Gilead Sciences, Inc. (Nasdaq:GILD)
The mission of Gilead Sciences is to advance the care of patients suffering from life-threatening diseases worldwide. Headquartered in Foster City, California, Gilead Sciences has operations in North America, Europe and Asia Pacific. Gilead Sciences first entered into a license and collaboration agreement with Tibotec for the development and commercialization of the Eviplera single-tablet regimen in July 2009. The product received regulatory approval from the U.S. Food and Drug Administration under the trade name Complera� (emtricitabine/rilpivirine/tenofovir disoproxil fumarate) in August 2011.
Gilead Sciences yesterday announced that the Committee for Medicinal Products for Human Use (CHMP), the scientific committee of the European Medicines Agency, has adopted a positive opinion on the company�s Marketing Authorisation Application for the once-daily single-tablet regimen, Eviplera�, combining Gilead Sciences’ Truvada� (emtricitabine and tenofovir disoproxil (as fumarate)) with Tibotec Pharmaceuticals� non-nucleoside reverse transcriptase inhibitor Edurant� (rilpivirine (as hydrochloride)) for the treatment of HIV-1 infection in antiretroviral-na�ve adults with a viral load less than or equal to 100,000 HIV-1 RNA copies/mL.
The CHMP�s positive recommendation will be reviewed by the European Commission, which has the authority to approve medicinal products for use in the 27 countries of the European Union (EU). Gilead Sciences expects the European Commission to issue its decision on the marketing authorization for the Eviplera single-tablet regimen later this year.
For more information about Gilead Sciences, please visit: www.gilead.com
Steelcase Inc. (NYSE:SCS) reported second quarter revenue of $700.5 million and net income of $11.9 million, or $0.09 per share. Excluding restructuring costs, adjusted earnings equaled $0.15 per share. Revenue was ahead of company estimates, but earnings per share were negatively impacted by a decrease in the cash surrender value of variable life company owned life insurance (COLI). Steelcase reported $599.8 million of revenue and earnings of $0.02 per share in the second quarter of the prior year.
Steelcase Inc. designs, manufactures, and distributes furniture systems and seating products, user-centered technologies, and interior architectural products primarily in North America, Europe, and Asia.
Sprint Nextel Corp. (NYSE:S) has replaced AT&T as the wireless provider to the City of Houston, the fourth-most populous city in the United States. Sprint’s win marks the first time a carrier other than AT&T has provided wireless service to the city since the 1980s.
Sprint Nextel Corporation, through its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands.
Giant Interactive Group, Inc (NYSE:GA) announced that it has committed to invest US$50 million in the Alibaba Group, one of China’s premier technology companies and the leader in the Chinese e-commerce industry, by means of an investment in the Yunfeng e-Commerce Funds.
Giant Interactive Group Inc. develops and operates online games in the People’s Republic of China. It primarily offers multiplayer online role playing games (MMORPGs).
Cleantech Transit, Inc. (CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Biomass is material that comes from plants. Plants use the light energy from the sun to convert water and carbon dioxide to sugars that can be stored, through a process called photosynthesis. Organic waste is also considered to be biomass, because it began as plant matter. The sugars in the biomass can be converted to more usable forms of energy like electricity and fuels. Biofuels such as bioethanol and biodiesel can make a big difference in improving our environment, helping our economy, and reducing our dependence on foreign oil.
Some plants, like sugar cane and sugar beets, store the energy as simple sugars. These are mostly used for food. Other plants store the energy as more complex sugars, called starches. These plants include grains like corn and are also used for food.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
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