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May 2013
Antares Pharma is focused on self-administered parenteral
pharmaceutical products and topical gel-based medicines. The company is
developing products in conjunction with various partners that will help people
deal with rheumatoid arthritis, psoriasis, overactive bladder, menopause, and
other medical problems.
The company reported today that Marvin Samson has been elected to its Board of Directors by shareholders at the annual shareholder meeting. He is an expert in injectable manufacturing and delivery systems, which is a big part of Antares Pharma’s business. Samson was formerly the group vice-president – worldwide of Teva Pharmaceutical Industries. He has served as CEO and member of the Board at Sicor and was also a founder and CEO of Elkins-Sinn and Marsam Pharmaceuticals.
Additionally, Samson is the founder and CEO of Samson Medical Technologies, a privately-held company providing hospital and alternative site pharmacists with injectable drug delivery systems and programs. He is also Chairman of the Board of JHP Pharmaceuticals and serves on the Board of Directors of Flynn Pharma, NanoPass Technologies, and Emcure Pharmaceuticals. In the past, he served as Chairman of Endo Pharmaceuticals. Samson also holds five patents pertaining to pharmaceutical manufacturing.
Antares’ management is enthused to have Mr. Samson aboard. The company’s CEO, Paul K. Wotton, Ph.D., said, “His extensive commercial expertise in injectable manufacturing and delivery systems will be invaluable as we launch new products and add to an already exciting pipeline. The company’s chairman, Leonard S. Jacob, M.D., Ph.D., added “His broad expertise in all aspects of our business will be an important asset to us as we prepare to launch OTREXUP early next year.” OTREXUP is a combination product for the delivery of methotrexate using its Medi-Jet technology for the treatment of rheumatoid arthritis.
For further information about Antares Pharma, its technologies, and product pipeline, please visit www.antarespharma.com
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Affymetrix recently announced the
appointment of Gavn Wood to the positions of Vice President and Chief Financial
Officer, after having served as VP of Finance and International Controller.
Wood will report to president and CEO Frank Whitney. Current CFO Tim Barabe is
expected to retire from Affymetrix effective June 28, 2013.
Santa Clara, CA-based Affymetrix is focused on developing technology that enables multiplex and parallel analysis of biological systems at the cell, protein, and gene level. The company maintains a portfolio of transitional and clinical solutions that enable scientists to translate their research into understanding underlying disease mechanisms, identifying biomarkers for personalized medicine, creating new molecular diagnostic tests, and improving genetic marker-assisted breeding programs in agriculture.
Wood joined Affymetrix in 2006; beyond his VP Finance and International Controller duties, he has managed the integration and consolidation of a number of European acquisitions (most recently eBioscience), as well as restructuring the support organization and providing leadership to the European commercial team.
“I am very excited to have the opportunity to lead our global finance organization,” said Wood. “Our priorities are clear, including returning to growth and sustained profitability and strengthening our balance sheet. I look forward to working with the executive team to deliver on our strategic plan to grow the business in translational medicine, clinical diagnostics and the applied markets.”
Frank Witney, president and CEO of Affymetrix, said, “I firmly believe that we need a CFO that understands the dynamics of our business and has the knowledge and energy to drive change in an organization that is in transformation. As a senior leader of our international team since 2006, Gavin has consistently proven that he can do that. I’d like to extend a welcome to Gavin and his family who will be relocating to California. I would like to thank Tim [Barabe] for the contributions that he has made to Affymetrix and wish him well in his future endeavors.”
For more information, visitwww.affymetrix.com
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Affymetrix recently announced the appointment of Gavn Wood to the positions of Vice President and Chief Financial Officer, after having served as VP of Finance and International Controller. Wood will report to president and CEO Frank Whitney. Current CFO Tim Barabe is expected to retire from Affymetrix effective June 28, 2013.
Santa Clara, CA-based Affymetrix is focused on developing technology that enables multiplex and parallel analysis of biological systems at the cell, protein, and gene level. The company maintains a portfolio of transitional and clinical solutions that enable scientists to translate their research into understanding underlying disease mechanisms, identifying biomarkers for personalized medicine, creating new molecular diagnostic tests, and improving genetic marker-assisted breeding programs in agriculture.
