Breaks Categories: Stock Spotlights

TuesdayJan 03, 2017 1:11 pm

NetworkNewsBreaks – Marinus Pharmaceuticals, Inc. (NASDAQ: MRNS) Obtains Orphan Drug Designation for Fragile X Syndrome Treatment

Marinus Pharmaceuticals (NASDAQ: MRNS) this morning said that the FDA has granted Orphan Drug Designation to the company’s CNS-selective GABAA modulator, ganaxolone, for the treatment of Fragile X Syndrome, the most common genetic cause of autism, which is caused by a mutation in the FMR1 gene. This designation provides Marinus with a seven-year period of U.S. marketing exclusivity, as well as tax credits for clinical research costs, the ability to apply for annual grant funding, clinical research trial design assistance and waiver of Prescription Drug User Fee Act filing fees. “We are pleased to receive Orphan Drug Designation from the…

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TuesdayJan 03, 2017 1:07 pm

NetworkNewsBreaks – Kopin Corp. (NASDAQ: KOPN) Shares Spike on $23.9M Partnership Deal with Goertek, Inc.

Shares of Kopin (NASDAQ: KOPN) are up nearly 13% after the wearable technologies company announced its strategic relationship with China-based Goertek Inc., a global technology company that provides vertically-integrated total solutions and services to companies such as Samsung, Sony (NYSE: SNE),and Microsoft (NASDAQ: MSFT). Per the agreement, Kopin will sell 7,339,000 shares of its common stock to Goertek for $23.8 million ($3.25 per share). The two companies have also agreed to jointly develop and commercialize a range of technologies and wearable products. The stock sale is subject to standard closing conditions and is scheduled for completion by January 27, 2017.…

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TuesdayJan 03, 2017 1:03 pm

NetworkNewsBreaks – Mindful of “Tap and Go” Payment Trend, Net Element (NASDAQ: NETE) Fine-tunes Value-added Services

Unified Payments, a TOT Group company owned by Net Element, Inc. (NASDAQ: NETE), provides secure mobile payments with value added services, honing its focus on increasing demands for specific services within the $180 billion mobile payments industry. “With ‘tap and go’ payments becoming more and more popular, customers expect this service to be available to them. As a result, simply paying via mobile is no longer the key driver for adoption of this relatively new payment method. The focus for mobile payments “is shifting from changing the payments process into a ‘buying experience’,” according to Mobile Payments Today (http://nnw.fm/Y4ktf). With…

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TuesdayJan 03, 2017 1:00 pm

NetworkNewsBreaks – New Age Beverages Corp. (NBEV) Aims for Leading Spot in Niche of Global Beverage Industry

New Age Beverages (OTC: NBEV) is focused on becoming the world’s largest healthy functional beverage company. In November, New Age posted third quarter net sales of $13.4 million, up 10% from the year prior. The company's third quarter EBITDA of $446,205 represents a year-over-year increase of 120%. In its earnings statement, the company also noted its consolidation agreement with Marley Beverage Company, which doubled the sales footprint for both companies and increased the portfolio of brands. Though the two companies will continue to operate as separate financial entities, New Age noted that the revenues of the combined group totals $70 million.…

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TuesdayJan 03, 2017 11:01 am

NetworkNewsBreaks – VBI Vaccines, Inc. (NASDAQ: VBIV) Aims to Halt Global Spread of Hepatitis B

VBI Vaccines (NASDAQ: VBIV) develops next generation vaccines to address unmet needs in infectious disease and immuno-oncology. The commercial-stage company recently received $23.6 million in financing to advance its growing pipeline, which includes its Sci-B-Vac™ hepatitis B vaccine. Globally, more than two billion people show serological evidence of hepatitis B virus (HBV), which results in approximately 780,000 HBV-related deaths each year. While second-generation HBV vaccines contain only one surface antigen, Sci-B-Vac™ contains three viral surface antigens. This composition may provide more opportunities for the immune system to respond with antibodies that can recognize one or more components of the hepatitis…

