Del Mar 5/6/2010 5:43:25 PM
Stocksource.us brings you all the Stocks in the News
InSite Vision Incorporated (OTCBB: INSV), PacificHealth Laboratories, Inc. (OTCBB: PHLI), Advaxis, Inc.(OTCBB: ADXS), Quepasa Corporation (OTCBB: QPSA), Stellar Pharmaceuticals Inc.(OTCBB:SLXCF)
InSite Vision Incorporated (OTCBB: INSV)
ALAMEDA, Calif --May 5--InSite Vision Incorporated (OTCBB: INSV) today reported financial results for the first quarter ended March 31, 2010.
First Quarter 2010 Results Summary
Royalty revenues increased by $1.0 million to $2.3 million for the first quarter 2010 over 2009. Royalties were primarily from Inspire Pharmaceuticals for sales of AzaSite (azithromycin ophthalmic solution) 1%. The year-over-year increase in royalties was driven by a 41 percent growth in AzaSite revenues and an increase in the royalty rate from 20 percent to 25 percent beginning in August 2009. The amortization of the upfront and milestones payments from international license fee payments for AzaSite was $1.0 million in the first quarter of 2009.
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PacificHealth Laboratories, Inc. (OTCBB: PHLI)
MATAWAN, N.J.--May 5--PacificHealth Laboratories, Inc. (OTCBB: PHLI), a leading nutrition company, today reported its financial results for the quarter ended March 31, 2010.
First Quarter 2010 vs. First Quarter 2009 Financial Results
Revenue was $1,650,265 compared to $1,695,618 for the same period in 2009. Net loss for the first quarter decreased 34% to $269,230, or $0.02 per share, compared to a net loss of $405,465, or $0.03 per share, for the same period in 2009. Included in the net losses above are severance costs relating to CEO Separation Agreements of $62,040 and $73,749, respectively, for the quarters ended March 31, 2010 and 2009. Sales and marketing expenses decreased $81,023 in the quarter ended March 31, 2010 compared to the same period in 2009 primarily due to the Company initiating a public relations and marketing campaign associated with the launch of Forze GPS(TM) and also introducing a new national sales representative organization designed to increase penetration in the sports specialty retail market in the first quarter of 2009. General and administrative expenses decreased $58,332 in the quarter ended March 31, 2010 compared to the same period in 2009.
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Advaxis, Inc.(OTCBB: ADXS)
NORTH BRUNSWICK, N.J.--May 5--Chairman/CEO Thomas A. Moore of Advaxis, Inc., (OTCBB: ADXS), the live, attenuated Listeria monocytogenes (Lm) immunotherapy company, presents recent updates to the investment community concerning the company at the 2010 BIO International Convention in Chicago, IL.
About The BIO International Convention
The BIO International Convention is the largest global event for the biotechnology industry and attracts the biggest names in biotech, offers key networking and partnering opportunities, and provides insights and inspiration on the major trends affecting the industry. The event's opening speaker, G. Steven Burrill, addressed this year's theme: "Biotech 2010- Life Sciences: Adapting for Success." Past speakers include US Presidents George W. Bush and Bill Clinton, Michael J. Fox, Sir Elton John, Her Majesty Queen Noor of Jordan, and General Colin Powell, among many others.
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Quepasa Corporation (OTCBB: QPSA)
WEST PALM BEACH, FL -- 05/05/10 -- Quepasa Corporation (OTCBB: QPSA), owner of Quepasa.com, one of the world's fastest-growing Latino social networks, today announced it was awarded a $3.5 million online marketing and web development contract as a part of a series of social media initiatives to promote ecological sustainability. The contract is subject to renewal on the same terms at the end of its current term in April 2011.
This global eco-conscious campaign, sponsored by a leading industrial group headquartered in Mexico whose Chairman is a director of Quepasa, is focused on creating awareness of and implementing the best ideas for environmentally-oriented innovation in the Industrials vertical. It will leverage such tools as social gaming applications and Quepasa's DSM contest platform to both solicit ideas from millions of social networking users and promote awareness through broad interaction and sharing among participants in these initiatives.
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Stellar Pharmaceuticals Inc.(OTCBB:SLXCF)
LONDON, ONTARIO--(May 5, 2010) - Stellar Pharmaceuticals Inc. ("Stellar") (OTCBB:SLXCF), a Canadian pharmaceutical developer and marketer of high quality, cost-effective products for select health care markets, today reported signing a licensing agreement for the distribution and sale of one of its lead products, Uracyst(R) (a sterile sodium chondroitin sulfate solution, 2%) for the treatment of interstitial cystitis/painful bladder syndrome ("IC/PBS"), in Portugal with CPH Companhia Portuguesa Higiene ("CPH").
CPH is a specialty pharmaceutical sales and marketing company based in Alcabideche, Portugal. One of CPH's major focus areas is urology, the primary target market for Uracyst(R).
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