Archive for November, 2013

(UNIS) Supply Agreement with MedImmune for Wearable Injectable Drug Delivery Devices

YORK, Pa., Nov. 11, 2013 — Unilife Corporation (NASDAQ: UNIS, ASX: UNS), a U.S. based designer, developer and manufacturer of injectable drug delivery systems, today announced an agreement with MedImmune, the global biologics research and development arm of AstraZeneca, to customize and supply devices from its platform of wearable injectors for use with molecules in MedImmune’s pipeline.

Under this agreement, Unilife will supply MedImmune with customized devices from its platform of ReadyToGo™ wearable injectors. Several drug candidates from MedImmune’s portfolio may be selected for use with Unilife’s wearable injectors under the agreement.

Mr. Alan Shortall, Chief Executive of Unilife, said, “This is the dawn of a new era for injectable drug delivery where a very sophisticated new class of wearable, disposable devices will allow patients to deliver the most advanced therapies with maximum comfort and convenience.  I am delighted that Unilife is setting the standard in serving biotech customers, such as MedImmune, and their patients within this category.”

“We are pleased that MedImmune selected Unilife’s technology after conducting a thorough evaluation process to identify simple and convenient wearable injectors that can be used to administer an injectable therapy wherever the patient is,” Mr. Shortall concluded.

Unilife will generate revenue starting in the first quarter of fiscal 2014 on the basis of the customization and supply of its products to MedImmune.  Additional terms of the contract have not been disclosed.

The wearable injection category is expected to generate device sales in excess of $3 billion within five to seven years.

Conference Call Information

Unilife is hosting its quarterly earnings conference call at 4:30 p.m. U.S. EST today, during which the Unilife management team will review its financial results for the quarter ended September 30, 2013, this contract, other commercial partnerships and its future outlook. To listen, please go to: http://ir.unilife.com/events.cfm.

About the ReadyToGo Wearable Injectors

The Unilife portfolio of ReadyToGo wearable injectors is a game-changing platform that addresses the unmet needs of biotech customers in delivering high-dose volume therapies wherever the patients are.  The ReadyToGo wearable injectors are supplied to the patient prefilled with the drug and ready-for-injection with no extra steps or parts required. Only three simple steps are required to inject the dose: peel, stick, click, with an on-body safety interlock, a Flexwear™ comfort catheter and an electronic user interface among an array of features that maximize patient comfort and awareness during all stages of use. The devices are designed to minimize disruption to a patient’s normal daily lifestyle during the period of dose delivery.

The ReadyToGo wearable injectors are designed for integration with standard filling processes, utilize standard materials in the primary drug container and require no terminal sterilization. A fully programmable delivery regimen allows the bolus, basal or variable rate of dose delivery to be customized to specific customer, therapy and patient requirements. The electronics in the device can be easily detached and disposed for markets that require special electronics disposal procedures. A video of Unilife’s platform of wearable injectors can be viewed on the Unilife website at http://bit.ly/19MYWTA.

About Unilife Corporation

Unilife Corporation (NASDAQ:UNIS / ASX: UNS) is a U.S. based developer and commercial supplier of injectable drug delivery systems. Unilife’s broad portfolio includes prefilled syringes with automatic needle retraction, drug reconstitution delivery systems, auto-injectors, wearable injectors, ocular delivery systems and novel devices. Each of these innovative, differentiated platforms can be customized by Unilife to address specific customer, drug and patient requirements. Unilife’s global headquarters and state-of-the-art manufacturing facilities are located in York, PA. For more information, please visit www.unilife.com or download the Unilife IRapp on your iPhone, iPad or Android device.

Forward-Looking Statements

This press release contains forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future are forward-looking statements. These forward-looking statements are based on management’s beliefs and assumptions and on information currently available to our management. Our management believes that these forward-looking statements are reasonable as and when made. However, you should not place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results, events and developments to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in “Item 1A. Risk Factors” and elsewhere in our Annual Report on Form 10-K and those described from time to time in other reports which we file with the Securities and Exchange Commission.

General: UNIS-G

Investor and PR Contacts (US):   Analyst Enquiries Investor Contacts (Australia)
Todd Fromer / Garth Russell Lynn Pieper Jeff Carter
KCSA Strategic Communications Westwicke Partners Unilife Corporation
P: + 1 212-682-6300 P: + 1 415-202-5678 P: + 61 2 8346 6500
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(SLTM) to Present at CanaccordGenuity Medical Technology & Diagnostics Forum

HAYWARD, Calif., Nov. 11, 2013  — Solta Medical, Inc. (NASDAQ: SLTM), a global leader in the medical aesthetics market, today announced that it will present at the CanaccordGenuity Medical Technology & Diagnostics Forum in New York on Thursday, November 14, 2013 at 11:00 am ET.  Mark Sieczkarek, Interim Chief Executive Officer of Solta Medical, will participate in a fireside chat to discuss the Company’s business strategy and recent corporate events.

Solta will offer a live audio webcast of the presentation that may be accessed on the Investor Relations section of the Company’s website at www.solta.com or by using the following link: http://wsw.com/webcast/canaccord12/. A replay of the webcast also will be archived and available for 90 days.

About Solta Medical, Inc.
Solta Medical, Inc. is a global leader in the medical aesthetics market providing innovative, safe, and effective solutions for patients that enhance and expand the practice of medical aesthetics for physicians. The Company offers aesthetic energy devices for skin resurfacing and rejuvenation, acne reduction, body contouring and skin tightening, as well as tools and accessories to optimize the latest liposuction techniques. Each brand is an established category leader, and together comprise of a comprehensive platform to address a range of aesthetic skin and body issues. Fraxel® delivers minimally-invasive clinical solutions to resurface aging and sun damaged skin. Clear + Brilliant® is a cost-effective, non-ablative laser treatment uniquely designed to improve skin tone and radiance. Isolaz® acne treatment combines vacuum and painless broadband light to address a wide variety of acne types. CLARO® is an FDA-cleared personal care acne device that uses heat and light to clear skin quickly and naturally. Thermage® is a non-invasive radiofrequency procedure that improves the appearance of wrinkles, which can result in smoother, more contoured skin. Liposonix® is a non-surgical single-treatment procedure that uses advanced high-intensity focused ultrasound technology to destroy targeted fat beneath the skin. VASERshape™ is a complementary non-invasive treatment that combines low frequency, non-focused ultrasound and lymphatic massage to temporarily reduce the appearance of cellulite and improve blood circulation with minimal pain or no downtime. The VASERlipo™ system uses ultrasound technology to selectively remove unwanted body fat. It includes VentX® technology that powers an aspiration system for quiet, efficient removal of fatty tissue and precision vented cannulas to maximize aspiration efficiency and speed. VASERsmooth™ is a unique body sculpting add-on tool for use with the VASERlipo system. PowerX® is a power-assisted liposuction system that uses a unique rotational motion which can be used with the VASERlipo system or to enhance traditional liposuction systems. The TouchView® system fits between the fingers and provides diagnostic imaging of subcutaneous structures during procedures. Both the VASERlipo system and traditional liposuction systems can utilize the Origins™ products, a complete line of custom liposuction infiltration, re-injection and aspiration cannulas and accessories. More than two and a half million procedures have been performed with Solta Medical’s portfolio of products around the world.

For more information about Solta, call 1-877-782-2286 or log on to www.Solta.com.

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(SMSI) and Gemalto Join Forces to Help Mobile Operators Monitor Mobile Network Traffic

Gemalto Expands Its Robust Connectivity Platform to Include Smith Micro’s Solution for Network Traffic Management

Gemalto Expands Its Robust Connectivity Platform to Include Smith Micro’s Solution for Network Traffic Management

ALISO VIEJO, CA–(Nov 11, 2013) – Smith Micro Software, Inc. (NASDAQ: SMSI) today announced its NetWise™ solutions for network and device management are now offered by Gemalto, the world leader in digital security, to help operators across the globe manage data traffic across 3G, 4G and Wi-Fi networks more efficiently.

Gemalto provides advanced mobile solutions to 450 mobile operators around the world. By integrating Smith Micro’s NetWise platform with Gemalto’s LinqUs Advanced Connectivity Offer, Gemalto will enable their customers to enforce traffic management policies and seamlessly offload subscribers to Wi-Fi networks to ensure the best possible quality of service.

“With the exploding growth of mobile data traffic around the world, it is critical for operators to efficiently utilize Wi-Fi networks as part of their overall network strategy. Cooperation with Smith Micro allows Gemalto to expand its portfolio of advanced mobile solutions. Our combined technologies will give operators a flexible, targeted approach to traffic management that is highly effective in addressing mobile data congestion and quality of service,” said Jean-François Schreiber, SVP Telecom BU, Solutions and Services at Gemalto.

“The NetWise platform was designed to provide intelligent, policy-driven connectivity to meet the unique needs of each operator. This joint effort with Gemalto enables us to expand our global footprint and gain leverage from their extensive operator relationships. Our collaboration is already bearing fruit, as we’ve already signed up a joint customer,” said Dan Rawlings, Chief Revenue Officer at Smith Micro.

The NetWise platform includes network and device management solutions that help operators control network connections and meet data traffic challenges head-on. For more information visit:

About Smith Micro Software, Inc.:
Smith Micro Software provides solutions that simplify, secure and enhance the mobile experience. Our portfolio includes a wide range of applications that manage broadband connectivity, data traffic, devices, voice and video communications over wireless networks. With 30 years of experience developing world-class client and server software, Smith Micro helps the leading mobile network operators, device manufacturers and enterprises increase efficiency and capitalize on the growth of mobile-connected consumers and workforces. For more information, visit smithmicro.com. (NASDAQ: SMSI)

Safe Harbor Statement:
This release contains forward-looking statements that involve risks and uncertainties, including without limitation, forward-looking statements relating to the company’s financial prospects and other projections of its performance, the existence of new market opportunities and interest in the company’s products and solutions, and the company’s ability to increase its revenue and regain profitability by capitalizing on these new market opportunities and interest and introducing new products and solutions. Among the important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are changes in demand for the company’s products from its customers and their end-users, customer concentration given that the majority of our sales depend on a few large client relationships, including Sprint, new and changing technologies, customer acceptance and timing of deployment of those technologies, new and continuing adverse economic conditions, and the company’s ability to compete effectively with other software companies. These and other factors discussed in the company’s filings with the Securities and Exchange Commission, including its filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management regarding future events and business performance as of the date of this release, and the company does not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.

Smith Micro, VIDIO, and the Smith Micro logo are registered trademarks or trademarks of Smith Micro Software, Inc. All other trademarks and product names are the property of their respective companies.

PRESS INQUIRIES:
Suzanne Runald
Smith Micro Software, Inc.
+1 (949) 362-5800
Email Contact

Lauren Grassetti
LEWIS PR for Smith Micro
+1 (619) 677-2700
Email Contact

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(GALE) Initial Folate Binding Protein Vaccine Phase 1 Trial Results Presented

  • Folate Binding Protein (FBP) shown to be safe and immunogenic in its Phase 1 trial
  • Phase 2a trial expected to initiate by year end

PORTLAND, Ore., Nov. 11, 2013  — Galena Biopharma (Nasdaq:GALE), a biopharmaceutical company developing and commercializing innovative, targeted oncology treatments that address major unmet medical needs to advance cancer care, today announced a poster presentation at the Society for Immunotherapy of Cancer (SITC) Conference 2013 on November 7-10, 2013, in National Harbor, Maryland. The data presented are the results of the Phase 1 portion of the trial for the Folate Binding Protein (FBP) vaccine. FBP is a folate receptor alpha-derived, peptide-based cancer immunotherapy administered to HLA A2 positive patients in combination with granulocyte macrophage-colony stimulating factor (GM-CSF) as an adjuvant treatment to prevent recurrences in high-risk, endometrial and ovarian cancer patients rendered disease-free after completing standard of care therapy.

The poster presentation entitled “Phase 1 Trial Results of a Folate Receptor Alpha-directed Cancer Vaccine (E39) in Ovarian and Endometrial Cancer Patients to Prevent Recurrence,” showed that the FBP vaccine is both safe and immunogenic. The primary outcome of the Phase 1 trial was to determine safety and the optimal dose, with a secondary outcome to look for an initial efficacy signal and immunological response. The optimal dose was determined to be 500 mcg peptide combined with 250 mcg GM-CSF. FBP proved to be well tolerated, with largely Grade 1 toxicities, primarily consisting of injection site reactions. After a median follow-up of six months, there have been 2 recurrences (13.3%; n=15) in the vaccine group vs. 4 recurrences (25%, n=16) in the control group, although the trial was not powered for any efficacy measurements.

“New approaches are needed for ovarian and endometrial cancer patients who face a high risk of disease recurrence. The initial results from the Phase 1 trial show that the FBP vaccine may be a potential cancer immunotherapy treatment to prevent recurrence in these high risk patient populations,” concluded Dr. Erika J. Schneble, San Antonio Military Medical Center, San Antonio, TX who presented the results at the SITC conference.

The Phase 1 component was a 3×3, dose-escalation, safety trial enrolling disease-free endometrial and ovarian cancer, HLA-A2 positive patients into the vaccine group, while HLA-A2 negative patients were being followed prospectively as an untreated control group. Six monthly intradermal inoculations of either 100mcg, 500mcg, or 1000mcg of peptide vaccine + 250 mcg GM-CSF immunoadjuvant were administered during the primary vaccine series. Immunologic responses were assessed by both local reaction after each inoculation and by delayed-type hypersensitivity (DTH) reaction measured pre-vaccination and after the primary vaccine series. Recurrences are determined clinically. Thirty-one patients were enrolled in the Phase 1 trial: 15 in the vaccine group and 16 in the active control group. There were no significant differences in age, grade, stage, or nodal status between groups. Overall, the vaccine was well tolerated with the majority of local and systemic toxicities Grade 1 (maximum local toxicity: 93% Grade 1; maximum systemic toxicity: 60% Grade 1). Local skin reactions increased from the first to the third injections, and then plateaued for the remainder of therapy.

“We are encouraged by the initial results of our Phase 1 trial with the FBP vaccine, showing that it is well-tolerated and demonstrated promising immune responses in high risk gynecological cancers,” said Mark J. Ahn, President and Chief Executive Officer of Galena Biopharma. “As a result, we are moving forward with the Phase 2a component which will be initiated by year end and will include the enrollment of additional patients at the optimal dose as well implementing a booster regimen.”

About Folate Binding Protein (FBP)

Folate Binding Protein (FBP) is highly over-expressed in breast, ovarian and endometrial cancers and is a well-validated therapeutic target. FBP is the source of immunogenic peptides that can stimulate cytotoxic T lymphocytes (CTLs) to recognize and destroy presenting FBP-expressing cancer cells. The FBP vaccine consists of the FBP peptide(s) combined with the immune adjuvant, granulocyte macrophage-colony stimulating factor (GM-CSF). Galena’s FBP vaccine is currently in a Phase 1/2 trial in two gynecological cancers: ovarian and endometrial adenocarcinomas.

About Ovarian/Endometrial Cancers

Ovarian cancer occurs in over 22,000 patients per year in the U.S. and is the most lethal gynecologic cancer. Despite the incidence of ovarian cancer being only approximately 20% of that of breast cancer, the number of patients that die from ovarian cancer is nearly 50% of that of breast cancer. Due to the lack of specific symptoms, the majority of ovarian cancer patients are diagnosed at later stages of the disease. These patients have their tumors routinely surgically debulked to minimal residual disease, and then are treated with platinum- and/or taxane-based chemotherapy. While most patients respond to this treatment regimen and become clinically free-of-disease, the majority of these patients will relapse, and once the disease recurs, the treatment options and successes drop dramatically.

Endometrial cancer is the most common gynecologic cancer and occurs in over 46,000 women, with over 8,000 deaths, in the U.S. annually. There are two basic types of endometrial cancer: endometriod and papillary serous. The latter has a much more aggressive clinical course and the majority of these patients will die of this form of the disease.

About Galena Biopharma

Galena Biopharma, Inc. (Nasdaq:GALE) is a Portland, Oregon-based biopharmaceutical company developing and commercializing innovative, targeted oncology treatments that address major unmet medical needs to advance cancer care. For more information please visit: www.galenabiopharma.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the preliminary results Galena’s clinical trials and planned additional trials. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those identified under “Risk Factors” in Galena’s Annual Report on Form 10-K for the year ended December 31, 2012 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2013 filed with the SEC. Actual results may differ materially from those contemplated by these forward-looking statements. Galena does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this press release.

CONTACT: Remy Bernarda
         Senior Director, Communications
         (503) 405-8258
         rbernarda@galenabiopharma.com
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(OXBT) Receives $6 Million in Net Proceeds from Warrant Exercises

Oxygen Biotherapeutics, Inc., (NASDAQ:OXBT) a developer of oxygen-carrying therapeutics, today announced the Company has received approximately $6 million through the exercise of 2,294,874 warrants between November 4, 2013 and November 6, 2013. These warrants were issued by the Company in connection with its July 2013 Series C 8% Convertible Preferred Stock financing. Following these warrant exercises, 9,112,307 shares of the Company’s common stock were issued and outstanding as of November 7, 2013.

“The exercise of these warrants increases our current cash on hand to approximately $8.4 million. Upon closing of the previously announced Phyxius Pharma transaction, we expect to be in a position to commence the Phase 3 FDA trial of levosimendan for the prevention and treatment of low cardiac output syndrome in heart surgery patients,” stated Michael Jebsen, Oxygen Biotherapeutics President, CFO and Interim CEO.

About Oxygen Biotherapeutics, Inc.

Oxygen Biotherapeutics, Inc. is developing medical products that efficiently deliver oxygen to tissues in the body. The company has developed a proprietary perfluorocarbon (PFC) therapeutic oxygen carrier called Oxycyte® that is currently in clinical and preclinical studies for intravenous delivery for indications such as traumatic brain injury, decompression sickness and stroke. The company is also developing PFC-based creams and gels for topical delivery to the skin for dermatologic conditions and potentially wound care.

