NetworkNewsBreaks Archive - Page 1855 of 1969

MondayJul 17, 2017 9:00 am

NetworkNewsBreaks – Repros Therapeutics (NASDAQ: RPRX) Tumbles Pre-Market; Proellex Clinical Trial Remains on Partial Hold, per FDA

Shares of Repros Therapeutics (NASDAQ: RPRX) dropped 47% in pre-market trade after the reproductive disorders company said its clinical development program for Proellex, its oral delivery mechanism for telapristone acetate, will remain on partial clinical hold, per FDA review and feedback. Repros is now required to compile a large pre-approval safety database to support future development. The company says it is assessing increasing its focus on its uterine fibroid and endometriosis development program utilizing a vaginal drug delivery program for telapristone acetate, and that it expects to receive a European Patent related to the use of selective progesterone modulators (SPRM).…

FridayJul 14, 2017 12:33 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on July 14, 2017

Here is a list of stocks shaking up the markets today, with particular focus on NASDAQ and OTC small caps. The top gainers based on percentage: DRYS 3.11% – News: Law firm investigates claims on behalf of investors AXAS 1.54% – News: Inks deal to acquire 853 net Delaware Basin Bone Spring/Wolfcamp acres VIBI 1.37% – News: Completes upgrade of production facility WCST 1.14% – News: Changes corporate name, ticker symbol GFN 1.04% – News: Declares cash dividend of $2.30/share on 9% series C cumulative redeemable perpetual preferred stock VEND 1.00% – News: Hires new company executives GROG 0.77% – News:…

FridayJul 14, 2017 12:23 pm

NetworkNewsBreaks – Patriot One Technologies, Inc. (TSX.V: PAT) (OTCQB: PTOTF) Disruptive Threat Detection Technology Hits International Market

Patriot One Technologies (TSX.V: PAT) (OTCQB: PTOTF), developer of the pioneering, award-winning PATSCAN CMR™ concealed weapons detection system, recently announced three significant reseller agreements with companies that are engaged in providing security solutions to government, military, health care and commercial organizations. These reseller agreements show just how much Patriot One’s groundbreaking technology is needed and how quickly it is being embraced throughout the world. An excerpt from a NetworkNewsWire article titled 'Patriot One Technologies, Inc. (TSX.V: PAT) (OTCQB: PTOTF) Threat Detection Technology Goes Global' is as follows: “Aotea has already garnered meaningful customer interest for the system, and this agreement…

FridayJul 14, 2017 12:17 pm

NetworkNewsBreaks – Fifth Street Asset Management, Inc. (NASDAQ: FSAM) Enters Agreement for Oaktree to Assume Management of BDCs

Fifth Street Asset Management (NASDAQ: FSAM) shares fell 3% this morning on news that the company has signed a definitive asset purchase agreement with Oaktree Capital Management, L.P., an affiliate of Oaktree Capital Group, LLC (NYSE: OAK). Per the agreement, Oaktree will become the new investment adviser to two Business Development Companies (BDCs): Fifth Street Finance Corp. (NASDAQ: FSC) and Fifth Street Senior Floating Rate Corp. (NASDAQ: FSFR). Upon closing of the transaction, Oaktree will pay gross cash consideration of $320 million to Fifth Street Management LLC and replace FSM as the investment adviser to the BDCs. An Oaktree affiliate…

FridayJul 14, 2017 12:13 pm

NetworkNewsBreaks – Highpower International, Inc. (NASDAQ: HPJ) Secures Two New Strategic Partnerships

Highpower International (NASDAQ: HPJ) shares climbed 4% on news this morning that the company has reached two strategic partnership agreements in the U.S. and Europe with leading appliance brands to supply power solutions for high-end smart vacuum robots. The agreements are expected to provide Highpower with top-line revenues of $4 million in 2017. Additionally, the company has been involved in designing power solutions for three new models of smart vacuums that are expected to be launched in 2018, providing Highpower with anticipated top-line revenues of $15 million. "Highpower pays close attention to the end user as well as developing trends and work…

