SmallCapReview - Stocks To Watch - MITI, IGT, KTOS
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Micromet (Nasdaq: MITI) $5.29. Today announced that data to be presented tomorrow at the 16th Annual Meeting of the European Hematology Association (EHA) in London, UK, show that Micromet’s blinatumomab produced a high complete remission rate in adult patients with acute lymphoblastic leukemia (ALL) who had relapsed following treatment with standard therapy.1 Blinatumomab is the most advanced of a new class of agents called BiTE antibodies, designed to harness the body's T cells to kill cancer cells.
Interim results from this phase 2 single-arm trial showed that 75% of patients (9 of 12) achieved a complete remission (CR) or CR with partial recovery of blood counts (CRh*) following treatment with blinatumomab. All nine responding patients achieved a complete molecular response, or had no evidence of leukemic cells in their bone marrow, a key prognostic factor for patient survival. Notably, four patients with genetic abnormalities typically associated with poorer outcomes all achieved a CR or CRh.
What They Do: Micromet, Inc. is a biopharmaceutical company focused on the discovery, development and commercialization of innovative antibody-based therapies for the treatment of cancer.
International Game Technology (NYSE: IGT) $16.01. Today announced it has been awarded 56.7 percent of the video lottery terminal (VLT) replacement for Societe des loteries video du Quebec (SLVQ), a subsidiary of Loto-Quebec. IGT will supply 7,200 of the new VLTs to SLVQ in Canada.
"We are excited about Loto-Quebec's decision to award IGT this valuable business," said Eric Tom, chief operating officer for IGT. "Our commitment to our customers to build the best games and platforms in the industry is being recognized by our partners in Canada and the rest of the world."
This announcement comes after Loto-Quebec received government approval in December 2009 to proceed with replacing its VLTs to update the outdated machines currently in use. IGT was one of the winning companies because of its excellent price-quality ratio, experience and reputation in the VLT industry, and the security, integrity and reliability of its machines.
What They Do: International Game Technology is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets.
Kratos Defense & Security Solutions (Nasdaq: KTOS) $10.45. Today announced that has been awarded contracts to provide complex integrated microwave assemblies for a key U.S. Navy platform. The awards were made to Kratos' subsidiary Herley Industries -- New England. This award, totaling $1.8M, continues a decade-long relationship with the program and will support the latest variant of its platform. Awards for additional components are expected for a minimum of ten years as the platform is fielded throughout the Fleet.
Herley Industries' President, Rich Poirier, noted, "Our long standing relationship with this customer demonstrates our outstanding technical and manufacturing capability in support of the Warfighter."
Kratos' President and CEO, Eric DeMarco, commented, "We are extremely pleased with this award, as it clearly highlights our focus on providing the highest quality products and services to high-visibility, proven programs such as this one."
What They Do: Kratos Defense & Security Solutions is a specialized National Security technology business providing mission critical products, services and solutions for United States National Security priorities.
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