latest news releases from the newsroom
Encysive Pharmaceuticals Inc.
FDA Accepts Encysive's Complete Response to THELIN New Drug Application
HOUSTON, Dec. 28, 2006 (PRIME NEWSWIRE) -- Encysive Pharmaceuticals (Nasdaq:ENCY) today announced that the U.S. Food and Drug Administration (FDA) has accepted for review the Company's complete response to the July 24, 2006 approvable letter regarding its New Drug Application (NDA) for THELIN(tm) (sitaxsentan sodium) 100 mg tablets. The FDA has designated the review as a Class 2 resubmission and issued a new Prescription Drug User Fee Act (PDUFA) target action date of June 15, 2007.
Southern Home Medical Equipment, Inc.
Southern Home Medical Signs Letter of Intent to Purchase Apnea RX, Inc.
SPARTANBURG, S.C., Dec. 28, 2006 (PRIME NEWSWIRE) -- Southern Home Medical Equipment, Inc. (Pink Sheets:SHMM) announced today the signing of a letter of intent to purchase Apnea RX, Inc. Apnea RX in a durable medical equipment company located in Clemson, S.C. Apnea RX focuses primarily on the sleep market with a secondary focus on respiratory. Based on revenues currently being generated, Apnea RX is projected to finish 2007 with approximate revenues of $600,000.00. Greg Tucker, President of Southern Home Medical stated, "We look forward to the Apnea RX team joining us. The sleep market is an interesting segment of the industry. Eighty to 90 percent of adults with clinically significant sleep disordered breathing remain undiagnosed. Apnea RX is poised to play a significant role in helping those with sleep related issues."
Donegal Group Inc.
Sheboygan Falls Mutual Insurance Company and Donegal Mutual Insurance Company Announce Strategic Affiliation
SHEBOYGAN FALLS, Wis. and MARIETTA, Penn., Dec. 28, 2006 (PRIME NEWSWIRE) -- Sheboygan Falls Mutual Insurance Company and Donegal Mutual Insurance Company announced today that they have signed an agreement whereby Donegal Mutual will make a contribution note investment of $3,500,000 in Sheboygan Falls Mutual and Donegal Mutual will enter into a services agreement with Sheboygan Falls Mutual for the purpose of reducing costs through economies of scale. Consummation of the transactions requires the approval of the Office of the Commissioner of Insurance of the State of Wisconsin.