Depomed, American Video Teleconferencing, Proper Power & Energy –
Crwewallstreet Newsletter
__ Shares of DEPO, jumped $2.14 (+34.29%), up to 8.38 in today trading! Depomed, Inc. (Nasdaq:DEPO) freshly announced that US FDA has approved GRALISE(TM) (gabapentin) Tablets for once-daily treatment of post-herpetic neuralgia (PHN), which is pain following healing of the rash associated with shingles. GRALISE was developed by Depomed under the code name DM-1796 and is licensed to Abbott Products, Inc. in the U.S., Canada and Mexico. The approval of GRALISE triggers a milestone payment of $48 million from Abbott to Depomed.
Carl Pelzel, President and CEO of Depomed, stated: “The approval of GRALISE is a major step toward achieving our key strategic objective of sustainable profitability in 2011 and beyond. I`d like to thank everyone on the Depomed and Abbott teams involved in the development and approval of this important therapy for their hard work and dedication.” About Depomed:
Depomed, Inc. is a specialty pharmaceutical company with one approved product on the market and has developed another approved product. GLUMETZA(R) (metformin hydrochloride extended release tablets) is approved for use in adults with type 2 diabetes and promoted by Santarus, Inc. in the United States. GRALISETM (gabapentin) is a once-daily treatment approved for management of post-herpetic neuralgia (PHN) and has been licensed to Abbott Products Inc. The company also has a robust pipeline including one in Phase 3 clinical development, and other product candidates in its early stage pipeline. Product candidate Serada(R) is in Phase 3 clinical development for menopausal hot flashes. Depomed formulates its products and product candidates with its proven, proprietary Acuform(R) drug delivery technology, which is designed to improve existing oral medications, allowing for controlled release of medications to the upper gastrointestinal tract when dosed with food.
More about DEPO at: www.depomedinc.com American Video Teleconferencing Corp. (Pink Sheets:AVOT.PK), “the company” has announced that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company`s exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp.(DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology, has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists. The company is looking forward to this new relationship with Mr. Lockhart as he will be able to provide the guidance, expertise and leadership that will be needed moving forward, as he has had many years experience working in the province of Quebec.
AVOT is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960`s when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties the company has under consideration in the province of Quebec.
To contact the company, Email at dealseekers10@gmail.com More:
China has started to drastically reduce the exports of rare-earth materials, which frequently are used in green technology designs, including hybrid vehicles and energy-efficient lighting, as well as in the healthcare, defense, and consumer markets. The nation supplies nearly 100% of the worlds rare-earth materials: 17 metals which are difficult to refine and that tend to occur in the same ore deposits. The cutbacks have sent shock waves through the electronics industry and could force design changes in the near future.
Constraints on Chinese exports are generating opportunities for non-Chinese projects.
Oil is the raw material that makes the functioning possible of nearly every element of the U.S. economy, directly or indirectly. It supplies 40% of the nations power supplyway above any other source. Oil gives power to our industries, gives heat to our buildings, and supplies the raw material for plastics, paints, textiles, and many more materials. But it is in our transportation that oil is most important.
Oil supplies 97% of the fuel consumed by Americas gigantic fleet of trucks, trains, planes, ships, buses and cars.
We have based our entire way of life on a non-renewable resource that may run out within the next 30 years. All other alternative energy sources will not be able to replace oil any time soon. But Americans continue on as if there is an endless supply of oil, as they buy bigger and more cars and drive longer distances from non energy-efficient suburban developments.
More:
Proper Power & Energy, Inc. (OTCBB:PPWE.OB), a Tampa-based independent oil and gas exploration and production company, has announced the next stage of its Western U.S. operations. The Company met with the executives of Thrust Resources Inc. and EQ Resources Inc. in Dallas, Texas on January 20, 2011. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power & Energy Inc.
The next steps will be circulating a memorandum of understanding followed upon definitive agreements. “We look forward to expedite future discussions of both Companies working together to mutually reach our Utah objectives,” stated Andrew Kacic.
About Proper Power & Energy:
Proper Power & Energy, Inc. is an independent exploration and production company. The Company`s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
More about PPWE at: www.properpower.com ************************************************************
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