latest news releases from the newsroom
AGTC and Icagen Announce Technology Transfer Agreement
ALACHUA, Fla. and RESEARCH TRIANGLE PARK, N.C., June 24, 2010 (GLOBE NEWSWIRE) -- AGTC, a privately held company, and Icagen, Inc. (Nasdaq:ICGN) today announced the completion of an agreement for the purchase and sale of certain patent rights between the companies. Icagen is transferring its rights to patents relating to the ion channel gene CNGB3, which has been linked to certain disorders of the eye. Under the terms of the agreement, Icagen has assigned ownership of the patents to AGTC, which intends to use the patented technology for gene therapy as a potential treatment for Achromatopsia, a severe form of daytime blindness. Icagen has retained an exclusive license for small molecule therapeutics targeting this gene. Pursuant to the transaction, AGTC will make a $1.0 million payment to Icagen.
ZelnickMedia to Acquire Alloy, Inc., Originators of Gossip Girl and The Vampire Diaries
NEW YORK, June 24, 2010 (GLOBE NEWSWIRE) -- ZelnickMedia and Alloy, Inc. (Nasdaq:ALOY) announced today that an investor group led by ZelnickMedia has agreed to acquire Alloy for $9.80 per share in cash. The purchase price is a premium of approximately 27% over the average closing price of the stock for the 30 days ending June 23, 2010. The transaction is valued at approximately $126.5 million. Members of Alloy's senior management will invest in the transaction in conjunction with ZelnickMedia.
EQ Labs, Inc.
Poker Superstar and Go Daddy(R) Girl Vanessa Rousso Signs Endorsement Deal With EQ Labs
LAS VEGAS, June 24, 2010 (GLOBE NEWSWIRE) -- EQ Labs, Inc. (Pink Sheets:EQLB) announced today that poker superstar and celebrity spokesperson Vanessa Rousso has signed an endorsement deal with EQ Labs. Ms. Rousso is the latest in a line of international celebrities that are currently using EQ Energy Drink. EQ labs is currently in the midst of negotiations with other celebrities who are currently enjoying the benefits of "The Smart Energy Drink."
Meritage Homes Corporation
Meritage Homes Sets Energy Benchmark With Phoenix-Area Homes, Up to 80% More Energy-Efficient Than Typical Existing Homes
SCOTTSDALE, Ariz., June 24, 2010 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH), one of America's top 10 homebuilders, is proud to announce the opening of its newest community incorporating the latest energy efficient technology in every home at no additional charge to the buyer with prices starting under $180,000. The homes are designed to save homeowners up to 80% on their home utility bills, compared to a typical existing home as published by the U.S. Department of Energy.