The products from Threshold Pharmaceuticals, Inc (NASDAQ:THLD) include TH-302, a novel drug candidate which is in Phase 1, Phase 1/2, and Phase 2 clinical trials for cancer. Threshold Pharmaceuticals, a biotechnology company, engages in the discovery and development of drugs targeting the microenvironment of solid tumors for patients living with cancer.
Threshold Pharmaceuticals, Inc. recently announced that a global agreement was signed with Merck KGaA, Darmstadt, Germany, to co-develop and commercialize TH-302, Threshold Pharmaceuticals’ small molecule hypoxia-targeted drug. TH-302 is currently being investigated in a global Phase 3 clinical trial in patients with soft tissue sarcoma, a randomized Phase 2 trial in patients with advanced pancreatic cancer from which top-line results are expected in February, as well as additional clinical studies in other solid tumors and hematological malignancies.
Under the terms of the agreement, Merck will receive co-development rights, exclusive global commercialization rights and will provide Threshold Pharmaceuticals an option to co-commercialize the therapeutic in the United States. In exchange, Threshold Pharmaceuticals will receive an upfront payment of $25 million and could receive up to $35 million in additional development milestones during 2012. Threshold Pharmaceuticals is also eligible to receive a $20 million milestone payment based on positive results from its randomized Phase 2 trial in pancreatic cancer. Total potential milestone payments are $525 million, comprised of $280 million in regulatory and development milestones and $245 million in sales-based milestones.
For more information about Threshold Pharmaceuticals, please visit: www.thresholdpharm.com
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New Jersey Resources Corporation (NYSE:NJR) has unanimously declared a quarterly dividend on its common stock of $.38 per share. The dividend will be payable on April 2, 2012 to shareowners of record on March 15, 2012. “Once again, our performance and strong financial profile give us the opportunity to reward our shareowners with a quarterly dividend as we have done continuously since 1952,” said Laurence M. Downes, chairman and CEO of New Jersey Resources. “The action taken by our board of directors and the dedication of our employees reaffirms our commitment to our shareowners.”
New Jersey Resources Corporation, an energy services holding company, provides retail and wholesale energy services. The company’s Natural Gas Distribution segment provides regulated retail natural gas service to approximately 495,000 residential and commercial customers in central and northern New Jersey, as well as participates in the off-system sales and capacity release markets.
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Stryker Corporation (NYSE:SYK) announced that it will participate in the following investor conference: February 16, 2012 - 11:00 a.m. Eastern Time. Leerink Swann 2012 Global Healthcare Conference, New York, New York, A simultaneous webcast of the Company`s presentation will be available on Stryker`s website at www.stryker.com.
Stryker Corporation, together with its subsidiaries, operates as a medical technology company worldwide. The company operates in three segments: Reconstructive, MedSurg, and Neurotechnology and Spine.
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Majestic Gold Corp. (MJGCF.PK)
Majestic Gold Corp. (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
Majestic Gold Corp. engages in the acquisition, exploration, and mining of precious metals in China. The company primarily explores for gold deposits. It holds interest in the Song Jiaguo Property located on the Jiaodong Peninsula in Muping County, the Shandong Province. The company is headquartered in Vancouver, Canada.
Gold is a very rare stuff making up only five ten-millionths of the Earth’s outer layer. Its rarity and its substantial properties have made it one of the most prized of Earth’s natural resources.
Gold is a metal and metals are good conductors of heat and electricity and are almost all solid at room temperature. They are malleable and ductile.
Gold is heavy - it weighs over nineteen times more than water, and is almost twice as heavy as lead. If you had enough Gold to fill a one liter milk carton, it would weigh 19.3 kilograms, the same volume of milk weighs only one kilogram.
For more information, please visit their website: http://www.majesticgold.net
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General Dynamics (NYSE:GD) was awarded a contract by the U.S. Department of Defense’s Defense Information Systems Agency (DISA) to provide information technology (IT) services in support of the Omnibus Network Enterprise (ONE) program. This five-year, multiple-award, indefinite delivery, indefinite quantity contract has a potential value of $476 million to all nine awardees. General Dynamics will provide IT services and support to a variety of U.S. government customers via task orders issued under this contract. The support will span a range of telecommunications and information technology requirements.
General Dynamics Corporation provides business aviation, combat vehicles, weapons systems and munitions, military and commercial shipbuilding, and communications and information technology products and services worldwide.
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