latest news releases from the newsroom
Galapagos Signs Research Collaboration Agreement
MECHELEN, Belgium, July 6, 2005 (PRIMEZONE) -- Galapagos announced today that it has entered into a research collaboration with Novartis Pharmaceuticals UK Limited. Under the agreement, Galapagos' genomics partnering division Galadeno will design a research program for Novartis employing its SilenceSelect(R) (gene knock-down) platform for functional assays in human primary cell assays. The SilenceSelect technology is based on Galadeno's collection of adenoviruses with human gene sequences that specifically knock down over 4,000 different human proteins by producing siRNA in a human cell.Under the terms of the agreement, Galadeno will provide technology, reagents and support to enable Novartis to validate drug targets by analyzing human protein function in human primary cells. Galadeno will receive payments related to the research services and its SilenceSelect technology.
Dobson Communications Corporation
Dobson Communications Successfully Completes and Closes Notes Exchange Offer
OKLAHOMA CITY, July 5, 2005 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today announced that it successfully completed and closed the offer to exchange (the "Offer") up to $250 million principal amount of the 8 3/8% First Priority Senior Secured Notes due 2011, $250 million principal amount of the First Priority Senior Secured Floating Rate Notes due 2011 and $325 million principal amount of the 9 7/8% Second Priority Senior Secured Notes due 2012 that were issued by its subsidiary Dobson Cellular Systems, Inc. ("Dobson Cellular") on November 8, 2004 in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933 (the "Securities Act") for like principal amounts of 8 3/8% First Priority Senior Secured Notes due 2011, First Priority Senior Secured Floating Rate Notes due 2011 and 9 7/8% Second Priority Senior Secured Notes due 2012 that have been registered under the Securities Act. As of 5:00 p.m., New York City time, on Friday, July 1, 2005, Dobson Cellular had received tenders of approximately 99.6 percent of the 8 3/8% First Priority Senior Secured Notes due 2011, representing $249 million of the outstanding aggregate principal amount of $250 million of notes; 100 percent of the outstanding aggregate principal amount of $250 million of First Priority Senior Secured Floating Rate Notes due 2011; and 100 percent of the outstanding aggregate principal amount of $325 million of 9 7/8% Second Priority Senior Secured Notes due 2012. The Offer was made pursuant to a prospectus, dated May 31, 2005, that is part of a Registration Statement filed with the Securities and Exchange Commission, which was declared effective on May 31, 2005.
ATA Airlines, Inc.
ATA Reports June Scheduled Service Traffic
INDIANAPOLIS, July 5, 2005 (PRIMEZONE) -- ATA Airlines, Inc., the principal subsidiary of ATA Holdings Corp. (Pink Sheets:ATAHQ), today reported that June scheduled service traffic decreased 48.4 percent from 2004 to 622.6 million RPMs (revenue passenger miles). Capacity decreased 45.7 percent compared to 2004 to 810.5 million ASMs (available seat miles). ATA's June scheduled service passenger load factor decreased 4.1 points to 76.8 percent. There were 493,432 passengers enplaned in June, a decrease of 48.9 percent.
Biophan CEO Discusses Benefits of Definitive Agreements with Boston Scientific in Interview with BiomedDiscoveries.com
LOS ANGELES, July 5, 2005 (PRIMEZONE) -- BiomedDiscoveries.com, http://www.BiomedDiscoveries.com, the online source for exclusive investor information in the biotechnology sector, has posted an exclusive streaming audio interview with Michael Weiner, CEO of Biophan Technologies (OTCBB:BIPH), a developer of next-generation medical technology. In the interview, Mr. Weiner discusses Biophan's recent execution of definitive agreements covering an equity investment and technology license by leading medical device manufacturer Boston Scientific Corp. (NYSE: BSX).
Fox & Hound Restaurant Group
Fox & Hound Restaurant Group to Host Fiscal 2005 Second Quarter Results Conference Call
WICHITA, Kan., July 5, 2005 (PRIMEZONE) -- Fox & Hound Restaurant Group (Nasdaq:FOXX) plans to release second quarter fiscal 2005 results on Thursday, July 7, 2005 after the close of the market. A conference call will be broadcast live and will be hosted by Steven M. Johnson, Chief Executive Officer, and James K. Zielke, Chief Financial Officer on Friday, July 8, 2005 at 10:00 a.m. EDT. The call in number is 1-800-988-9506, and the confirmation code is "FOXX". A recorded replay of the conference call will be available beginning July 8, 2005 through July 22, 2005. The replay call in number is 1-800-272-5921.
ViroPharma Announces Elimination of 2009 Debt
EXTON, Pa., July 5, 2005 (PRIMEZONE) -- ViroPharma Incorporated (Nasdaq:VPHM) today announced that it has delivered notice that it will exercise its right to automatically convert the remaining $15.35 million principal amount of its 6% Convertible Senior Secured Notes due October 2009 into 6,140,000 shares of common stock, pursuant to the terms of the Convertible Notes Indenture dated as of October 18, 2004. ViroPharma issued $75 million aggregate principal amount of the 2009 convertible senior notes in connection with the acquisition of Vancocin(R) from Eli Lilly & Company. ViroPharma has the right to elect to automatically convert 25% of the 2009 convertible senior notes issued under the indenture in any calendar quarter when the volume-weighted average price of ViroPharma's common stock exceeds $3.75 for 20 trading days during a 30-day trading period.
TelePlus Enterprises, Inc.
TelePlus Closes Acquisition of Telizon, Deal to Increase Revenues by $12M and EBITDA by $2.2M
MONTREAL, July 5, 2005 (PRIMEZONE) -- TelePlus Enterprises, Inc. (OTCBB:TLPE) (http://www.teleplus.ca), a vertically integrated provider of wireless and landline communications products and services across North America today announced that its subsidiary TelePlus Connect, Corp. ("TelePlus Connect"), which operates the Company's prepaid telecom division, closed effective July 1st 2005 its acquisition of Telizon, Inc. ("Telizon"), a reseller of landline and long distance services as well as an internet service provider.