Wood joined Affymetrix in 2006; beyond his VP Finance and International Controller duties, he has managed the integration and consolidation of a number of European acquisitions (most recently eBioscience), as well as restructuring the support organization and providing leadership to the European commercial team.
“I am very excited to have the opportunity to lead our global finance organization,” said Wood. “Our priorities are clear, including returning to growth and sustained profitability and strengthening our balance sheet. I look forward to working with the executive team to deliver on our strategic plan to grow the business in translational medicine, clinical diagnostics and the applied markets.”
Frank Witney, president and CEO of Affymetrix, said, “I firmly believe that we need a CFO that understands the dynamics of our business and has the knowledge and energy to drive change in an organization that is in transformation. As a senior leader of our international team since 2006, Gavin has consistently proven that he can do that. I’d like to extend a welcome to Gavin and his family who will be relocating to California. I would like to thank Tim [Barabe] for the contributions that he has made to Affymetrix and wish him well in his future endeavors.”
For more information, visit www.affymetrix.com
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Phoenix-based specialty retailer and loyalty marketplace
preferred partner SkyMall has merged into a subsidiary of leading digital
marketing and advertising solutions provider Xhibit. Together, the companies
will concentrate on the next-generation interactive platform to provide a
comprehensive and enhanced client experience to SkyMall’s 650 million viewers
and to more than 135 million loyalty division members.
“We are excited to bring these two companies together,” said Xhibit Founder Chris Richarde , who will now serve as president of Xhibit Corp. “At Xhibit’s core, we have focused on building communities that link consumers with product and service providers while enhancing the purchasing process. We believe that our platform will enhance the shopping experience for SkyMall’s suppliers, customers and members.”
Xhibit’s large digital media distribution network will combine with SkyMall’s increasing merchants and customer reach to create a world-class consumer merchandising and relationship platform. SkyMall’s catalog is currently accessible to 80 percent of domestic travelers in the United States, and SkyMall is additionally the preferred loyalty partner provider to iconic enterprises in finance, gaming, and hospitality verticals.
Najafi Companies – the owners of SkyMall prior to the merger – will continue as a major shareholder of Xhibit Corp. Xhibit has acquired all outstanding capital stock of the SkyMall parent for newly issued shares of Xhibit common stock, which represents around 40 % of the total outstanding shares of Xhibit capital stock. Structured as a merger of a newly formed Xhibit subsidiary into the SkyMall parent, the transaction was unanimously approved by the Xhibit and SkyMall parent boards of directors and by the shareholders of the SkyMall parent.
For more information, visit www.xhibitcorp.com
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Sonus Networks, a leader in SIP communications worldwide and the fastest growing brand of session border controllers, announced today that Smarttel Technologies, a Bangladesh-based international carrier wholesale operator, will be deploying the Sonus SBC 5100 Session Border Controller (SBC) as the Session Initiation Protocal (SIP) interconnect platform for its global network. Specifically, the Sonus SBCs are being deployed at Smarttel interconnect borders for security purposes, as well as to monitor and enforce service levels. Smarttel interconnect borders are demarcation points where two networks meet. This deployment marks Smarttel’s first of Sonus SBCs and will be Sonus’ first entry into the SBC market in Bangledesh.
“Smarttel’s deployment of Sonus SBCs signifies the increasing awareness that businesses in Asia Pacific have that the future of communications is grounded in SIP,” said Pierre-Jean Chalon, vice president and general manager, Asia Pacific Sales, Sonus. “The Sonus SBC 5100 meets the next-generation needs of SIP communications by delivering interworking, embedded media transcoding, robust security and advanced call routing in a high-performance, small form-factor device. We are proud that Smarttel trusts Sonus’ advanced SBCs to help the company capitalize on a growing demand for SIP services.”
The Sonus SBC 5100, designed to deliver an intelligent interconnection between Smarttel and its partner networks, is a stellar combination of security, media switching, and transcoding services in a single scalable device. The Sonus SBC 5100 is capable of providing 250 to 10,000 sessions on a single server. Smarttel was looking for a high performing product that could secure its network borders, enforce quality of service policies, traverse intermediate network address translation and firewalls, ensure regulatory compliance, deliver the essential transcoding of media and provide codec, dual-tone multi-frequency, and fax networking.
