLRX) Reports Interim Results on Phase 2 Study of BL-8040 in Stem Cell Mobilization

BioLineRx (NASDAQ: BLRX) this morning reported partial results data from its open-label phase 2 trial for BL-8040 as a novel monotherapy approach for the mobilization and collection of blood forming stem and progenitor cells from the peripheral blood. Interim results from the initial cohort of donor and recipient pairs show that a single injection of BL-8040 mobilized sufficient amounts of cells required for transplantation at a level of efficacy similar to that achieved by using 4-6 injections of G-CSF, the current standard of care. So far, all transplant recipients have experienced a successful neutrophil engraftment. Recipients will continue to be…

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MondayMar 20, 2017 11:47 am

NetworkNewsBreaks – FuelCell Energy, Inc. (NASDAQ: FCEL) Attends Dedication of Another Fuel Cell Park by Partner POSCO Energy in Seoul

FuelCell Energy (NASDAQ: FCEL) shares are ticking higher after the company announced the dedication event of the Noeul Green Energy Co. fuel cell park in Seoul, South Korea. The 20 megawatt fuel cell park supplies ultra-clean power to the electric grid and high quality heat to a district heating system and was constructed by the company’s South Korean partner POSCO Energy in just 10 months. Members of FuelCell Energy’s executive management joined POSCO Energy executives, government officials and customers to celebrate the operation of this fuel cell park. “This project exemplifies the benefits of fuel cell installations by locating the…

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MondayMar 20, 2017 11:43 am

NetworkNewsBreaks – Medical Transcription Billing, Corp. (NASDAQ: MTBC) Announces Monthly Dividend on Series A Preferred Stock

Health care information technology company Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP) this morning announced that its board of directors has declared monthly cash dividends for its 11% Series A Cumulative Redeemable Perpetual Preferred Stock for March, April and May of this year. Holders of these shares are entitled to receive cumulative cash dividends at the rate of 11% of the $25 per share liquidation preference per annum, which is equivalent to $2.75 per year per share. The applicable record date related to this dividend will be the last day of the calendar month, with the dividend becoming payable on…

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MondayMar 20, 2017 10:22 am

NetworkNewsBreaks – Aevi Genomic Medicine, Inc. (NASDAQ: GNMX) SAGA Trial Fails to Reach Primary Endpoint; Shares Plummet

Shares of Aevi Genomic Medicine (NASDAQ: GNMX) dropped 60% shortly after market open on news that the company’s AEVI-001 did not meet the primary endpoint of reduction on the ADHD rating scale (ADHD-RS) compared to placebo; however, there was improvement observed on the inattention subscale. The results also show efficacy and benefit to patients in two pre-specified responder analyses: ADHD-RS improvement of 30% or more, which was met by 70% of patients treated with AEVI-001 versus 42% on placebo; and Clinical Global Impression of Improvement scale (CGI-I), resulting in 57% of patients treated with AEVI-001 achieving a score of much…

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MondayMar 20, 2017 10:14 am

NetworkNewsBreaks – ChineseInvestors.com, Inc. (CIIX) Establishes XiBiDi Biotechnology Co., Ltd. in Shanghai Free-Trade Zone

Market analysis company ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning announced the establishment and registration of XiBiDi Biotechnology Co., Ltd. in the Shanghai Free-Trade Zone. Moving forward, XiBiDi will focus on the online and offline sales of health products featuring hemp-derived cannabidiol (CBD) oil, in addition to hemp-based food and beverages. Additionally, the new company will serve as operator of CIIX’s recently-launched CBD online store, www.ChineseCBDoil.com. “I am delighted about the establishment and registration of our new hemp company,” Warren Wang, founder and CEO of CIIX, stated in this morning’s news release. “XiBiDi Biotechnology is strategically located in the Pudong Free-Trade…

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FridayMar 17, 2017 12:28 pm

NetworkNewsBreaks – BioSig Technologies, Inc. (BSGM) Signs Strategic Agreement with Mayo Clinic

BioSig Technologies (OTCQB: BSGM) shares rose 10% after the company signed a 10-year strategic agreement with Mayo Clinic and Mayo Clinic Ventures. The new agreement expands upon the work realized under the Advanced Clinical Research Program that was signed with Mayo Clinic in March 2016. The company intends to work closely with leading Mayo electrophysiologists Drs. Samuel Asirvatham and K. L. Venkatachalam to develop advanced clinical features and applications for its PURE EP System, in addition to leveraging its experience in physiologic signal processing to develop future technologies. Mayo is expected to contribute knowledge, intellectual property and clinical support to the partnership. The…

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FridayMar 17, 2017 10:52 am

NetworkNewsBreaks – Threshold Pharmaceuticals, Inc. (NASDAQ: THLD) Enters Agreement to Merge with Molecular Templates; Shares Soar

Threshold Pharmaceuticals (NASDAQ: THLD) shares soared 41% following early morning news that the company has entered into a definitive agreement to merge with Molecular Templates, Inc., a privately held biopharmaceutical company. Per the agreement, Molecular Templates will merge with a wholly-owned subsidiary of Threshold in an all-stock transaction, resulting in a combined Nasdaq-listed company focused on the development of novel treatments for cancer. At the close of the transaction, Longitude Capital will invest $20 million, subject to certain conditions, including the receipt of additional equity financing commitments of $20 million. Molecular Templates’ proprietary technology has been used to create biologic…

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ThursdayMar 16, 2017 12:35 pm

NetworkNewsBreaks – India Globalization Capital, Inc. (NYSE: IGC) CEO Featured in Benzinga Article

India Globalization Capital (NYSE: IGC) was recently featured in an article detailing the company's strategic move to the cannabis industry and future plans for the company. In the past, IGC was a company primarily focused on the beneficiation of iron ore. That focus changed a few years ago when iron ore prices plummeted, often selling below its cost of production. For the last three years, the company has shifted its focus to tackling the cannabis industry, or more specifically, medical cannabis use. The company is currently developing a portfolio to address epilepsy, cachexia, PTSD, Alzheimer’s, and Parkinson’s. “We came up…

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ThursdayMar 16, 2017 12:24 pm

NetworkNewsBreaks – Avid’s (NASDAQ: AVID) Avid NEXIS™ Selected by Middlesex University; Shares Sink

Avid® (NASDAQ: AVID) shares are down 18% in mid-day trade. The company this morning said that the Faculty of Arts and Creative Industries at Middlesex University in London has invested in Avid NEXIS™. Powered by the MediaCentral® Platform, Avid NEXIS provides the reliability, performance and scalability that the faculty needs to support the expanding department and prepare graduates for success in the media industries. The university faculty and stake holders have invested in Avid NEXIS | E4 and Avid NEXIS | E2 systems with the addition of a System Director Appliance for the flexibility to support the increasing needs of…

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ThursdayMar 16, 2017 10:40 am

NetworkNewsBreaks – Player’s Network, Inc. (PNTV) Announces Engagement of NetworkNewsWire

Diversified holding company Player's Network, Inc. (OTCQB: PNTV) this morning announced its engagement of NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions, news aggregation and syndication, and enhanced news release services. Leveraging an investor-based distribution network that includes more than 5,000 key syndication outlets, various newsletters, numerous social media channels, blogs, and other outreach tools, NNW will look to generate greater brand awareness for Player’s Network as the company seeks to expand its presence in both the media and cannabis industries. “This partnership is an extension of our new shareholder…

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