Caution Regarding Forward-Looking Statements

This news release contains certain forward-looking statements by the Company that involve risks and uncertainties and reflect the company’s judgment as of the date of this release. The forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, the likelihood of the consummation of the Phyxius transaction, as well as the successful integration of Phyxius into the Company, the Company’s actual cash flows following consummation of the Phyxius transaction, delays in new product introductions and customer acceptance of these new products, and other risks and uncertainties as described in our filings with the Securities and Exchange Commission, including in the current Form 10-Q filed on September 17, 2013, and our annual report on Form 10-K filed on June 26, 2013, as well as other filings with the SEC. The company disclaims any intent or obligation to update these forward-looking statements beyond the date of this release. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

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(YOD) Goes Mobile in China with Huawei

NEW YORK, Nov. 8, 2013 — YOU On Demand Holdings, Inc. (NASDAQ: YOD) (“YOU On Demand” or “the Company”), a leading mobile entertainment and Video On Demand platform in China, today announced a distribution agreement with Huawei, a leading global information and communications technology (ICT) solutions provider and the third largest global smartphone manufacturer, to offer feature films through YOU On Demand’s newly launched mobile application (App), YOU Cinema.

Beginning Monday, November 11th, the YOU Cinema App will come preloaded on Huawei Mate smartphones and will feature recently released and library movie titles from YOU On Demand content partners, including Paramount Pictures.

Engineered to offer a first-class mobile viewing experience, the Mate will be marketed to Chinese consumers as the “Movie Phone.”  Owners of the device will be the first in China to experience YOU Cinema’s extensive and groundbreaking movie service, which will offer such blockbuster titles as G.I. Joe: Retaliation and Star Trek Into Darkness. The Mate will be available for purchase on Huawei’s VMall B2C e-commerce platform and website, www.vmall.com.

“In order to adapt to the revolutionary changes that are taking place in the information industry, we all have to make strategic moves in addressing today’s consumer needs. This in-depth cooperation with YOU On Demand to launch the first Movie Phone on VMall is part of our continuous innovation driven by what mobile consumers demand. This is a milestone in developing our cloud service. This bridge between movie content and device provides greater flexibility and convenience for watching movies. It is also extremely important for us in bringing users quality mobile service anytime and anywhere in the mobile internet era. At the same time, this is the first step of our strategic initiative of open cooperation with content partners and also symbolizes a new stage of our open platform strategy,” said Guoqiang Rong, CEO of Device Cloud Business, Huawei Consumer Business Group.

“We are extremely proud to be chosen by Huawei for this strategic partnership. This partnership marks the next step in YOU On Demand’s commitment and goal to provide rich and diverse content to customers anytime and anywhere on a wide variety of platforms,” said Weicheng Liu, CEO of YOU On Demand. “It has always been our mission and focus to deliver the best user experience via digital cable television, IPTV and OTT Video On Demand. This cooperation with Huawei expands our services into mobile phones, which will become the centerpiece of consumer content consumption on multiple screens across multiple platforms.”

Huawei will host an official launch event on November 8, 2013 in Beijing to promote the YOU Cinema movie App on the Huawei Mate, with representatives from Huawei and YOU On Demand scheduled to attend the event.

Since overtaking the U.S. last year in shipment volume, China’s smartphone market is now the world’s largest. Shipments are projected to grow 25% next year to 450 million units from a forecast of 360 million for this year, according to market research firm IDC.

About Huawei (www.huawei.com/en)

Huawei is a leading global ICT solutions provider. Through our dedication to customer-centric innovation and strong partnerships, we have established end-to-end capabilities and strengths across the carrier networks, enterprise, consumer, and cloud computing fields. We are committed to creating maximum value for telecom carriers, enterprises and consumers by providing competitive ICT solutions and services. Our products and solutions have been deployed in over 140 countries, serving more than one third of the world’s population.

Huawei’s vision is to enrich life through communication. By leveraging our experience and expertise in the ICT sector, we help bridge the digital divide by providing opportunities to enjoy broadband services, regardless of geographic location. Contributing to the sustainable development of society, the economy, and the environment, Huawei creates green solutions that enable customers to reduce power consumption, carbon emissions, and resource costs.

About YOU On Demand Holdings, Inc. (www.yod.com)

YOU On Demand (NASDAQ: YOD), is a leading multi-platform entertainment company delivering premium content, including leading Hollywood and China-produced movie titles, to customers across China via Subscription Video On Demand and Transactional Video On Demand. The Company has secured alliances with leading global media operators and content developers.  YOU On Demand has content distribution agreements in place with many of Hollywood’s top studios including Disney Media Distribution, Paramount Pictures, NBC Universal, Warner Bros., Miramax Films, Lionsgate and Magnolia Pictures, as well as a broad selection of the best content from Chinese filmmakers. The Company has a comprehensive end-to-end secure delivery system, governmental partnerships and approvals and offers additional value-added services. YOU On Demand has strategic partnerships with the largest media entities in China, a highly experienced management team with international background and expertise in Cable, Television, Film, Digital Media, Internet and Telecom. YOU On Demand is headquartered in New York, NY with its China headquarters in Beijing.

Safe Harbor Statement

This press release contains certain statements that may include “forward looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements

CONTACT:
Jason Finkelstein
YOU On Demand
212-206-1216
jason.finkelstein@yod.com   
@youondemand

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(CXM) Announces Publication On Use Of Excellagen For Managing Chronic Pressure Ulcers

SAN DIEGO, Nov. 8, 2013 – Cardium Therapeutics (NYSE MKT: CXM) today announced the publication of a case study, “Serial Sharp Debridement and Formulated Collagen Gel to Treat Pressure Ulcers in Elderly Long-term Care Patients”, in the peer-reviewed November 2013 issue of Ostomy Wound Management Ostomy Wound Manage. 2013;59(11):43–49.   The electronic publication of the study is available at http://www.o-wm.com/article/serial-sharp-debridement-and-formulated-collagen-gel-treat-pressure-ulcers-elderly-long-term.  The paper highlights Excellagen’s capability of promoting rapid granulation and healing in chronic pressure ulcers in elderly long-term care facility residents.

The study involved patients with chronic, non-healing pressure ulcers of over 18 months duration, despite the use of a variety of treatments, including negative pressure wound therapy.  The weekly treatment regimen consisted of sharp debridement and application of Cardium’s advanced wound care product, Excellagen.  All patients studied exhibited significant formation of new granulation tissue within their previously non-healing pressure wounds, which led to either complete wound closure or substantial wound reduction within 5 to 6 weeks of treatment.  The study also gathered feedback from the study nurses via questionnaire.  The study nurses agreed that weekly use of Excellagen “required less time and was more compatible with their busy schedules than standard care of daily (or multiple times daily) dressing changes.”

The study’s co-author, Jennifer K. Agosti, RN, Certified Wound Care Associate and Certified Foot and Nail Care Nurse, and the President of Nurse Sharks, Inc., a company focused on wound care management and infection control in long-term care facilities, stated, “I was impressed with the response to Excellagen and the dramatic speed of granulation tissue growth in these chronic wounds which had not responded to multiple other treatment interventions for over 18 months.  We believe Excellagen is a potential cost-effective therapy for the treatment of pressure ulcers and although not included in the paper, we calculated that the total costs of the previous year of treatment in these patients compared to Excellagen ranged between $10,800 and $16,500 per patient.”

Lois A. Chandler, PhD, Cardium’s Vice President, Biologics Development and co-author of the article, stated “We appreciate the contributions of the team at Nurse Sharks and look forward to the opportunity to work together on ongoing and additional case studies for the treatment of non-healing pressure ulcers in long-term care patients.  These complex and challenging wounds are generally difficult to heal, and long-term care facilities represent a setting where the cost- and resource-effectiveness of Excellagen can provide significant benefits to both the patient and the facility.”

According to the Agency for Healthcare Research and Quality, more than 2.5 million people in the U.S. develop pressure ulcers, and approximately 60,000 patients die annually as a result of them.  Lawsuits related to pressure ulcers total 17,000 annually and account for the most common claim after wrongful death.  Despite best efforts to implement guidelines for the prediction and prevention of ulcers, the prevalence remains high in long-term care facility residents.  In the acute care and long-term care settings, pressure ulcers affect more than one million patients and the annual costs of treating pressure ulcers are projected to be between $1.3 billion and $6.8 billion.

About Ostomy Wound Management

Ostomy Wound Management was founded in March of 1980 as “Ostomy Management.” In 1985, the journal expanded its content and readership by embracing the overlapping disciplines of ostomy care, wound care, incontinence care, and related skin and nutritional issues, and became the premier journal of its kind.  Ostomy Wound Management’s readers include healthcare professionals from multiple disciplines and its readers benefit from contemporary and comprehensive review and research papers that are practical, clinically oriented, and cutting edge.  Each published article undergoes a rigorous double-blind peer review by members of both the Editorial Advisory Board and the Ad-Hoc Peer Review Panel.  More information is located at http://www.o-wm.com/.

About Excellagen

Excellagen is a syringe-based, professional-use, pharmaceutically-formulated 2.6% fibrillar Type I bovine collagen homogenate that functions as an acellular biological modulator to activate the wound healing process and significantly accelerate the growth of granulation tissue.  Excellagen’s FDA clearance provides for very broad labeling including partial and full-thickness wounds, pressure ulcers, venous ulcers, diabetic ulcers, chronic vascular ulcers, tunneled/undermined wounds, surgical wounds (donor sites/graft, post-Mohs surgery, post-laser surgery, podiatric, wound dehiscence), trauma wounds (abrasions, lacerations, second-degree burns and skin tears) and draining wounds.  Excellagen is intended for professional use following standard debridement procedures in the presence of blood cells and platelets, which are involved with the release of endogenous growth factors.  Excellagen’s unique fibrillar Type I bovine collagen homogenate formulation is topically applied through easy-to-control, pre-filled, sterile, single-use syringes and is designed for application at only one-week intervals.  Additional information about Excellagen is available at www.excellagen.com.

About Cardium

Cardium is an asset-based health sciences and regenerative medicine company focused on the acquisition and strategic development of innovative products and businesses with the potential to address significant unmet medical needs and having definable pathways to commercialization, partnering or other economic monetizations. Cardium has four private company business units in its medical opportunities portfolio: (1) LifeAgain® Insurance Solutions, Inc., which is focused on the development and commercialization of its medical data analytics platform, including the Company’s recently-launched BlueMetric Select term life insurance program for men with prostate cancer; (2) Angionetic Therapeutics™, which includes Cardium’s late-stage DNA-based Generx® cardiovascular biologic product candidate; (3) Activation Therapeutics™, which includes the Company’s regenerative medicine wound healing technology platform, including its Excellagen® advanced wound care product; and (4) To Go Brands®, which includes the Company’s health sciences and nutraceutical business.  In addition, consistent with its capital-efficient business model, Cardium continues to actively evaluate new technologies and business opportunities. For more information, visit www.cardiumthx.com.

Forward-Looking Statements

Except for statements of historical fact, the matters discussed in this press release are forward looking and reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond our control and may cause actual results to differ materially from stated expectations.  For example, there can be no assurance that results or trends observed in a clinical study or follow-on case studies will be reproduced in subsequent studies or in actual use; that new clinical studies will be successful or will lead to approvals or clearances from health regulatory authorities, or that approvals in one jurisdiction will help to support studies or approvals elsewhere; that our partners will be successful in obtaining the necessary approvals or clearances from international health authorities or they can successfully commercialize Excellagen; that the company can attract suitable commercialization partners for our products or that we or partners can successfully commercialize them; that our product or product candidates will not be unfavorably compared to competitive products that may be regarded as safer, more effective, easier to use or less expensive or blocked by third party proprietary rights or other means; that the products and product candidates referred to in this report or in our other reports will be successfully commercialized and their use reimbursed, or will enhance our market value; that new product opportunities or commercialization efforts will be successfully established; that third parties on whom we depend will perform as anticipated; that we can raise sufficient capital from partnering, monetization or other fundraising transactions to maintain our stock exchange listing or adequately fund ongoing operations; or that we will not be adversely affected by these or other risks and uncertainties that could impact our operations, business or other matters, as described in more detail in our filings with the Securities and Exchange Commission. We undertake no obligation to release publicly the results of any revisions to these forward-looking statements to reflect events or circumstances arising after the date hereof.

Copyright 2013 Cardium Therapeutics, Inc.  All rights reserved.
For Terms of Use Privacy Policy, please visit www.cardiumthx.com.

Cardium Therapeutics®, Generx®, Excellagen®, LifeAgain®, BlueMetric™, Decision Rule Adaption™, ADAPT™, Angionetic Therapeutics, Activation Therapeutics are trademarks of Cardium Therapeutics, Inc. or Tissue Repair Company.  To Go Brands®,  High Octane®, Green Tea Energy Fusion™, Acai Natural Energy Boost™, Greens to Go®, Extreme Berries to Go®, Healthy Belly®, VitaRocks®, Smoothie Complete®, Trim Green Coffee Bean™, and Trim Energy®, are trademarks of To Go Brands, Inc.  Other trademarks belong to their respective owners.

Friday, November 8th, 2013 Uncategorized Comments Off on (CXM) Announces Publication On Use Of Excellagen For Managing Chronic Pressure Ulcers

(CLDX) CDX-1127 Well Tolerated and Demonstrates Anti-Tumor Activity

Very favorable safety profile; no evidence of immune related toxicities

Three patients with significant tumor shrinkage, including an ongoing CR in Hodgkin disease

Eight patients with stable disease or better; PFS range of 3.0 to 14+ months

Immune monitoring data in patients confirms CDX-1127 mechanism of action

PHILLIPSBURG, N.J., Nov. 7, 2013 — Celldex Therapeutics, Inc. (Nasdaq:CLDX) today reported data from its ongoing Phase 1 dose-escalation study of the fully human monoclonal antibody CDX-1127. The results suggest an excellent safety profile and demonstrate clear biologic activity and promising signs of clinical activity in an advanced, refractory patient population. No maximum tolerated dose has been reached to date. The data will be presented in two poster sessions (poster #144 and 146) at the 2013 Society for Immunotherapy of Cancer (SITC) Annual Meeting, November 7 – 10, 2013. In addition, a third poster (#85) will be presented on preclinical combination studies of CDX-1127 with chemotherapies and checkpoint inhibitors. The Company will host a webcast/conference call at 8:30 am ET today to discuss the results (details provided below).

“CDX-1127 has exceeded our expectations thus far in this ongoing Phase 1 dose-escalation study,” said Thomas Davis, MD, Senior Vice President and Chief Medical Officer of Celldex Therapeutics. “Our primary goal was to establish a favorable safety profile, a challenge that other agonist antibodies in this class have not been able to meet. To date, CDX-1127 has demonstrated minimal toxicity and, importantly, no evidence of worrisome overlap with toxicities seen with other immunotherapies—a critical hurdle for combination therapy. We were also very pleased to see clear evidence of biologic and anti-cancer activity in a heavily pretreated patient population. While future data from the expansion cohorts will be important to understanding single-agent activity, we are confident based on the dose-escalation data we have seen to date that we are well positioned to initiate combination studies of CDX-1127, with a particular interest in immune modulators.”

“We are encouraged by the initial safety and activity profile observed to date and believe CDX-1127 could play an important role in the field of cancer immunotherapy,” said Howard A. “Skip” Burris, III, MD, Chief Medical Officer and Executive Director of the Drug Development Program at Sarah Cannon Research Institute and a lead investigator of the Phase 1 CDX-1127 study. “An agonist with this safety and biologic activity profile has potential, particularly in combination with checkpoint inhibitors, where the ability to mount an immune response could expand the effectiveness of these compounds for more patients.”

CDX-1127 is a fully human monoclonal antibody that targets CD27, a critical molecule in the activation pathway of lymphocytes. CD27 can be effectively manipulated with activating antibodies to induce potent anti-tumor responses, and may result in less toxicities due to its restricted expression and regulation. CDX-1127 is a potent anti-CD27 agonist that induces activation and proliferation of human T cells when combined with T-cell receptor stimulation. In lymphoid malignancies that express CD27 at high levels, CDX-1127 has an additional mechanism through a direct anti-tumor effect.

Study Overview:

The Phase 1 dose-escalation study of CDX-1127 includes two arms—solid tumors and lymphoid malignancies and is designed to evaluate five doses (0.1, 0.3, 1, 3, 10 mg/kg). Enrollment is complete in the solid tumor dose-escalation arm (n=25) and expansion cohorts are ongoing in metastatic melanoma and renal cell carcinoma. In the dose-escalation lymphoid malignancies arm (n=17), enrollment recently initiated in the 10 mg/kg cohort and expanded development is being planned. Currently, first response assessments are pending for four patients across the 1 and 3 mg/kg cohorts and all patients in the 10 mg/kg cohort in the lymphoid malignancies arm. Patients enrolled in the study across both arms had advanced disease and most were heavily pretreated. Patients progressed on previous therapies and had no remaining approved treatment options before study entry. The median number of prior therapies is 5 anti-cancer (3 cytotoxic) for solid tumors and 4 anti-cancer (3 cytotoxic) for lymphoid malignancies.

Safety and Immune Monitoring Overview:

In the solid tumor dose-escalation phase, CDX-1127 was associated with minimal toxicity including at the highest dose levels through multiple cycles. No maximum tolerated dose was reached. The most common treatment-related adverse events were decreased appetite (12%) and fatigue (12%). One patient experienced a dose limiting toxicity (DLT), a Grade 3 transient asymptomatic hyponatremia 14 days after a single 1.0 mg/kg dose of CDX-1127. Hyponatremia has not been attributed to CDX-1127 in any other patient. The safety data from the lymphoid malignancies arm also show that CDX-1127 has been well tolerated with no DLTs to date.

The preliminary assessment of pharmacokinetics demonstrates significant exposure to CDX-1127 throughout the duration of the study period. Immune monitoring assessments conducted in the solid tumor arm support the overall safety profile and also demonstrate that CDX-1127 induces immunologic activity in patients that is consistent with both its mechanism of action and preclinical models, including an increase in Natural Killer cells and in T cells that express the activation marker, HLA-DR. The study also identified the serum chemokine, interferon-gamma inducible protein 10 (IP-10) as a significant biomarker for CDX-1127 treatment. Of note, the study confirms that CDX-1127 does not induce major lymphocyte depletion, but does reduce the number of regulatory T cells, which are thought to have immune suppressive activity. Taken together, these markers demonstrate clear evidence of lymphocyte activation—the direct purpose of CDX-1127 therapy.

Clinical Activity Overview:

Across both arms, eight patients experienced stable disease or better with a PFS range of 3.0 to 14+ months. In addition, three patients experienced significant tumor shrinkage, including a complete response as outlined below.

