latest news releases from the newsroom
ViroPharma Announces Agreement with SIGA Technologies for Sale of Biodefense Assets
EXTON, Pa., Aug. 25, 2004 (PRIMEZONE) -- ViroPharma Incorporated (Nasdaq:VPHM) announced that it has sold certain of its early stage biodefense assets, including compounds, assays and other intellectual property related to the development of antiviral drugs targeting the smallpox virus and viral hemorrhagic fever viruses, to SIGA Technologies, Inc. (Nasdaq:SIGA), a company that focuses on the development of products for the prevention and treatment of infectious diseases, with an emphasis on products for biological warfare defense. As consideration for such assets, SIGA Technologies paid ViroPharma $1,000,000 in cash and issued ViroPharma 1,000,000 shares of SIGA common stock.
Ruby Mining Company
Ruby Mining Company Forms Technology Alliance with Nova Ray, Inc.
ATLANTA, Aug. 25, 2004 (PRIMEZONE) -- Ruby Mining Company (OTCBB:RUBM) ("Ruby"), which conducts its operations through its subsidiary, Admiralty Corporation ("Admiralty"), has announced a strategic alliance with Nova Ray, Inc. ("NRI"), Kirkland, WA, producer of the Nova Ray(r), a highly advanced winged submersible remotely operated vehicle (ROV). NRI has agreed to make available its patented Arcuate wing technology to enhance the operating stability of Ruby's ATLIS field units in the marine environments in which they will be used.
Blyth, Inc. Reports Record 2nd Quarter Sales
GREENWICH, Conn., Aug. 25, 2004 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH), a leader in home decor and home fragrance products, today reported that Net Sales for the second quarter ended July 31, 2004 increased approximately 5% to $289.1 million compared with $275.3 million a year earlier. Operating Profit for the quarter declined to $19.0 million compared to $20.7 million for the prior year period. Net Earnings for the quarter were $9.4 million versus $11.2 million a year earlier. Diluted Net Earnings Per Share for the quarter were $0.21 per share compared to $0.24 for the same period last year.