NuPathe, Inc. (Nasdaq:PATH) announced that its New Drug Application (NDA) for Zelrix has been accepted for filing by the U.S. Food and Drug Administration (FDA).
NuPathe submitted the Zelrix NDA on October 29, 2010. The Company expects to receive a Prescription Drug User Fee Act (PDUFA) date, the target date for the FDA to complete its review of the NDA, of August 29, 2011. Zelrix is the first ever submission to the FDA of a transdermal patch for the treatment of migraine.
The FDA's acceptance of our NDA brings us one step closer to providing an attractive treatment option to the millions of underserved migraine patients," said Jane Hollingsworth, chief executive officer of NuPathe. "By avoiding oral administration and controlling the delivery of sumatriptan with our SmartRelief™ technology, we believe Zelrix overcomes the limitations of current migraine medications.
NuPathe Inc., a specialty pharmaceutical company, focuses on the development and commercialization of therapeutics for diseases of the central nervous system, including neurological and psychiatric disorders.
Crown Equity Holdings Inc. (OTCBB:CRWE.OB) reported its financial results for the nine month period ending September 30, 2010.
Revenue for the nine months totaled $1,073,383 compared to $418,959 during 2009.
Crown Tele Services Inc. is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year.
With the World Wide Web, you can distribute various announcements to millions of users in a timely manner.
Because there is virtually no time lag from the time it takes to publish information to making the information available to users, the Web is an ideal medium to publicize announcements.
As more people discover the virtues of the Web and get connected to the Internet, the Web will become the medium of choice for many organizations and individuals to publicize various announcements.
The Company incurred an operating loss of $54,527 for the nine months ending September 30, 2010 compared to an operating loss of $36,923 during the same period in 2009.
In this case, Kenneth Bosket, President and CEO of Crown Equity Holdings Inc, commented: “Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business. Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth.”
More about CRWE at: www.crownequityholdings.com
CVD Equipment Corp. (Nasdaq:CVV) announced that it received over $8 million for 4th quarter 2010 and $25 million in new orders for 2010 surpassing the $9.9 million of new orders received in 2009 by 152%. This is the fourth successive quarterly increase in new orders.
New orders for the CVD/FN division of research and production systems in 2010 increased approximately 200% compared to 2009 order levels. The CVD/FN division continues to benefit from the increased interest in energy generation, energy savings and nanotechnology fields. We anticipate that this increased demand will continue in 2011.
CVD Equipment Corporation manufactures chemical vapor deposition equipment and gas control systems the United States and internationally. It also provides process equipment for the synthesis of one-dimensional nanostructures and nanomaterials; and furnaces, which are used primarily to produce semiconductors and other electronic components.
Orofino Gold Corp. (ORFG.PK) is a US (Nevada) company established for the purpose of creating a significant exploration and mining group to operate in Colombia.
Orofino has major criteria by which they select properties that includes:
* Significant historical production
* Favorable geology for hosting major ore bodies
* Significant property area for large target exploration
* Recent results available
* Favorable infrastructure and access to allow mine development
* Receptive local government and populace.
In addition, Orofino has acquired a database comprised of exploration and mining results from previous operators who left when the global mining sector experienced a major downturn in the three year period from 1997-2000.
The second part of the Company’s strategy to become a recognized player in the Colombia mining sector was the acquisition of an interest in an operating mine. The Company has acquired a 55% interest in the La Azul/La Estrella property with the rights to acquire up to 80%.
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
Orofino will move ahead aggressively to pursue the current interpretations, work programs and drilling will begin soon.
Callidus Software Inc. (Nasdaq:CALD) announced that it expects revenue in the fourth quarter, ended December 31, 2010, to be in the range of $18.7 to $19 million, representing 21% to 23% year over year growth.
In the quarter, the company expects to record a GAAP net loss but to be profitable for the second consecutive quarter on a non-GAAP basis excluding stock-based compensation, amortization of acquired intangibles, and restructuring expense.
The company also expects cash and investments to increase by approximately $3.4 million to $31.2 million. Callidus announced its expectations ahead of the Annual Needham Growth Conference in the interest of full disclosure. Actual results for the fourth quarter and full year of 2010 will be released at the scheduled earnings call on Thursday, February 3, 2011.
Callidus Software Inc. provides sales performance management (SPM) software and services. Its SPM systems are used to monitor and analyze sales performance and incentive compensation management programs.
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Crown Equity Holdings Inc. (OTCPK:CRWE) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.
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