  • A 28 year old female with Stage IV Hodgkin lymphoma achieved a complete response, including complete resolution of B symptoms (drenching sweats, pruritus and weight loss)—an important marker of disease activity in Hodgkin disease, after three cycles of CDX-1127 (0.3 mg/kg). The patient remains in remission at 8.6+ months. During treatment, the area of measurable lesions first increased and then regressed. This pattern is consistent with the current perception of an immune mediated response. The patient was heavily pretreated, including high dose chemotherapy with autologous marrow transplantation, and most recently had progressed after less than one month on Adcetris™ plus chemotherapy.
  • A 69 year old male with Stage IV colorectal cancer metastatic to the liver, lung and peritoneum was treated with CDX-1127 (1 mg/kg) and had a 33% unidimensional shrinkage of measurable disease and a PFS of 5.7 months. The shrinkage was associated with small, new lesions representing a mixed response. The patient had previously received multiple agents, including Avastin® and most recently had progressed through Xeloda®/radiation at two weeks.
  • A 67 year old male with Stage III marginal zone B-cell lymphoma who received CDX-1127 (0.3 mg/kg) experienced a 36% shrinkage of measurable disease, including complete disappearance of disease in the inguinal and iliac regions and had a PFS of 5.6 months. The patient was very heavily pretreated with 10 prior regimens of cytotoxic, radiation and Rituxan® therapy.

Two patients received all five cycles of treatment and were on trial for greater than a year, including:

  • An 83 year old male with Stage IV renal cell carcinoma metastatic to liver and lung who remains progression-free at 14+ months after study entry, and
  • A 52 year old male with Stage IV follicular lymphoma who had a PFS of 14 months.

The Company also reported very early data from the solid tumor expansion cohorts, where CDX-1127 has been well-tolerated to date. The melanoma cohort has accrued 14 patients at 3 mg/kg with eight patients continuing treatment, seven who have not yet been seen for the first assessment of response. One patient with uveal melanoma who is entering the third round of treatment has experienced a 12% shrinkage of measurable disease by RECIST and stable disease is ongoing at 5.7 months. The renal cell carcinoma arm has accrued eight patients at 3 mg/kg with seven continuing treatment, all of whom have not yet been seen for the first assessment of response.

In a separate poster, the Company reported new data of CDX-1127 in combination therapy using mouse tumor models. Agents that induce tumor killing to provide a source of antigen and agents that block T cell inhibitory molecules were chosen for their potentially complementary mechanisms of action. Employing challenging treatment settings where single agent activity is limited, a clear survival benefit was observed with CDX-1127 combinations of cyclophosphamide or checkpoint blockade. These studies, together with the favorable safety profile and activity data from the Phase 1 trial with CDX-1127, support the initiation of combination trials with conventional and immune-based therapies.

Webcast/Conference Call Information:

Celldex management will host a conference call/webcast at 8:30 am ET today to discuss the CDX-1127 program. Mario Sznol, MD, Professor, Internal Medicine, Vice-Chief, Section of Medical Oncology, Co-director, Yale Spore in Skin Cancer and Translational Research Leader, Melanoma Program at Yale Cancer Center and Dr. Madhav Dhodapkar, MBBS, Professor of Medicine and Chief, Section of Hematology at Yale Cancer Center will join the call.

The conference call and presentation will be webcast live over the Internet and can be accessed by logging on to the Events & Presentations section under “Investors and Media” of the Celldex Therapeutics website at www.celldex.com. The call can also be accessed by dialing (866) 743-9666 (within the United States) or (760) 298-5103 (outside the United States). The passcode is 93902541.

A replay of the call will be available approximately one week after the live call concludes through November 14, 2013. To access the replay, dial 855-859-2056 (within the United States) or 404-537-3406 (outside the United States). The passcode is 93902541. The webcast will also be archived on the Company’s website.

Adcetris is a registered trademark of Seattle Genetics; Avastin and Xeloda are registered trademarks of Roche; Rituxan is a registered trademark of Biogen.

About Celldex Therapeutics, Inc.

Celldex is developing targeted therapeutics to address devastating diseases for which available treatments are inadequate. Our pipeline is built from a proprietary portfolio of antibodies and immunomodulators used alone and in strategic combinations to create novel, disease-specific therapies that induce, enhance or suppress the body’s immune response. Visit www.celldex.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including those related to the Company’s strategic focus and the future development and commercialization (by Celldex and others) of rindopepimut (CDX-110), Glembatumumab vedotin (“glemba”; CDX-011), CDX-1135, CDX-1401, CDX-1127, CDX-301, Belinostat and other products. Forward-looking statements reflect management’s current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, they give no assurance that such expectations will prove to be correct and you should be aware that actual results could differ materially from those contained in the forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, our ability to successfully complete research and further development and commercialization of rindopepimut, glemba and other drug candidates, our ability to obtain additional capital to meet our long-term liquidity needs on acceptable terms, or at all, including the additional capital which will be necessary to complete the clinical trials that we have initiated or plan to initiate; our ability to adapt our APC Targeting TechnologyTM to develop new, safe and effective vaccines against oncology and infectious disease indications; our ability to successfully complete product research and further development of our programs; the uncertainties inherent in clinical testing; our limited experience in bringing programs through Phase 3 clinical trials; our ability to manage research and development efforts for multiple products at varying stages of development; the timing, cost and uncertainty of obtaining regulatory approvals; the failure of the market for the Company’s programs to continue to develop; our ability to protect the Company’s intellectual property; the loss of any executive officers or key personnel or consultants; competition; changes in the regulatory landscape or the imposition of regulations that affect the Company’s products; and other factors listed under “Risk Factors” in our annual report on Form 10-K.

All forward-looking statements are expressly qualified in their entirety by this cautionary notice. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. We have no obligation, and expressly disclaim any obligation, to update, revise or correct any of the forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Sarah Cavanaugh
         Vice President of Investor Relations &
         Corp Communications
         Celldex Therapeutics, Inc.
         (781) 433-3161
         scavanaugh@celldex.com
Thursday, November 7th, 2013 Uncategorized Comments Off on (CLDX) CDX-1127 Well Tolerated and Demonstrates Anti-Tumor Activity

(NURO) to Present at Canaccord Genuity Medical Technology & Diagnostics Forum

NeuroMetrix, Inc. (Nasdaq: NURO), www.neurometrix.com, a medical device company focused on the treatment and management of the neurological complications of diabetes, today announced that Shai N. Gozani M.D., Ph.D., President and Chief Executive Officer, is scheduled to speak at the Canaccord Genuity Medical Technology & Diagnostics Forum at The Westin Grand Central, New York, NY on November 14, 2013. Dr. Gozani intends to provide an update on the Company’s business activities with particular emphasis on its SENSUS pain management system for relief of chronic intractable pain, including pain associated with diabetic neuropathy.

NeuroMetrix’s presentation is scheduled for Thursday, November 14, 2013 at 8:00 am (Eastern Daylight Time). A live audio webcast will be available on the investor relations section of the corporate website – www.neurometrix.com. This webcast will be archived after the live event.

About NeuroMetrix

NeuroMetrix is a medical device company that develops and markets home use and point-of-care devices for the treatment and management of chronic pain, peripheral neuropathies, and associated neurological disorders. The Company is presently focused on diabetic neuropathies, which affect over 50% of people with diabetes. If left untreated, diabetic neuropathies trigger foot ulcers that may require amputation and cause disabling chronic pain. The annual cost of diabetic neuropathies has been estimated at $14 billion in the United States. The company markets the SENSUS™ Pain Management System for treating chronic pain, focusing on physicians managing patients with painful diabetic neuropathy. The company also markets the DPNCheck® device, which is a rapid, accurate, and quantitative point-of-care test for diabetic neuropathy. This product is used to detect diabetic neuropathy at an early stage and to guide treatment. For more information, please visit http://www.neurometrix.com.

Thursday, November 7th, 2013 Uncategorized Comments Off on (NURO) to Present at Canaccord Genuity Medical Technology & Diagnostics Forum

(CYTR) MissionIR Releases Exclusive Audio Interview With CytRx Management

ATLANTA, GA–(Nov 7, 2013) – MissionIR today announces the online availability of its interview with CytRx Corp. (NASDAQ: CYTR) President and Chief Executive Officer Steven Kriegsman, as well as the company’s Vice President of Business Development and Investor Relations David Haen. The full audio interview is available at: http://cytr.missionir.com/interview.html.

CytRx is a biopharmaceutical R&D company developing cancer drugs for several indications. The company’s primary focus is on its proprietary delivery technology for potent oncology therapies.

The company’s lead candidate, aldoxorubicin, is an improved version of the widely used chemotherapy agent, doxorubicin. A pivotal Phase 3 trial with a special protocol assessment is scheduled to begin in the first quarter of 2014 and top-line Phase 2b results are expected in December 2013. These are just a few developments in the company’s pipeline, which are further detailed in the interview.

“We have a technology that allows us to optimize chemotherapy agents as well as other anti-cancer agents,” Haen stated in the interview, describing aldoxorubicin and reinforcing Kriegsman’s statements. “We’re not seeing nearly the systemic toxicity one typically thinks of when you hear of chemotherapy… here we think we have a way to optimize it. Aldoxorubicin is really the proof of principal and the goal is to work with our collaborators in Freiburg, Germany, to develop additional molecules based on other chemotherapy payloads.

Kriegsman and Haen discuss their own backgrounds and experience in the industry, as well as detail the rest of the company’s management team.

Wrapping up the interview, Kriegsman highlights 2013 achievements and provides insight to recent company news and important upcoming developments.

Interview Transcript

Stuart Smith:
Welcome one, welcome all, to this online business briefing where we shine a spotlight on today’s smartest plays in the market. Today we are speaking with CytRx Corporation. The company is traded on the NASDAQ CM market under the ticker symbol CYTR. We are joined by two guests from the company. The President and CEO of the company, Steven Kriegsman, as well as David Haen. He’s the Vice President of Business Development and Investor Relations. Let’s go ahead and welcome Steven. First Steven, how you doing today?

Steven Kriegsman:
Very well, Stuart.

Stuart Smith:
Thank you so much for taking your time. And David, let’s hear from you. How are you doing out there in Los Angeles today?

David Haen:
Doing well, thank you sir.

Stuart Smith:
Alright. Great. Thank you, gentlemen for taking time from your busy schedule to stop by and speak to your shareholders as well as the listeners to this program. For those listeners that may not be familiar with your company yet. Steven, if you would, tell us a little bit about the company’s business model and market.

Steven Kriegsman:
Well, we’re a pure play oncology company. We develop cancer drugs for a number of different indications. And we have focused on the enhanced delivery of potent oncology therapies. We have a proprietary delivery technology with demonstrated efficacy. You know, that’s a platform for many different drugs and many different cancers, both hematological cancers, and solid tumors. We have a late stage clinical program with Phase 2B data globally coming in the fourth quarter of 2013.

First let’s talk about our novel oncology delivery platform. It can be used with a variety of oncology compounds. It most importantly concentrates drug release at the tumor, and it provides partnership opportunities for anticancer agents that are losing patent protection. We are a late stage technology validating pipeline company. Our lead program is a drug called Aldoxorubicin. It’s in a Phase 3 with a special protocol assessment to start in the first quarter of next year. We’re gearing up for that. We also will have Phase 2B top line progression-free survival results, and they’re expected in December 2013.

And we have two Phase 2 clinical trials starting this quarter. One in glioblastoma multiforme, more easily referred to as brain cancer, and the other one an HIV-related Kaposi’s sarcoma.

What’s great about CytRx is we have a risk-mitigated strategy, and our strategy is to create potential blockbuster oncology therapies from known chemotherapy payloads reducing both development and regulatory risks.

Stuart, let me take you through our pipeline. We have a second line soft tissue sarcoma pivotal trial under a special protocol assessment agreement with the FDA beginning in the first quarter of 2014. We have a first line soft tissue sarcoma trial, a Phase 2B global trial with top line data coming in the fourth quarter of 2013. We have glioblastoma multiforme trial beginning this quarter, and a Kaposi’s sarcoma trial also beginning this quarter. Both of them will be Phase 2 trials. And finally we have a pharmacokinetics study going on at Cedars-Sinai Medical Center. It’s a Phase 1 ongoing study, and that study is wrapping up.

In addition we have preclinical work that we’re doing in delivery-enhanced platinum, another chemotherapeutic, and delivery-enhanced Topotecan. They’re in ovarian cancers, small cell lung cancer, and colorectal cancer.

And to take you through our technology platform and how it operates, I’m going to have David Haen, our VP of Business Development and Investor Relations, explain that so that the listeners will have an opportunity to understand how powerful our platform is with delivery of enhanced chemotherapeutics.

Stuart Smith:
Very good. Well, David, let’s hear from you then.

David Haen:
Okay. Great. So as Steve mentioned, we have a technology that allows us to optimize chemotherapy agents as well as other anticancer agents. And what we do is we put a linker onto the molecule and we’re starting with well known cancer agents that have decades of experience of use in most cases, so we know which types of tumors respond to treatment with them. We also have a sense of the safety and what we should be looking for for side effects. And then with our linker, what we’re able to do is infuse the equivalent of 2 1/2 to four times the standard amount of that drug. And really the lead program Aldoxorubicin, besides being a very broad acting drug in and of itself, it’s really proving the principle of this platform. So once we have our molecule and it’s infused into the patient, it binds to a protein that’s already in the bloodstream. That protein helps transport it to the tumor, and it’s taken into the tumor, and then due to the environment within that cancer cell, you get release of our linker, and now we’ve preferentially released the drug at the tumor site. And we’re not seeing nearly the systemic toxicities that one typically thinks of when you hear of chemotherapy and someone being diagnosed with cancer. I think everyone’s first thought is I’m in for some rough treatment, and that is the case, but here we think we have a way to optimize it. Aldoxorubicin is really the proof of principle, and the goal is to work with our collaborators in Freiburg, Germany and continue to develop additional molecules based on other chemotherapy payloads.

Stuart Smith:
Well David, thank you so much for that. In our next section we’d like to learn about the leadership of the company, and you’re our guest today as the Vice President of Business Development and Investor Relations, let’s learn a little bit about your background before we learn about the rest of the team from Steven. Go ahead, David.

David Haen:
Thank you. I’ve been with CytRx now since 2003 and helped get us to where we are today through some of the various iterations. And I think you know, again the company’s in the strongest place it’s been in the time that I’ve been associated with the company. Prior to that I did work in an investment banking advisory firm here in Los Angeles focused primarily in healthcare companies as well as some other industries as well.

Stuart Smith:
Well, thank you, David. Steven, you’re the President and CEO. Let’s learn a little bit more about you, the rest of the management team, and let’s also talk a little bit about the board that you’ve assembled there as well. Go ahead, Steven.

Steven Kriegsman:
Well, you know, first turning to the management team and the board. We have a very, very experienced management team, particularly as it relates to developing cancer drugs. Dr. Dan Levitt, who’s our Executive Vice President and Chief Medical Officer, ran worldwide oncology at Sandoz and U.S. oncology at Hoffmann-LaRoche, and then he was President of Protein Design Lab’s research and development. So he has developed five cancer drugs, and one transplant drug, and one kidney drug. He’s had seven approvals already, which is quite amazing. In addition, he’s supported by a clinical and regulatory team that has a great deal of experience working at big pharma, big biotech, and smaller companies like ours.

We do everything in-house, so we have a Chief Counsel, Benjamin Levin. We have a CFO, John Caloz. We have an accounting department, a legal department. We have clinical and regulatory. We have investor relations, business development, and Human Resources. The only functions that we outsource are manufacturing. Our main manufacturer is Baxter Oncology based outside Dusseldorf, Germany. And we also have preclinical in Freiburg, Germany. And then finally we outsource the CRO function for clinical trials because we’re doing trials globally.

So we’re able to manage this company on a worldwide basis with approximately seventeen employees, and outsource what otherwise requires probably another 100 employees. So we’ve got a unique team. Most of the people have been with us for at least five to ten years. And the key to any organization not only are the drugs which we believe we have, but the team that works together to build CytRx into a major oncology company — and that we have.

In addition supporting that team is a very blue chip Board of Directors that’s been together for approximately ten years. Our Chairman of the Board is Dr. Max Link. He was Chairman and CEO of Sandoz-Novartis. And Dr. Link is on the Board of Alexion. He’s chaired Centerpulse in the past, and a number of other prominent companies including Protein Design Labs and Human Genome Sciences. He is a legendary executive in the pharma field, and brings tremendous experience to the board.

In addition, we have Dr. Joe Rubinfeld who’s a cofounder of Amgen and SuperGen, and previously help build the oncology business at Bristol-Myers.

We have the only Nobel laureate in the history of UCLA in physiology and medicine, Dr. Louis Ignarro, who won the prize in 1998 for oncology. And in addition, rounding out the board is Mr. Marvin Selter, who was a pioneer in employee leasing, and sold his company to a Goldman-Sachs-backed organization. And Richard Wennekamp, who was President Ford’s assistant in the White House, and then was a senior banking executive of Bank of America, and represents and has represented the Ford family since he was with President Ford. That’s the group.

Stuart Smith:
Very good. Well, it sounds like a well established esteem board as well as such a massive management team within your own house. That’s great. One way to streamline and keep those expenses down, that’s for sure.

Well Steven, again thank you for that segment. Let’s talk a little bit now about the achievements for the company so far here in 2013. Go ahead.

Steven Kriegsman:
Well so far in 2013 we achieved a special protocol assessment in a negotiation with the FDA granting us the right to do a global pivotal Phase 3 trial in second line soft tissue sarcoma. Then in addition, we provided additional information on our drug Aldoxorubicin, additional clinical data at the large ASCO conference in June in Chicago. We also announced some compelling preclinical glioblastoma multiforme data which was announced in July 2013. We had three posters presented at ESMO, the equivalent of ASCO in Europe, and this week we will announce in addition to our second quarter earnings release we will announce the results of our poster at CTOS, the Connective Tissue conference which will be going on in New York beginning on Thursday.

Stuart Smith:
Well Steven, now let’s get your vision for the company here for the remainder of 2013. We’re just about to enter November, so if you want to touch a little bit about Q1, calendar Q1 in 2014, that’s fair game as well. Go ahead, Steven.

Steven Kriegsman:
So in the fourth quarter of 2013, we’re going to start the Phase 2 brain cancer trial with our drug Aldoxorubicin. It’ll be at three centers. It’ll be at LSU center in Louisiana. It’ll be at the John Wayne Cancer Center in Los Angeles. And it’ll be at the City of Hope in Los Angeles.

