NewsRoom Articles - Page 1288 of 1294

FridayAug 12, 2016 12:24 pm

Sorrento Therapeutics, Inc. (SRNE) Finalizes Private Placements worth $150 Million

On April 4, 2016, Sorrento Therapeutics, Inc. (NASDAQ: SRNE) announced that it entered into definitive agreements for up to $150 million with institutional investors and Yuhan Corporation, the company’s strategic corporate partner. Most recently, the agreements escalated and were finalized on private placements of common stocks and warrants worth $150 million. Sorrento is an antibody-centric, clinical stage biopharmaceutical company developing safe and efficient therapies for cancer and other medical requirements, as well as for autoimmune, inflammation, and oncology related diseases. In the news release, president and CEO of Sorrento Therapeutics, Inc., Dr. Henry Ji, stated, “The completion of this significant…

FridayAug 12, 2016 12:11 pm

Comtech Telecommunications Corp. (CMTL) to Supply U.S. Army with Hardware

Comtech Telecommunications Corp. (NASDAQ:CMTL) recently announced that it will be supplying the U.S. Army with Secret Internet Protocol Router and Non-Secure Internet Protocol Router Access Point (SNAP) Very Small Aperture Terminal (VSAT) satellite systems. The announcement came after its Government Solutions unit received $7.6 million in funding. Comtech Telecommunications Corp. specializes in designing, developing, manufacturing, and marketing unique and innovative communications systems and services. The company’s target market does not stop at the military; CMTL’s customer base is varied and includes commercial and government organizations worldwide involved in the communications industry. In a recent news release, Dr. Stanton Sloane, president…

ThursdayAug 11, 2016 3:10 pm

Aldeyra Therapeutics (ALDX) Discloses Promising Outcome from Clinical Trials of Topical Dermatologic NS2

On Tuesday, August 9, 2016, Aldeyra Therapeutics, Inc. (NASDAQ: ALDX), a biotechnology company involved in the commercialization of products that treat diseases thought to be related to endogenous aldehydes, made public the results of a randomized, parallel-group, double-blind, vehicle-controlled, multi-center clinical trial of topical dermatologic NS2 for the treatment of the dermal manifestations of Sjögren-Larsson Syndrome (SLS). The company, which is based in Lexington, Massachusetts, first became aware of SLS in 2012 and made the decision to employ its knowledge of aldehyde traps to combat the disease. The encouraging conclusion of these clinical trials marks, therefore, a major milestone for Aldeyra…

ThursdayAug 11, 2016 10:04 am

Laguna Blends, Inc. (LAGBF) Looking to Expand Pro Athlete Brand Strategy for Pro369

Before the opening bell, Laguna Blends, Inc. (CSE: LAG) (OTC: LAGBF) (FRANKFURT: LB6A.F) offered investors an update on the success of its pro athlete branding strategy for Pro369, the company’s hemp protein-based functional beverage product. In addition to announcing the renewal of Emmanual Arceneaux, a player in the Canadian Football League, as a brand ambassador for a second year, Laguna announced that it is currently in ongoing negotiations with a number of other professional athletes across North America who enjoy the health benefits offered by Laguna’s products. In June, Laguna reported its results from the first 11 weeks of sales…

ThursdayAug 11, 2016 9:12 am

ON Semiconductor Corp. (ON) Announces Offer to Purchase Outstanding Shares of Fairchild Semiconductor International

ON Semiconductor Corporation (NASDAQ: ON) recently announced an extension offer to buy the entirety of the leftover shares of Fairchild Semiconductor International, Inc. (NASDAQ: FCS) common stock for $20 cash per share, awaiting the satisfaction of the conditions of the offer, as determined in the merger agreement signed by both companies on November 18, 2015. The offer now expires at midnight Eastern Time on August 18, 2016, unless it is further extended, as permitted by the merger. As long as the terms of the offer are agreed upon, the merger agreement of the offer needs successive ten-day extensions, which ON…

WednesdayAug 10, 2016 1:17 pm

Eagle Bulk Shipping, Inc. (EGLE) Well Positioned to Weather Storm or Exploit Sector Recovery with Growth

Given the Baltic Dry Index’s (BDI) all-time lows of early 2016 (http://nnw.fm/7xHSF), it is no wonder that many of the key players in the heavily fragmented global dry bulk shipping market have seen some painful quarters, with only the best of breed operations able to weather the storm. Slumping demand in the sector (roughly two-thirds of which is folks transporting iron ore and coal) has been due primarily to falloff of industrial and urbanization activity in China, enhanced by factors such as China’s mounting power overcapacity. China and India are both going greener too, with aggressive emission targets on the…

WednesdayAug 10, 2016 9:12 am

American Airlines (AAL) Reaches Interim Agreement with TWU-IAM Association

In a recent news release, American Airlines (NASDAQ: AAL) announced an interim agreement with the TWU-IAM Association, an alliance between the Transport Workers Union (TWU) and the International Association of Machinists and Aerospace Workers (IAM), that will result in a significant pay increase for roughly 30,000 maintenance, fleet service and other related employees represented by the TWU-IAM Association. The two parties will continue negotiating toward a joint collective bargaining agreement for the represented groups in the weeks to come, but the pay increases stemming from this interim agreement went into effect immediately following American’s August 5 news release. “We are…

TuesdayAug 09, 2016 1:14 pm

Priceline’s (PCLN) Booking.com Adds One Millionth Property

Booking.com, part of The Priceline Group (NASDAQ: PCLN), recently announced the addition of the one millionth property to its website. The company’s vision to provide travelers of all kinds with the opportunity to book a variety of unique accommodation options has reached new heights thanks to the soon-to-be-open Greydon House. Greydon House is situated 30 miles off the coast of Cape Cod in Nantucket, Massachusetts. The new contemporary yet cozy village inn will be joining a range of outstanding accommodation choices located around the world. In a recent news release, Jeff David, manager at Greydon House, stated, “Inspiring more travelers…

TuesdayAug 09, 2016 9:35 am

Laguna Blends, Inc. (LAGBF) Acquires Exclusive Distribution Rights for Swiss-Made CBD Skin Care Products

Before the opening bell, Laguna Blends, Inc. (CSE : LAG) (OTC : LAGBF) (FRANKFURT : LB6A.F) announced its entry into an agreement with ISO International, LLC through which it has acquired the exclusive right to market, promote and distribute seven cannabidiol (CBD) skin care products produced by Cannaceuticals of California, USA (“Canna”). Under the terms of the agreement, Laguna will be required to pay a one-time licensing fee of $100,000 and place a minimum purchase order of $1.5 million during the first two years of the initial term. “We are excited to announce the closing of this transaction, which firmly…

TuesdayAug 09, 2016 8:54 am

NeuroMetrix, Inc. (NURO) Achieves Major Milestone with Quell® Wearable Therapeutic Technology

In a recent news release, NeuroMetrix, Inc. (NASDAQ: NURO), the company behind the innovative Quell® wearable pain relief system, announced that more than one million hours of therapy and health data have been uploaded to the Quell Health Cloud as of August 1, 2016. The total marks a major milestone in the market growth of the company’s drug-free wearable, which was originally launched in June 2015. When individuals wear Quell, data and objective feedback are collected in order to give them a better idea of their therapy utilization, sleep characteristics and activity levels. All of this data is also securely…

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