Biotechs Leading the Healthcare Sector - Alliqua, Pacific Biosciences, Oncothyreon, Keryx, Organovo
26 Sep, 2013, 09:02 ET
CORAL SPRINGS, Florida, September 26, 2013 /PRNewswire/ --
According to the Medical Market Forecasts issued by Espicom, the global medical device, technology, and equipment market is expected to rise more than $440.5 billion by 2018. FinancialNewsMedia.com issues market news updates for today's active biotech companies: Alliqua, Inc. (OTCQB: ALQA), Pacific Biosciences of California Inc. (NASDAQ: PACB), Oncothyreon Inc. (NASDAQ: ONTY), Keryx Biopharmaceuticals, Inc. (NASDAQ: KERX) and Organovo Holdings, Inc. (NYSE: ONVO).
Alliqua, Inc. (OTCQB: ALQA) Headline: Alliqua Becomes Exclusive Distributor of Sorbion-Branded Wound Products in the Americas Through Agreement with Carolon. Alliqua, Inc. today announced the Company has entered into an agreement with Carolon Health Care Products through which it will gain both new sales distribution pathways and established customers. As previously announced, Alliqua has also entered into an agreement to become a sales and distribution agent in the Americas for Europe's wound-healing sorbion GmbH & Co. KG ("sorbion") branded product line, including sorbion's sachet S wound products that Carolon has been selling. Access to the distribution network, customers and sales force provided by the Carolon agreement will be leveraged to sell the sorbion products as well as the Company's hydrogel product line, which is sold under the SilverSeal® and Hydress® brands.
To read the entire press release, please go to http://www.fnmprofiles.com/profiles-alqa.php
Highlights For ALQA Distributorship:
• Alliqua becomes exclusive sales agent of sorbion-branded products in the Americas
• Gains access to Carolon's established distribution relationships with major wholesalers and healthcare facilities in the wound healing industry
• Obtains contract opportunities with experienced wound-sales force, thereby adding strength and reach to Alliqua's existing team
• Sales force may now also represent and sell Alliqua's 510(k) FDA-approved hydrogel products for wound care (marketed under the SilverSeal and Hydress brands) through the expanded distribution channels
• Alliqua significantly enhances potential sales footprint for future product line acquisitions and partnerships
Pacific Biosciences of California Inc. (NASDAQ: PACB), provider of the PacBio ® RS II DNA Sequencing System, announced that it has entered into an agreement with Roche Diagnostics to develop diagnostic products, including sequencing systems and consumables, based on Pacific Biosciences' Single Molecule, Real-Time (SMRT ®) technology. Pacific Biosciences will develop and manufacture certain products intended for clinical use, which it will sell exclusively to Roche. Roche obtained worldwide rights to exclusively distribute these products in the field of human in vitro diagnostics. Pacific Biosciences will continue to market its current and future products for all fields outside of human in vitro diagnostics, including research, plant, animal, and applied markets.
Oncothyreon Inc. (NASDAQ: ONTY) announced that Merck Serono, the biopharmaceutical division of Merck KGaA, has decided to continue clinical development of the investigational MUC1 antigen-specific cancer immunotherapy tecemotide (also known as L-BLP25 and formerly known as Stimuvax®). Merck Serono, which is developing tecemotide under a license agreement with Oncothyreon, will conduct a new Phase 3 trial called START2 for patients with unresectable, locally advanced Stage III non-small cell lung cancer (NSCLC).
Keryx Biopharmaceuticals, Inc. (NASDAQ: KERX) announced on Tuesday that Ron Bentsur, the Company's Chief Executive Officer, will be presenting at BioCentury's NewsMakers in the Biotech Industry Conference at 3:00 pm EDT on Friday, September 27, 2013, in New York City. A live audio webcast of Mr. Bentsur's presentation will be accessible from the Investor Information page of the Company's Website at http://investors.keryx.com. An archived version of this webcast will be available following the conclusion of the live presentation.
Organovo Holdings, Inc. (NYSE: ONVO) develops three-dimensional (3D) bioprinting technology for creating functional human tissues on demand for research and medical applications. The company's 3D NovoGen bioprinting technology works across various tissue and cell types, and allows for the placement of cells in desired pattern. It offers NovoGen MMX Bioprinter, a commercial hardware and software bioprinter platform to create tissues for bioprinting research and development. ONVO closed up 1.51% on Wednesday on over 3Mil shares traded.
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