And in addition we will start our Phase 2 HIV Kaposi’s sarcoma trial, and that’ll be at LSU. Finally and most importantly we will have in the fourth quarter of 2013, probably around mid-December, top line results. That’ll be progression-free survival from our Phase 2B global trial and first line soft tissue sarcoma.

Stuart Smith:
Well listeners, let’s jump into some of the recent news for the company. The company had a press release out. You want to use that ticker symbol CYTR. It came out on October 23rd, global Phase 2 clinical data for CytRx’s Aldoxorubicin to be featured at the connective tissue oncology society’s annual meeting. David, give us your insight into this press release.

David Haen:
Well, the press release was to announce that we are presenting data from the ongoing Phase 2B clinical trial with Aldoxorubicin. This is the head-to-head comparison of our drug, Aldoxorubicin, versus generic Doxorubicin. And the patients we’re treating are first line soft tissue sarcoma patients. We had previously announced at the end of September a difference in the response rates between the two arms treated in this study, and at that time the response rate was 22% of the patients receiving our drug, Aldoxorubicin, had a partial response whereas those receiving Doxorubicin 0% had any response at that time.

So the data that’s being presented at the CTOS meeting on Thursday, this will be an update of both the response rates as well as giving a broader picture of the data from that study, including adverse events as well as number of cycles completed. So you know, this is leading up to the real data that Steve mentioned, which is coming in December which is the progression-free survival which is the primary endpoint for this trial. All of this will be a way to educate the follower of the drug as well as potential and existing shareholders on the activity of the drug in the trial.

Stuart Smith:
Hey David, you mentioned a partial response. For the listeners that may not be familiar, and including myself, tell us a little bit. What does that mean?

David Haen:
Great. A partial response is defined as a tumor shrinkage of greater than 30%. So again, you can have a little bit of fluctuation from various times when the patient comes in to receive their treatment, and they get scanned to see you know, how the tumors are going. Are they shrinking? Are they growing? And as we said, in the trial we saw a 22% partial response rate with our drug versus 0% with the comparative drug.

And those were data that the scans had been sent to an independent review which was blinded so the reviewers there didn’t know who was receiving which drug. So therefore, we think that the data are very robust and solid data, you know, and eliminating any bias potentially from the clinical site.

Stuart Smith:
Well David, thank you so much on explaining about partial response. Now you also mentioned earlier about a reduction in the side effects, and I know you’re presenting on that as well. Why don’t you talk to me a little bit about that reduction of side effects and any other ancillary benefits that we can talk about here. Go ahead, David.

David Haen:
Okay. As mentioned earlier, because our drug binds to a protein in the bloodstream, we’re not kind of getting the global side effects that are traditionally seen with this class of drug. One of the biggest limitations for Doxorubicin, which is the comparator in our ongoing trial, and the payload from our conjugate, is that Doxorubicin has a cumulative dose limit, meaning the patient once they hit that threshold isn’t allowed to get additional drugs because of cardio toxicity or heart toxicity that can lead to congestive heart failure, cardiomyopathy, et cetera.

So what we’ve shown, we’re going several-fold above this black box warning, this traditional limitation for this generic drug called Doxorubicin. And in the ongoing study we’re doing a head-to-head trial looking at you know, how do the drugs look against each other after six cycles? But in previous studies and other studies like the PK trial, we’ve shown that we can go beyond this traditional limitation in terms of number of cycles, and we’ve gone to eight cycles with soft tissue sarcoma. We have one patient in the PK study who’s now approaching I think fifteen cycles. And in the Phase 2 glioblastoma trial which we’re getting ready to start, we will be able to continue dosing until progression.

Again, this might be able to keep someone’s tumor either at bay or maybe it’s slowly shrinking, but it takes some time, and we might be able to achieve these partial responses and hopefully if the drug is very powerful, we may even be fortunate to see a complete response in the future.

Stuart Smith:
Well listeners, once again, we are speaking with CytRx. The company is traded under the ticker symbol CYTR. You can learn more about the company at their website. It’s Cytrx.com. That’s C Y T R X dot com. If you’d like to reach out to the company directly, well you can reach out to our guest, David Haen. Again, Vice President of Business Development, as well as Investor Relations. He’s available at (310) 826-5648, extension 304.

We have been speaking once again to David as well as to the CEO of the company, and I want to thank you both for coming on. Steven, thank you so much for your time here at SmallCapVoice.com. As President and CEO I’m sure you’re a welcome voice to your shareholders, and potential investors as well. Thank you, Steven.

Steven Kriegsman:
Thank you, Stuart.

Stuart Smith:
And David, thank you so much for your personal time and insight into this company’s exciting story. Sounds like a game-changer. Really loved hearing from you here today as well.

David Haen:
Thank you.

Stuart Smith:
Alright, for David and Steven, this is Stuart Smith saying thanks so much for listening.

[End of Audio]

About CytRx Corp. 

CytRx Corporation (NASDAQ: CYTR) is a biopharmaceutical research and development company specializing in oncology. CytRx currently is focused on the clinical development of aldoxorubicin (formerly known as INNO-206), its improved version of the widely used chemotherapeutic agent doxorubicin. CytRx is conducting a global Phase 2b clinical trial with aldoxorubicin as a treatment for soft tissue sarcomas, has completed its Phase 1b/2 clinical trial primarily in the same indication and a Phase 1b study of aldoxorubicin in combination with doxorubicin in patients with advanced solid tumors, and has completed a Phase 1b pharmacokinetics clinical trial in patients with metastatic solid tumors. CytRx plans to initiate under a special protocol assessment a potential pivotal Phase 3 global trial with aldoxorubicin as a therapy for patients with soft tissue sarcomas whose tumors have progressed following treatment with chemotherapy. CytRx also is initiating Phase 2 clinical trials with aldoxorubicin in patients with late-stage glioblastoma (brain cancer) and AIDS-related Kaposi’s sarcoma. CytRx plans to expand its pipeline of oncology candidates based on a linker platform technology that can be utilized with multiple chemotherapeutic agents and may allow for greater concentration of drug at tumor sites. CytRx also has rights to two additional drug candidates, tamibarotene and bafetinib. CytRx completed its evaluation of bafetinib in the ENABLE Phase 2 clinical trial in high-risk B-cell chronic lymphocytic leukemia (B-CLL), and plans to seek a partner for further development of bafetinib.

For additional information, please visit the Company’s corporate Website: www.Cytrx.com

Safe-Harbor Statement

This press release may contain “forward-looking statements.” Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements may include, without limitation, statements about our market opportunity, strategies, competition, expected activities and expenditures as we pursue our business plan. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot predict the effect that market conditions, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and factors described in our filings with the Securities and Exchange Commission may have on our results. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.

CytRx Corp.
Los Angeles, Calif.
www.Cytrx.com
310-826-5648
info@Cytrx.com

Mission Investor Relations
Atlanta, Georgia
http://www.MissionIR.com
404-941-8975
Investors@MissionIR.com

Thursday, November 7th, 2013 Uncategorized Comments Off on (CYTR) MissionIR Releases Exclusive Audio Interview With CytRx Management

(TRAK) to Present at Upcoming Investor Conferences in New York

Dealertrack Technologies, Inc. (NASDAQ: TRAK) today announced that Mark O’Neil, chairman, president and chief executive officer, and Eric Jacobs, chief financial and administrative officer, will present at two upcoming investor conferences in New York. The conferences include:

  • Wells Fargo Technology, Media & Telecom Conference, New York
    November 12, 2013; 11:15 a.m. ET
  • Barclays Select Growth Conference, New York
    November 18, 2013; 1:55 p.m. ET

Each presentation will be webcast live and available in the Investor Relations section of the Company’s website under “Investor Events” or by clicking here. All times listed are local.

About Dealertrack Technologies (www.dealertrack.com)

Dealertrack Technologies’ intuitive and high-value web-based software solutions and services enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, third-party retailers, agents and aftermarket providers. In addition to the industry’s largest online credit application network, connecting more than 20,000 dealers with more than 1,300 lenders, Dealertrack Technologies delivers the industry’s most comprehensive solution set for automotive retailers, including Dealer Management System (DMS), Inventory, Sales and F&I, Interactive, and Registration and Titling solutions. For more information visit www.dealertrack.com.

Wednesday, November 6th, 2013 Uncategorized Comments Off on (TRAK) to Present at Upcoming Investor Conferences in New York

(ECYT) to Present at the 2013 Credit Suisse Healthcare Conference

WEST LAFAYETTE, Ind., Nov. 6, 2013 — Endocyte, Inc. (Nasdaq:ECYT), a biopharmaceutical company and leader in developing targeted small molecule drug conjugates (SMDCs) and companion imaging agents for personalized therapy in cancer and other serious diseases, today announced that Ron Ellis, president and CEO of Endocyte, will present at the 2013 Credit Suisse Healthcare Conference on Wednesday, Nov.13, at 8:30 a.m. MST. The conference will be held at The Phoenician Hotel in Phoenix, Arizona.

A live audio webcast of the Company’s presentation can be accessed under “Events & Presentations” in the Investor Relations section of Endocyte’s website at www.endocyte.com. The webcast will be archived shortly after the live event and a replay will be available on the Company’s website for 90 days following the conference.

About Endocyte

Endocyte is a biopharmaceutical company and leader developing targeted therapies for the treatment of cancer and other serious diseases. Endocyte uses its proprietary technology to create novel SMDCs and companion imaging diagnostics for personalized targeted therapies. The company’s SMDCs actively target receptors that are over-expressed on diseased cells, relative to healthy cells. This targeted approach is designed to enable the treatment of patients with highly active drugs at greater doses, delivered more frequently and over longer periods of time than would be possible with the untargeted drug alone. The companion imaging diagnostics are designed to identify patients whose disease over-expresses the target of the therapy and who are therefore more likely to benefit from treatment. For additional information, please visit Endocyte’s website at www.endocyte.com.

CONTACT: Stephanie Ascher, Stern Investor Relations, Inc.
         (212) 362-1200
         stephanie@sternir.com
         Martina Schwarzkopf, Ph.D., Russo Partners
         (212) 845-4292
         martina.schwarzkopf@russopartnersllc.com
         Tony Russo, Ph.D., Russo Partners
         (212) 845-4251
         tony.russo@russopartnersllc.com
Wednesday, November 6th, 2013 Uncategorized Comments Off on (ECYT) to Present at the 2013 Credit Suisse Healthcare Conference

(LOOK) Announces Reverse Stock Split

SAN FRANCISCO, Nov. 6, 2013 – LookSmart, Ltd. today announced that LookSmart has determined to effect a 1-for-3 reverse stock split of its outstanding common stock, which is expected to become effective at 5:00 P.M. (Eastern Time) on November 5, 2013.

The common stock is expected to begin trading on a split-adjusted basis when the market opens on November 6, 2013.  The reverse stock split will not change the authorized number of shares of common stock or preferred stock of the Company or the par value of the common stock or preferred stock.

Stockholders who hold their shares in brokerage accounts or “street name” will not be required to take any action to effect the exchange of their shares.  Holders of share certificates will receive instructions from the Company’s transfer agent regarding the process for exchanging their shares.

About LookSmart, Ltd.
LookSmart is a pioneer in online advertising.  Founded in 1997, LookSmart has been connecting advertisers and agencies to high quality sources of inventory for performance marketing, and helps online publishers monetize their inventory through our award winning Ad Center platform.  LookSmart’s highly scalable technology processes billions of search queries on a daily basis, enabling marketers to bid in real-time across search and display inventory, and leverage intent data to get performance that meets aggressive campaign goals.  LookSmart also operates Syncapse, a technology-enabled solutions company that uses social media data to help some of the world’s most valuable brands understand their customer needs and improve performance, and Clickable, a technology-enabled services company that helps companies and agencies manage their online marketing for themselves and their clients.  LookSmart is based in San Francisco, California.  For more information, visit www.looksmart.com or call (415) 348-7000.

Forward-Looking Statements
This press release contains forward-looking statements that are subject to factors that could cause actual results to differ materially from the results contemplated by the forward-looking statements, including assumptions that may or may not be correct or accurate due to the inherent uncertainty of future events, the actions of third parties we cannot control or predict with certainty, and other factors that may cause us to change our plans.

Wednesday, November 6th, 2013 Uncategorized Comments Off on (LOOK) Announces Reverse Stock Split

(ENDP) to Acquire Specialty Pharmaceutical Company Paladin Labs

MALVERN, Pa. and MONTREAL, Nov. 5, 2013 —

  • Accelerates Endo’s transformation to leading global specialty healthcare company and creates platform for future growth
  • Paladin Labs’ proven Canadian franchise, robust near-term pipeline and emerging market business complement Endo’s U.S. strengths
  • Combined company expects to grow presence in North America and internationally
  • Stock and cash transaction values Paladin Labs at $77.00 (CAD) per share
  • Expected to be immediately accretive to Endo’s 2014 adjusted EPS

Endo Health Solutions (NASDAQ: ENDP) (“Endo”) today announced that it has reached a definitive agreement to acquire Paladin Labs Inc. (TSX: PLB), (“Paladin Labs”) a leading Canada-based specialty pharmaceutical company, in a stock and cash transaction valued at approximately $1.6 billion of which approximately 98% will be paid in shares of stock as described below.  The acquisition accelerates Endo’s strategic transformation to a leading global specialty healthcare company and creates a platform for future growth in North America and internationally.  Pursuant to the acquisition, each of Endo and Paladin Labs will be acquired by a newly-formed Irish holding company (“New Endo”).  At $77.00 (CAD) per Paladin Labs share, the transaction represents a 20% premium to Paladin Labs’ share price of $63.91 as of November 4, 2013, and is expected to be immediately accretive to Endo’s 2014 adjusted earnings per share.

“The acquisition of Paladin Labs accelerates Endo’s transformation from an integrated health solutions company to a top tier global specialty healthcare leader,” said Rajiv De Silva, president and CEO of Endo.  “Together with our sharpened focus, lean operating model and improved execution within our core businesses, strategic acquisitions will continue to play a key role in maximizing our growth potential and cash flow generation to drive future value for Endo shareholders.  Paladin Labs has a proven track record of acquiring and in-licensing innovative new products, and developing international growth platforms.  Paladin Labs’ stable and growing cash flows and strong Canadian franchise complement our existing portfolio and further diversify our pharmaceutical product mix and geographic reach.  The compelling financial and operational platform we are creating through this combination will leave the new Endo well positioned to continue to offer products that make a difference in the lives of patients while generating superior growth and returns for our shareholders.”

“The transaction with Endo provides Paladin Labs shareholders an attractive current premium for their shares while allowing for ongoing participation in the upside potential of the combined company,” said Jonathan Ross Goodman, Chairman and Founder of Paladin Labs. “We are confident that our 17 years of consecutive record revenues will continue unabated under Endo’s stewardship.  With a relentless focus on execution, talented and tenacious people, and a proven strategy, Paladin Labs has become one of Canada’s leading publicly traded pharmaceutical companies.”

Paladin Labs is a specialty pharmaceutical company focused on acquiring or in-licensing innovative pharmaceutical products for the Canadian and world markets.  With over 60 marketed drugs, proven sales and marketing capabilities, and strong partnerships with leading global pharmaceutical companies, Paladin Labs has a track record of enhancing the performance of existing and newly acquired products.  Key products serve growing drug markets including ADHD, pain, urology and allergy, with a strong pipeline of new product launches over the next 12 months.  In addition to its Canadian operations, Paladin Labs owns a controlling stake in Laboratorios Paladin, S.A. de C.V. in Mexico and a 61.5% ownership stake in publicly traded Litha Healthcare Group Limited in South Africa.

Following completion of the transaction, New Endo will be led by Endo’s current management team.  Paladin Labs will be a separate operating company under New Endo and will continue to be led by Paladin Labs’ current management team and will maintain its current headquarters location in Montreal.  Its Canadian operations will continue under the Paladin Labs name.  Operational and tax synergies as a result of the transaction are expected to total at least $75 million of after tax savings on an annual basis.  The savings are not expected to materially impact Paladin Labs’ Canadian operations, and it is Endo’s intention to continue to expand Paladin Labs’ presence in the Canadian market.

Transaction Details

Under the terms of the transaction, which has been unanimously approved by the boards of both companies, Paladin Labs shareholders will receive 1.6331 shares of New Endo stock and $1.16 (CAD) in cash, subject to adjustment, for each Paladin Labs share they own upon closing, pursuant to a plan of arrangement under Canadian law.  The transaction values each Paladin Labs share at $77.00 (CAD), based on the 5-day volume weighted average share price for Endo and the 5 day average currency exchange rate calculated at close of market on Friday, November 1.  Current Endo shareholders will receive one share of New Endo for each share of Endo they own at closing.  Upon closing, current Endo shareholders will own approximately 77.5% of the New Endo, and current Paladin Labs shareholders will own approximately 22.5% of the New Endo.

In addition, pursuant to the plan of arrangement, for each Paladin Labs share owned at closing, shareholders of Paladin Labs will also receive one share of Knight Therapeutics Inc., (“Knight Therapeutics”) a newly formed Canadian company that will be separated as part of the transaction.  Knight Therapeutics will hold Impavido®, Paladin Labs’ product for the treatment of leishmaniasis.

The cash consideration to be received by Paladin Labs shareholders will be increased if Endo’s volume weighted average share price during an agreed reference period declines more than 7%.  Cash compensation will be provided by Endo to Paladin shareholders if the share price declines more than 7% but less than 20%.  If Endo’s share price declines between 20% and 24% during the agreed reference period, Endo will provide partial cash compensation to Paladin shareholders.  Any decline in Endo’s share price beyond 24% will not be subject to further cash compensation to Paladin Labs shareholders.  The maximum amount by which the aggregate cash consideration to be received by Paladin shareholders would be increased by this price protection mechanism is approximately $233 million.

The company does not expect the transaction, as structured, to be taxable to U.S. shareholders of Endo.  However, the ultimate tax treatment of the transaction is not certain, could be affected by actions taken by the company and other events, and cannot be determined until the end of the year in which the transaction is completed which Endo expects will be 2014.

