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Power3 Medical Products, Inc. (OTC:PWRM)
PWRM, a bio-technology company, engages in the development and marketing of diagnostic tests in the fields of cancer, and neurodegenerative and neuromuscular diseases in the United States. PWRM’s products include BC-SeraPro, a proteomic blood serum test for the early detection of breast cancer; and NuroPro, a serum test for the detection of neurodegenerative diseases, such as amyotrophic lateral sclerosis, Alzheimer’s disease, and Parkinson’s disease. PWRM’s products analyze proteins and their mutations to assess an individual’s risk for developing disease later in life or a patient’s likelihood of responding to a particular drug; assess a patient’s risk of disease progression and disease recurrence; and measure a patient’s exposure to drug therapy. PWRM was formerly known as Surgical Safety Products, Inc. and changed its name to Power3 Medical Products, Inc. in September 2003. PWRM was founded in 1992 and is based in The Woodlands, Texas.
PWRM delivered four poster presentations recently at the 2010 ICAD. These presentations discussed PWRM ’s diagnostic test, NuroPro and focused on PWRM ’s Alzheimer’s disease blood serum biomarkers, test & clinical validation trials.
“In preparation for commercialization, our objective at this meeting was to show how Power3’s protein biomarkers and blood tests provide superior solutions for diagnosis and drug response to improve the treatment of Alzheimer’s disease,” said Dr. Ira L. Goldknopf, PWRM’s President and Chief Scientific Officer. “It was gratifying to receive substantial attention to our posters from representatives of major pharma and clinical research institutions from around the world. They expressed surprise and enthusiasm for our findings, especially those relating to the methods by which Power3’s protein biomarkers indicate how patients respond to treatment with the three major anti-dementia drugs.”
“We are pleased that our blood tests specifically diagnose Alzheimer’s in patients, both pre- and post-treatment,” said Helen R. Park, MS, Chief Executive Officer of PWRM, “and that our scientific collaborators, Dr. Marwan Sabbagh, Medical and Scientific Director of the Banner Sun Health Medical Research Institute, and Dr. Lourdes R. Bosquez, President of the Woodlands Behavioral Institute, Inc., presented along with us at the meeting in Hawaii.”
“We are within striking distance of realizing an Alzheimer’s clinical diagnostic tool which I hope will lead to a greater understanding of the disease and buoy the pace of future therapeutic interventions,” added Marwan Sabbagh MD, Medical and Scientific Director of Banner Sun Health Medical Research Institute.
Furthermore in company news, PWRM has filed several patent applications that are currently pending for its NuroPro technology. PWRM also holds a world-wide exclusive license from the Baylor College of Medicine in Houston, Texas. To date, PWRM has given 9 presentations on NuroPro at international scientific meetings in the United States, Europe and China. PWRM has also published 6 articles on NuroPro in peer-reviewed scientific journals. PWRM intends to publish these latest findings as well.
To learn more about PWRM visit: http://www.Power3Medical.com
GreenHunter Energy, Inc. (Amex:GRH)
GRH, a diversified renewable energy company focused on biomass power generation, biodiesel development, and wind and solar energy projects, announced recently financial and operating results for the three and six months ended June 30, 2010.
Net loss to common shareholders from continuing operations for the three months ended June 30, 2010, including one-time items, was $1.5 million ($0.07 loss per common share) compared to a net loss of $1.1 million ($0.06 loss per common share), from continuing operations, in the second quarter of 2009.
Greenlight Capital Re, Ltd. (Nasdaq:GLRE)
GLRE recently announced the formation of a new subsidiary, Greenlight Reinsurance Ireland, Ltd., to expand the company's international presence and provide a platform to serve clients in the European market.
David Maguire, an experienced reinsurance and insurance executive with 19 years in positions of increasing executive responsibility in underwriting, rating and risk management, was named General Manager of Greenlight Re Ireland. Mr. Maguire has previously held management and underwriting positions at Travelers, Hannover Re, QBE and Lloyd's of London. The company will be headquartered in the International Financial Services Centre in Dublin.
Greif, Inc. (NYSE:GEF)
GEF, a global leader in industrial packaging products and services, recently announced results for its fiscal third quarter, which ended July 31, 2010.
Michael J. Gasser, chairman and chief executive officer, said, "We are pleased with our strong third quarter results, which were driven by improved sales volumes across all our businesses and geographic regions compared to the same quarter last year. Operating profit margin increased by more than 1 percentage point due to higher sales volumes, cost controls and productivity improvements. In addition, the quarterly results benefited from permanent cost savings that were achieved during fiscal 2009 and further savings realized this year."
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