Opko Health shares reach 52-week high as Frost insider buys continue

Posted by on Mar 18, 2013 in Newsroom, Other Regional News | 0 comments

MIAMI, FL – Shares of Opko Health hit a 52-week high on Friday after another round of stock purchases by Chairman and CEO Dr.Phillip Frost. After opening at $7.54, shares of the Miami-based pharmaceutical company (NYSE: OPK) closed at $7.83, up 3.9 percent. Over 4 million shares changed hands, which exceeded the average daily volume of 2.5 million shares, according to Yahoo! Finance. The previous 52-week high was $7.59 on March 11. The 52-week low was $4 on Aug. 2. Starting on Feb. 13, Frost has purchased shares of Opko on every business day since, according to Securities and Exchange...

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PTRP Renamed Wake Forest Innovation Quarter

Posted by on Mar 13, 2013 in Newsroom, Other Regional News | 0 comments

WINSTON-SALEM, NC – Piedmont Triad Research Park, Winston-Salem’s growing hub for technology and innovation, is undergoing some significant changes. The park is being renamed “Wake Forest Innovation Quarter,” Wake Forest Baptist Medical Center announced yesterday. The press conference took place at Wake Forest Biotech Place, the park’s flagship building. The rebranding capitalizes on Wake Forest University’s reputation for medical research as well as distinguishes the park as its own unique entity. “We were constantly being confused with RTP (Research Triangle Park)...

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Venezuelan pharmaceutical company seeks incentives for 100 jobs in Tamarac, FL

Posted by on Mar 8, 2013 in Newsroom, Other Regional News | 0 comments

TAMARAC, FL – A pharmaceutical manufacturing company in Venezuela is seeking $500,000 in public incentives to open a facility in Tamarac with 100 workers. The company’s name is being kept confidential for now, as the county dubs it “Project Monodose.” It would make a $50 million investment to purchase, renovate and equip a 135,000-square-foot manufacturing facility in Tamarac. The 100 jobs would pay an average annual wage of $49,555. Should the company create and maintain those jobs from 2014 through 2019, it would receive $500,000 under the Qualified Targeted Industries (QTI)...

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Guided Therapeutics Receives $1.65 Million from Exercised Warrants

Posted by on Mar 8, 2013 in Newsroom, Other Regional News | 0 comments

NORCROSS, GA – Guided Therapeutics, Inc. (OTCBB: GTHP) (OTCQB: GTHP), today announced that it received approximately $1.65 million from the exercise of warrants that had an expiration date of March 1, 2013. In connection with the exercise of these warrants, the Company issued 2,539,659 shares of its common stock. The exercised warrants had an exercise price of $0.65 per share. The Company intends to apply the proceeds to increase inventory of the LuViva® Advanced Cervical Scan device to meet current demand for the product, and expand its international marketing and sales...

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Wright Medical completes $380M purchase of BioMimetic Therapeutics

Posted by on Mar 1, 2013 in Newsroom, Other Regional News | 0 comments

MEMPHIS, TN – Wright Medical Group Inc. (Nasdaq: WMGI) has finalized its $380 million purchase of Franklin-based BioMimetic Therapeutics Inc. (Nasdaq: BMTI) under terms that included an up-front payment of about $190 million in cash and stock. Wright Medical, which is headquartered near Memphis in Arlington, Tenn.,announced its intent to acquire BioMimetic in November 2012. A release indicated approximately 7 million shares of Wright Medical stock will be issued as part of completing the transaction. On Feb. 21 Wright announced its financial results through fourth-quarter 2012,...

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California-based medical imaging company Digirad relos HQ to Atlanta

Posted by on Feb 28, 2013 in Newsroom, Other Regional News | 0 comments

ATLANTA, GA – A San Diego area-based digital imaging company will relocate its headquarters to Atlanta. Poway, Calif.-based Digirad Corp. (NASDAQ: DRAD) develops and makes medical diagnostic imaging systems for the detection of cardiovascular disease and other medical conditions. Digirad designed and commercialized the first solid-state gamma camera, according to its website. By using solid-state technology rather than bulky vacuum tubes, Digirad’s imaging systems maintain image quality while offering significant advantages over vacuum tube-based systems. Digirad, which reported...

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