China Infrastructure Investment Corporation (NASDAQ: CIIC) reached up 16.61% in morning trading to $.9329 with 350K shares traded. China Infrastructure Investment Corporation, incorporated in Nevada, USA and headquartered in Henan Province, China, focuses on investing, constructing, operating and managing infrastructure development projects in China. The Company currently operates the Pinglin Expressway, a 106-kilometer (66 miles) dual carriageway four-lane toll road in the central province of Henan. The Expressway is an important passage from the northwest region to the southeast coastal region of China. The Company is actively pursuing additional acquisition and development opportunities in infrastructure projects, including expressways, electricity, water supply and bio fuel facilities. The board of directors of China Infrastructure Investment Corporation (NASDAQ: CIIC - News) held a meeting today to review the evaluation of the pending new asset proposed by company's majority shareholder as partial repayment for the related party loans and to review the write-off of related party loans process. The board also reviewed the revised internal control policies and procedures proposed to the board by the Company's management.
Marina Biotech, Inc. (NASDAQ: MRNA) reached up 15.17% in morning trading to $.2399 with 3M shares traded. Marina Biotech is a biotechnology company, focused on the development and commercialization of RNA interference- (RNAi) and RNA-based therapeutics. The Marina Biotech pipeline currently includes a clinical program in Familial Adenomatous Polyposis (a precancerous syndrome) and two preclinical programs -- in bladder cancer and malignant ascites. Marina Biotech entered into an exclusive agreement with Debiopharm Group for the development and commercialization of the bladder cancer program. Marina Biotech's goal is to improve human health through the development of RNAi and RNA-based compounds and drug delivery technologies that together provide superior therapeutic options for patients. Marina Biotech, Inc. (NASDAQ: MRNA - News) today announced that the U.S. Patent and Trademark Office (USPTO) has issued a Notice of Allowance for patent application U.S. 11/955,207 with claims that cover a library of over 1x10(15) novel peptides. The patent application is part of the Company's proprietary Trp Cage Library patent portfolio. This allowance strengthens the Company's nucleic acid-peptide drug delivery platform, and further expands the Company's patent protection for its comprehensive set of nucleic acid delivery technologies, which also include DiLA2™, SMARTICLES® and the tkRNAi™ system.
Power Technology, Inc. (PINK:PWTC) reached up 14.29% in morning trading to $.0008 with 11M shares traded. Power Technology, Inc. (PTI) designs, manufactures, and distributes laser diode products for OEM analytical, biomedical, semiconductor inspection, defense, security, machine vision, and industrial applications. Products include laser diode modules with wavelengths from 263 to 13,900nm, temperature stabilized modules, lasers with beam circularization, and CW, pulsed, and modulated lasers. Power Technology, Inc. (Pinksheets:PWTC.pk - News), which recently acquired Flipside USA & Snakebaorder.com, announces today that the Company has entered into discussions to partner with the maker of a portable solar powered battery charger system for iPhones & iPods.
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