FridayJul 14, 2017 12:11 pm

NetworkNewsBreaks – MassRoots, Inc. (MSRT) Shares Fall on Close of Odava Acquisition

Shares of MassRoots (OTCQB: MSRT) dipped 9% after the company this morning said it has closed the previously announced acquisition of Odava, Inc. in exchange for cash and common stock consideration. Following the acquisition, the company is now able to offer dispensaries a complete suite of software to manage their regulatory compliance, restructure their supply chain, and develop consumer loyalty programs. "The Odava acquisition diversifies our revenue streams while also enabling the platform integrations necessary to effectively monetize MassRoots' audience," MassRoots chief executive officer Isaac Dietrich stated in the news release. To view the full press release, visit: http://nnw.fm/u2GMT About MassRoots…

FridayJul 14, 2017 9:23 am

NetworkNewsBreaks – India Globalization Capital, Inc. (NYSE: IGC) Reports Financial Results for Fiscal Year Ended March 31, 2017

India Globalization Capital, Inc. (NYSE MKT: IGC), a developer of cannabis-based therapies to treat a variety of life-altering conditions, this morning announced its financial results for the fiscal year ended March 31, 2017. “In fiscal 2017, our major accomplishments include the advancement of our phytocannabinoid patent filing portfolio to large market indications,” Ram Mukunda, CEO of IGC, noted in the news release. “And in order to keep this focus on the medical cannabis industry, we disposed of our low-margin iron ore and electronic trading businesses, and retired about 10% of our outstanding common stock; thus reducing revenue, PP&E, and stockholder’s…

ThursdayJul 13, 2017 12:15 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on July 13, 2017

Here is a list of stocks shaking up the markets today, with particular focus on NASDAQ and OTC small caps. The top gainers based on percentage: XGTI 17.24% – News: Posts preliminary Q2 2017 results SPI 11.13% – News: Repurchases EnSync shares; provides update on private placement AVGR 6.75% – News: Law firm reminds investors of securities action ACTG 4.43% – News: Featured on BizWireTV BKYI 3.45% – News: Secures contract with a government agency in Australia for ID Director DRYS 3.40% – News: Takes delivery of its fourth Newcastlemax vessel CPAH 3.09% – News: Posts Q4, FY fiscal 2017…

ThursdayJul 13, 2017 12:02 pm

NetworkNewsBreaks – Diana Containerships, Inc. (NASDAQ: DCIX) Shares Sink to New 52-Week Low; Announces New Time Charter Contract and an Extension of Existing Contract

Diana Containerships (NASDAQ: DCIX) shares are down 13%, setting a new 52-week low of $0.52; the stock’s 52-week high is $183.19. Diana Containerships this morning said that, through a separate wholly owned subsidiary, it has entered into a time charter contract with Maersk Line A/S for one of its Post-Panamax container vessels. Per the agreement, the vessel called the m/v Puelo will be chartered for a minimum of eight months to a maximum of 18 months. During the first eight months, the gross charter rate (prior to a 5% commission paid to third parties) will be $10,600 per day. The…

ThursdayJul 13, 2017 11:59 am

NetworkNewsBreaks – Great Basin Scientific, Inc.’s (GBSN) Stool Bacterial Pathogens Panel Obtains FDA 510(k) Clearance

Shares of Great Basin Scientific (OTCQB: GBSN) are up 7% mid-day on news that the company has received U. S. Food and Drug Administration (FDA) 510(k) clearance for its Stool Bacterial Pathogens Panel (SBPP). FDA clearance now allows the company to begin actively marketing SBPP to its current customer base of over 230 hospitals and labs, as well as new customers. “We are excited to begin actively marketing this panel, which is priced below likely reimbursement rates, and expect demand for SBPP to add additional revenue for the company, with significant revenue growth from the product expected later in 2017…

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