Endo remains committed to a disciplined capital allocation process which is focused on growth of the base business, acquisitions and debt pay-down.  The Company is continuing to evaluate strategic alternatives for its HealthTronics business and its branded pharmaceutical early stage discovery platform. Endo will continue to review all of its businesses within the context of the company’s strategic direction and capital allocation framework.

While the Paladin acquisition is primarily equity based, Endo will adjust certain parts of its capital structure to complete the transaction.  Endo has secured committed financing that will be used to refinance certain elements of the company’s existing indebtedness and the early repurchase of its convertible notes due April 2015.  The repurchase of the convertible notes would be subject to market conditions.  The changes to the capital structure related to the transaction are not expected to have a material impact on the overall leverage profile of Endo.

Approvals

The transaction is expected to close in the first half of 2014, subject to certain conditions and approvals, including regulatory approvals in the U.S., Canada and South Africa, the approval of both companies’ shareholders, the approval of the Superior Court of Quebec, the registration and listing of New Endo shares and customary closing conditions.  Shareholders representing approximately 34 percent of Paladin Labs outstanding shares have agreed to vote in favor of the transaction.  These shareholders have the right to terminate this voting agreement if Endo’s volume weighted average share price declines more than 24 percent during an agreed reference period.  Shares of New Endo are expected to trade on NASDAQ.

Deutsche Bank Securities Inc., Skadden Arps, Torys LLP and KPMG acted as advisors to Endo. Deutsche Bank and RBC Capital Markets have agreed to provide committed financing to Endo as part of this transaction.  Houlihan Lokey Financial Advisors, Inc. also acted as an advisor to Endo.  Credit Suisse, Davies Ward Phillips & Vineberg LLP, and EY acted as Advisors to Paladin Labs.

Conference Call

Endo will conduct a conference call with financial analysts to discuss this news release today at 8:00 a.m. ET. Investors and other interested parties may call 866-515-2911 (domestic) or +1 617-399-5125 (international) and enter passcode 70911744. Please dial in 10 minutes prior to the scheduled start time.

A replay of the call will be available from November 5, 2013 at 10:30 a.m. ET until 11:59 p.m. ET on November 19, 2013 by dialing 888-286-8010 (domestic) or +1 617-801-6888 (international) and entering passcode 53605349.

A simultaneous webcast of the call can be accessed by visiting www.endo.com. In addition, a replay of the webcast will be available until 11:59 p.m. ET on November 19, 2013. The replay can be accessed by clicking on “Events” in the Investor Relations section of the website.

About Endo:

Endo Health Solutions Inc. is a U.S.-based specialty healthcare company with four distinct business segments that are focused on branded and generic pharmaceuticals, devices and services, each providing quality products to our customers while improving the lives of patients. Through our operating companies – AMS, Endo Pharmaceuticals, HealthTronics and Qualitest – Endo is dedicated to finding solutions for the unmet needs of patients. Learn more at www.endo.com.

About Paladin Labs:

Paladin Labs Inc., headquartered in Montreal, Canada, is a specialty pharmaceutical company focused on acquiring or in-licensing innovative pharmaceutical products for the Canadian and world markets. With this strategy, a focused national sales team and proven marketing expertise, Paladin Labs has evolved into one of Canada’s leading specialty pharmaceutical companies. Paladin Lab’s shares trade on the Toronto Stock Exchange under the symbol PLB. For more information about Paladin Labs, please visit the Company’s web site at www.paladin-labs.com.

No Offer or Solicitation

This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the acquisition or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information

New Endo will file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that will include the Joint Proxy Statement/Circular of Endo and Paladin Labs. Endo and Paladin Labs plan to mail their respective shareholders the Joint Proxy Statement/Circular in connection with the transactions. INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE JOINT PROXY STATEMENT/CIRCULAR  AND OTHER RELEVANT DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ENDO, PALADIN LABS, THE TRANSACTIONS AND RELATED MATTERS. Investors and security holders will be able to obtain free copies of the Joint Proxy Statement/Circular and other documents filed with the SEC by Endo through the website maintained by the SEC at www.sec.gov. Investors and security holders will be able to obtain free copies of the Joint Proxy Statement/Circular and other documents filed by Paladin Labs on the System for Electronic Document Analysis Retrieval (“SEDAR”) website maintained by the Canadian Securities Administrators at http://www.sedar.com. In addition, investors and shareholders will be able to obtain free copies of the Joint Proxy Statement/Circular and other documents filed by Endo with the SEC by contacting Endo Corporate Secretary or by calling (484) 216-0000, and will be able to obtain free copies of the Joint Proxy Statement/Circular and other documents filed by Paladin Labs on the SEDAR website by contacting Samira Sakhia or by calling (514) 669-5367.

Participants in the Solicitation

Paladin and Endo and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the respective shareholders of Paladin Labs and Endo in respect of the transactions contemplated by the Joint Proxy Statement/Circular. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the respective shareholders of Paladin and Endo in connection with the proposed transactions, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the Joint Proxy Statement/Circular when it is filed with the SEC. Information regarding Paladin’s directors and executive officers is contained in Paladin’s Annual Report for the year ended December 31, 2012, filed on the SEDAR website. Information regarding Endo’s directors and executive officers is contained in Endo’s Annual Report on Form 10-K for the year ended December 31, 2012, filed with the SEC.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Statements including words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plan,” “will,” “may,” “look forward,” “intend,” “guidance,” “future” or similar expressions are forward-looking statements.  These forward-looking statements may include, without limitation, statements regarding the completion of the proposed transaction and other statements that are not historical facts. Although Endo and Paladin Labs each believe its forward-looking statements are reasonable, they are subject to important risks and uncertainties. Those include, without limitation, the failure to receive, on a timely basis or otherwise, the required approvals by Endo and Paladin Labs shareholders, the Superior Court of Quebec and applicable government and regulatory authorities, the terms of those approvals, the risk that a condition to closing contemplated by the arrangement agreement may not be satisfied or waived, the inability to realize expected synergies or cost savings or difficulties related to the integration of Endo and Paladin Labs operations, the ability of the combined company to retain and hired key personnel and maintain relationships with customers, suppliers or other business partners, or other adverse events, changes in applicable laws or regulations, competition from other pharmaceutical companies, and other risks disclosed in Endo and Paladin Labs’s public filings, any or all of which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. The forward-looking statements in this press release are qualified by these risk factors. As a result of these risks and uncertainties, the proposed transaction could be modified, restructured or not be completed, and actual results and events may differ materially from the results and events contemplated in these forward-looking statements and from historical results.  Neither Endo nor Paladin Labs assumes any obligation to publicly update any forward-looking statements, except as may be required under applicable securities laws, or to comment on expectations of, or statements made by the other party or third parties in respect of the proposed transaction.  These forward-looking statements are not guarantees of future performance, given that they involve risks and uncertainties.  Investors should not assume that any lack of update to previously issued forward-looking statement constitutes a reaffirmation of that statement.  Continued reliance on forward-looking statements is at investors’ own risk.

For more information regarding these and other risks and uncertainties that Endo may face, see the section entitled “Risk Factors” in Endo’s Form 10-K, Form 10-Q and Form 8-K filings with the SEC and as otherwise enumerated herein or therein.

For more information regarding these and other risks and uncertainties that Paladin may face, see the section entitled “Risks Related to Paladin Labs’s Business” in Paladin’s Information Form for the year ended December 31, 2012 and the sections in Paladin’s Management’s Discussion and analysis entitled “Concentration of Credit Risk and Major Customers,” “Liquidity Risk,” “Foreign Exchange Risk,” “Interest Rate Risk,” and “Equity Price Risk” contained in Paladin’s Annual Report for the year ended December 31, 2012 filed on the SEDAR website.

Tuesday, November 5th, 2013 Uncategorized Comments Off on (ENDP) to Acquire Specialty Pharmaceutical Company Paladin Labs

(OSN) Announces Two New Steel Strand Supply Contracts

SHANGHAI, Nov. 5, 2013 — Ossen Innovation Co., Ltd. (“Ossen” or the “Company”) (Nasdaq: OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced that it has been awarded two contracts to supply its plain surface steel strands for new infrastructure projects in Anhui Province. The first contract is to supply 2,500 tons of plain surface steel strands for the renovation of the G205 national highway’s Cihu to Caishi section. This renovation project, overseen by the Chinese Ministry of Transport, will use the steel strands for long span prestressed concrete structures of the overpass.  The second contract is to supply 18,000 tons of plain surface steel strands for the construction of the Wangdong Yangtze River highway bridge upstream of the Wan River in Anhui Province. This construction project, overseen by the Anhui Province Planning Department, will use the steel strands for long span prestressed concrete structures of the bridge approach.

“Ossen is very pleased to announce these new contract wins,” said Dr. Liang Tang, Chairman of Ossen Innovation. “The G205 national highway renovation is an important and high profile project and the Wangdong Yangtze River highway bridge project is a key part of the Shangqiu-Jingdezheng Highway, which is a sub-section of the Ji’nan-Guangzhou national highway. The proximity of our Maanshan manufacturing facility to these infrastructure projects, along with Ossen’s brand recognition and reputation for manufacturing high quality products for similar infrastructure projects, allowed us to win these contracts. Based on information received from the Ministry of Transport and the Anhui Province Planning Department, respectively, Ossen expects to begin delivery of these plain surface steel strands in the first half of 2014. The selection of our products for use in major infrastructure projects in the region continues to affirm our product’s consistency, durability and reliability,” concluded Dr. Tang.

About Ossen Innovation Co., Ltd.
Ossen Innovation Co., Ltd. manufactures and sells a wide variety of plain surface pre-stressed steel materials and rare earth coated and zinc coated pre-stressed steel materials. The Company’s products are mainly used in the construction of bridges, as well as in highways and other infrastructure projects. Ossen has two manufacturing facilities located in Maanshan, Anhui Province, and Jiujiang, Jiangxi Province.

Safe Harbor Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company’s public filings with the Securities and Exchange Commission, including the Company’s annual report on Form 20-F. All information provided in this press release is as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

For more information, please contact:
Ossen Innovation Co., Ltd.
Feng Peng, Chief Financial Officer
Email: feng.peng@ossencorp.com
Phone: +86 (21) 6888-8886
Web:  www.osseninnovation.com
Investor RelationsFCC Group LLC

Phone: +1-347-850-7098

Email: ir@ossencorp.com

Tuesday, November 5th, 2013 Uncategorized Comments Off on (OSN) Announces Two New Steel Strand Supply Contracts

(MSPD) Announces Definitive Agreement to Acquire Mindspeed Technologies

MACOM expects Non-GAAP EPS accretion between $0.15 and $0.20 in fiscal 2014
and between $0.25 and $0.30 in fiscal 2015

Mindspeed intends to sell its wireless business before closing

LOWELL, Mass., Nov. 5, 2013 — M/A-COM Technology Solutions Holdings, Inc. (Nasdaq:MTSI) (MACOM), a leading supplier of high performance RF, microwave, and millimeter wave products, today announced it has entered into a definitive agreement to acquire Mindspeed Technologies, Inc. (Nasdaq:MSPD) (Mindspeed), a leading supplier of semiconductor solutions for communications infrastructure applications, for $5.05 per share in a cash tender offer.

Mindspeed is also in advanced discussions with a potential strategic buyer for its wireless business, which it intends to sell prior to closing of the MACOM transaction.

Highlights of the transaction include:

  • The companies’ combined trailing twelve months (TTM) revenue is approximately $451 million with non-GAAP gross margin of approximately 50%, excluding Mindspeed’s wireless business.
  • Cash transaction valued at $272 million for Mindspeed’s $132 million in TTM revenue (excluding wireless business and non-recurring revenue from sales of intellectual property) and $26 million of cash and cash equivalents at September 27, 2013.
  • MACOM expects substantial annual synergies from reduction in corporate overhead, corporate R&D overhead, SG&A and exiting underperforming businesses.
  • Expected to be immediately accretive to MACOM’s non-GAAP earnings per share with expected non-GAAP EPS accretion between $0.15 and $0.20 per share in fiscal 2014 and between $0.25 and $0.30 per share in fiscal 2015.
  • Positions MACOM to be a global leader in 100G optical networking and expands MACOM’s addressable market, moving from long-haul to data centers and metro markets.
  • Complements MACOM’s current product offerings with a high performance analog (HPA) portfolio of low latency crosspoint switches, integrated optical physical media devices (PMDs) and low power signal conditioners.
  • Diversifies MACOM’s served markets to include Enterprise applications.
  • Expands MACOM’s addressable RF and Microwave market with the addition of high performance Silicon Germanium (SiGe) capability.
  • Complements MACOM’s strong U.S. presence with a broadened customer footprint and strong sales channel in the Asia Pacific region.

Commenting on the transaction, John Croteau, President and Chief Executive Officer, stated, “This acquisition will position MACOM as a leading global provider of 100G optical solutions which underscores our growth strategy in commercial communications markets. Our interest in Mindspeed is the company’s high-growth, high-margin HPA business as well as its cash-generating VoIP business. The addition of the HPA portfolio, which consists of the world’s fastest crosspoint switches, ultra low power signal conditioners and industry-leading optical PMDs, aligns well with MACOM’s business model — offering non-GAAP gross margins approaching 70%, long product life cycles, and sticky customer relationships.”

Mindspeed also has a communications processor business, which currently does not align with MACOM’s long-term strategic focus, and therefore additional options will be explored while continuing to support its customers. Separately, in the event Mindspeed’s wireless business is not sold, it will be restructured and wound down while continuing to support its customers.

Mr. Croteau added, “Mindspeed’s leadership in SiGe-based products, along with its long-held position in enterprise video and metro markets, complements our strong position in long-haul modulator drivers based on Indium Phosphide (InP) and Gallium Arsenide (GaAs) technology. This will position MACOM as a clear leader across all 100G segments, all physical layer products, and all requisite technologies enabling us to capitalize on the expected decade-long build out of the 100G optical market.”

“This acquisition will diversify our served markets to include enterprise applications, while also enabling MACOM to strengthen our core RF and Microwave position with SiGe technology,” continued Mr. Croteau. “The transaction will also broaden our customer footprint and reach, by leveraging Mindspeed’s strong sales channel in Asia, which complements our strength in North America and other regions.”

MACOM estimates that the acquisition will result in substantial synergies from corporate overhead, SG&A, and exit from underperforming businesses. MACOM also expects that the acquisition will be accretive to non-GAAP earnings per share between $0.15 and $0.20 in fiscal 2014 and between $0.25 and $0.30 in fiscal 2015.

MACOM intends to commence a tender offer to purchase each outstanding common share of Mindspeed for $5.05 in cash, without interest, and MACOM will assume certain equity awards held by Mindspeed employees. The transaction value is approximately $272 million in diluted equity value, or $246 million net of Mindspeed’s cash position of approximately $26 million as of September 27, 2013. MACOM expects to finance the acquisition through a combination of cash on hand and its existing undrawn revolving credit facility. The boards of both companies have approved the transaction, which is subject to customary closing conditions and regulatory approvals. MACOM currently expects the transaction to close by the end of calendar 2013.

Barclays acted as exclusive financial advisor and Perkins Coie LLP acted as legal counsel to MACOM.

Conference Call and Slide Presentation Information

MACOM will host a conference call on Tuesday, November 5 at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) in conjunction with its fourth quarter and fiscal 2013 earnings conference call. The conference call will be broadcast live over the Internet with a slide presentation and can be accessed by all interested parties on the Investor section of MACOM’s website at http://ir.macomtech.com/. On the call John Croteau, MACOM’s President and Chief Executive Officer, and Conrad Gagnon, MACOM’s Chief Financial Officer, will discuss the proposed acquisition. Investors and analysts are invited to participate on the call. To listen to the live call, please go to the Investor section of MACOM’s website and click on the Conference Call link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.

When: Tuesday, November 5, 2013

Time: 5:00 p.m. Eastern Time

Dial in: 1-877-837-3908; outside the U.S. +1-973-872-3000

Participant Code: 91211532

Live Webcast: http://ir.macomtech.com/

For those unable to participate during the live broadcast, a replay will be available shortly after the call and will be available on MACOM’s website for 7 days. The replay dial-in number is 1-855-859-2056, and the pass code is 91211532. International callers should dial +1-404-537-3406 and enter the same pass code at the prompt. Additionally, the conference call will be broadcast live over the Internet and can be accessed by all interested parties for approximately 60 days in the Investor Relations section of the Company’s website at http://ir.macomtech.com/

Further details of the transaction are set out in MACOM’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 5, 2013.

About MACOM

M/A-COM Technology Solutions Holdings, Inc. (www.macomtech.com) is a leading supplier of high performance RF, microwave, and millimeter wave products that enable next-generation internet and modern battlefield applications.  Recognized for its broad catalog portfolio of technologies and products, MACOM serves diverse markets, including CATV, wireless and optical communications infrastructure, satellite, radar, automotive, industrial, medical, and mobile devices. A pillar of the RF and microwave industry, we thrive on more than 60 years of solving our customers’ most complex problems.

Headquartered in Lowell, Massachusetts, MACOM is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. MACOM has design centers and sales offices throughout North America, Europe, Asia and Australia.

MACOM, M/A-COM, M/A-COM Technology Solutions, M/A-COM Tech, Partners in RF & Microwave, The First Name in Microwave and related logos are trademarks of MACOM. All other trademarks are the property of their respective owners.

About Mindspeed Technologies

Mindspeed Technologies, Inc. (Nasdaq:MSPD) is a leading provider of network infrastructure semiconductor solutions to the communications industry. The company’s low-power system-on-chip (SoC) products are helping to drive video, voice and data applications in worldwide fiber-optic networks and enable advanced processing for 3G and long-term evolution (LTE) mobile networks. The company’s high-performance analog products are used in a variety of optical, enterprise, industrial and video transport systems. Mindspeed’s products are sold to original equipment manufacturers (OEMs) around the globe.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements based on MACOM management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among others, statements concerning the Mindspeed transaction, including those regarding the potential date of closing of the acquisition, and any potential benefits and synergies, strategic plans, divestitures, restructuring, cost savings, accretion, and financial and business expectations associated with the acquisition, as well as any other statements regarding MACOM’s plans, beliefs or expectations regarding the transaction or its future business or financial results. Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “will,” “would” or similar expressions and the negatives of those terms.

