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Cell Therapeutics (Nasdaq: CTIC) $0.39. Today announced that the European Medicines Agency ("EMA") approved CTI's Pixuvri (pixantrone dimaleate) Pediatric Investigation Plan ("PIP") for the treatment of lymphoid malignancies and solid tumors in children between the ages of six months and 18 years. Previously, the Pediatric Committee (the "PDCO") of the EMA adopted an opinion agreeing to the PIP and a deferral of the initiation of the clinical studies until after the drug receives EMA approval. CTI has submitted a Marketing Authorization Application ("MAA") for Pixuvri approval in Europe as monotherapy for the treatment of adult patients with multiply relapsed or refractory, aggressive non-Hodgkin's lymphoma ("NHL"). CTI expects that the EMA will make a determination regarding the acceptance of the Pixuvri MAA submission for review this month.
What They Do: Headquartered in Seattle, CTI is a biopharmaceutical company committed to developing an integrated portfolio of oncology products aimed at making cancer more treatable.
CECO Environmental (Nasdaq: CECE) $5.23. Today announced that it has recently received several new orders totaling $3.3 million. The new orders include a $1.0 million order from a U.S. chemical company, a $750,000 order from a chemical company in China, a $600,000 order from a Canadian power company, and a $400,000 order from a refinery in Brazil.
Jeff Lang, CECO's Chief Executive Officer, commented "CECO is focused on expanding our global sales initiative and these orders are proof of the success from these efforts. More and more, customers from around the world are working with CECO given our strong commitment to engineered equipment, quality and service."
What They Do: CECO Environmental Corp. is North America's largest independent air pollution control company.
Cavico Corp. (Nasdaq: CAVO) $2.30. Today announced that its subsidiary, Cavico Infrastructure, has signed Phase I of a construction contract with Tay Nguyen Mineral Exploitation Company, a subsidiary of East North Company of Vietnam's Ministry of Defense. Under the terms of the agreement, Cavico Infrastructure will excavate and remove dirt and rocks at Dong Giao Coal Mine for the remainder of 2010.
Dong Giao Coal Mine is located at Tam Diep Village in Ninh Binh Province in northern Vietnam. The mine has estimated coal reserves of one million cubic meters. A total of 10 million cubic meters of dirt and rocks must be excavated and removed in multiple stages. Cavico Infrastructure expects to be awarded the remaining project stages at this mine, with a total construction contract value of $11 million.
What They Do: Cavico Corp. is focused on large infrastructure projects, which include the construction of hydropower facilities, dams, bridges, tunnels, roads, mines and urban buildings.
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