Osiris Therapeutics (OSIR) reported a net loss of 21 cents per share in the third quarter of 2009, well above the Zacks Consensus Estimate of a net income of 6 cents. However, net loss in the year ago period was higher at 63 cents, mainly due to lower revenues.  Revenues in the reported quarter increased to $10.6 million compared to $0.995 million for the same period of the prior year. Osiris generates revenues from collaborative agreements, research licenses, and government contracts.  Revenues in the reported quarter included the recognition of $10 million in revenue under the company’s agreement with Genzyme Corporation (GENZ) for the development and commercialization of Prochymal and Chondrogen.  Osiris earned $0.4 million from its collaborative agreement with the Juvenile Diabetes Research Foundation (JDRF) for the development of Prochymal for type I diabetes, $0.1 million from its contract with the Department of ...

Health Net’s (HNT) third-quarter earnings per share came in at 67 cents, well above the Zacks Consensus Estimate of 61 cents and the year-ago earnings of 35 cents. The company reported revenues of $4 billion, an increase of 3.9% compared to the corresponding quarter of last year. The company receives revenues in the form of health plan service premiums, government contracts, net investment income and administrative services, fees and other income.

Health plan services premium, accounting for approximately 80% of total revenues during the quarter increased 3% year over year to $3.17 million. While revenues from government contracts increased 4.7% to $758 million, sequentially, it came down by 8.8%. We believe revenues from government contracts will decline further with the loss of contract in July with the Department of Defense awarding Aetna (AET) the $2.8 billion managed care contract to provide services for the northern region of the department's

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Recently, Humana Military Healthcare Services, a wholly owned subsidiary of Humana Inc. (HUM), announced the availability of an additional benefit for the beneficiaries of the TRICARE program (a medical program under the Department of Defense) in the South Region.  Humana Military Healthcare Services offers health insurance coverage under the TRICARE program to the dependents of active duty military personnel and retired military personnel coupled with their dependents. Humana Military has been a contractor of the Department of Defense for the administration of the TRICARE program since Jul 1, 1996.  The new benefit provides the families of soldiers enrolled in the TRICARE program access to a Chronic Obstructive Pulmonary Disease (COPD) Management Program. They will be able to call a dedicated registered nurse and receive education and coaching on how to deal with this lung disease which blocks airflow thereby resulting in breathing difficulties.  Humana started ...

Mikros Systems Corporation issued a press release Friday disclosing the details of a 6-month, $570,000 contract awarded by Technology Service Corporation (TSC) to support the U.S. Navy’s Above Water Radar Group. Mikros is also expecting the award of an Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract for its ADEPT system by the end of 09.

Mikros is a technology company specializing in adaptive engineering and advanced electronic systems. Classified by the Department of Defense as a small business, they focus mainly on obtaining Department of Homeland Security, Navy and other governmental contracts. TSC, whose base of operations is Silver Spring, MD, handles service and engineering in a support role to various U.S. Government programs, including the Navy’s Aegis System.

President of Mikros, Tom Meaney, explained that the synergistic integration of his company’s electronic systems and distance support expertise, with TSC’s vast experience in sensor engineering, would lead to success. Mikros will handle

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AVI BioPharma have recently announced that they have received a funding for expansion plans of their Junin virus drug treatment. Soon after the annoucement was made, AVI BioPharma stocks were trading higher on a surge in volume. AVI BioPharma has announced that they have received expanded contract of approximately US$ 11.5 million from the Defense Department that will help them support the development of their drug candidate named as AVI-7012 to treat Junin virus infection. The news made AVI BioPharma one of the NASDAQ’s top performers on Monday and the shares were rallying sharply higher on big volume.

AVI BioPharma shares were lately rising around 45 cents, or 28.9 percent, to $2.01. However, later in the day the share prices touched an intraday high of $2.08. More than 12 million shares

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Siemens Corporate Research spin-off and Speedus Corp. subsidiary, Zargis Medical Corp., announced Friday that it has received U.S. Food and Drug Administration clearance to market the new Signal X6(TM) device. The company also announced that seven Signal X6 devices have been delivered to the U.S. Army for deployment in six Department of Defense medical facilities.

Signal X6 technology records heart and lung sounds from six adhesive sensors. The recordings can be evaluated locally or, when a cardiac specialist is not immediately available, transmitted through the Internet for remote evaluation. This feature makes the noninvasive technology easy to use. The configuration of the Signal X6 provides a unique telemedicine resource in situations where evaluations could benefit from high fidelity multi-channel synchronous recordings.

Prototypes for Signal X6 were first developed with funding from the Telemedicine and Advanced Technology Research Center (TATRC), of the USAMRMC, through the AAMTI program. The AAMTI program provides funding to

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DrStockPick.com Stock Report!

Thursday September 3, 2009

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Solomon Technologies, Inc. (Pink Sheets: SOLM) announced today that its Technipower subsidiary shipped several orders for power systems to a premier nuclear power plant supplier. The systems are rigorously tested, inspected and certified by the customer for use in a nuclear power generating facility’s reactor control and safety systems.

Elephant Talk Communications, Inc. (OTC Bulletin Board: ETAK), an international telecom and multimedia content distributor specializing in carrier grade mobile enabling platforms, today announced that the Company will participate in the Rodman & Renshaw Annual Global Investment Conference to be held at the New

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DrStockPick.com Stock Report!

Monday August 31, 2009

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Six Flags, Inc. (OTC Bulletin Board: SIXFQ), the world’s largest regional theme park company, is celebrating Back-to-School 2009 with the Six Flags Back-to-School Blast featuring a national sweepstakes and an exciting concert series with some of today’s hottest talent.

CA (Nasdaq: CA) CA today announced that the U.S. Air Force 45th Space Wing (45th SW), which manages launch operations for Department of Defense space programs, has saved at least $180,000* in hardware and support costs by virtualizing its IT infrastructure, using CA ARCserve Backup to protect data across physical and virtual servers and CA

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Friday August 28, 2009

PennyOmega.com Stock Report!

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Corners Senior Floating Rate Income Fund II (NYSE:FCT), a closed-end fund managed by First Trust Advisors L.P., announced today that it has commenced an offer to purchase for cash up to 100% of its outstanding Auction Market Preferred Shares (consisting of Series A shares and Series B shares; collectively, the “AMP Shares”) at a price equal to 97% of the liquidation preference of $25,000 per share ($24,250 per share). The offer commenced today and will expire at 5:00 P.M., Eastern time, September 28, 2009, or such later date to which the offer is extended.

A Federal Court has ordered notice

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Friday August 28, 2009

PennyOmega.com Stock Report!

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Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today that the Company will be in charge of project design, development and start-up of the Smart Meter Management system (SMM), a component of Telvent’s comprehensive Smart Grid Solution, for the Finnish utility Fortum. The project, which is valued at over EUR 120 million, will provide Fortum with real-time intelligence that will revolutionize both the customer relations and operations of its power grid.

Artificial Life, Inc., (OTCBB:ALIF), (www.artificial-life.com), today announced its strategic decision to expand its business activities in China. All iPhone and iPod touch games and

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