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Friday, June 24, 2011

  • Posted at 2:00 PM
    Zafgen, Inc., a pharmaceutical company pioneering novel obesity therapeutics to help the body regain and sustain a lean, healthy state by targeting imbalances in fat metabolism, today announced new data from a Phase 1b study of ZGN-433, a selective methionine aminopeptidase 2 inhibitor ... read more
  • Posted at 2:00 PM
    Results of a new patient-reported outcomes (PRO) study show that patients with type 1 diabetes who received the investigational ultra rapid acting mealtime insulin, AFREZZA® (insulin human [rDNA origin]) Inhalation Powder, combined with basal insulin, came to view insulin therapy more positively during the course of ... read more
  • Posted at 2:00 PM
    The findings of two separate studies further substantiate that treatment with the investigational ultra rapid acting mealtime insulin AFREZZA® (insulin human [rDNA origin]) Inhalation Powder does not result in excess cardiovascular events in type 1 or type 2 diabetes patients. Furthermore, results demonstrate that inhaled AFREZZA ... read more
  • Posted at 2:00 PM
    SAN DIEGO, CA -- (Marketwire) -- 06/24/11 -- Diartis Pharmaceuticals, Inc. announced today that it will present data from its ongoing Phase 1 clinical trial of VRS-859 (exenatide-XTEN) at the American Diabetes Association's 71st Scientific Sessions, which began today in San Diego. VRS-859, a once monthly form of the GLP-1 analog, exenatide, is being developed to address the significant unmet needs in type 2 diabetes mellitus (T2DM) patients. The Diartis poster -- "A Placebo Controlled Single Ascending Dose ... read more
  • Posted at 1:54 PM
    BOSTON, MA -- (Marketwire) -- 06/24/11 -- Market research firm Infonetics Research today released excerpts from its first quarter (1Q11) Data Center Network Equipment market size, share, and forecast report. ANALYST NOTE "After massive growth (+50%) in 2010, the data center network equipment market is slowing significantly in 2011, as some of the 2010 drivers like pent-up demand disappear and new challenges arise, such as slowing public sector spending. This dynamic is already playing out, with sales down on a ... read more
  • Posted at 1:48 PM
    CAMPBELL, CA -- (Marketwire) -- 06/24/11 -- Market research firm Infonetics Research today released excerpts from its first quarter (1Q11) SAN Equipment market share and forecast report, which tracks storage area network (SAN) switches and adapters. "We see steady growth ahead for the overall SAN equipment market. The long shift to cloud computing will propel the SAN switch market to more than triple from 2010 to 2015, and we forecast the SAN adapter market to grow at a 20% ... read more
  • Posted at 1:48 PM
    PALO ALTO, CA -- (Marketwire) -- 06/24/11 -- This week at GigaOM's Structure conference, Big Switch Networks, a new company building an OpenFlow-based platform to bring the benefits of virtualization and cloud architecture to enterprise networks, talked about how networking hasn't kept up with the innovation in the area of server virtualization and how networking needs a VMware. "OpenFlow was definitely one of the hottest topics at GigaOM's Structure conference this year, and everyone was talking about ways to ... read more
  • Posted at 1:44 PM
    Citizens Against Government Waste (CAGW) today released its preliminary analysis of the House version of the fiscal year (FY) 2012 Department of Defense Appropriations Act. The bill includes $530 billion for non-emergency defense spending – an increase of $17 billion over FY 2011 and $9 billion ... read more
  • Posted at 1:40 PM
    ALAMEDA, Calif., June 24, 2011 /PRNewswire/ --- Abbott Diabetes Care is working with the U.S. Food and Drug Administration, Office of Criminal Investigations, the Federal Bureau of Investigation and other law enforcement officials to recover one tractor-trailer shipment of blood glucose monitoring products that was reported stolen from a shipping carrier facility in Louisville, Ky. on June 19. Practitioners, pharmacies, and consumers are advised to purchase Abbott Diabetes Care blood glucose monitoring products only from well established, trusted and reputable ... read more
  • Posted at 1:36 PM
    At today's hearing of the Western Hemisphere Subcommittee, Chairman Connie Mack (FL-14) again called on the Obama Administration to cease their delaying of placing Venezuela on the "State Sponsor of Terrorism List." The hearing, "Venezuela's Sanction able Activity," was held to provide oversight of sanctions available for the State Department and Treasury Department to dissuade illicit activity in our Hemisphere. To date, the Obama Administration has underutilized these tools allowing ruthless dictator Hugo Chavez to profit from the drug trade, ... read more
