Curaxis Pharmaceutical Corporation (OTCQB:CURX) reached up 81.82% in morning trading to $.12 with 230K shares traded. Curaxis is an emerging specialty pharmaceutical company with a hormone drug product candidate for the treatment of Alzheimer's disease and multiple cancers. Curaxis' therapeutic platform is based on the hypothesis that many diseases of aging may be caused by age-related changes in the function of the hypothalamic-pituitary-gonadal (HPG) axis. The HPG axis is a hormonal endocrine feedback loop that controls development, reproduction and aging in animals. This drug development platform is built on the premise that hormones associated with this feedback loop are beneficial early in life, when they promote growth and development, but are harmful later in life when the mechanism for feedback is compromised, thereby leading to disease processes, including pathologies associated with Alzheimer's disease. Timothy R. Wright, Chairman and Interim Chief Executive Officer of Curaxis Pharmaceutical Corporation (OTCQB:CURX.PK - News), announced today that the new management team and newly installed board of directors (the "Board") will be meeting with the Company's shareholders this week. The Company has scheduled its annual shareholders' meeting to be held in Cary, North Carolina on Tuesday, November 8, 2011. Not only is this the first shareholders' meeting for the Company but it is also the first opportunity for the Board to meet with its shareholder base.
VIASPACE Inc. (OTCBB:VSPC) reached up 21.43% in morning trading to $.0085 with 2M shares traded. VIASPACE is a clean energy company providing products and technology for renewable and alternative energy that reduce or eliminate dependence on fossil and high-pollutant energy sources. Through its majority-owned subsidiary VIASPACE Green Energy Inc., the Company grows Giant King Grass as a low-carbon fuel for electricity generating power plants, pellets, as a feedstock for bio methane production and cellulosic biofuels such as ethanol and butanol, and for biochemicals and bioplastics. VIASPACE Inc. (OTC Bulletin Board:VSPC.ob - News) and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board:VGREF.ob - News), today announced that the Company has signed a Memorandum of Understanding (MOU) with Seema Energy Co., Ltd, a renewable energy development company based in Thailand to jointly develop the detailed plan for a Giant King Grass plantation to fuel Seema's proposed 90 MW biomass power plant.
Hansen Medical, Inc. (NASDAQ: HNSN) reached up 12.44% in morning trading to $2.35 with 450K shares traded. Hansen Medical, a global leader in flexible robotics, was born from the vision of creating a new generation of advanced medical robotics- a generation that would empower and protect physicians while providing enhanced care for patients. The Sensei® Robotic Catheter System and Artisan® Control Catheter used in electrophysiology procedures were the first realization of this vision. The Magellan™ Robotic System and NorthStar™ Robotic Catheter are the next generation of flexible robotics technology designed for peripheral vascular interventions. Hansen Medical, Inc. (NASDAQ: HNSN - News) today announced that it has entered into a stock purchase agreement to raise approximately $10 million for the sale of common stock at a price of $2.09 per share in a private placement transaction with existing shareholders, Oracle Partners, L.P., and Mr. Jack W. Schuler. The closing of the private placement is expected to take place on November 9, 2011.
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