NetworkNewsBreaks Archive - Page 2086 of 2138

MondayFeb 13, 2017 11:54 am

NetworkNewsBreaks – XOMA Corp. (NASDAQ: XOMA) Prices $25M Registered Offering; Shares Higher

XOMA (NASDAQ: XOMA) shares are up 14% mid-morning following news the company has agreed to sell 1.2 million shares of its common stock and 5,003 shares of convertible preferred stock directly to Biotechnology Value Fund, L.P. and certain of its affiliates (BVF) in a registered direct offering priced at $4.03 per share. The total number of shares of common stock issued upon conversion of all issued Series X Preferred Stock will be 5,003,000 shares. XOMA anticipates total gross proceeds from the offering will be approximately $25 million. Subject to customary closing conditions, the offering is expected to close on February…

MondayFeb 13, 2017 10:49 am

NetworkNewsBreaks – Micronet (NASDAQ: MICT) Announces New Purchase Order for TREQ®-317

Micronet Enertec Technologies (NASDAQ: MICT) this morning said its Mobile Resource Management (MRM) subsidiary, Micronet Inc., has received a purchase order valued at approximately $800,000 from a leading American school bus fleet management solutions provider for the company’s all-in-one TREQ®-317. TREQ®-317 is an Android tablet designed to improve efficiency, manage the time and attendance of K-12 fleet drivers, improve vehicle maintenance by using the engine diagnostics and fault code alerts, optimize bus routes, and manage student ridership. The company expects to fulfill the order during the second quarter of 2017. "This marks Micronet's first order for our all-in-one TREQ®-317 product…

MondayFeb 13, 2017 10:33 am

NetworkNewsBreaks – Inventergy Global, Inc. (NASDAQ: INVT) Inks LOI with Approach Me, Inc.; Shares Higher

Inventergy Global (NASDAQ: INVT) shares are higher this morning on news that the company’s technology licensing subsidiary, Inventergy Innovations LLC, has entered into a letter of intent with Approach Me, Inc., a company that develops location-based mobile applications. Per the agreement, Inventergy will obtain commercialization rights to Approach Me's technology. Research and Markets, a market research firm, estimates the annual global market for location-based services to reach $34.8 billion by 2020, growing at over 22 percent annually. "Location-based mobile applications and services are high growth markets and we are excited to partner with Approach Me to monetize its unique innovations.…

MondayFeb 13, 2017 10:08 am

NetworkNewsBreaks – Zosano Pharma Corp.’s (NASDAQ: ZSAN) M207 Meets Co-primary Endpoints in Efficacy Trial; Shares Skyrocket

Shares of Zosano Pharma (NASDAQ: ZSAN) soared more than 100% this morning on news that the company’s lead product candidate, M207, achieved both co-primary endpoints in the recently completed ZOTRIP trial. The ZOTRIP pivotal efficacy study compared three doses (1.0mg, 1.9mg and 3.8mg) of M207, a novel transdermal therapeutic, to placebo for a single migraine attack. The 3.8mg dose achieved significance in the secondary endpoints of pain freedom at 45 minutes and one hour and showed durability of effect on pain freedom at 24 and 48 hours. Overall, higher pain freedom rates were achieved on all doses after 60 minutes…

MondayFeb 13, 2017 9:20 am

NetworkNewsBreaks – ChineseInvestors.com (CIIX) Issues Update on Recent Financial and Business Achievements

ChineseInvestors.com, Inc. (OTCQB: CIIX) this morning issued a news release highlighting some of its financial and business achievements for January 2017, as well as its plans to build on these milestones moving forward. After reporting significantly higher revenues for the three- and six-month periods ended November 30, 2016, the company has now achieved revenue growth for three consecutive quarters, and ChineseInvestors.com will look to continue this trend through its entry into the hemp-based cannabidiol (CBD) health products market. In addition to completing a $5 million private placement, the company kicked off 2017 with the launch of its new www.ChineseCBDoil.com site,…

FridayFeb 10, 2017 3:55 pm

NetworkNewsBreaks – Newtek Business Services Corp. (NASDAQ: NEWT) at a Glance

Newtek Business Services (NASDAQ: NEWT), Your Business Solutions Company®, is an internally managed Business Development Company which, along with its controlled portfolio companies, provides a wide range of business services and financial products under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to over 100,000 SMB accounts across all 50 states to help them grow their sales, control their expenses and reduce their risk. Newtek and its portfolio companies' products and services include: business lending, SBA lending solutions, electronic payment processing, technology solutions…

FridayFeb 10, 2017 1:02 pm

NetworkNewsBreaks – Top 10 Mid-day Percentage Gainers on February 10, 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: NTFU 32.69% – News: Converts all outstanding debt TSGL 19.65% – News: Announces 2017 goals MCIG 17.19% – News: Reduces common stock; Hosting quarterly conference call February 28, 2017 DPWW 13.54% – News: Opens Denver dispensary at VIP Cannabis site PLUG 12.29% – News: Hosting a conference call to discuss preliminary results for 2016 on February 24, 2017. HOPS 10.86% – News: Appoints independent director MOMT 10.00% – News: Hosting conference call and webcast…

FridayFeb 10, 2017 12:39 pm

NetworkNewsBreaks – MediWound Ltd. (NASDAQ: MDWD) Still Inching Higher on Positive NexoBrid Results

Shares of MediWound (NASDAQ: MDWD) are ticking higher a day after the company reported positive results from its phase 2 study evaluating the safety, pharmacokinetics (transcutaneous absorption) and efficacy of NexoBrid in hospitalized children and adults with severe thermal burns. As a topically administered eschar removal agent, NexoBrid provides a much needed alternative to surgical excision. Surgery of large surfaces of eschar is often limited by the availability of the extensive donor site required. Additionally, surgical excision results in significant surgical burden on these very severe patients including immense blood loss. The phase 2 study included 36 patients with severe…

FridayFeb 10, 2017 12:36 pm

NetworkNewsBreaks – Jaguar Animal Health, Inc. (NASDAQ: JAGX) Merger with Napo Pharmaceuticals Creates Significant Revenue Opportunities

In a move that captures synergistic and revenue-generating benefits, Jaguar Animal Health (NASDAQ: JAGX) is merging with San Francisco-based Napo Pharmaceuticals, Inc. The merger of the two companies is expected to provide Jaguar with a significant prescription revenue stream from sales of Mytesi™, which is FDA-approved for the symptomatic relief of noninfectious diarrhea in human adults with HIV/AIDS on antiretroviral therapy. The estimated U.S. market potential for Mytesti™, which launched in October 2016, is approximately $100 million in gross annual sales; the companies forecast the product will generate approximately $7.0 million in net sales in 2017. The active pharmaceutical ingredient…

FridayFeb 10, 2017 11:50 am

NetworkNewsBreaks – ITUS Corp. (NASDAQ: ITUS) Shares Surge on Extended Record Date for $12M Stock Rights Offering

Shares of ITUS (NASDAQ: ITUS) are higher after the company changed the Record Date for its current stock rights offering of up to $12 million to March 1, 2017. New shareholders will need to purchase ITUS common stock by February 24, 2017. The company said it intends to use proceeds from the offering to reduce its debt and for general working capital purposes, including the continued development of Cchek™. "We are changing the Record Date due to the recent increased level of interest in ITUS and because we are presenting at 3 major investor conferences over the next two weeks…

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