latest news releases from the newsroom
Durban Roodepoort Deep
DRD Acquires 20% Interest in Porgera Gold Mine
JOHANNESBURG, South Africa, Oct. 14, 2003 (PRIMEZONE) -- Durban Roodepoort Deep, Limited (JSE:DUR) (Nasdaq:DROOY) (ASX:DRD), announced today that it has reached agreement with Oil Search Limited (OSL) to acquire that company's 20% interest in the Porgera Gold Mine (Porgera) in Papua New Guinea (PNG).
Pyrosequencing Acquires U.S. Biotage
UPPSALA, Sweden, Oct. 14, 2003 (PRIMEZONE) -- Pyrosequencing AB (Stockholm PYROA) (Other OTC:PYRSF) announces that the Company has entered into an agreement with Dyax Corp. ("Dyax") to acquire Biotage LLC ("Biotage"), a wholly-owned subsidiary of Dyax for approximately $ 35 million in cash. The Company plans to take over mortgage on Biotage's newly built premises in Virginia, which will reduce the purchase price to approximately $ 30 million. Through the acquisition, the product line Medicinal Chemistry will be strengthened with a supplementary product portfolio of purification and separation systems. Increased turnover and substantial operational synergies enhance the possibility for Pyrosequencing to reachprofitability faster.
CDMA Development Group
CDMA2000 Reaches Over 60 Million Subscribers
COSTA MESA, Calif., Oct. 14, 2003 (PRIMEZONE) -- The CDMA Development Group (CDG) (www.cdg.org) reported today that the 3G CDMA2000(r) subscriber base has nearly doubled since December 2002, reaching 60 million at the end of August, and is growing at an average 3.5 million users per month. More than 30 percent of CDMA subscribers now use 3G services.