Lpath, Inc. (OTC Bulletin Board: LPTN) reached up 36% in morning trading to $1.02 with 300K shares traded. Lpath, a therapeutic antibody company, is the category leader in lipidomics-based therapeutics, an emerging field of medicine that targets bioactive signaling lipids for treating a wide range of human disease. Lpath's ImmuneY2™ drug-discovery engine has the unique ability to generate therapeutic antibodies that bind to and inhibit bioactive lipids that contribute to disease. The company is advancing three drug candidates, two of which -- iSONEP for wet AMD and ASONEP for cancer -- have completed Phase 1 clinical trials. Lpath, Inc. (OTC.BB:LPTN - News) will hold a conference call on Tuesday, December 21, 2010 at 1:00 p.m. Eastern time to discuss the newly forged partnership with Pfizer, Inc. (NYSE:PFE - News), whereby Lpath has granted to Pfizer an exclusive option for a worldwide license to develop and commercialize iSONEP™, Lpath's first-in-class monoclonal antibody product candidate.
Dutch Gold Resources, Inc. (Pink Sheets: DGRI) reached up 32% in morning trading to $.033 with 12M shares traded. Dutch Gold Resources, Inc. is engaged in the production and development of gold reserves in North America. The company's strategy is to focus on overlooked resources that can be quickly and cost-efficiently brought into production, and to seek out potentially significant exploration targets in high value geographies. The Basin Gulch project Montana, the Jungo property outside Winnemucca, Nevada, and the Gold Big Mine in Oregon comprise the Company's current portfolio. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance. Dutch Gold Resources, Inc. (Pink Sheets:DGRI - News) (the "Company") announced Friday afternoon that it is acquiring the drill cuttings and core from the majority of the 323 holes historically drilled on its Basin Gulch property in Granite County, Montana. The historical drilling on the Basin Gulch property outlined a large open-ended block of gold mineralization that contains several million ounces of gold and silver. The current evaluation and planned new drilling are being focused on defining and expanding high-grade zones both within and outside of the historically discovered mineralization.
Imperial Resources, Inc., (OTC Bulletin Board: IPRC) reached up 21.31% in morning trading to $.74 with 200K shares traded. Imperial Resources, Inc., through its wholly owned subsidiary, Imperial Oil & Gas, Inc. has a highly focused, risk-averse strategy of building a substantial portfolio of oil and gas assets through its access to niche, low risk oil and gas opportunities in the onshore U.S. Imperial aims to exploit projects which can deliver cash flows normally associated with higher risk projects but without exposure to high risk failure rates. Imperial Resources, Inc. today announced that through its wholly owned subsidiary, Imperial & Oil and Gas, Inc. (together the ‘Company’, ‘Imperial’) has reached an agreement to take a nominal working interest in a well in the same blanket formation as the Company’s first planned key Resource Play in Oklahoma.
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