latest news releases from the newsroom
Generex Biotechnology Corp.
Generex to Host Satellite Symposium At World Congress on Controversies to Consensus in Diabetes, Obesity & Hypertension
WORCESTER, Mass., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Generex Biotechnology Corporation (Nasdaq:GNBT) (http://www.generex.com), the leader in drug delivery for metabolic diseases through the inner lining of the mouth, announced today that, in addition to making three poster presentations of clinical data, it will host a satellite symposium at the 2nd World Congress on Controversies to Consensus in Diabetes, Obesity and Hypertension (www.codhy.com) being held in Barcelona, Spain October 30 - November 2, 2008.
Pain Therapeutics, Inc.
Pain Therapeutics Announces Third Quarter 2008 Financial Results
SAN MATEO, Calif., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Pain Therapeutics, Inc. (Nasdaq:PTIE) today reported financial results for the three and nine months ended September 30, 2008. Net income for the quarter ended September 30, 2008 was $15.2 million, or $0.35 per diluted share, compared to $3.2 million, or $0.07 per diluted share, in the third quarter of 2007. Net income for the nine months ended September 30, 2008 was $16.7 million, or $0.38 per diluted share, compared to $19.2 million, or $0.42 per diluted share, for the same period in 2007. Pain Therapeutics ended the third quarter with $193.2 million in cash, no debt and 41.9 million shares outstanding.
Magma Design Automation
Avnera Standardizes On Magma Implementation Flow -- Cites Fast Design Completion
SAN JOSE, Calif., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced that Avnera Corporation standardized on Magma's implementation software for development of its AvneraAudio(tm) integrated circuits and modules. Avnera, a fabless semiconductor company developing breakthrough technology for wired-quality wireless audio, selected the Magma system for its ability to shorten total turnaround time and get finished chip designs to market faster.
Toll Brothers, Inc.
Toll Brothers' Website to Broadcast Its November 11, 2008 'Fourth Quarter 2008 Outlook' Conference Call Live
HORSHAM, Pa., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, will broadcast live on its website, www.tollbrothers.com, a conference call to discuss its preliminary results and outlook for its fourth quarter and fiscal year ending October 31, 2008. The event is scheduled for 2:00 p.m.(EST) on Tuesday, November 11, 2008. It will follow announcement of the Company's fourth quarter and full fiscal year 2008 preliminary results for home building revenues, contracts and backlog before the market opens on Tuesday, November 11, 2008. The call will be hosted by Robert I. Toll, Chairman and Chief Executive Officer.
MAKO Surgical Corp.
MAKO Surgical Corp. Announces Up to $60 Million Private Placement Financing From Three Leading Health Care Investment Firms
FT. LAUDERDALE, Fla., Oct. 29, 2008 (GLOBE NEWSWIRE) -- MAKO Surgical Corp. (Nasdaq:MAKO), a medical device company focused on marketing its Tactile Guidance System(tm) (TGS(tm)), an advanced robotic-arm solution, and its implants for minimally invasive orthopedic knee procedures, known as MAKOplasty(r), today announced that it has entered into a definitive agreement for an equity financing of up to $60 million, with initial gross proceeds of $40 million and conditional access to an additional $20 million. The $40 million tranche is scheduled to close on Friday, October 31, 2008, subject to the satisfaction of certain customary closing conditions.