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Thursday, June 30, 2011

  • ANSYS, Inc. Signs Definitive Agreement to Acquire Apache Design Solutions, Inc. --- PITTSBURGH, Pa. and SAN JOSE, Calif., June 30, 2011
    Posted at 4:09 AM
    ANSYS, Inc. (NASDAQ: ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, and Apache Design Solutions, Inc., a leading simulation software provider for advanced, low power solutions in the electronics industry, announced today that they signed a definitive agreement whereby ANSYS will acquire Apache for a purchase price of approximately $310 million in cash, which includes an estimated $29 million in cash on Apache's balance sheet. The agreement also includes retention provisions and ... read more
  • Posted at 4:05 AM
    Novatel Wireless, Inc. (NASDAQ: NVTL), a leading provider of wireless broadband solutions, today announced that the Dual-Carrier HSPA+ (DC-HSPA+) Ovation(TM) MC545 has been launched with the Finnish operator DNA and is available on their network. "Novatel Wireless DC-HSPA+ USB modem -- in Finland known as DNA Mokkula MC545 -- has already proven to be a best-seller on our next-generation network," said Ville Partanen, DNA's product manager for data products. "The Ovation MC545 brings new mobile broadband services to our customers supporting ... read more
  • Posted at 4:00 AM
    Goodrich Corporation (NYSE: GR) the prime contractor for the ORS-1 satellite, announced today that the satellite, built under contract to the U.S. Air Force, was successfully launched from Wallops Island Flight Facility at the Mid-Atlantic Regional Spaceport aboard an Orbital Sciences Minotaur 1 rocket. After insertion into the correct orbit the satellite will complete on-orbit checkout before transitioning to operational status. ORS-1 is the first satellite in the Operationally Responsive Space program designed to support combatant command operations and will ... read more
  • Posted at 4:00 AM
    Cox Channel 11 continues its support of military families in its latest special coverage of "Homecoming: A Cox Video Diary," with a snapshot of the USS Keasarge, USS Ponce, USS Carter Hall and the "Sunliners" of Strike Fighter Squadron EIGHT ONE (VFA-81) Homecomings. This thirty minute special will premiere Saturday, July 2, 2011 at 5:30 pm on Cox Channel 11 and will be available for additional viewing at leisure through Cox's On-Demand channel 2069. Join Cox from the docks, on the ... read more
  • Posted at 4:00 AM
    Sorbent Therapeutics, a private biopharmaceutical company developing therapies for cardiovascular and renal disorders, announced today that it has expanded the Company's Series B financing from September 2010 by $36 million. This brings the total proceeds of the Company's second financing round to $53 million. New investor Novartis Venture Funds led this financing, joining existing investors Sofinnova Ventures, ARCH Venture Partners, CMEA Capital and AgeChem. (Logo: http://photos.prnewswire.com/prnh/20110630/CG28426LOGO) "Sorbent's CLP platform presents an attractive investment opportunity and we are especially encouraged by the clinical ... read more
  • Posted at 4:00 AM
    Auxilium Pharmaceuticals, Inc. (NASDAQ: AUXL), a specialty biopharmaceutical company, today announced three year recurrence data from the Collagenase Optimal Reduction of Dupuytren's - Long-term Evaluation of Success Study (CORDLESS) for XIAFLEX® (collagenase clostridium histolyticum) in the treatment of adult Dupuytren's contracture patients with a palpable cord. This five year observational study was designed to assess the durability of response following treatment with XIAFLEX, as well as long-term safety and progression of disease in patients from earlier Auxilium studies. At three ... read more
  • UCB Launches Research Alliance with Harvard University --- BOSTON and BRUSSELS, June 30, 2011
    Posted at 4:00 AM
    UCB and Harvard University officially launched their innovative Research Alliance during a signing ceremony that took place in Boston last night in the presence of his Royal Highness Prince Philippe of Belgium. (Photo: http://photos.prnewswire.com/prnh/20110630/NY28450 ) The Alliance creates a unique drug discovery bridge between industry and academia, with Harvard scientists continuing their research that holds potential for the development of new therapeutic modalities in clinical medicine. The strategy underlying the collaborative alliance is to advance ongoing Harvard research projects along the drug ... read more
  • Posted at 4:00 AM
    Cycle30, a provider of hosted order-to-cash billing services, has signed an agreement with Arrow Electronics, Inc. to provide billing and rating services offering for cloud services and machine-to-machine (M2M) applications. Under the agreement, Arrow customers in the Americas will have access to Cycle30's hosted order-to-cash platform for ordering, mediation, rating and billing services. "We look forward to serving Arrow Electronics and its customers in this rapidly expanding M2M and cloud services space," said Jim Dunlap, president of Cycle30. "The flexibility and ... read more
