VOLC, Volcano Corporation
VOLC develops, manufactures, and commercializes a suite of intravascular ultrasound (IVUS) and functional measurement (NYSEARCA:FM) products used in the diagnosis and treatment of vascular and structural heart disease.
VOLC's IVUS products consist of consoles, digital and rotational IVUS catheters, and imaging tools, including virtual histology, IVUS tissue characterization, and ChromaFlo stent apposition analysis; and FM offerings include consoles and single-use pressure and flow guide wires used to measure the pressure and flow characteristics of blood enabling physicians to gauge the plaque?s physiological impact on blood flow and pressure.
** VOLC reported that revenues in the third quarter of 2010 increased 35 percent over revenues in the same period a year ago.
VOLC's profitability on a GAAP basis improved $9.6 million year-over-year as it reported net income of $5.6 million in the third quarter of 2010.
More about VOLC at www.volcanotherapeutics.com
PWRM, Power3 Medical Products, Inc., PWRM.OB
PWRM is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease).
PWRM recently reported that it has signed a definitive agreement to acquire all of the stock of Rozetta-Cell Life Sciences, a medical biotechnology company that focuses on the delivery and imaging of stem cells during therapy. Rozetta-Cell has a robust intellectual property portfolio and has created numerous products for adult stem cell therapy that are ready for market globally.
** According to PWRM’s President and Chief Scientific Officer, with the addition of Rozetta-Cell, PWRM will significantly strengthen its IP portfolio in a major growth market by merging regenerative medicine with the technologies that the company is using to identify disease-specific protein biomarkers and develop them into screening and diagnostic tests to address unmet medical needs.
Completion of the merger is subject to customary closing conditions, including receipt by the parties of all necessary board and shareholder approvals and third party consents. There can be no assurance that these conditions will be met or that the merger will be completed.
More about PWRM at www.power3medical.com.
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