latest news releases from the newsroom
FreeSeas Inc. Announces 2009 First Quarter Financial Results
PIRAEUS, Greece, May 28, 2009 (GLOBE NEWSWIRE) -- FreeSeas Inc. (Nasdaq:FREE) (Nasdaq:FREEW) (Nasdaq:FREEZ) ("FreeSeas" or the "Company"), a transporter of dry bulk cargoes through the ownership and operation of a fleet of seven Handysize vessels and two Handymax vessels, today announced financial results for its first quarter ended March 31, 2009.
Biologics Sector Expected to Drive Deal Activity in the Biopharma Industry Through the Balance of 2009, Finds New PricewaterhouseCoopers Report
NEW YORK, May 28, 2009 (GLOBE NEWSWIRE) -- Dried up credit, an anaemic IPO market and a reluctant investor pool have taken their toll on the biotech industry. And, a 60 percent drop in the NASDAQ Biotech Index from March 2008 to March 2009 has spurred a drop in the valuations of private biotech companies. These factors will likely result in an uptick in biotech M&A and alliance activity in 2009, with a number of specific therapeutic and diagnostics segments driving the activity, according to a new report from PricewaterhouseCoopers LLP (PwC) entitled "Biotech: Lifting Big Pharma's Prospects with Biologics."