latest news releases from the newsroom
Brower Piven, A Professional Corporation
Law Offices of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Blue Rhino Corporation -- RINO
BALTIMORE, May 20, 2003 (PRIMEZONE) -- Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Blue Rhino Corporation (Nasdaq:RINO) between August 15, 2002 and February 5, 2003, inclusive (the "Class Period").
GlaxoSmithKline and Medivir Announce Licensing Agreement on Antiviral Compound
HUDDINGE, Sweden, May 20, 2003 (PRIMEZONE) -- GlaxoSmithKline (NYSE:GSK) and Medivir today announce that they have signed a licensing agreement for MIV-210, a nucleoside analogue reverse transcriptase inhibitor (NRTI) that has recently begun phase I clinical development. GSK's primary focus will be the continued development of MIV-210 for the treatment of HIV. MIV-210 is active against HIV in both cell culture and in vivo models. The in vitro data indicate that MIV-210 has a unique resistance profile and retains activity against HIV strains that have become resistant to other NRTIs currently on the market. Data available thus far show that the compound has a good pharmacokinetic profile.
Sale of Interliant Assets and Operations Complete; Plan of Liquidation to be Filed
PURCHASE, N.Y., May 20, 2003 (PRIMEZONE) -- Interliant, Inc. (OTCBB:INIT) today announced that on May 16, 2003, it closed on the sale of substantially all of its assets comprising its entire business operations, to a wholly owned subsidiary of NaviSite, Inc. (Nasdaq:NAVI). NaviSite, a provider of application and infrastructure management services, was the successful bidder at a bankruptcy auction conducted on May 8 and 9, 2003. On May 15, 2003, the US Bankruptcy Court for the Southern District of New York entered an order authorizing and approving the sale.
Millicom International Cellular
MIC Reaches Three Million Proportional Subscribers
NEW YORK, LONDON and LUXEMBOURG, May 20, 2003 (PRIMEZONE) -- Millicom International Cellular S.A. ("Millicom" or "MIC") (Nasdaq:MICC), the global telecommunications investor, today confirms that at the end of April 2003, its operations in Asia, Africa and Latin America (excluding El Salvador) had exceeded 3 million subscribers on a proportional basis.