“Our business continues to grow at a rapid pace, and we needed a session border controller that will scale as our business demands change, without compromising on performance,” said Anwarul Abedin Manik, chief executive officer, Smarttel Technologies Ltd. “Deploying Sonus session border controllers helps us deliver cost-efficient, high-quality termination for our customers. The industry-leading performance and scale of Sonus’ SBC 5100 allows us to maintain a competitive edge in the market while delivering exceptional customer service.”
For further information, please visit www.sonus.net
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Today, Novavax announced it has completed purification of one lot of A/Anhui/1/13 H7N9 virus-like particle (VLP) vaccine and has commenced animal immunogenicity and efficacy studies, including studies that are intended to evaluate protection against wild-type viral challenges. The company began work on the strain in early April 2013, completing within 28 days analysis and optimization of the gene sequences for the key viral hemagglutinin (HA) and neuraminidase proteins synthesis of the genes, construction of a recombinant baculoviris vector, infection of insect cells, purification of the first batches of VLP vaccine, and administration to animals.
In October of last year, Novavax reported topline data from its two Phase I clinical trials of A/H5N1 vaccine, which were conducted under the company’s $179 million contract with the U.S. Department of Health and Human Services’ Biomedical Advanced Research and Development Authority (BARDA). The trials demonstrated that the VLP avian influenza vaccine was immunogenic at conventional doses without adjuvant and induced strong immunogenicity in all its adjuvanted does groups, including the lowest dose of 3.75ug. Vaccine homologous antibody responses were demonstrated as well as cross clade immunity – an immunity which could be important if a pandemic virus experiences antigenic drift during a vaccine campaign.
“The Novavax team has demonstrated that recombinant vaccine technology can be used to rapidly move from identification of a lethal virus to production of a vaccine,” said Novavax Chief Medical Officer Dr. Gregory Glenn. “Based on our recent clinical trials with A/H5N1 vaccine that induced 100% seroprotection using low doses of an otherwise poorly immunogenic vaccine, we are optimistic that our A/H7N9 VLP may induce strong immune responses and perform well in animal efficacy testing.”
While the company’s recent clinical results for A/H5N1 help demonstrate the potential efficacy and immunogenicity of its pandemic VLP vaccines, Novavax has always believed the real test of its platform would be the ability to quickly respond to an emerging pandemic threat. The company has committed to its A/H7N9 campaign without the aid of outside funding.
For more information, visit the Novavax Web site at www.novavax.com
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EarthLink, a leading IT services and communications
provider, recently announced a partnership with Broadleaf Services aimed to
deliver Samsonite LLC, the world’s largest travel luggage company, a managed
colocation solution and professional services to transform the company’s IT
infrastructure. Samsonite, as part of the solution, has migrated all of its
North American IT operations to an EarthLink SSAE 16 SOC 2 compliant data
center.
In an effort to thoroughly understand Samsonite’s business needs, EarthLink worked with Channel Partner Broadleaf Services. Samsonite was searching for a national provider that offered fully-managed colocation services that could also help the company migrate to the cloud and an IaaS (Infrastructure as a Service) solution. EarthLink provided a customized solution that included professional services to execute the migration of Samsonite’s physical IT assets to the EarthLink data center. EarthLink has stated that it also plans to provide Samsonite with ongoing consulting on capacity planning as well as server and storage utilization to ensure Samsonite’s IT environment is properly sized and operating at peak efficiency.
EarthLink’s Managed Services have significantly reduced the time and personnel resources that Samsonite’s IT staff needs to deploy to manage its IT infrastructure, according to Samsonite.
“We sought a solid relationship with a service provider willing to help us fulfill our long term objective of building an Infrastructure as a Service (IaaS) environment and move to the cloud in the future,” stated Bill Morrison, Director of IT Americas for Samsonite LLC. “When Broadleaf recommended EarthLink, we were very impressed with their data center in Marlborough, MA, which is located near our U.S. headquarters. EarthLink and Broadleaf’s professional services and engineering expertise made the migration to the data center incredibly smooth. With server and data center management off our plate, I can now assign my IT team to more strategic projects that will help our company innovate and grow.”