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TuesdayJan 03, 2017 10:58 am

NetworkNewsBreaks – Pressure BioSciences, Inc. (PBIO) is Playing a Part in U.S. Cancer Moonshot Initiative

Pressure BioSciences (OTCQB: PBIO) is playing a major role in the war on cancer. Three out of its first five next-generation PCT-based instrument systems have been snapped up by the ProCan lab at the Children's Medical Research Institute in Australia. U.S. Vice President Joe Biden recently named the ProCan facilities an official collaborator in the United States' initiative - known as Cancer Moonshot (CM) - to accelerate the development of combination immunotherapies in cancer treatment. The CM program arose after Biden, whose son succumbed to the disease in 2015, promised a "moonshot" to attack cancer. The CM program has garnered…

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ThursdayDec 29, 2016 12:36 pm

NetworkNewsBreaks – Remark Media (NASDAQ: MARK), Alibaba Team Up to Introduce AI-based Tech to Chinese Market

Remark Media (NASDAQ: MARK) was recently selected to provide its artificial intelligence (AI) technologies to the developer network of Alibaba Cloud, the cloud computing segment of Alibaba Group (NYSE: BABA). The partnership will consist of Remark providing its advanced facial recognition and image classification services, leveraging its proprietary KanKan Data Intelligence Platform, to Alibaba Cloud's "AI-based Robotic Vision Ecosystem Union." Remark will also provide its turnkey AI platform as a service to companies or individuals requiring assistance with integrating the technology into their own models. "We are excited to expand our relationship with Alibaba Group by becoming a close technology…

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WednesdayDec 28, 2016 3:08 pm

NetworkNewsBreaks – iCAD, Inc. (NASDAQ: ICAD) Utilizes Proprietary Algorithm and Artificial Intelligence with PowerLook Tomo Detection

iCAD (NASDAQ: ICAD) provides advanced image analysis, workflow solutions and radiation therapy for the early detection and treatment of cancer. Breast cancer is the most common cancer in women, regardless of race or ethnicity. According to the American Cancer Society, 292,130 women were diagnosed with breast cancer in the U.S. in 2015 alone. In an effort to help shrink fatal outcomes of these statistics, iCAD recently launched PowerLook Tomo Detection, which is designed to make reading digital breast tomosynthesis scans (an advanced type of mammogram that can offer better cancer detection, fewer call backs and greater peace of mind) less…

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WednesdayDec 28, 2016 1:22 pm

NetworkNewsBreaks – Valeritas Holdings, Inc. (VLRX) Improving Top and Bottom Lines with Smart Marketing

Valeritas Holdings, Inc. (OTCQB: VLRX) is on track to break through the $20 million revenue ceiling if it keeps up its multi-channel marketing maneuvers. Gross margin is likely to remain at its current 35 percent level in 2017 but will likely increase as revenues increase in 2018, and the company’s bottom line is improving as sales force efficiencies from its new marketing approach take effect. In fact, with fewer sales reps, Valeritas is selling more. Its V-Go® is the only FDA-cleared single-use, fully disposable mechanical insulin delivery device with basal (background) and bolus (mealtime) capability available in the U.S. market.…

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WednesdayDec 28, 2016 12:29 pm

NetworkNewsBreaks – Micronet (NASDAQ: MICT) Trades Higher on TREQr5 $1.06M Continuous Purchase Order

Micronet Enertec Technologies (NASDAQ: MICT) is trading 24% higher after the company this morning said Micronet, its mobile resource management subsidiary, received a continuous purchase order from a fleet management solutions provider for its newly released TREQr5 product. TREQr5 is an innovative ruggedized telematics android on-board computer enhanced for Internet of Things (IOT) and fleet management applications. The purchase order is valued at approximately $1,060,000 and the company anticipates fulfillment by the end of Q1 2017. "We are very pleased to continue our momentum and to receive such a significant purchase order from an established customer and to advance development…

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