latest news releases from the newsroom
MorphoSys Enlarges Therapeutic Antibody Collaboration With Pfizer -- Expansion Doubles Potential Deal Volume for MorphoSys
MARTINSRIED, Germany, Dec. 20, 2006 (PRIME NEWSWIRE) -- MorphoSys AG (Frankfurt:MOR), (Prime Standard Segment), announced today an early expansion of its therapeutic antibody collaboration with Pfizer Inc., until the end of 2011. Under the extended agreement, Pfizer has the option to begin new therapeutic antibody projects with MorphoSys resulting in an increased level of programs to be performed within the collaboration. As a result, the potential value for MorphoSys in research funding and potential developmental milestone payments increases to more than US$ 100 million, not including royalties. Additionally, the extension triggers a one-off payment from Pfizer to MorphoSys. Further financial details were not disclosed.
Well Renewal, Inc.
Well Renewal Signs Merger LOI With Petro-Chemical Company
TULSA, Okla., Dec. 19, 2006 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), a rapidly growing diversified oil and gas regional operator, specializing in enhanced technologically advanced recovery of abandoned and low-production oil properties, oil field services and petrochemical distribution, is delighted to announce it has completed a Letter of Intent to Merge with ESP Resources, Inc. (ESP) of Houston, TX.
NewStar Financial, Inc.
NewStar Financial Announces Closing of Initial Public Offering and Underwriters' Exercise of Option to Purchase Additional Shares
BOSTON, Dec. 19, 2006 (PRIME NEWSWIRE) -- NewStar Financial Inc. (Nasdaq:NEWS), a commercial finance company, announced today the completion of its initial public offering of 12,000,000 shares of its common stock priced at $17.00 per share. NewStar sold all of the shares in the offering. NewStar also announced today that the underwriters of its initial public offering exercised in full their option to purchase an additional 1,800,000 shares of common stock from NewStar. The sale of the additional 1,800,000 shares was completed today as well.
ACME Communications Appoints Rick Wasserman to Its Board of Directors
SANTA ANA, Calif., Dec. 19, 2006 (PRIME NEWSWIRE) -- ACME Communications, Inc. (Nasdaq:ACME) announced today the appointment of Rick Wasserman to the Company's Board of Directors, effective December 21, 2006. Mr. Wasserman fills an existing vacancy in the Board and will be included in the nominees for election at the 2007 annual stockholders meeting, to be held in late Spring of 2007.
Aventine Renewable Energy Holdings, Inc.
Aventine's Marketing Alliance Increases With Redfield Energy
PEKIN, Ill., Dec. 19, 2006 (PRIME NEWSWIRE) -- Aventine Renewable Energy Holdings, Inc. (NYSE:AVR), a leading producer, marketer and end-to-end supplier of ethanol, today announced that it has added a new marketing alliance partner, Redfield Energy, LLC, to its growing marketing alliance network. Aventine will market all of the ethanol produced by Redfield Energy at its Redfield, SD facility.
Hancock Holding Company
Photo Release -- Chaney & Hairston Named CEOs of Hancock Holding Company
GULFPORT, Miss., Dec. 19, 2006 (PRIME NEWSWIRE) -- In a strong vote of confidence that affirms a team-oriented succession strategy more than a century in the making, the board of directors of Hancock Holding Company - parent company of 108-year-old Hancock Bank - today named Chief Financial Officer Carl J. Chaney and Chief Operations Officer John M. Hairston as chief executive officers of the company.