  • Posted at 1:35 PM
    Sierra Nevada Corporation (SNC) CEO Fatih Ozmen announced today Sierra Nevada Space Systems has completed two significant milestones as part of the Commercial Crew Development Round 2 (CCDev2) Program. SNC is building the Dream Chaser, a Space Shuttle-like human spacecraft for NASA to provide astronaut transport to the International Space Station (ISS). Under the CCDev2 program, SNC will conduct multiple spacecraft hardware milestones and other development activities over the next year, culminating in a system-level Preliminary Design Review (PDR) and ... read more
  • Posted at 1:35 PM
    JHP Pharmaceuticals ("JHP") announced today that Stuart Hinchen would succeed Peter Jenkins as Chief Executive Officer of the company effective July 1, 2011. Stuart Hinchen has acted as JHP's President and Chief Operating Officer since the formation of the company in 2007. Peter Jenkins commented: "Over the past four years we have established JHP on a secure financial and operational basis with growing revenues and strong profitability as well as put in place an assured platform for growth in both ... read more
  • Posted at 1:30 PM
    ATLANTA, GA -- (Marketwire) -- 06/24/11 -- Searchlight Solutions Ltd. (PINKSHEETS: SLLN) today comments on recent reports that highlight the growth potential of the cloud computing industry. TG Daily reports cloud computing market to hit $121.1 billion by 2015. http://www.tgdaily.com/software-features/51969-cloud-computing-market-to-hit-1211-billion-by-2015 TMC News reported that the global market for cloud computing will grow from $40.7 billion in 2011 to more than $241 billion in 2020. http://it.tmcnet.com/channels/cloud-computing/articles/183619-41-billion-cloud-computing-market-2011-241-million.htm Searchlight Scientific, Inc., a wholly owned subsidiary, is launching its HPC2 ("High Performance Cloud ... read more
  • Posted at 1:30 PM
    Xplore Technologies Corp. (OTCMarkets.com - XLRT), a manufacturer of award-winning rugged tablet PCs, today reported revenue of $17,759,000 for the fiscal year ended March 31, 2011, as compared to $21,940,000 for the fiscal year ended March 31, 2010, a decrease of approximately 19 percent. ... read more
  • Posted at 1:30 PM
    Columbia Laboratories, Inc. (Nasdaq: CBRX) today announced that it was added to the Russell 3000® Index effective following the market close on Friday, June 24, 2011. The Russell 3000 serves as the U.S. component to the Russell Global Index. ... read more
  • Posted at 1:30 PM
    Midas Medici Group Holdings, Inc. ("Midas") (OTC Bulletin Board: MMED), an innovative green IT company in the fields of virtualization, cloud computing and data management, as well as Smart Grid solutions, today announces the release of a SmallcapInsights.com article by seasoned and respected Wall Street professional Dr. John Faessel. Entitled "The Growth Engine of the 21st Century: Hyperdigitization," Dr. Faessel discusses Midas Medici's business model in the expanding green IT and Smart Grid industries, including the role of increasing Hyperdigitization driven ... read more
  • Posted at 1:30 PM
    The National Science Foundation (NSF) will take the lead with NASA and two other federal agencies to support the administration's National Robotics Initiative. (Logo: http://photos.prnewswire.com/prnh/20081007/38461LOGO) The initiative complements the administration's Advanced Manufacturing Initiative and technology transfer efforts and supports the development and use of robots in the United States that work beside or cooperatively with people and that enhance individual human capabilities, performance and safety. "To help everyone from factory workers to astronauts carry out more complicated tasks, NASA and other agencies will ... read more
  • Posted at 1:15 PM
    FleetCor Technologies, Inc. (NYSE: FLT) today announced that it has entered into a new five year, $900 million credit facility. Bank of America is the administrative agent for the new agreement and joint lead arrangers are Merrill Lynch, J.P. Morgan and Wells Fargo. ... read more
  • Posted at 1:14 PM
    Amkor Technology, Inc. (NASDAQ: AMKR) today announced that it has completed its redemption of all of the outstanding 9.25% Senior Notes due 2016 that were not tendered pursuant to the previously announced tender offer, which expired on June 14, 2011. The redemption date for the Notes ... read more
  • Posted at 12:57 PM
    Media6Degrees (M6D), the pioneer in Social Targeting™, today announced that David Bell has joined its board of directors. Bell is a legend in the advertising and marketing communications industry, having served as Chairman and CEO of Bozell Worldwide, True North Communications, and ultimately Interpublic Group of ... read more