Broadleaf’s Vice President of Sales Ted Lambert believes that EarthLink was the clear choice. “Samsonite was looking to build a true partnership with a managed service provider. They wanted a provider that has the ability to deliver the level of service they need for the long term and will communicate effectively with the Samsonite IT team. As Samsonite grows, they want the partnership to flourish and for EarthLink to provide additional services when needed. EarthLink understood Samsonite’s vision, developed the long and short term solutions and executed a near seamless data center migration,” he said. “EarthLink also provided a business continuity solution to protect the IT environment during the migration phase.”
Customers can choose the best location option for their managed colocation solution thanks to EarthLink’s geographically-diverse SSAE16 compliant data centers located throughout the country that are all linked to the company’s nationwide IP network.
“One of EarthLink’s great strengths is how well we collaborate with partners like Broadleaf to create customized solutions for customers,” commented Michael. D. Toplisek, EarthLink Executive Vice President of Sales and Marketing. “Enabling Samsonite to hand off time-consuming server maintenance and consolidate their global data center operations with us frees their IT team to focus more on their core business.”
For more information on EarthLink, Inc., please visit www.earthlink.com
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DNDN is rounding itself out and making a higher low than the
$3.69 low hit last October. The indicators are trending back towards
bullishness, signaling that the chart could be ready to continue to climb
towards resistance around $5.50 and, importantly, back over top the 50-day and
200-day moving averages.
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Today, Virtual Piggy announced that the National Parenting
Center has awarded it a 2013 Seal of Approval under its “Websites” category.
Virtual Piggy is an online financial tool for young people designed to assist users under 18 to make purchasing, saving, and other money management decisions within boundaries setup by parents. The technology is available online or via mobile, and is always 100% free.
“Virtual Piggy was seen by testers as an invaluable real-life lesson in understanding how to budget, save, donate to charity and make responsible online purchases,” remarked David Katzner, President of The National Parenting Center. “Parents were impressed with the lengths Virtual Piggy went to ensure privacy and security.”
Virtual Piggy Founder and CEO, Dr. Jo Webber, said, “We are honored to receive The 2013 National Parenting Center Seal of Approval. To be recognized by parents for our efforts to keep kids and teens safe online, teach financial literacy and give parents better controls for their childrens’ online spending is an excellent endorsement for our company.”
Winning this Seal of Approval puts virtual piggy in the company of other prestigious organizations who have won in the past, including DisneyFamily.com, Disney’s Toontown Online, MoshiMonsters.com, Sports Illustrated for Kids, and Sony’s Free Realms.
For information about Virtual Piggy visit www.VirtualPiggy.com
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New York Mortgage Trust, a Maryland Corporation that has
elected to be taxed as a real estate investment trust, announced on April 30
that it has priced a public offering of 13,600,000 shares of common stock,
totaling estimated gross proceeds of around $97.4 million. The company also
granted underwriters the option to purchase up to an additional 2,040,000
shares of common stock. Expected to close on May 3, the offering is subject to
customary closing conditions. Serving as joint bookrunners for the offering are
Deutsche Bank Securities and Credit Suisse. Serving as co-managers are JMP
Securities LLC; Ladenburg Thalmann & Co., Inc., which is a subsidiary of
Ladenburg Thalmann Financial Services, Inc.; and Maxim Group LLC.
NYMT plans initially to use the net proceeds of the offering primarily to acquire Agency RMBS (including Agency interest-only securities) and certain other of its targeted assets. The company intends, over time, to redeploy a substantial portion of the net proceeds from the offering to acquire certain of its other targeted assets. NYMT may additionally use net proceeds for working capital, including repaying indebtedness.
All shares of NYMT’s common stock are being offered under the company’s existing shelf registration statement, declared effective on Jan. 28, 2013, by the Securities and Exchange Commission. The offering of these shares is being made by means of a prospectus and a related prospectus supplement only, which are to be filed with the Securities and Exchange Commission. Interested parties may obtain copies of the prospectus and prospectus supplement from Deutsch Bank Securities by e-mailing prospectus.cpdg@db.com or calling 800-503-4611.
Copies of the prospectus and prospectus supplement can also be obtained from Credit Suisse Securities by e-mailing newyork.prospectus@credit-suisse.com or calling 800-221-1037.
For more information about New York Mortgage Trust, visit www.nymtrust.com
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