SIGA Technologies, Inc. (NASDAQ:SIGA)
SIGA Technologies, Inc. is a pharmaceutical company specializing in the development and commercialization of therapeutic solutions for some of the most lethal disease-causing pathogens in the world, including smallpox, Ebola, dengue, Lassa fever and other dangerous viruses.
SIGA previously announced that it has signed a contract with the Biomedical Advanced Research and Development Authority (BARDA) of the United States Department of Health and Human Services (HHS) to deliver two million courses of its smallpox antiviral, ST-246(R), to the Strategic National Stockpile.
"The contract award confirms SIGA's status as a leader in the biodefense industry and highlights our abilities in drug discovery, development and commercialization," stated Dr. Eric A. Rose, SIGA Technologies, Inc.'s Chairman and Chief Executive Officer.
The 5-year base contract award is worth $433 million and includes options that would raise the contract's total value to approximately $2.8 billion, if these options are fully exercised.
Contract options include the delivery of up to 12 million additional courses of ST-246(R).
Under the contract, SIGA Technologies, Inc. will deliver 1.7 million courses of ST-246(R).
Additionally, SIGA Technologies, Inc. will contribute 300,000 courses manufactured using federal funds provided by HHS under prior development contracts.
In addition to the option to purchase up to an additional 12 million courses, the contract will also permit SIGA Technologies, Inc. to continue its work on pediatric and geriatric versions of the drug as well as use of ST-246(R) for smallpox prophylaxis.
Dr. Rose added, "We believe that the funding to extend ST-246(R) to these vulnerable populations is critical
SIGA Technologies, Inc.'s groundbreaking drug, ST-246(R), is an oral therapeutic agent active against orthopoxviruses including smallpox.
ST-246(R) works by blocking the ability of the virus to spread to other cells, preventing it from causing disease.
The FDA has designated ST-246(R) for "fast-track" status, creating a path for expedited FDA review and eventual regulatory approval.
In the United States and around the world, populations face a serious but unmet need for drugs to protect against potentially catastrophic emerging viral pathogens and biological weapons of mass destruction.
SIGA Technologies, Inc.'s mission is to disarm dreaded viral diseases and create robust, modern biodefense countermeasures.
For more information about this company please visit http://www.siga.com/
Orofino Gold Corp. (ORFG.PK)
Orofino Gold Corp. previously results from random chip samples within their Culo Alzado mining area, on the north margin of Senderos de Oro, in Colombia indicated high grades.
A newly recognized gold and silver zone has been discovered in this mining area and the current exploration program will be escalated as recommended by the company's Qualified Person.
Orofino Gold Corp. is a Colombian based gold producer, founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise.
Random chip samples returned high grades to 31.80 grams of gold per tonne in average by adopting fusion method (G6Gr).
Random chip samples returned grades to 66.80 grams of silver per tonne in average by adopting aqua regia digestion method (7AR).
The best results generated 52.20 grams of gold per tonne (or 1.68 troy ounces of gold per tonne) and 178 grams of silver per tonne (or 5.72 troy ounces of silver per tonne).
Chip samples returned 31.80 grams of gold per tonne in average (or 1.02 troy ounces per tonne).
Chip samples returned 66.80 grams of silver per tonne in average (or 2.15 troy ounces per tonne).
Laboratory Test Summary:
Culo Alzado chip samples represent rocks from mining areas which were extracted from or near the vein systems.
These rocks indicate high grades of gold and silver above industry-wide averages.
These samples and their results are excellent with average grades exceeding 31 grams of gold and 66 grams of silver per tonne.
Orofino Gold Corp. will carry out more chip samples and begin larger scale trenching near the producing mines in the near future.
ORFG is confident that diamond drilling at the Culo Alzado area will intercept better than average grades of gold and silver mineralization and will confirm continuity of the mineralized system to depth.
A complete listing of Acme Analytical Laboratories reports is available on Orofino Gold Corp. website.
Orofino Gold Corp.'s objective is to continue to build shareholder value through the exploration and development of The Senderos de Oro Gold Camp and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
For more information about this company please visit http://www.orofinogold.com
Cleantech Transit, Inc. (CLNO.OB)
Biomass, which can be understood as regenerative (renewable) organic material that can be used to produce energy is one of the most abundant resources in the world.
A viable application for wood waste as a fuel is in the co-firing of conventional coal-fired boilers, which means using biomass as a supplementary energy source in highefficiency boilers.