Forward-looking statements contained in this press release reflect MACOM’s current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause those events or our actual activities or results to differ materially from those expressed in any forward-looking statement. Although MACOM believes that the expectations reflected in the forward-looking statements are reasonable, it cannot and does not guarantee future events, results, actions, levels of activity, performance or achievements, including the successful closing of the Mindspeed transaction or successful execution of any other divestment or restructuring plans described in this press release. Readers are cautioned not to place undue reliance on these forward-looking statements. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements, including, among others, costs associated with the merger, tender offer and financing of the Mindspeed transaction; the unsuccessful completion of the tender offer; matters arising in connection with the parties’ efforts to comply with and satisfy applicable regulatory approvals and closing conditions relating to the transaction, delays in or inability to complete anticipated divestiture and restructuring activities, failure to achieve expected synergies and other anticipated benefits of the transaction, the potential for weakness or less than expected strength in our catalog business, continued weakness in our Networks market, lower than expected demand in any or all of our four primary end markets or from any of our large OEM customers based on macro-economic weakness or otherwise, the potential for defense spending cuts, program delays, cancellations or sequestration, failures or delays by customers in winning business or to make purchases from us in support of such business, lack of adoption or delayed adoption by customers and industries we serve of GaN or other solutions offered by us, failures or delays in porting and qualifying GaN process technology to our Lowell, MA fabrication facility, lower than expected utilization and absorption in our manufacturing facilities, lack of success or slower than expected success in our new product development efforts, loss of business due to competitive factors, product or technology obsolescence, customer program shifts or otherwise, lower than anticipated or slower than expected customer acceptance of our new product introductions, the potential for a shift in the mix of products sold in any period toward lower-margin products or a shift in the geographical mix of our revenues, the potential for increased pricing pressure based on competitive factors, technology shifts or otherwise, the impact of any executed or abandoned acquisition, divestiture or restructuring activity, the impact of supply shortages or other disruptions in our internal or outsourced supply chain, the relative success of our cost-savings initiatives, the potential for inventory obsolescence and related write-offs, the expense, business disruption or other impact of any current or future investigations, administrative actions, litigation or enforcement proceedings we may be involved in, and the impact of any claims of intellectual property infringement or misappropriation, which could require us to pay substantial damages for infringement, expend significant resources in prosecuting or defending such matters or developing non-infringing technology, incur material liability for royalty or license payments, or prevent us from selling certain of our products, as well as those factors described in “Risk Factors” in MACOM’s filings with the Securities and Exchange Commission (SEC), including its Quarterly Report on Form 10-Q for the quarter ended June 28, 2013 as filed with the SEC on August 5, 2013. MACOM undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Notice to Investors

The tender offer for the outstanding shares of common stock of Mindspeed described in this communication has not yet commenced. This press release is for informational purposes only and is not an offer to purchase any shares of Mindspeed or a solicitation of an offer to sell securities. At the time the tender offer is commenced, MACOM will file a tender offer statement on Schedule TO, including an offer to purchase, a letter of transmittal and related documents, with the United States Securities and Exchange Commission (the “SEC”) and Mindspeed will file a solicitation/recommendation statement on Schedule 14D-9 with the SEC. The tender offer statement (including an offer to purchase, a related letter of transmittal and other offer documents) and the solicitation/recommendation statement will contain important information that should be read carefully before any decision is made with respect to the tender offer. Such materials will be made available to Mindspeed stockholders at no expense to them. In addition, such materials (and all other offer documents filed with the SEC) will be available at no charge on the SEC’s website at www.sec.gov.

CONTACT: Company Contact:
         M/A-COM Technology Solutions Holdings, Inc.
         Conrad Gagnon
         Chief Financial Officer
         P: 978-656-2550
         E: Conrad.Gagnon@macomtech.com

         Investor Relations Contact:
         Shelton Group
         Leanne K. Sievers
         EVP, Investor Relations
         P: 949-224-3874
         E: lsievers@sheltongroup.com
Tuesday, November 5th, 2013 Uncategorized Comments Off on (MSPD) Announces Definitive Agreement to Acquire Mindspeed Technologies

(OXYS) Oxygen Biotherapeutics (OXBT) Rise Sheds Light On OxySure

Oxygen Biotherapeutics, Inc. (NASDAQ: OXBT) has risen more than 175% over the past week or so on massive trading volumes, after announcing a broadening of their product lines through a licensing agreement.

Broadening Product Lines

Oxygen Biotherapeutics’ recent move represents an addition to its original business developing medical products that promises to deliver oxygen to tissues in the body. The company’s flagship Oxycyte® technology is a systemic perfluorocarbon (“PFC”) that delivers oxygen to vital organs in the case of acute ischemia. Similar products are also in development for use in personal care, topical wound healing and other topical indications.

While Oxygen Biotherapeutics has been successful in two clinical trials and is currently being evaluated in a Phase IIB clinical trial for traumatic brain injury (“TBI”), management plans to focus the majority of its efforts on its two advanced topical products, Dermacyte® and Wundecyte®, given their significantly near-term potential. The firm is also developing Vitavent™, which is an oxygen exchange fluid for the treatment of lung conditions, and other products.

Benefiting from the Exposure OxySure Systems, Inc. (OTCBB: OXYS), a medical technology company focused on the design, manufacture and distribution of specialty medical and respiratory solutions, could benefit from the oxygen industry’s enhance exposure. The company pioneered an FDA-approved solution to produce medical pure oxygen from dry, inert powders for emergency and short-duration use, while the device itself can be used by any layperson in the event of a medical emergency.

With the potential to become the equivalent of the next AED in the medium term and the equivalent of a fire extinguisher in the long term, OxySure’s Model 615, already FDA approved for over the counter sale (no prescription required), has a significantly larger end market than Oxygen Biotherapeutics PFC-based drugs. The installed base for AEDs exceeds two million units, while fire extinguishers exceed 100 million units in the U.S. alone. Capturing just a fraction of this market with its unique emergency oxygen solution could represent a multi-billion dollar opportunity that could unlock significant long-term shareholder value. It is more likely than not that OxySure will capture a significant share of the market because it is the only player that has this product and technology. OxySure pioneered this technology, and owns numerous patents and patents pending around it, and has first mover advantage.

Potential Investment Opportunity

OxySure Systems represents a compelling investment opportunity, with a market capitalization of just $18 million. During the second quarter, the company reported revenues that soared more than 650% to $476,071, SG&A expenses that fell 18% to $194,803, interest expenses that fell 60% to $23,254, and a net loss that fell 11.8%. Recently, Sterling Investments analysts issued a buy rating on the stock with a $1.90 per share 12-month price target.

The positive financial momentum has been followed by a number of promising recent developments. In July, the company launched an AED/OxySure double wall cabinet to house its product next to the ubiquitous AED. In October, the firm announced a partnership that lets dozens of banks compete for leases on OxySure’s products with a simple 2-minute application. Creating the ability for customers to lease OxySure’s products significantly expands the market. Combined, these two developments could significant expand its market moving forward.

More Information:

Company Websitehttp://www.oxysure.com//Company presentationhttp://www.oxysure.com/aed/presentation-8-12-13/Recent SEC Filingshttp://secfilings.com/SearchResults.aspx?name=Oxysure%20Systems%20IncNews story about Baseball Player Saved by OxySure Model 615http://www.youtube.com/watch?v=iSSlxngn7egMatt Lauer Interviews Kylee Shea, Cardiac Arrest Survivorhttp://www.youtube.com/watch?v=qGaTFFuRpDQ

About Emerging Growth LLC:

EGC is a marketing and consulting firm that specializes in creating ongoing communications strategies for public and private companies.

Disclosure:

Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx.

Tuesday, November 5th, 2013 Uncategorized Comments Off on (OXYS) Oxygen Biotherapeutics (OXBT) Rise Sheds Light On OxySure

(GALE) Reports Third Quarter 2013 Results

PORTLAND, Ore., Nov. 6, 2013 — Galena Biopharma (Nasdaq:GALE), a biopharmaceutical company commercializing and developing innovative, targeted oncology treatments that address major unmet medical needs to advance cancer care, today reported its financial results for the three and nine months ended September 30, 2013 and provided a business update.

“Our commercial success to date with Abstral® has been very encouraging and we are excited to report initial revenues ahead of schedule. With our sales force and commercial organization fully deployed, we continue to make significant strides with physicians, payors and patients—and expect continuing strength with the launch,” said Mark J. Ahn, Ph.D., President and Chief Executive Officer. “We are also making steady progress in advancing our NeuVax™ and FBP cancer immunotherapy pipeline.”

Third Quarter 2013 Financial Highlights

Net revenue was $1.2 million for the three months ended September 30, 2013, the first quarter of Abstral® (fentanyl) sublingual tablet sales, ahead of our official launch and commencement of promotional efforts in the fourth quarter. Cost of revenue and gross profit for the three months ended September 30, 2013 were $0.3 and $0.9 million, respectively.

Operating loss for the three months ended September 30, 2013 was $6.9 million, including $0.5 million in stock-based compensation charges, compared with an operating loss of $5.5 million for the three months ended September 30, 2012, which includes $0.4 million in stock-based compensation charges. For the nine months ended September 30, 2013, operating loss from continuing operations was $21.5 million compared with $15.6 million for the nine months ended September 30, 2012.

Galena Biopharma also incurred income or expense due to non-cash charges related to changes in the fair value estimates of the Company’s warrant liabilities and contingent purchase price liability, as well as the realized gain from the sale of marketable securities, which is included in other income and expense. The non-cash expenses related to the changes in values of our warrant and contingent purchase price liabilities for the three months ended September 30, 2013 were $1.8 million versus $0.7 million for the three months ended September 30, 2012. These expenses for the nine months ended September 30, 2013 were $7.7 million versus $13.9 million for the nine months ended September 30, 2012. Other income from the realized gain on the sale of marketable securities was $0.8 million and $1.4 million for the three and nine months ended September 30, 2013, respectively.

Net loss for the three months ended September 30, 2013 was $9.3 million, or $0.11 per basic and diluted share, versus a net loss of $6.3 million, or $0.09 per basic and diluted share, for the three months ended September 30, 2012. Net loss for the nine months ended September 30, 2013 was $28.2 million, or $0.34 per basic and diluted share, versus a net loss (including both continued operations and discontinued operations) of $31.2 million, or $0.52 per basic and diluted share, for the nine months ended September 30, 2012.

As of September 30, 2013, Galena had cash, cash equivalents, marketable securities and net accounts receivable of $55.8 million, compared with $35.6 million as of December 31, 2012. Our marketable securities consisted of approximately 0.8 million shares of common stock in RXi Pharmaceuticals (OTCQX:RXII) with a market value of approximately $2.8 million as of September 30, 2013 and 33.5 million (1.1 million post reverse-stock split) shares of common stock of RXi with a market value of approximately $2.7 million as of December 31, 2012.

On May 8, 2013 Galena completed a debt financing of $15 million to fund the purchase and launch of Abstral, of which $10 million was drawn immediately and $5 million remains available.

Third Quarter and Recent Highlights

  • Launched First Commercial Product: Abstral® (fentanyl) Sublingual Tablets for the Treatment of Breakthrough Cancer Pain. Galena acquired Abstral in March 2013 and formally launched the product in the U.S. in October. Abstral is a sublingual (under the tongue) fentanyl tablet indicated for the management of breakthrough pain in patients with cancer, 18 years of age and older, who are already receiving, and who are tolerant to, opioid therapy for their persistent baseline cancer pain. Abstral can be prescribed by Risk Evaluation and Mitigation Strategy (REMS) certified healthcare professionals and is available to patients at all retail pharmacies nationwide.
  • Initiated RELIEF Patient Registry for Abstral and Debuted Marketing Campaign at PAINWeek. RELIEF: Rapid Evaluation of Lifestyle, Independence, and Elimination of breakthrough cancer pain with Freedom from oral discomfort through the use of Abstral® (fentanyl) Sublingual Tablets. RELIEF is a post-marketing, multicenter trial to assess Abstral for breakthrough cancer pain (BTcP) in opioid-tolerant cancer patients.  RELIEF is an observational registry study to be completed by enrolled patients over a thirty-day period while using Abstral for treatment of their BTcP. Approximately 2,500 patients are expected to enroll in the program.
  • Strengthened leadership team with appointment of Dr. Brian Hamilton, M.D., Ph.D. to serve as Galena’s Executive Vice President and Chief Medical Officer. Dr. Hamilton has extensive academic and pharmaceutical experience in immunology, hematopoietic stem cell transplantation, and oncology. Having worked in both large pharmaceutical companies such as AstraZeneca and Wyeth, as well as biotech companies such as BioVex, Soligenix, and Onyx, he has experience with drug development across multiple therapeutic indications and platforms, including small molecules, biologics, oncolytic viruses, and vaccines. He has been a partner and Vice President of Biopharm Solutions, a private consulting firm in the life sciences industry, since 2001. Dr. Hamilton received his M.D. and Ph.D. from the University of Washington School of Medicine with extensive specialty training to include Pediatrics at the Children’s Medical Center in Dallas, Texas, Immunology at the Children’s Hospital Medical Center and Sidney Farber Cancer Center, and Allergy at the University of California-San Francisco. He has held academic appointments at the University of Washington and the University of Miami. Dr. Hamilton will replace Rosemary Mazanet M.D., Ph.D., whose employment with Galena will conclude November 7, 2013.
  • Phase 3 PRESENT (Prevention of Recurrence in Early-Stage, Node-Positive Breast Cancer with Low to Intermediate HER2 Expression with NeuVax™ Treatment) trial, under an SPA, continues to enroll at approximately 130 sites globally. Galena has partnered with Leica Biosystems to develop a reliable and reproducible HER2 companion diagnostic test to assure a uniform determination of patients’ HER2 status. The diagnostic will enable HER2 0, 1+, 2+ and 3+ differentiation to ensure Galena is enrolling the appropriate patients with low to intermediate HER2 expression into the PRESENT trial, and ultimately for treatment with the NeuVax vaccine.   Leica’s Bond Oracle™ HER2 IHC System is a state-of-the-art diagnostic testing system that provides added assurance the patients enrolled in the trial have the appropriate HER2 expression level.
  • Phase 2b NeuVax plus Herceptin® (trastuzumab; Genentech/Roche) 300 patient randomized, combination trial is enrolling at 9 sites in the US.
  • Results from the Phase 1 portion of the Folate Binding Protein (FBP) trial will be presented at the Society for Immunotherapy of Cancer (SITC) conference taking place this weekend, November 7-10, 2013.
  • Expanded NeuVax™ Intellectual Property With European Allowance. This Pharmaceutical Use Patent for NeuVax (nelipepimut-S) covers the use of NeuVax as a vaccine for the prevention of relapse in breast cancer patients with an immunochemistry (IHC) rating of 1+ or 2+ for HER2/neu protein expression and a fluorescence in situ hybridization (FISH) rating of less than 2.0 for HER2/neu gene expression. The intention to grant the patent was received in August 2013, with the official Decision to Grant received in October 2013. The patent affords protection in all of the European countries and will expire in April 2028.
  • NeuVax Oral presentation at the American College of Surgeons Clinical Congress. NeuVax shown to induce a full immune response in treated patients and create an immune memory to target residual cancer cells. Additionally, the Phase 3 PRESENT HER2 1+/2+ patients confirmed as optimal treatment population.
  • Completed $40 Million financing to significantly strengthen our balance sheet.

About NeuVax™ (nelipepimut-S)

NeuVax™ (nelipepimut-S) is the immunodominant nonapeptide derived from the extracellular domain of the HER2 protein, a well-established target for therapeutic intervention in breast carcinoma. The nelipepimut sequence stimulates specific CD8+ cytotoxic T lymphocytes (CTLs) following binding to HLA-A2/A3 molecules on antigen presenting cells (APC). These activated specific CTLs recognize, neutralize and destroy, through cell lysis, HER2 expressing cancer cells, including occult cancer cells and micrometastatic foci. The nelipepimut immune response can also generate CTLs to other immunogenic peptides through inter- and intra-antigenic epitope spreading. Based on a successful Phase 2 trial, which achieved its primary endpoint of disease-free survival (DFS), the U.S. Food and Drug Administration (FDA) granted NeuVax a Special Protocol Assessment (SPA) for its Phase 3 PRESENT (Prevention of Recurrence in Early-Stage, Node-Positive Breast Cancer with Low to Intermediate HER2 Expression with NeuVax Treatment) study. The PRESENT trial is ongoing and additional information on the study can be found at www.neuvax.com. A randomized, multicenter investigator sponsored, 300 patient Phase 2b clinical trial is also enrolling patients to study NeuVax in combination with Herceptin® (trastuzumab; Genentech/Roche).

According to the National Cancer Institute, over 230,000 women in the U.S. are diagnosed with breast cancer annually. Of these women, only about 25% are HER2 positive (IHC 3+). NeuVax targets the approximately 50%-60% of these women who are HER2 low to intermediate (IHC 1+/2+ or FISH < 2.0) and achieve remission with current standard of care, but have no available HER2-targeted adjuvant treatment options to maintain their disease-free status.

About Folate Binding Protein (FBP)

Folate Binding Protein (FBP) is highly over-expressed in breast, ovarian and endometrial cancers and is a well-validated therapeutic target. FBP is the source of immunogenic peptides like E39 that can stimulate cytotoxic T lymphocytes (CTL) to recognize and destroy preclinical FBP-expressing cancer cells. The FBP vaccine consists of the FBP peptide(s) combined with the immune adjuvant, granulocyte macrophage-colony stimulating factor (GM-CSF). Galena’s FBP vaccine, E39, is currently in Phase 1/2 trial in two gynecological cancers; ovarian and endometrial adenocarinomas.

About Abstral® (fentanyl) Sublingual Tablets

Abstral® (fentanyl) Sublingual Tablets are an important treatment option for inadequately controlled breakthrough cancer pain which impacts 40%-80% of cancer patients. Abstral is approved by the U.S. Food and Drug Administration, and is a sublingual (under the tongue) fentanyl tablet indicated only for the management of breakthrough pain in patients with cancer, 18 years of age and older, who are already receiving, and who are tolerant to, opioid therapy for their persistent baseline cancer pain. The innovative Abstral formulation delivers the analgesic power and increased bioavailability of micronized fentanyl in a more convenient sublingual tablet which rapidly dissolves under the tongue in seconds, provides rapid relief of breakthrough pain in minutes, and matches the duration of the entire pain episode. See full prescribing information at www.abstral.com.

