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  • PROT.OB, LEI, Q, AEN, - DrStockPick.com Stock News! 0 comments
    Oct 11, 2010 12:55 PM | about stocks: LEI, CTL, SYN

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    PROTEONOMIX, INC. (OTCPK:PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, announced today that Mr. Michael Cohen, Chairman and CEO, is scheduling a multi-city European road trip to create additional awareness of the Proteonomix, Inc. investment opportunity to institutional investors.

    Scheduled for early October, Mr. Cohen will discuss with sophisticated investors the recent contract to establish a joint venture with a group of investors that will establish a new stem cell treatment and research facility in the United Arab Emirates (U.A.E.). In addition, Mr. Cohen will discuss the opportunity to set up additional joint ventures in other countries using the U.A.E. arrangement as a model.

    Proteonomix is a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives. Proteoderm, Inc. is a wholly owned subsidiary of Proteonomix that has recently opened its retail web site, Proteoderm.com, and begun accepting pre-orders for its anti-aging line of skin care products. StromaCel, Inc.’s goal is the development therapeutic modalities for the treatment of Cardiovascular Disease (CVD). StromaCel, Inc. is pursuing the licensing of other technologies for therapeutic use. National Stem Cell, Inc. is Proteonomix’s operating subsidiary. The Sperm Bank of New York, Inc. is a fully operational tissue bank. Proteonomix Regenerative Translational Medicine Institute, Inc. (”PRTMI”) intends to focus on the translation of promising research in stem cell biology and cellular therapy to clinical applications of regenerative medicine. Proteonomix intends to create and dedicate a subsidiary to each of its technologies.

     

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    Lucas Energy, Inc. (AMEX:LEI) an independent oil and gas company based in Houston, Texas, announced on October 1, 2010 that its joint venture operating partner, Hilcorp Energy Company, has permitted the Hagen EF No.1H well in Gonzales County, Texas. Lucas has a 15% carried (no capital cost to Lucas) working interest in this first well which is planned to be spudded by November 1, 2010. The permit is for a 4,500 foot lateral in the Eagle Ford formation.

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    Qwest Communications International Inc. (NYSE:Q) — Administrators of bankrupt fibre glass KPNQwest are demanding 4.2 billion euros ($5.7 billion) in unpaid debt from major shareholders KPN and Qwest and former executives, the administrators said on Wednesday September 29, 2010. Administrator Marcel Windt of Duch law firm Houthoff Buruma told ANP-Reuters the 2002 bankruptcy of KPQwest, which left the debt unpaid for, was caused by mismanagement and failed supervision.

    A spokesman for Dutch telecoms group KPN said the company had received the subpoena and would study it. U.S. phone carrier Qwest Communications, which has agreed to be bought by telephone operator CenturyLink, declined to comment. KPNQwest, a wholesale telecoms joint venture for large corporate customers between Qwest and KPN, was listed in 1999 but went bankrupt in 2002 after the telecoms and technology bubble burst.

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    Adeona Pharmaceuticals, Inc. (AMEX:AEN) recently announced completion of 100% enrollment in Part 2 of its clinical study, A Prospective, Randomized, Double Blind Trial of a Novel Oral Zinc Cysteine Preparation in Alzheimer’s Disease (CopperProof-2).

    Part 2 of the CopperProof-2 study is designed as a 60-subject comparator study. Alzheimer’s disease and mild cognitive impairment subjects are randomized on a 50:50 basis to receive either Zinthionein or matching placebo. After 3 and 6 months on clinical trial material, serum measurements of zinc and copper are taken and any changes in cognitive function using standard Alzheimer’s disease clinical tests are recorded.

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    THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

     

    drstbc

     

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    Stocks: LEI, CTL, SYN
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