Power3 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, recently 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.”
“We are pleased that our blood tests specifically diagnose Alzheimer’s in patients, both pre- and post-treatment,” said Helen R. Park, MS, Chief Executive Officer of Power3, “and that our scientific collaborators, Dr. Marwan Sabbagh, Medical and Scientific Director of the Banner Sun Health Medical Research Institute, and Dr. Lourdes R. Bosquez, President of the Woodlands Behavioral Institute, Inc., presented along with us at the meeting in Hawaii.”
“We are within striking distance of realizing an Alzheimer’s clinical diagnostic tool which I hope will lead to a greater understanding of the disease and buoy the pace of future therapeutic interventions,” added Marwan Sabbagh MD, Medical and Scientific Director of Banner Sun Health Medical Research Institute.
AXIS Capital Holdings Limited (NYSE: AXS) expects to release financial results for the third quarter ended September 30, 2010 on Monday, November 1, 2010, after the close of the financial markets.
John Charman, CEO and President, and David Greenfield, CFO, will host an investor teleconference, including a question and answer period, on Tuesday, November 2, 2010, at 8:00 AM (Eastern) to discuss the third quarter results and related matters.
The teleconference can be accessed by dialing (866) 843-0890 (U.S. callers) or (412) 317-9250 (international callers) approximately ten minutes in advance of the call and entering the code 5-5-6-4-0-3-0. A live, listen-only webcast of the call will also be available via the Investor Information section of the Company�s website at www.axiscapital.com.
A replay of the teleconference will be available for 90 days, by dialing (877) 344-7529 (U.S. callers) or (412) 317-0088 (international callers) and entering the code 4-4-4-6-0-4. The webcast will be archived in the Investor Information section of the Company�s website.
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders� equity at June 30, 2010 of $5.5 billion and locations in Bermuda, the United States, Europe, Singapore, Canada and Australia. Its operating subsidiaries have been assigned a rating of �A+� (�Strong�) by Standard & Poor�s and �A� (�Excellent�) by A.M. Best. AXIS Capital and AXIS Specialty Finance LLC have been assigned senior unsecured debt ratings of A- (stable) by Standard & Poor�s and Baa1 (stable) by Moody�s Investors Service.
AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound semiconductor substrates, reports that Nai-Yu Pai has joined AXT’s Board of Directors. Pai will serve on the audit, compensation and nominating and corporate governance committees.
“We’re delighted that Nai-Yu has accepted our invitation to join our board,” said Jesse Chen, chairman of AXT’s Board of Directors. “His strong financial background, extensive board-level experience and expertise in working with technology companies will provide AXT with valuable insight and perspective to aid in positioning us for further growth.”
Pai has more than 30 years of accounting and auditing experience. He is the founder of Pai Accountancy, LLP, and has served on the Board of Directors for a number of technology companies, including JA Solar, a NASDAQ-listed manufacturer of high-performance solar products, Sigrity, Inc., a software company providing EDA tools to semiconductor, printed circuit board and packaging companies, and Vivente, Inc., a designer of 3D graphic chips for the ultra mobile PC market. He is also a Silicon Valley entrepreneur and founder and member of the Board of Directors of Authenex and Gaia Interactive. As a consultant, he has assisted a number of companies with fundraising and mergers and acquisitions, such as Marvell Semiconductor, @Road, Silicon Motion Inc, Accton Technology Corp., Amlogic, Global Manufacture and others.
Pai is a certified public accountant who holds a Master’s Degree in accounting from Saint John’s University in New York, where his primary area of emphasis was taxation and auditing. He also holds another Master’s degree in Taxation from Golden Gate University.
“This is a very exciting time in AXT’s development, with strong growth potential in the markets that it serves, as well solid execution in AXT’s operations contributing to positive leverage in its business model,” said Pai. “I look forward to working with AXT’s Board and management to support the company through its continued growth and success.”
AZZ incorporated (NYSE: AZZ), a manufacturer of electrical products and a provider of galvanizing services, will conduct a conference call to review financial results for the second quarter of fiscal year 2011 at 4:30 p.m. ET on Thursday, September 30, 2010.
Interested parties can access the conference call by dialing (877) 317-6789 or (412) 317-6789 (international). The call will be web cast via the Internet at http://www.azz.com/azzinvest.htm.
A replay of the call will be available for three days at (877) 344-7529 or (412) 317-0088 (international), confirmation #444413, or for 30 days at http://www.azz.com/azzinvest.htm. Find and click the PR Newswire web cast link and, if required, fill out the registration page.
AZZ incorporated is a specialty electrical equipment manufacturer serving the global markets of industrial, power generation, transmission and distribution, as well as a leading provider of hot dip galvanizing services to the steel fabrication market nationwide.
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