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Icagen, Inc. (Nasdaq: ICGN) Trading at $1.60, Up $0.38. Today announced an update on its sodium channel program for pain and related disorders which is being conducted in collaboration with Pfizer. As previously reported, the companies recently conducted a clinical study in healthy volunteers of several collaboration compounds targeting the sodium ion channel Nav1.7. Based upon data obtained in this study, the companies have now selected one of these compounds to advance into further clinical studies. The selection of this compound has triggered a milestone payment to Icagen of $1.0 million.
P. Kay Wagoner, CEO of Icagen, stated, "We are very pleased that, in collaboration with Pfizer, we have now selected a novel compound for further clinical development in our Nav1.7 program. This marks an important achievement, as we believe, based upon a wide range of genetic and scientific evidence, that subtype selective sodium channel blockers represent a promising approach for the treatment of pain and related disorders. In achieving this milestone, we feel fortunate to be working with one of the world's leading pain research groups at Pfizer."
What They Do: Icagen, Inc. is a biopharmaceutical company based in Research Triangle Park, North Carolina, focused on the discovery, development and commercialization of novel orally-administered small molecule drugs that modulate ion channel targets.
Scientific Games Corporation (Nasdaq: SGMS) $7.21, Up $0.49. Announced Monday after market close the following changes to strengthen its executive management team:
At the request of the Board of Directors of Scientific Games, A. Lorne Weil, the Company's Chairman, will also become Chief Executive Officer, a position he previously held from 1992 to 2008. During Mr. Weil's prior tenure, the Company's revenue grew from less than $50 million to over $1 billion.Michael R. Chambrello, the Company's President and Chief Executive Officer, will become the Chief Executive Officer – Asia-Pacific Region. This newly created role will enable the Company to substantially enhance its focus on realizing its growth potential in China and other jurisdictions in the Asia-Pacific region.
David L. Kennedy, Vice Chairman, will become Executive Vice Chairman. In this newly created staff role, he will focus on enhancing the operational performance of the Company across all of its business units.
What They Do: Scientific Games Corporation is a global leader in providing customized, end-to-end gaming solutions to lottery and gaming organizations worldwide.
Broadwind Energy (Nasdaq: BWEN) Trading at $1.81, Up $0.10. Announced Monday after market close that its Tower Tech Systems subsidiary was selected as the supplier of wind towers for the Glacier Hills Wind Park project.
The Glacier Hills Wind Park is located in the towns of Randolph and Scott in Columbia County, Wisconsin. The 90-turbine project is expected to generate more than 400 million emission-free kilowatt hours annually--enough to power 45,000 homes.
"Broadwind is the strategic supply partner to Vestas and with its new and upgraded facilities, it made the selection of Tower Tech as the supplier to the WE Energies project very natural," said Bjarne Hansen, president of Vestas Towers. "We look forward to installing one of the largest wind energy projects announced in the region in the very near future."
What They Do: Broadwind Energy, Inc., based in Naperville, Illinois, provides technologically advanced high-value products and services to the U.S. wind energy industry.
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