CLNO previously reported the commencement of the final permitting prior to be able to go online at Merced.
The Merced project is a 500 Kilowatt biomass-generated power plant that is fully constructed, owned and operated by Phoenix Energy.
The Merced project received permission for parallel testing to the grid.
This testing process will allow Merced to connect to the grid on its own.
The funding to be provided to Phoenix Energy for the commercialization of this biomass gasification plant should be eligible to apply for a renewable energy cash back incentive program offered by the U.S. Federal Government.
If it concludes its planned investment in Phoenix Energy, under Section 1603 of the American Reinvestment and Recovery Act, CLNO will be entitled to receive its pro-rata share of 30% cash grant payments.
“In approximately 30 days, the parallel testing for final status should be complete, thereafter a conversion from genset to syngas will take place. The initial testing takes place using propane and then converts over to syngas. The final air testing will take place in approximately 90 days. Once testing is complete, the process for applying for the 30% cash grant can begin,” said Alex Holtermann, CEO of Cleantech.
The U.S. Treasury’s cash grant program was created to provide funding, in lieu of tax credits, for the development of clean energy projects and clean tech jobs nationwide.
Wood waste is one of the most abundant, cost-competitive, and environmentally friendly biomass resources. Currently the most cost-effective wood sources are residues from manufacturing and wood waste otherwise destined for landfills.
Manufacturers generate an enormous amount of waste residue in the process of making products such as lumber, furniture, pallets, and paper. In general, less than 50 percent of the tree ends up in a final product, and the balance represents a vast underutilized resource.
Cleantech Transit, Inc. has expanded its focus to invest directly in specific green projects that can maximize shareholder value.
Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net).
For more information about this company please visit http://www.cleantechtransitinc.com
Kinross Gold Corporation (NYSE:KGC) previously announced its results for the first quarter ended March 31, 2011. Kinross produced 642,857 attributable gold equivalent ounces in the first quarter of 2011, an 18% increase over the first quarter of 2010, mainly due to the addition of production from the West Africa operations. Production cost per gold equivalent ounce was $543, compared with $456 for the first quarter of 2010, an increase of 19%. Production costs per ounce were lower than expected, despite upward pressure on input costs, and production costs per ounce for the full year are expected to remain within the previously-stated guidance range. Revenue from metal sales was $937.0 million in the first quarter of 2011, versus $657.6 million during the same period in 2010, an increase of 42%, due to an increase in total ounces produced and a higher average realized gold price.
Kinross Gold Corporation, together with its subsidiaries, engages in mining and processing gold ores. It also involves in the exploration and acquisition of gold bearing properties.
Chimera Investment Corporation (NYSE:CIM) reported Core Earnings for the quarter ended March 31, 2011 of $153.5 million or $0.15 per average share as compared to Core Earnings for the quarter ended March 31, 2010 of $127.9 million or $0.19 per average share and Core Earnings for the quarter ended December 31, 2010 of $136.2 million or $0.14 per average share. “Core Earnings” is a non-GAAP measure that approximates distributable income, and is defined as GAAP net income (loss) excluding non-cash equity compensation expense, unrealized gains and losses, realized gains and losses on sales and other items that do not affect distributable net income, regardless of whether such items are included in other comprehensive income (loss) or in net income (loss). The Company reported GAAP net income of $163.4 million or $0.16 per average share for the quarter ended March 31, 2011, as compared to $125.6 million or $0.19 per average share for the quarter ended March 31, 2010, and $156.2 million or $0.16 per average share for the quarter ended December 31, 2010.
Chimera Investment Corporation, a real estate investment trust, invests in residential mortgage backed securities (RMBS), residential mortgage loans, real estate-related securities, asset backed securities (ABS), and various other asset classes in the United States.
Host Hotels & Resorts, Inc. (NYSE:HST) announced that Host Hotels & Resorts, L.P., for whom the Company acts as sole general partner, has priced its private placement offering (the "Offering") of $425 million in aggregate principal amount of 5-7/8% senior notes due 2019 (the "Notes"). The Offering is expected to close on May 11, 2011, subject to the satisfaction or waiver of customary closing conditions. The net proceeds of the Offering of approximately $415 million, after taking into account discounts, fees and offering expenses, will be used to redeem all of the Company's $250 million aggregate principal amount of outstanding 7-1/8% Series K senior notes due November of 2013, to repay $50 million in borrowings under the Company's credit facility and for general corporate purposes.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States.
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