Spherix Incorporated (NASDAQ:SPEX) reached up 40.77% in morning trading to $3.11 with 450K shares traded. Spherix Incorporated was launched in 1967 as a scientific research company under the name Biospherics Research. The Company now leverages its scientific and technical expertise and experience through its two subsidiaries -- Biospherics Incorporated and Spherix Consulting, Inc. Biospherics is dedicated to developing and licensing/marketing proprietary therapeutic products for treatment of diabetes, metabolic syndrome and atherosclerosis. Biospherics is actively seeking a pharmaceutical partner to continue the development of its Phase 3 compound for the treatment of diabetes, D-tagatose, while exploring new drugs and combinations for treatment of high triglycerides, a risk factor for atherosclerosis, myocardial infarction, and stroke. Spherix's Consulting subsidiary provides scientific and strategic support for suppliers, manufacturers, distributors and retailers of conventional foods, biotechnology-derived foods, medical foods, infant formulas, food ingredients, dietary supplements, food contact substances, pharmaceuticals, medical devices, consumer products and industrial chemicals and pesticides. Spherix Incorporated (NASDAQ:SPEX - News) yesterday evening announced that SPX-106T (the combination of D-tagatose and SPX-106) reduced dyslipidemia in new studies of apolipoprotein E-deficient mice and Syrian Golden hamsters. This finding corroborates data obtained in LDL receptor-deficient mice (see Spherix press release of September 8, 2011). Additionally, a new study in rats demonstrates that D-tagatose inhibits fructose absorption in the gastrointestinal tract, providing further insight into the mechanism of action of SPX-106T.
Clavis Technologies International Co., Ltd. (OTCBB:CTLH) reached up 16.67% in morning trading to $.105 with 250K shares traded. Clavis Technologies Co., Ltd., a wholly owned Korea-based subsidiary of Clavis Technologies International Co., Ltd. ("Clavis Technologies") is a pioneering vendor of RFID technology since its inception in 2003, providing RFID-enabled solutions, including business processes, based on the EPCglobal standards to various industrial markets. With clients such as IBM Korea, SKC, Alien Technology Asia, KT Networks, and NextID; Clavis Technologies combines its products, expertise, partnerships and integration capabilities to enable companies to effectively utilize the wealth of data captured by networked devices such as RFID readers or handhelds, extending the quality of valuable information to any device used by the companies or their customers. Clavis Technologies International Co., Ltd. (OTCBB:CTLH.OB - News) today announced that the Company has entered into a contract with The Ministry of Unification (MOU) to perform maintenance of its RFID-based admission control system for incoming and outgoing vehicles at the entrance of Dorasan CIQ (Customs, Immigration and Quarantine).
Energy 1 Corporation (PINK:EGOC) reached up 28.57% in morning trading to $.0027 with 14M shares traded. Energy 1 Corporation is a manufacturer of fuel efficiency and emission reduction solutions for retrofit on diesel powered equipment. Energy 1 Corporation (OTC:EGOC.ob - News) announced that it has reached an agreement to acquire the majority of the assets of Master Lease Owner Operator Services (MLOOS) while integrating all current and future business under the E1 brand and management on a going forward basis.
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