Below is a list of the companies that made news, or had unusually high volume on Wednesday, January 27, 2010.
Repros Therapeutics Inc.
(Public, NASDAQ:RPRX)
Repros Therapeutics Inc. (NasdaqCM:RPRX) today announced that the Company and its consultants participated in a teleconference with the Division of Reproductive and Urologic Products of the FDA on January 25, 2010. The primary purpose of the meeting was to gain a better understanding of the FDA’s position regarding the use of Repros’ oral Androxal® product in the treatment of men with secondary hypogonadism wishing to preserve their fertility. The Company’s data supports the notion that the negative feedback of exogenous testosterone administered by any route suppresses the hypothalamic–pituitary axis and hence spermatogenesis.
The discussion with the FDA focused on two issues. Firstly, the FDA requested that the Company propose a label that better defines the population of individuals for whom Repros believes will benefit from the use of Androxal. Secondly, the FDA requested the Company conduct a literature review of the incidence of infertility associated with the use of exogenous testosterone as supportive of the Company’s data. The FDA requested that the Company provide such information and if the FDA finds the submission appropriate no additional clarifying meeting regarding the indication for Androxal may be required. During the course of the meeting Repros noted that if the FDA concurred with the indication proposed by the Company, Repros would like to request a special protocol assessment (SPA). The FDA responded that the issues noted above should be resolved first before undertaking a protocol review.
Provision Holding, Inc.
(Public, OTC:PVHO)
Provision Interactive Technologies, Inc. (“Provision”), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO), announced today that Provision’s Holovision technology and CEO Curt Thornton were featured in the Wall Street Journal’s Technology News and Insights section online. In addition to the article which explores 3D technology that doesn’t require glasses, Curt Thornton participated in a taped interview for a Wall Street Journal video piece on the same subject.
In the article, Thornton discusses how Provision’s innovative technology is currently breaking through “ad blindness” in retail spaces. He also touched upon Provision’s plans to bring the interactive 3D displays to the home gaming market.
“While Provision has believed in the power and value of 3D technology for years, it’s clear that consumers are now becoming fascinated with it as well. Much of that attention is thanks to the big name giants like Sony, Samsung, LG and Panasonic, however, they are launching 3D requiring glasses,” said Curt Thornton, CEO of Provision. “It’s only a matter of time until 3D without glasses is found in consumer homes, and Provision will certainly be at the forefront of this next wave.”
The article and video can be found at the Wall Street Journal online: Article found here
La Jolla Pharmaceutical Company
(Public, NASDAQ:LJPC)
La Jolla Pharmaceutical Co. (Nasdaq: LJPC) Monday announced it received a delisting notice from the Nasdaq Stock Market LLC on Jan. 19, indicating Nasdaq’s belief that the company is operating as a “public shell” and that the resulting entity in the proposed merger between the company and Adamis Pharmaceuticals Corp. (OTCBB: ADMP.OB) will not meet Nasdaq’s initial listing requirements.
Nasdaq has determined that the continued listing and trading of public shells could be detrimental to the interests of the investing public. Listing Rule 5101 provides Nasdaq with discretionary authority to apply more stringent criteria for continued listing and terminate the inclusion of particular securities based on any event that occurs that in the opinion of Nasdaq makes inclusion of the securities on Nasdaq inadvisable or unwarranted.
Bonanza Oil & Gas, Inc.
(Public, OTC:BGOI)
Bonanza Oil & Gas Inc. (BGOI), an independent oil and gas company, saw its shares rise more than 25 percent after being mentioned in several investment newsletters. The move also comes shortly after the company underwent a forward split last week, and after it announced agreements late last year to restructure its senior debt while increasing its authorized shares.
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About Michael: A young and savvy, yet experienced and accomplished investments mogul since ‘01; Michael has amassed a fortune as a private self investor. Recently starting his own successful blog and turning it in to a corporation — MIV Investments Inc., a company offering advice to thousands of people worldwide and attracting contracts from various reputable sources. His articles and publications have been linked to Forbes, CNN Money, Reuters, Bloomberg, and many other top worldwide mainstream media sources. |
