NetworkNewsBreaks Archive - Page 861 of 870

WednesdayOct 19, 2016 12:29 pm

Marinus Pharmaceuticals, Inc. (MRNS) Shares Spike as Phase 1 Results for Ganaxolone Pave Way for Phase 2 Study

Marinus Pharmaceuticals (NASDAQ: MRNS) is trading more than 6% higher this morning after the company announced favorable results from its phase 1 dose-escalation study in which ganaxolone intravenous (IV) achieved dose levels targeted for efficacy in patients with status epilepticus (SE) – a life-threatening medical emergency associated with high mortality and limited treatments - and other indications. The phase 1 clinical study enrolled 36 subjects at Duke University Medical Center and was designed to determine the pharmacokinetics (PK), pharmacodynamics (PD), and safety of ganaxolone IV administered as an ascending bolus dose (Stage 1) or continuous infusion (Stage 2). Marinus is…

WednesdayOct 19, 2016 12:28 pm

Cerulean Pharma (CERU) Higher on $20M Purchase Agreement with Aspire Capital, Announces Novartis (NVS) Collaboration

Cerulean Pharma (NASDAQ: CERU) is trading higher following the effect of a $20 million common stock purchase agreement and a registration rights agreement with Aspire Capital Fund, LLC. Immediately following the execution of the purchase agreement, announced this morning, Aspire purchased 800,000 shares of common stock for $1.25 per share. The clinical-stage company developing nanoparticle-drug conjugates (NDCs) also this morning announced its strategic collaboration with Novartis (NYSE: NVS) to develop NDC product candidates combining Cerulean’s proprietary Dynamic Tumor Targeting™ technology with Novartis’ proprietary compounds directed at up to five targets. To view the full press releases, visit: http://nnw.fm/0Wzlg and http://nnw.fm/k20QU…

TuesdayOct 18, 2016 1:38 pm

Singlepoint, Inc. (SING) Maintains Sharp Focus on Opportunities within Vertical Markets

Singlepoint (OTC: SING) provides mobile technologies and payment solutions, participating in a competitive market dominated by bellwether brands. The company maintains its competitive edge by focusing on underserved verticals with significant potential. Its “Pay-by-Text combination of text messages and payments allows merchants to offer simpler mobile payment options to their customers … SinglePoint is currently in the process of leveraging this technology in two niche markets – daily fantasy sports and mobile auctions, markets where the holding company has purchased minority stock recently. The DFS vertical in particular is expected to bring significant value to the company, due to its…

TuesdayOct 18, 2016 1:36 pm

OurPet’s Company (OPCO) to Showcase Industry Innovation at MicroCap Conference

OurPet's (OTCQX: OPCO), a trend-setting pet products and accessories company selling its products domestically and internationally under the OurPets® and Pet Zone® brands, this morning said it will present at this year’s MicroCap Conference. Company Chief Financial Officer Scott Mendes will make his presentation on October 25 from 5-5:30 p.m. to showcase the company's innovative pet products and accessories sold through leading pet specialty and Internet retailers, direct-mail catalog, and food, drug and mass merchandisers. To view the full press release, visit: http://nnw.fm/7uJtL About the OurPet's Company The OurPet's Company (OTCQX: OPCO) designs, produces and markets a broad line of…

TuesdayOct 18, 2016 1:35 pm

Cogint, Inc. (COGT) Trades Higher on Q3 Preliminary Results

Cogint, Inc. (NASDAQ: COGT) shares are up 11% in morning trade after the data and analytics company announced preliminary estimates of financial results for the third quarter ended September 30, 2016. The company estimates third-quarter revenue of approximately $51 million to $52 million, a 24% increase over the second quarter of 2016. Gross profit margins are estimated to be in the range of 24% to 26%. Based on “various trends,” the company said it expects revenue for full year 2016 to be in the range of $183 million to $187 million, and revenue for full year 2017 to be in…

TuesdayOct 18, 2016 1:34 pm

Life Clips, Inc. (LCLP) Shares Soar on Licensing Agreement with Hewlett Packard (HPE)

Shares of Life Clips (OTCQB: LCLP) are up 50% in mid-morning trade following the company’s announcement that it has entered into a multi-year license agreement to manufacture and distribute Hewlett Packard (NYSE: HPE) branded action cameras, still cameras, dash cameras and accessories in the United States, Canada, Europe, Africa, Latin America, Australia, New Zealand and Israel. The license agreement also calls for the development of a collaborative media cloud storage service platform to store content created by the HP branded products. To view the full press release, visit: http://nnw.fm/5Yx44 About Life Clips®, Inc: Life Clips is a developer and manufacturer…

TuesdayOct 18, 2016 1:33 pm

Capstone Turbine Corporation (CPST) Prices $7.5M Offering

Capstone Turbine (NASDAQ: CPST) this morning announced a registered offering in which it will sell 6.3 million shares of its common stock to one existing and one new accredited investor at a price of $1.20 per share. The gross proceeds from the offering are expected to be approximately $7.5 million. Capstone said it intends to use the proceeds from the offering to fund general working capital requirements and for other general corporate purposes. The offering is expected to close on or about October 21, 2016, subject to the satisfaction of customary closing conditions. To view the full press releases, visit:…

MondayOct 17, 2016 1:24 pm

RLJ Entertainment (RLJE), AMC Networks (AMCX) Enter into Strategic Partnership – Shares of Both Companies Higher

RLJ Entertainment (NASDAQ: RLJE) this morning announced its strategic partnership with AMC Networks (NASDAQ: AMCX) under which AMC Networks has invested $65 million – in the form of loans - to RLJ Entertainment to provide capital and additional resources needed to explore growth opportunities. Additionally, AMC Networks has received warrants which potentially provides the company at least 50.1% of the outstanding RLJ Entertainment common stock on a fully diluted basis. To view the full press release, visit: http://nnw.fm/hQ7sB About RLJ Entertainment RLJ Entertainment, Inc. (NASDAQ: RLJE) is an entertainment content distribution company in primarily North America, the United Kingdom, and…

MondayOct 17, 2016 1:21 pm

MagneGas Corporation (MNGA) Signs LOI for $2.65M Sale of Certain Equipment and Supplies

MagneGas (NASDAQ: MNGA) is trading higher this morning after the technology company announced its Letter of Intent ("LOI") to manufacture and deliver certain equipment and supplies to an undisclosed company based in Germany, marking its largest equipment sale to-date. MagneGas will receive $2.65 million for its proprietary Gasification and Sterilization systems and will supply MagnesGas2® fuel and cylinders. The Gasification system will be used to produce MagneGas2® fuel to sell into the German market with the potential of other markets coming online soon after. The Sterilization system will be used for demonstrations and small service contracts with the goal of…

MondayOct 17, 2016 1:20 pm

ContraVir Pharmaceuticals, Inc. (CTRV) Shares Spike on Positive Safety Profile of CMX157

Shares of ContraVir Pharmaceuticals (NASDAQ: CTRV) are trading more than 28% higher in late morning trade after the company said it will pivot from a positive recommendation from an independent Data Safety Monitoring Board (DSMB) to begin enrollment of the next dosing group in its head-to-head phase 2a dose-escalation study. The study is structured to compare the safety and efficacy of ContraVir's CMX157 to tenofovir disoproxil fumarate (TDF, marketed by Gilead Sciences as Viread®) in patients with chronic hepatitis B (HBV). ContraVir expects to complete the remaining two escalation cohorts and report top-line results by year-end 2016. To view the…

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