The strategy of Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) is to in-license late-stage or marketed proprietary therapeutic drugs, complete any required development and regulatory submission of these products, and market them through Salix Pharmaceuticals' gastroenterology specialty sales and marketing team. Salix Pharmaceuticals, headquartered in Raleigh, North Carolina, develops and markets prescription pharmaceutical products for the treatment of gastrointestinal diseases.
?The acquisition of Oceana expands our product portfolio of innovative products, furthers the diversification of Salix's base business and provides immediate added revenue,? stated Carolyn Logan, President and Chief Executive Officer, Salix Pharmaceuticals. ?Oceana markets two differentiated products - SOLESTA®; a first-in-class, biocompatible tissue bulking agent for the treatment of fecal incontinence; and DEFLUX®, the only FDA-approved alternative to major ureteral reimplantation surgery for the treatment of vesicoureteral reflux."
Salix Pharmaceuticals, Ltd. and Oceana Therapeutics, LLC yesterday announced that they have entered into a definitive agreement whereby Salix will acquire all of the outstanding stock of Oceana Therapeutics, Inc., a privately-held global provider of gastroenterology and urology therapeutics, for $300 million in cash. The transaction is subject to customary conditions to closing, including U.S. anti-trust approval, and is expected to close in December 2011.
For more information about Salix Pharmaceuticals, please visit www.salix.com
Tangoe, Inc. (Nasdaq:TNGO) announced that it ranked at number 1284 on the Inc. 5000 list, Inc. Magazine's annual list of the fastest-growing private companies in America. The company reported a 225 percent revenue growth from 2007 to 2010 to place on this year's list. Tangoe has ranked on the Inc. 5000 since 2005; this year will be the company's final year of eligibility having recently completed an IPO in August 2011.
Tangoe, Inc. provides on-demand communications lifecycle management (CLM) software and related services to enterprises, including large and medium-sized businesses and other organizations.
Photosynthesis is the process where energy from the sun is stored in plants. Animals get this energy through eating plants. Biomass is organic matter from plant and animals, also known as microorganisms. Waste such as crops, manure and garbage are all excellent sources of biomass fuel. There is a wide array of uses for biomass fuel. It can be used directly as heat or produce electrical energy such as with a steam turbine. Converting the energy in the biomass to methane gas and biodiesel, among others, is also possible. Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure Cleantech Transit's ability to earn in 25% of the 500KW Merced Project.
Cleantech Transit is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction approximately June 30th. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and Cleantech Transit plans to continue to work towards increasing its interest in the Merced Project as we move ahead. Cleantech Transit, Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit 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 has to offer.
For more information about Cleantech Transit, please visit: www.cleantechtransitinc.com
Marchex, Inc (Nasdaq:MCHX) announced that the company's Board of Directors has declared a regular quarterly dividend in the amount of $0.02 per share on its common stock. Marchex will pay these dividends on November 15, 2011 to the holders of record as of the close of business on November 4, 2011. As of October 13, 2011, 9,631,882 shares of Class A common stock and 27,491,661 shares of Class B common stock are outstanding.
Marchex, Inc. operates as a call advertising and small business marketing company. The company's products, services, and technologies enable advertisers to reach consumers across mobile, online, and offline sources.
LivePerson Inc. (Nasdaq:LPSN) announced its inclusion in Software Magazine's Software 500 ranking of the world's largest software and service providers, now in its 29th year. LivePerson was ranked in the top 250 with revenues of $109.9 million in 2010, representing a 25.6% improvement over 2009.
LivePerson, Inc. provides online engagement solutions that facilitate real-time assistance and advice. It connects businesses and independent service providers with consumers seeking help on its hosted software platform.
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