About Galena Biopharma

Galena Biopharma, Inc. (Nasdaq:GALE) is a Portland, Oregon-based biopharmaceutical company developing and commercializing innovative, targeted oncology treatments that address major unmet medical needs to advance cancer care. For more information, visit www.galenabiopharma.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the progress of the commercialization of Abstral and development of Galena’s product candidates, including patient enrollment in our clinical trials, as well as statements about our expectations, plans and prospects. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those identified under “Risk Factors” in Galena’s Annual Report on Form 10-K for the year ended December 31, 2012 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2013 filed with the SEC. Actual results may differ materially from those contemplated by these forward-looking statements. Galena does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this press release.

Galena Biopharma, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
(Amounts in thousands, except share and per share data)
Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended
September 30, 2013 September 30, 2012 September 30, 2013 September 30, 2012
Net revenue $ 1,170 $ — $ 1,170 $ —
Cost of revenue 301 301
Gross profit 869 869
Operating expenses:
Research and development expense 3,633 4,169 13,990 10,553
General and administrative expense 4,129 1,359 8,369 5,068
Operating loss 6,893 5,528 21,490 15,621
Other income (expense), net (1,235) (733) (6,749) (13,953)
Income (loss) from continuing operations before income taxes (8,128) (6,261) (28,239) (29,574)
Income tax expense (benefit) 1,159 (62)
Net loss from continuing operations (9,287) (6,261) (28,177) (29,574)
Discontinued operations (1,644)
Net loss $ (9,287) $ (6,261) $ (28,177) $ (31,218)
Net loss per common share:
Basic and diluted per share, continuing operations $ (0.11) $ (0.09) $ (0.33) $ (0.49)
Basic and diluted loss per share, discontinued operations $ — $ — $ — $ (0.03)
Basic and diluted net loss per share $ (0.11) $ (0.09) $ (0.33) $ (0.52)
Weighted-average common shares outstanding: basic and diluted 87,319,450 67,265,470 84,678,612 60,150,658
Galena Biopharma, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
September 30, 2013
(Unaudited) December 31, 2012
ASSETS
Current assets:
Cash and cash equivalents $ 51,396 $ 32,807
Restricted cash 100 101
Marketable securities 2,837 2,678
Accounts receivable 1,543
Inventory 425
Prepaid expenses and other current assets 485 535
Total current assets 56,786 36,121
Equipment and furnishings, net 545 29
In-process research and development 12,864 12,864
Abstral rights, net 15,032
Goodwill 5,898 5,898
Deposits 129 74
Total assets $ 91,254 $ 54,986
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 1,890 $ 1,976
Accrued expense and other current liabilities 8,889 2,038
Current maturities of capital lease obligations 6 6
Fair value of warrants potentially settleable in cash 24,267 10,964
Current portion of contingent purchase price consideration 247 935
Current portion of long-term debt 1,215
Total current liabilities 36,514 15,919
Capital lease obligations, net of current maturities 30 51
Deferred tax liability, non-current 5,053 5,053
Contingent purchase price consideration, net of current portion 6,454 6,207
Long-term debt, net of current portion 8,583
Total liabilities 56,634 27,230
Stockholders’ equity 34,620 27,756
Total liabilities and stockholders’ equity $ 91,254 $ 54,986
CONTACT: Remy Bernarda
         Senior Director, Communications
         +1 (503) 405-8258
         rbernarda@galenabiopharma.com
Tuesday, November 5th, 2013 Uncategorized Comments Off on (GALE) Reports Third Quarter 2013 Results

(HOTR) Completes the Acquisition of Nottingham, England Hooters Location

CHARLOTTE, NC–(Nov 7, 2013) – Chanticleer Holdings, Inc. (NASDAQ: HOTR) (“Chanticleer Holdings” or “the Company”), a franchisee of international Hooters® restaurants and a minority owner in the privately held parent company of the Hooters® brand, Hooters of America, announced the Company acquired the Nottingham England Hooters Location, effective today.

As part of this transaction, all leasehold and franchise rights to the location have been transferred to Chanticleer Holdings. Nottingham is Chanticleer’s second European and seventh international Hooters® location. The closing of the acquisition was pursuant to the Stock Purchase Agreement executed on October 24, 2013 for the purchase of 100% of the shares of West End Wings Limited (“WEW”), a company wholly owned by Manchester Wings Limited.

Mike Pruitt, CEO and President of Chanticleer Holdings, stated: “The Nottingham location is the fifteenth largest Hooters restaurant in terms of sales and Hooters’ fourth largest international store. This profitable location is an excellent addition to our restaurant portfolio. We look forward to continuing to work with the tremendous Nottingham management team to grow the location’s excellence in service and performance, as well as continue expansion in the United Kingdom.”

For further information, please visit www.chanticleerholdings.com

Facebook: www.Facebook.com/ChanticleerHOTR

Twitter: http://Twitter.com/ChanticleerHOTR

Google+: https://plus.google.com/u/1/b/118048474114244335161/118048474114244335161/posts

About Chanticleer Holdings, Inc.

Chanticleer Holdings (HOTR) is focused on expanding the Hooters® casual dining restaurant brand in international emerging markets and American Roadside Burgers Inc (“ARB”), a Charlotte, N.C. based chain. Chanticleer currently owns in whole or part of the exclusive franchise rights to develop and operate Hooters restaurants in South Africa, Hungary and parts of Brazil, and has joint ventured with the current Hooters franchisee in Australia, while evaluating several additional international opportunities. The Company currently owns and operates in whole or part of six Hooters restaurants in its international franchise territories: Durban, Johannesburg, Cape Town and Emperor’s Palace in South Africa; Campbelltown in Australia; and Budapest in Hungary. ARB, purchased by Chanticleer Holdings on October 1, 2013, has a total of 5 casual restaurants — 1 location in Smithtown, N.Y., 2 locations in Charlotte, N.C., 1 location in Columbia, S.C., and the newest location is in Greenville, S.C.

Forward-Looking Statements:

Any statements that are not historical facts contained in this release are “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing or required licenses, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date the statements were made, and the companies do not undertake any obligation to update forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.

Contact:

Chanticleer Holdings, Inc.
Mike Pruitt
Chairman/CEO
Phone: 704.366.5122 x 1
mp@chanticleerholdings.com

Tuesday, November 5th, 2013 Uncategorized Comments Off on (HOTR) Completes the Acquisition of Nottingham, England Hooters Location

(CSUN) Head of Research Wins 2013 ACAA/IELTS Australia China Alumni Awards

NANJING, China, Nov. 4, 2013 — China Sunergy Co., Ltd. (NASDAQ: CSUN) (“China Sunergy” or “the Company”), a specialized solar cell and module manufacturer, today announced that its Head of Research and Vice President, Dr. Aihua Wang, has received the 2013 ACAA/IELTS Australia China Alumni Awards for Research and Innovation. The award honors outstanding alumni of Australian universities and colleges, who have made significant contributions in their chosen field and are currently based in China. The award ceremony was held in Beijing, China on November 2, 2013.

As head of Research of China Sunergy, Dr. Wang, together with Dr. Zhao, China Sunergy’s Chief Technology Officer, have led the Company’s research and development team since its inception. With over 28 years of solar cell research experience, Dr. Wang and Dr. Zhao have set many world records for silicon solar cells’ highest lab efficiency, including the current world’s best of 25.0%. Since 2000, Dr. Wang has been a Research Fellow at the Photovoltaic Special Research Centre at the University of New South Wales, where she received a Ph.D. in Electrical Engineering.

Mr. Stephen Cai, CEO of China Sunergy, said, “We proudly congratulate Dr. Wang for this prestigious award, which recognizes her many great contributions to the industry and to China Sunergy. We are very fortunate to have Dr. Wang and Dr. Zhao serving as our technology leaders, and we remain firmly committed to spearheading the industry with cutting-edge technological innovations.”

Dr. Aihua Wang remarked, “It is a great honor to be recognized by the Australia China Alumni Association, and I especially appreciate and enjoy the marvelous opportunity to closely collaborate with the industry’s many other outstanding experts and scientists. I thank all the team members at China Sunergy for their dedicated efforts and the Company for providing us with such a great platform and resources to continue our quest for new discoveries and innovations. I, along with Dr. Zhao, will happily continue our passion for renewal energy science and our aim to continue making positive contributions to bringing reliable and affordable solar energy to the world.”

About China Sunergy Co., Ltd.

China Sunergy Co., Ltd. (NASDAQ:CSUN) designs, manufactures and delivers high efficiency solar cells and modules to the world from its production centers based in China and Turkey. China Sunergy also invests in high potential solar projects. Founded in 2004, China Sunergy is well known for its advanced solar cell technology, reliable product quality, and excellent customer service.

For more information, please visit http://www.csun-solar.com.

Safe Harbor Statement

This announcement may contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts in this announcement are forward-looking statements. These forward-looking statements are based on current expectations, assumptions, estimates and projections about the Company and the industry, and involve known and unknown risks and uncertainties, including but not limited to, the Company’s failure to maintain its listing qualification due to, among other things, volatility in the Company’s ADS price; the Company’s ability to raise additional capital or renew existing bank borrowings as they become due to finance the Company’s activities; the Company’s customers’ financial condition and creditworthiness, and their ability to settle accounts receivables; the effectiveness, profitability, and the marketability of its products; litigations and other legal proceedings, including any decisions by the US International Trade Committee and Department of Commerce on the petitions filed; the economic slowdown in China and elsewhere and its impact on the Company’s operations; demand for and selling prices of the Company’s products, execution of our strategy to expand into downstream solar power businesses, the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company’s ability to protect its proprietary information; general economic and business conditions; the volatility of the Company’s operating results and financial condition; the Company’s ability to attract or retain qualified senior management personnel and research and development staff; future shortage or availability of the supply of raw materials; impact on cost-competitiveness as a result of entering into long-term arrangements with raw material suppliers and other risks detailed in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

Investor and Media Contacts:

China Sunergy Co., Ltd.
CSUN Investor Relations
Phone: + 86 25 5276 6666 ext. 6694
Email: ir@chinasunergy.com

Asia Bridge Group Limited
Wendy Sun
Phone: + 86 10 8556 9033
Email: wendy.sun@asiabridgegroup.com

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(SED) International Announces New Director

SED International Holdings, Inc. (NYSEMKT:SED), a multinational supply chain management provider and distributor of leading computer technology, consumer electronics, and small appliances products, today announced that Arnold Kezsbom has been appointed to its Board of Directors.

Mr. Kezsbom serves as a business consultant assisting companies in manufacturing, distribution and other industries with strategic planning, financial management, cash flow management, turn-around and other strategic and corporate matters. Mr. Kezsbom has held executive positions with Earnest Products, Micro Innovations, Gibson Guitar, Recoton Corporation and Service Manufacturing. Mr. Kezsbom previously worked in the asset-based lending divisions of CIT Corporation, Chase Bank and Connecticut Bank and Trust. Mr. Kezsbom received his B.B.A. in Finance from City University of New York, Bernard Baruch College, Zicklin School of Business and his M.B.A. in Finance from Long Island University.

On November 1, 2013, SED filed a Form 8-K with the Securities and Exchange Commission regarding this and other developments at SED. The Company encourages all shareholders to read the Form 8-K.

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(SPWR) Announces Acquisition of Greenbotics, Inc.

Expands Energy Services for Large Ground-Mount Systems with Robotic Solar Panel Cleaning Service that Reduces Water Usage, Improves LCOE

SAN JOSE, Calif., Nov. 4, 2013 — SunPower Corp. (NASDAQ: SPWR), a leading solar technology and energy service provider, today announced that it has acquired Greenbotics, Inc., a Davis, Calif.-based company that offers panel cleaning products and services for large-scale solar power plants.  With this strategic acquisition, SunPower expands its energy services portfolio for global customers with the SunPower Oasis Power Plant product, especially in markets with challenging dirt and dust environments.  SunPower expects to utilize the robotic technology and the Greenbotics team in conjunction with other product development and large-scale solar field installation projects.

To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/64194-sunpower-announces-acquisition-of-greenbotics

(Photo: http://photos.prnewswire.com/prnh/20131104/MM07056)

Greenbotics is a leader in optimizing the performance of solar power plants through a cost-effective cleaning process.  For the past two years, the company has used its proprietary CleanFleet™ robots and service offerings to wash hundreds of megawatts of systems in the Southwest and Western U.S.  The robots can be configured for use with a variety of solar panels and mounting types, including fixed-tilt arrays and single-axis trackers and offer a less costly and greener alternative to manual cleaning methods, pressure washers and sprayer trucks.  The robots use under a half a cup of water to clean each panel, which is approximately 90 percent less than traditional cleaning methods, making this solution optimum for solar systems built in desert conditions.

“SunPower’s acquisition of Greenbotics and its CleanFleet robots will allow us to further maximize the proven system performance of our high efficiency, most reliable solar panels, which is critical to a project’s economics and levelized cost of electricity,” said Tom Werner, SunPower president and CEO.  “Customers in markets such as the Western U.S., the Middle East and Chile will especially benefit, as dust and debris is a challenge and water is in shorter supply.  We are very pleased to add the valuable services offered by Greenbotics to our energy services offerings.”

The CleanFleet robots can be tailored specifically for each power plant to optimize a project’s cleaning schedule.  Most panels are cleaned at night to avoid disruption during the daytime, energy-producing hours.  Regularly cleaning solar panels located in dry, dusty regions can increase annual energy production by up to 15 percent.

The Greenbotics acquisition is a cash transaction that is accretive to SunPower’s results.

About SunPower
SunPower Corp. (NASDAQ: SPWR) designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today.  Residential, business, government and utility customers rely on the company’s quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, Calif., SunPower has offices in North America, Europe, Australia and Asia. For more information, visit www.sunpower.com.

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(SCTY) Announces Proposed Securitization

SAN MATEO, Calif., Nov. 4, 2013 — SolarCity® (Nasdaq:SCTY) today announced that its wholly-owned subsidiary, SolarCity LMC Series I, LLC, intends, subject to market and other conditions, to offer in a private placement $54,425,000 aggregate principal amount of Solar Asset Backed Notes, Series 2013-1 with a scheduled maturity date of December 2026. The offering will be made only to persons who are both (i) qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended, and (ii) qualified purchasers as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended, and the rules and regulations thereunder, for purposes of Section 3(c)(7) of such Act.

These notes will be secured by a pool of photovoltaic systems and related leases and power purchase agreements and ancillary rights and agreements that will be owned by SolarCity LMC Series I, LLC. These notes will represent obligations solely of SolarCity LMC Series I, LLC, and will not be insured or guaranteed by SolarCity Corporation or any other affiliate thereof, or by any other person or entity.

The securities to be offered will not be registered under the Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, and there shall not be any offer or sale of these securities in any state in which such offer, solicitation or sale would be unlawful.

CONTACT: Media Contact
         Jonathan Bass
         (650) 963-5156
         press@solarcity.com
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(ABTL) Teams with SaleMove to Enhance Online Automotive Shopping Experience

Autobytel Inc. (Nasdaq: ABTL), the company dedicated to connecting automotive consumers with dealers, today announced it has teamed with SaleMove, Inc. (“SaleMove”) to become the exclusive provider to the auto industry of SaleMove’s innovative technology for enhancing communications with consumers.

SaleMove’s patent-pending technology allows auto dealers and manufacturers to enhance the online shopping experience by interacting with consumers in real-time, using the method most comfortable to them, including live video, audio and text-based chat or by phone. Utilizing SaleMove’s “guided tour” capabilities, dealers can take advantage of a new line of high-touch communication with consumers by browsing the dealer’s website with them, creating a virtual extension of the dealer’s physical showroom.

Additionally, SaleMove’s technology helps dealers and manufacturers improve the online consumer experience and identify potential buyers by better understanding visitor preferences gathered through real-time viewing of how consumers are interacting with a website. The auto industry will be able to interact directly with consumers on a deeper and more personal level, providing a highly customized experience for car buyers.

“This exciting technology allows dealers and manufacturers to personally welcome online consumers, offer assistance, provide helpful suggestions, and help guide consumers to their perfect cars,” said Jeff Coats, chief executive officer of Autobytel Inc. “The human element is very important to the car buying experience, and this new functionality allows dealers and manufacturers to make the most of their interactions with consumers by re-creating the showroom experience wherever the customer may be. This is another step in our commitment to helping dealers and auto manufacturers sell more cars.”

“Our proprietary technology enabling real time one-on-one interaction with today’s online consumers falls perfectly in line with Autobytel’s industry leading products and services,” said Daniel Michaeli, chief executive officer of SaleMove. “The virtual experience we’ve created of observing, communicating with and guiding online consumers through the car buying process is as close as you can get to an actual showroom experience. Autobytel understands how essential this is in enhancing online car buying, to ultimately help its industry partners sell more cars. We’re pleased to work with the team at Autobytel who continues to innovate after having pioneered the automotive Internet nearly 20 years ago.”

Autobytel made an initial investment in SaleMove and plans to support the company in SaleMove’s ongoing development of its innovative technology. Autobytel intends to maximize use of this technology in the full range of mobile services it already offers, including the recent acquisition of Advanced Mobile.

Visit Autobytel.com to access the company’s leading automotive information; watch exclusive new car videos, test drives and car reviews at Autobytel’s YouTube page; or join the conversation on the Autobytel Facebook Fan Page.

About Autobytel Inc.
Autobytel Inc. provides high quality consumer leads and associated marketing services to automotive dealers and manufacturers throughout the United States and offers consumers robust and original online automotive content to help them make informed car-buying decisions. The company pioneered the automotive internet in 1995 with its flagship website www.autobytel.com and has since helped tens of millions of automotive consumers research vehicles; connected thousands of dealers nationwide with motivated car buyers; and helped every major automaker market its brand online.

Investors and other interested parties can receive Autobytel news releases and invitations to special events by accessing the online registration form at investor.autobytel.com/alerts.cfm.

About SaleMove
The patent-pending technology developed by SaleMove, Inc. (www.salemove.com) enables automotive dealers and manufacturers to observe, communicate with and guide consumers through the online car buying process in real-time. The company’s seamless combination of tools re-creates the in-store experience, allowing the automotive industry to gauge the behaviors of online car buyers with real-time analytics and browsing observations, and by providing communication tools such as live video, audio or text-based chat in addition to phone capabilities and virtual guided tours in the form of collaborative browsing. SaleMove also provides dealers and manufacturers with advanced metrics and in-depth reporting, and in-browser technology for ease of integration.

