Businesses Attempting Perfection - DrStockPick.com - Xl, PWRM, NXY, PBI
Friday, October 15th, 2010Power3 Medical Products, Inc. (OTC.BB:PWRM), a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, reported that it delivered four poster presentations at the 2010 International Conference on Alzheimer’s Disease (ICAD) in Honolulu, Hawaii. These presentations discussed NuroPro®, Power3’s diagnostic test, and focused on Power3’s Alzheimer’s disease blood serum biomarkers, test and clinical validation trials.
“In preparation for commercialization, our objective at this meeting was to show how Power3’s protein biomarkers and blood tests provide superior solutions for diagnosis and drug response to improve the treatment of Alzheimer’s disease,” said Dr. Ira L. Goldknopf, Power3’s President and Chief Scientific Officer. “It was gratifying to receive substantial attention to our posters from representatives of major pharma and clinical research institutions from around the world. They expressed surprise and enthusiasm for our findings, especially those relating to the methods by which Power3’s protein biomarkers indicate how patients respond to treatment with the three major anti-dementia drugs.”
Power3 has filed several patent applications for its NuroPro® technology that are currently pending. Power3 also has a world-wide exclusive license from the Baylor College of Medicine in Houston, Texas. To date, Power3 has given 9 presentations on NuroPro at international scientific meetings in the United States, Europe and China, and has published 6 articles in peer-reviewed scientific journals on the subject. Power3 intends to publish these latest findings as well.
Power3 Medical Products, Inc. is a leading bio-technology company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease and amyotrophic lateral sclerosis (commonly known as ALS or Lou Gehrig’s disease). Power3 applies proprietary methodologies to discover and identify protein biomarkers associated with diseases. Through these processes, Power3 has developed a portfolio of products including BC-SeraPro™, a proteomic blood serum test for the early detection of breast cancer for which Power3 has completed Phase I clinical trials, and NuroPro®, a proteomic blood serum test for the detection of neurodegenerative diseases, including Alzheimer’s, Parkinson’s and ALS diseases, for which Power3 is currently engaged in Phase II clinical trials. These tests are designed to analyze an individual’s proteins to detect the presence of disease, a patient’s disease progression, a patient’s response to a particular drug, and the mechanisms of disease present in the patient for optimal targeted therapy.
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XL Group plc (NYSE: XL) and Breed’s Hill Insurance Agency, Inc., a specialized Managing General Underwriter, disclosed a new joint underwriting agreement to provide General Liability (GL) and Property coverages for multi-unit apartment buildings, condominium associations, and mixed-use real estate risks primarily in the New England market.
XL Group plc, through its subsidiaries, provides insurance and reinsurance coverages to industrial, commercial, and professional firms, insurance companies, and other enterprises worldwide. The company operates in three segments: Insurance, Reinsurance, and Life Operations. The Insurance segment provides property, casualty, professional liability, environmental liability, aviation and satellite, marine and offshore energy, equine, fine art and specie, and excess and surplus lines, as well as other insurance coverages, including program business.
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Nexen Inc. (NYSE: NXY) announced that in the first quarter of this year, Nexen made a significant discovery in the deep-water Gulf of Mexico at Appomattox, located in Mississippi Canyon blocks 391 and 392. Drilling activities resulted in an oil discovery with excellent reservoir quality following an exploration well and two appraisal sidetracks. Based on the results of this drilling, Nexen’s estimate of recoverable contingent resource for this discovery exceeds 250 million barrels of oil equivalent with upside potential. Once drilling resumes in the Gulf of Mexico, Nexen plans to further appraise Appomattox.
Nexen Inc. operates as an independent energy company worldwide. Nexen operates through three segments: Oil and Gas, Energy Marketing, and Chemicals. The Oil and Gas segment explores for, develops, and produces crude oil, natural gas, and related products.
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Pitney Bowes Inc. (NYSE: PBI) and DASCOM Americas revealed a new agreement in which Pitney Bowes will provide on-site repair and maintenance services to DASCOM Americas’ channel partners and customers in the U.S. With the agreement, Pitney Bowes will be the preferred services provider for DASCOM Americas in the U.S. and offer comprehensive on-site installation, repair and maintenance for DASCOM Americas products. The collaboration will enable DASCOM Americas to offer its customers convenient and efficient service options for the repair and maintenance of their equipment.
Pitney Bowes Inc. provides mail processing equipment and integrated mail solutions in the United States and internationally. Pitney Bowes offers a suite of equipment, supplies, software, and services for end-to-end mailstream solutions, which enable its customers to optimize the flow of physical and electronic mail, documents, and packages across their operations.
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