latest news releases from the newsroom
Basilea Pharmaceutica Ltd
Additional FDA Fast Track Designation for Basilea's Novel First-In-Class Antibiotic
BASEL, Switzerland, June 16, 2004 (PRIMEZONE) -- Basilea Pharmaceutica AG announced today that it received a second fast track designation from the U.S. Food and Drug Administration (FDA) for its novel broad-spectrum, first-in-class antibiotic BAL5788. The additional fast track designation covers hospital-acquired pneumonia including ventilator-associated pneumonia due to suspected or proven methicillin-resistant Staphylococcus aureus (MRSA). Fast track designation is designed to expedite the availability of treatments that address unmet medical needs for serious and life-threatening diseases. The growing incidence of serious infections caused by antibiotic-resistant bacteria is a matter of increasing global medical concern.
BSD Medical Corporation
BSD Medical Corporation Sells Its Holdings in TherMatrx, Inc.
SALT LAKE CITY, June 15, 2004 (PRIMEZONE) --BSD Medical Corp. (OTCBB:BSDM) today reported that American Medical Systems Holdings, Inc. (Nasdaq:AMMD) has agreed to acquire TherMatrx, Inc. for $40 million in cash at closing plus future payments contingent upon the combined entity's future sales of TherMatrx products. The sale includes all of BSD Medical's holdings in TherMatrx, Inc. BSD's initial cash payment at the time of closing (after the withholding of escrow funds and the payment of other initial obligations) is projected to be approximately $9 million. BSD will receive future contingent payments. Contingent payments to TherMatrx shareholders will be four times quarterly sales of TherMatrx products through the six quarters ending December 2005. BSD will begin to receive quarterly contingent payments when the accumulated value of four times quarterly sales has satisfied and exceeded the initial $40 million non-refundable payment. The maximum to be paid for TherMatrx will not exceed $250 million.
Dr. John Ferrie Receives the Queen's Birthday Honours CBE
LONDON, June 15, 2004 (PRIMEZONE) -- Smiths Aerospace is pleased to announce that Dr. John Ferrie, Group Managing Director has received the Civil Order of the British Empire (CBE) for service to the defence and aerospace industry in the Queen's Honours List 2004. The Prime Minister's Spokesman said the 2004 Birthday Honours List reflected and paid tribute to outstanding achievements and service right across the community and the nation as a whole. As with previous lists, a key aim has been to reward those who worked and served at the sharp end - people who had really changed things, or who had given outstanding service to others in difficult situations.
Brower Piven, A Professional Corporation
Law Offices of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Key Energy Services, Inc. -- KEG
BALTIMORE, June 15, 2004 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Key Energy Services, Inc. (NYSE:KEG) between April 29, 2003 and June 4, 2004, inclusive (the "Class Period").
CYOP Systems International Inc
CYOP Signs Agreement With Universal Media Inc.
VANCOUVER, British Columbia, June 15, 2004 (PRIMEZONE) -- CYOP Systems International Inc. (OTCBB:CYOS), the leading provider of online video games and tournaments of skill, is pleased to announce that it has reached an agreement whereby Universal Media Inc. ("Universal Media") will become a Value Added Reseller (VAR) for CYOP.
Oneida Ltd. Obtains Waiver Extensions Through July 15, 2004
ONEIDA, N.Y., June 15, 2004 (PRIMEZONE) -- Oneida Ltd. (OTCBB:ONEI) today announced that it has obtained further waiver extensions through July 15, 2004 from its lenders in regard to the company's financial covenants and in respect to certain payments that are due. Previously announced waivers were effective through June 15, 2004.
Murray, Frank & Sailer LLP
Investor Reminder: Deadline to Join Class Action Against Officers and Directors of Abatix Corporation for Violations of Federal Securities Laws is June 22, 2004 -- ABIX
NEW YORK, June 15, 2004 (PRIMEZONE) -- A class action complaint has been filed in the United States District Court for the Northern District of Texas, 4-04CV-297-Y, on behalf of all persons or entities who purchased or otherwise acquired Abatix Corporation ("Abatix" or the "Company") securities (Nasdaq:ABIX) between April 14, 2004 at 5:05 p.m. EST to April 16, 2004, at 9:27 a.m. EST, both times inclusive (the "Class Period"). The Complaint names Terry Shaver, Frank Cinatl IV, and the Company as defendants.