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(ACUR) Distribution of Nexafed(R) by Rite Aid Pharmacies

PALATINE, IL–(Nov 4, 2013) – Acura Pharmaceuticals, Inc. (NASDAQ: ACUR) today announced that NEXAFED [pseudoephedrine hydrochloride (HCl)], its next generation pseudoephedrine with abuse deterrent technology, will now be stocked by Rite Aid Pharmacies.

NEXAFED is a 30 mg immediate-release pseudoephedrine product that combines effective nasal-congestion relief with a unique technology that disrupts the conversion of pseudoephedrine into the dangerous drug, methamphetamine (meth). Meth production and abuse is a growing problem in communities nationwide.

About NEXAFED
NEXAFED [pseudoephedrine hydrochloride (HCl)] is a 30 mg immediate-release abuse-deterrent decongestant. The next generation pseudoephedrine tablet combines effective nasal-congestion relief with Impede® technology, a unique polymer matrix that disrupts the conversion of pseudoephedrine into the dangerous drug, methamphetamine. Specifically, the Impede® technology forms a thick gel when the tablets are dissolved in solvents typically used in the pseudoephedrine extraction or methamphetamine production processes, trapping the pseudoephedrine or converted methamphetamine to prevent its isolation or purification.

About Acura Pharmaceuticals
Acura Pharmaceuticals is a specialty pharmaceutical company engaged in the research, development and commercialization of product candidates intended to address medication abuse and misuse, utilizing its proprietary AVERSION and IMPEDE technologies. In June 2011, the U.S. Food and Drug Administration approved OXECTA which incorporates the AVERSION technology. The Company has a development pipeline of additional AVERSION technology products including other opioids and its IMPEDE technology for pseudoephedrine hydrochloride products.

The trademark OXECTA is owned by Pfizer Inc.

Forward Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements may include, but are not limited to, our and our licensee’s ability to successfully launch and commercialize our products and technologies including OXECTA Tablets and NEXAFED Tablets, the price discounting that may be offered by Pfizer for Oxecta, our and our licensee’s ability to obtain necessary regulatory approvals and commercialize products utilizing our technologies and the market acceptance of and competitive environment for any of our products, the willingness of wholesalers and pharmacies to stock NEXAFED Tablets, expectations regarding potential market share for our products and the timing of first sales, our ability to enter into additional license agreements for our Aversion Technology product candidates, our exposure to product liability and other lawsuits in connection with the commercialization of our products, the increasing cost of insurance and the availability of product liability insurance coverage, the ability to avoid infringement of patents, trademarks and other proprietary rights of third parties, and the ability of our patents to protect our products from generic competition, our ability to protect and enforce our patent rights in any paragraph IV patent infringement litigation, and the ability to fulfill the FDA requirements for approving our product candidates for commercial manufacturing and distribution in the United States, including, without limitation, the adequacy of the results of the laboratory and clinical studies completed to date, the results of laboratory and clinical studies we may complete in the future to support FDA approval of our product candidates and the sufficiency of our development to meet OTC Monograph standards as applicable, the adequacy of the development program for our product candidates, including whether additional clinical studies will be required to support FDA approval of our product candidates, changes in regulatory requirements, adverse safety findings relating to our product candidates, whether the FDA will agree with our analysis of our clinical and laboratory studies and how it may evaluate the results of these studies or whether further studies of our product candidates will be required to support FDA approval, whether or when we are able to obtain FDA approval of labeling for our product candidates for the proposed indications and will be able to promote the features of our abuse discouraging technologies, whether our product candidates will ultimately deter abuse in commercial settings and whether our Impede technology will disrupt the processing of pseudoephedrine into methamphetamine. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “believes,” “indicates,” “estimates,” “projects,” “predicts,” “potential” and similar expressions intended to identify forward-looking statements. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. We discuss many of these risks in greater detail in our filings with the Securities and Exchange Commission.

Contact:
for Acura Investor Relations
Email Contact
847-705-7709

for Acura Media Relations
Email Contact
847-705-7709

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(IG) Receives Formal US FDA Approval For Site Transfer Of Econazole Nitrate

BUENA, N.J., Nov. 1, 2013  — IGI Laboratories, Inc. (NYSE MKT: IG), a New Jersey based generic topical pharmaceutical company, today announced it has received formal approval from the U.S. Food and Drug Administration (FDA) of its supplemental filing for the site transfer of econazole nitrate cream 1%, to the company’s manufacturing facility in Buena, NJ.  IGI had purchased econazole nitrate cream 1% from Prasco, LLC in February of 2013.

Jason Grenfell-Gardner, President and CEO of the Company, commented, “This approval marks the first time the FDA has granted an approval to an IGI own-label project. In less than eight months, we successfully completed all the required steps to achieve approval from the FDA to manufacture our first proprietary IGI label product.  This accomplishment is a testament to the dedication and efforts of our entire team.  We are currently actively manufacturing, marketing and selling this product through our existing commercial infrastructure.”

About IGI Laboratories, Inc.

IGI Laboratories is a generic topical pharmaceutical company.  We develop and manufacture topical formulations for the pharmaceutical, OTC, and cosmetic markets. Our mission is to be a leading player in the generic topical prescription drug market.

Forward-Looking Statements

This press release includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions, and other statements contained in this press release that are not historical facts and statements identified by words such as “plan,” “believe,” “continue”, “should” or words of similar meaning. Factors that could cause actual results to differ materially from these expectations include, but are not limited to: our inability to meet current or future regulatory requirements in connection with existing or future ANDAs; our inability to achieve profitability; our failure to obtain FDA approvals as anticipated; our inability to execute and implement our business plan and strategy; the potential lack of market acceptance of our products; our inability to protect our intellectual property rights; changes in global political, economic, business, competitive, market and regulatory factors; and our inability to complete successfully future product acquisitions.  These statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under the caption “Risk Factors” in IGI Laboratories, Inc.’s most recent Annual Report on Form 10-K,  Quarterly Reports on Form 10-Q and other periodic reports we file with the Securities and Exchange Commission.  IGI Laboratories, Inc. does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise, except as required by law.

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(CSIQ) 100MW Module Supply Agreement w/ Three Gorges New Energy, China

GUELPH, Ontario, Nov. 1, 2013 – Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has been awarded a module supply agreement to provide China Three Gorges New Energy Co., Ltd. (“Three Gorges New Energy”) with photovoltaic (“PV”) modules totaling 100MW for a solar power project located in Guazhou County, in the Gansu Province of China.

“We feel honored to be awarded this module supply agreement by Three Gorges New Energy, a rapidly growing renewable energy project developer in China,” said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar. “This agreement underscores that Canadian Solar’s brand is well recognized in the Chinese market and that we remain on track with our market diversification strategy to expand our global footprint and gain market share in important growth markets,” added Dr. Qu.

“The feedback we receive from our customers is that they are very pleased to work with Canadian Solar as a module supplier for their solar power projects in China because of our track record delivering high quality solar modules to large-scale solar power projects worldwide,” continued Dr. Qu. “Clearly this agreement is an important milestone for our cooperation with China Three Gorges New Energy in the Chinese market.”

Canadian Solar will supply its high efficiency 60 cell CS6P250P and CS6P-255P modules with power output of 250Wp and 255Wp for the project. The Company’s 250Wp and 255Wp CS6P-P modules outperform competing 60 polycrystalline cell module brands in the market, producing over 6% more power annually according to PVsyst PV system simulation. In addition, all Canadian Solar modules come with a 10-year material warranty and a 25-year linear power output performance guarantee backed by a third-party insurance policy underwritten by leading insurance companies. Module delivery has already commenced and is expected to be completed in December 2013.

About China Three Gorges New Energy Co., Ltd.

China Three Gorges New Energy is a wholly-owned subsidiary of China Three Gorges Corporation, which is one of the first state owned enterprises to enter the field of wind power. Three Gorges New Energy actively explores opportunities in renewable energy including wind, solar, and hydropower as well as other clean energy technologies. Three Gorges New Energy specializes in large-scaled renewable energy development and operations.

About Canadian Solar

Founded in 2001 in Canada, Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world’s largest and foremost solar power companies. As a leading vertically integrated provider of solar modules, specialized solar products and solar power plants with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia, Canadian Solar has delivered more than 5GW of premium quality solar modules to customers in over 70 countries. Canadian Solar is committed to improve the environment and dedicated to provide advanced solar energy products, solutions and services to enable sustainable development around the world. For more information, please visit www.canadiansolar.com

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the risks regarding general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand in our project markets, including Canada; changes in customer order patterns; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; utility-scale project approval process; delays in utility-scale project construction; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 26, 2013. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

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(LNCO) LINN Energy, Announce Regulatory Update and Conference Call Details

HOUSTON, Nov. 1, 2013 — LINN Energy, LLC (Nasdaq:LINE) and LinnCo, LLC (Nasdaq:LNCO) announced today a regulatory update and provided conference call details. The companies noted that the Division of Corporation Finance of the Securities and Exchange Commission has advised that it has no further comments on Amendment No. 6 to the Joint Registration Statement on Form S-4.

Conference Call Information

LINN Energy’s management will host a conference call on Wednesday, Nov. 6, 2013, at 10 a.m. Central (11 a.m. Eastern) to discuss the Company’s third quarter 2013 results and update on the Berry merger. Prepared remarks by Mark E. Ellis, Chairman, President and Chief Executive Officer, and Kolja Rockov, Executive Vice President and Chief Financial Officer, will be followed by a question and answer session.

Investors and analysts are invited to participate in the call by dialing (877) 224-9081, or (720) 545-0032 for international calls using Conference ID: 95444509. Interested parties may also listen over the Internet at www.linnenergy.com.

A replay of the call will be available on the Company’s website or by phone until 4:00 p.m. Central (5 p.m. Eastern), Nov. 13, 2013. The number for the replay is (855) 859-2056, or (404) 537-3406 for international calls using Conference ID: 95444509.

ABOUT LINN ENERGY

LINN Energy’s mission is to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets. LINN Energy is a top-15 U.S. independent oil and natural gas development company, with approximately 4.8 Tcfe of proved reserves in producing U.S. basins as of December 31, 2012. More information about LINN Energy is available at www.linnenergy.com.

ABOUT LINNCO

LinnCo was created to enhance LINN Energy’s ability to raise additional equity capital to execute on its acquisition and growth strategy. LinnCo is a Delaware limited liability company that has elected to be taxed as a corporation for United States federal income tax purposes, and accordingly its shareholders will receive a Form 1099 in respect of any dividends paid by LinnCo. More information about LinnCo is available at www.linnco.com.

Additional Information about the Proposed Transactions and Where to Find It

In connection with the proposed transactions, Berry, LINN and LinnCo have filed with the SEC a registration statement on Form S-4 (Registration No. 333-187484) that includes a joint proxy statement of LinnCo, LINN and Berry that also constitutes a prospectus of LINN and LinnCo. Each of Berry, LINN and LinnCo also plan to file other relevant documents with the SEC regarding the proposed transactions. INVESTORS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. You may obtain a free copy of the joint proxy statement/prospectus and other relevant documents filed by Berry, LINN and LinnCo with the SEC at the SEC’s website at www.sec.gov. You may also obtain these documents by contacting LINN’s and LinnCo’s Investor Relations department at (281) 840-4193 or via e-mail at ir@linnenergy.com.

Participants in the Solicitation

Berry, LINN and LinnCo and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions. Information about LINN’s directors and executive officers is available in LINN’s proxy statement dated March 12, 2012, for its 2012 Annual Meeting of Unitholders. Information about LinnCo’s directors and executive officers is available in LinnCo’s Registration Statement on Form S-1 dated June 25, 2012, as amended, with respect to its initial public offering of common shares. Information about Berry’s directors and executive officers is available in Berry’s proxy statement dated April 6, 2012, for its 2012 Annual Meeting of Stockholders. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transactions when they become available. Investors should read the joint proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from LINN or LinnCo using the sources indicated above.

This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements, which are all statements other than statements of historical facts. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated. Important economic, political, regulatory, legal, technological, competitive and other uncertainties are identified in the documents filed with the SEC by LINN and LinnCo from time to time, including their respective Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements including in this press release are made only as of the date hereof. Neither of LINN nor LinnCo undertakes any obligation to update the forward-looking statements included in this press release to reflect subsequent events or circumstances.

CONTACT: LINN Energy, LLC and LinnCo, LLC

         Investors & Media:
         Clay Jeansonne,
         Vice President, Investor and Public Relations
         281-840-4193
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(ARIA) Adopts Shareholder Rights Plan

ARIAD Pharmaceuticals, Inc. (NASDAQ:ARIA) announced today that its Board of Directors has adopted a shareholder rights plan in the form of a Section 382 Rights Agreement designed to preserve its substantial tax assets.

As of December 31, 2012, ARIAD had tax assets, including net operating loss carryforwards of $307.7 million and research tax credits of $17.8 million, which could be used in certain circumstances to offset ARIAD’s future taxable income or otherwise payable taxes and therefore reduce its federal and state income tax liabilities. ARIAD’s plan is similar to plans adopted by numerous other public companies with significant tax assets.

ARIAD’s ability to use these tax assets and others which may be generated would be substantially limited in the event of an “ownership change” under Sections 382 and 383 of the Internal Revenue Code and related U.S. Treasury regulations. In general, an ownership change would occur if ARIAD’s shareholders who own, or are deemed to own, 5% or more of ARIAD’s common stock increase their collective ownership in ARIAD by more than 50% over a rolling three-year period. The shareholder rights plan is intended to reduce the likelihood of an unintended ownership change occurring through the buying of ARIAD common stock.

As part of the plan, on October 31, 2013, ARIAD’s Board declared a dividend of one preferred-share-purchase-right for each share of ARIAD common stock outstanding as of November 11, 2013. Effective today, if any person or group acquires 4.99% or more of the outstanding shares of ARIAD common stock, or if a person or group that already owns 4.99% or more of ARIAD common stock acquires additional shares representing 0.5% or more of the outstanding shares of ARIAD common stock, then, subject to certain exceptions, there would be a triggering event under the plan. The rights would then separate from the ARIAD common stock and would be adjusted to become exercisable to purchase shares of ARIAD common stock having a market value equal to twice the exercise price, resulting in significant dilution in the ownership interest of the acquiring person or group.

ARIAD’s Board has the discretion to exempt any acquisition of ARIAD common stock from the provisions of the plan if it determines that doing so would not jeopardize or endanger the Company’s use of its tax assets. ARIAD’s Board also has the ability to terminate the plan prior to a triggering event, including but not limited to in connection with a transaction, if it determines that doing so would be in the best interests of the Company’s shareholders.

The Company expects to seek shareholder approval of the Section 382 Rights Agreement at its 2014 Annual Meeting. The rights issued under the plan will expire on October 30, 2014 if not approved by ARIAD’s shareholders prior to that date or October 30, 2016, if the plan is approved. The rights may also expire on an earlier date if certain events occur, as described more fully in the Section 382 Rights Agreement that the Company will file with the Securities and Exchange Commission.

Cravath, Swaine & Moore LLP and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. are acting as ARIAD’s legal counsel.

Additional information regarding the Section 382 Rights Agreement will be contained in a Form 8-K and in a Registration Statement on Form 8-A that ARIAD is filing with the Securities and Exchange Commission. In addition, ARIAD shareholders of record as of November 11, 2013 will be sent a summary of the rights.

About ARIAD

ARIAD Pharmaceuticals, Inc., headquartered in Cambridge, Massachusetts and Lausanne, Switzerland, is an integrated global oncology company focused on transforming the lives of cancer patients with breakthrough medicines. ARIAD is working on new medicines to advance the treatment of various forms of chronic and acute leukemia, lung cancer and other difficult-to-treat cancers. ARIAD utilizes computational and structural approaches to design small-molecule drugs that overcome resistance to existing cancer medicines. For additional information, visit http://www.ariad.com or follow ARIAD on Twitter (@ARIADPharm).

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These “forward-looking statements” are based on management’s current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by forward-looking statements. These risks and uncertainties include, but are not limited to, the difficulty of determining all of the facts relative to Sections 382 and 383 of the Internal Revenue Code, unreported buying and selling activity by shareholders and unanticipated interpretations of the Internal Revenue Code and regulations, as well as those risk factors discussed under the heading “Risk Factors” contained in ARIAD’s Form 10-K, for the year ended December 31, 2012, which was filed with the Securities and Exchange Commission on March 1, 2013, as well as any updates to those risk factors filed from time to time in ARIAD’S Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. All information in this press release is as of the date of the release, and ARIAD undertakes no duty to update this information unless required by law.

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(UNTD) Completes Tax-Free Spin Off of FTD

United Online, Inc. (Nasdaq:UNTD) today announced that it has successfully completed the separation of FTD Companies, Inc. (“FTD”) from United Online, Inc. (“United Online”) through a tax-free dividend involving the distribution of all FTD common stock held by United Online to United Online’s stockholders. In addition, United Online also announced the completion of a one-for-seven reverse stock split of United Online shares. Under the terms of the distribution and the reverse stock split:

  • United Online stockholders were distributed one share of FTD common stock for every five shares of United Online common stock they held as of the close of business on October 10, 2013, the record date, effective as of 12:01 a.m. Eastern Daylight Time (“EDT”) on November 1, 2013 (prior to giving effect to the reverse stock split of United Online shares).
  • United Online effected a one-for-seven reverse stock split of United Online common stock at 11:59 p.m. EDT on October 31, 2013.

As of today, FTD is an independent, publicly-traded company on the NASDAQ stock exchange, called FTD Companies, Inc. FTD will begin “regular-way” trading today on the Nasdaq Global Select Market under the symbol “FTD.”

United Online continues to operate the businesses of its Content & Media and Communications segments, supported by the Classmates®, StayFriends, MyPoints®, NetZero®, and Juno® brands. United Online’s common stock will begin trading on a post one-for-seven reverse stock split basis today on the Nasdaq Global Select Market under the symbol “UNTD.”

About United Online®

United Online, Inc. (Nasdaq: UNTD), through its operating subsidiaries, is a leading provider of consumer products and services over the Internet, where their respective brands have attracted a large online audience that includes more than 100 million registered accounts worldwide. United Online’s Content & Media segment provides online nostalgia products and services (Classmates and StayFriends) and online loyalty marketing (MyPoints). Its primary Communications segment service is Internet access (NetZero and Juno), including NetZero Mobile Broadband (NetZero Wireless).

 

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