  • Posted at 4:00 AM
    Rentrak Corporation (NASDAQ: RENT), the leader in multi-screen media measurement serving the advertising, television and entertainment industries, today announced a TV Essentials contract with Annalect. The digital, data and analytics arm of the agency holding company will now have access to Rentrak's census-like TV audience database currency. Annalect, OMD and PHD will be using the TV Essentials service to augment their internal client analytics for the planning and buying of television. Rentrak's TV Essentials television ratings database currency incorporates data from ... read more
  • Posted at 4:00 AM
    ATK's (NYSE: ATK) RSMB (Responsive Space Modular Bus) is included in the Department of Defense's Operationally Responsive Space-1 (ORS-1) satellite, which was successfully launched from the Mid-Atlantic Regional Spaceport at NASA Wallops Flight Facility, Wallops Island, Va. on June 29th, 2011. ORS-1 is the first satellite in the DoD's Operationally Responsive Space program designed to support Combatant Command operations as an operational satellite. The ORS-1 mission focuses on the quick deployment of a small satellite with innovative sensor technologies ... read more
  • Posted at 4:00 AM
    GTx, Inc. (Nasdaq: GTXI) announced today that the effects of Ostarine™ (GTx-024) on physical function in patients with non-small cell lung cancer (NSCLC) will be the subject of an oral podium presentation at the 14th Annual World Conference on Lung Cancer, the annual meeting of the ... read more
  • Posted at 4:00 AM
    SOUTH SAN FRANCISCO, CA -- (Marketwire) -- 06/30/11 -- Titan Pharmaceuticals, Inc. (OTCBB: TTNP) today provided an update on its recent communications with the U.S. Food and Drug Administration (FDA) regarding the Statistical Analysis Plan (SAP) for the company's confirmatory Phase 3 study of Probuphine™ for patients with opioid dependence. Based upon its ongoing dialogue with the FDA and to maintain the trial's clinical integrity, Titan will conduct primary efficacy analyses comparing the Probuphine and placebo arms using the ... read more
  • Posted at 4:00 AM
    The proliferation of hackers, natural disasters and unstable market conditions are all significant drivers for small and medium businesses (SMBs) in the U.S. to seek backup/storage for their company’s data and email in the cloud. Pressure to reduce costs, improve flexibility, and maintain privacy of sensitive ... read more
  • Posted at 4:00 AM
    Lotus Tissue Repair, Inc. today announced the closing of a $26 million Series A financing led by Third Rock Ventures. Proceeds of the financing will be used to advance the company’s proprietary recombinant collagen type VII (rC7) technology as the ... read more
  • Posted at 4:00 AM
    Daegis (NASDAQ:UNFY), a leading provider of eDiscovery software and services, today announced that its litigation support and eDiscovery services have been recertified for compliance with the International Standards Organization (ISO) 27001 standard for information security management. The process involved an audit of each of Daegis’ offices ... read more
  • Posted at 4:00 AM
    AEGEA Medical Inc., developer of a novel, minimally invasive treatment for abnormal uterine bleeding, reported today that it has completed a $13.3 million private equity financing led by Covidien Ventures. Joining Covidien Ventures in this financing were existing investors Alloy Ventures and Delphi Ventures. The company ... read more
  • Posted at 4:00 AM
    The 2011 BIO International Convention, the world’s largest biotechnology event wraps up today at the Walter E. Washington Convention Center in Washington, D.C. Hosted by the Biotechnology Industry Organization, the 2011 BIO International Convention’s last day spotlights advancements in biosecurity ... read more
  • Posted at 4:00 AM
    Kinetic Concepts, Inc. (NYSE: KCI) today announced that its groundbreaking V.A.C.Via™ Negative Pressure Wound Therapy System has been granted reimbursement status and will be listed on the U.K. Drug Tariff beginning August 1, 2011. The V.A.C.Via™ Therapy System is a ... read more
  • Posted at 4:00 AM
    Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, today announced it has updated its GHP 12 Marine Autopilot System to support powerboats with both solenoid-driven and cable-actuated steering systems, as well as those with third-party hydraulic pumps. Prior ... read more
  • Posted at 3:45 AM
    VIVUS, Inc. (NASDAQ: VVUS) today announced that a New Drug Application (NDA) has been submitted to the U.S. Food and Drug Administration (FDA) seeking approval of avanafil, its investigational drug for the treatment of erectile dysfunction (ED). The NDA submission follows the successful completion of an extensive phase 3 program for avanafil, which included over 1,350 patients, where avanafil was shown to be well tolerated and effective in treating men with ED. "This NDA filing is yet another major milestone for ... read more