Active Penny Stocks in the News
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Med Gen Inc. (Pink Sheets: MDIN) surges 80% in morning trading to $.0009 with 300M shares traded. Med Gen, Inc. engages in the manufacture, sale, and licensing of healthcare products, primarily to the alternative therapies market. Med Gen Inc. (Pink Sheets: MDIN. pk - News) today announced that it has signed a deal with the N.I.R. Group, LLC to fund the new direction of the company and its operations by providing up to $1.25 million dollars. The funding terms outline an immediate cash infusion of $100,000 in two separate payments of $50,000 and an additional $1.25 million dollar line of credit which the company can draw upon monthly. The credit line is in the form of convertible debentures and will allow the company to invest in marketing and advertising campaigns as well as additional personnel and infrastructure expansion.
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Medical Alarm Concepts Holding, Inc. (OTCBB: MDHI) reached up 46.30% in morning trading to $.0395 with 4M shares traded. Medical Alarm Concepts Holding, Inc. (OTCBB:MDHI), manufacturer of the MediPendant (TM), the only fully-monitored medical alarm system that allows you to speak and listen directly through the pendant, announced today that it has signed an unprecedented distribution agreement for the Company's MediPendant (TM) with one of the largest grocery store chains in the United States.
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Unigene Laboratories, Inc. (OTCBB: UGNE) was up 31.20% in morning trading to $.82 with 390K shares traded Unigene Laboratories, Inc. is a biopharmaceutical company focusing on the oral and nasal delivery of large-market peptide drugs. Unigene Laboratories, Inc. (OTCBB: UGNE, http://app.streamsend.com/c/9563961/6291/UBgvMnz/xYoQ?redirect_to=http%3A%2F%2Fwww.unigene.com) today announced that it has entered into an amended and restated financing agreement for $33 million three-year convertible senior secured term notes.
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