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(MITL, GEVO, IDIX) Watch List for Wed June 20, 2012 by Karl Papadoupulos





Article Author Biography
(MITL, GEVO, IDIX) Watch List for Wed June 20, 2012 by
Article Posted: 06/19/2012
Article Views: 70
Articles Written: 274
Word Count: 765
Article Votes: 0
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(MITL, GEVO, IDIX) Watch List for Wed June 20, 2012


 
Business,Business News,Finance & Investment

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http://pennyomega.com/img/mitl.jpg MITL, Mitel Networks Corp.

** On its fourth quarter fiscal 2012, MITL posted revenue from continuing operations of $157.6 million, a 4% increase year over year, and net income from continuing operations of $49.8 million (included the relief of a valuation allowance of approximately $35.0 million primarily relating to MITL's deferred tax assets in Canada), or $0.89 per share, diluted, compared to a net income of $3.9 million, or $0.07 per share, diluted, in the same period the prior year.

MITL is a global provider of business communications and collaboration software and services.

More about MITL at www.mitel.com.

**********

http://pennyomega.com/img/idix.jpg IDIX, Idenix Pharmaceuticals Inc.

** IDIX reported positive clinical data for Hepatitis C virus drug-candidates IDX184 and IDX719.

IDX184 is an unpartnered, novel, liver-targeted nucleotide prodrug of 2'-methyl guanosine, which includes IDIX's proprietary liver-targeting technology. This technology enables the delivery of nucleoside monophosphate to the liver, leading to the formation of high levels of nucleoside triphosphate, potentially maximizing drug efficacy and limiting systemic side effects with low, once-daily dosing.

IDX719 is an NS5A inhibitor with low picomolar, pan-genotypic antiviral activity in vitro.

Hepatitis C virus is a common blood-borne pathogen infecting three to four million people worldwide annually. The World Health Organization (WHO) estimates that more than 170 million people worldwide are chronicallay infected with HCV, representing a nearly 5-fold greater prevalence than human immunodeficiency virus.

IDIX is a biopharmaceutical Company engaged in the discovery and development of drugs for the treatment of human viral diseases. Idenix's current focus is on the treatment of patients with HCV.

More about IDIX at www.idenix.com.

*************

http://pennyomega.com/img/gevo.png GEVO, Gevo, Inc.

** GEVO reported that it has signed a collaborative agreement with the intent to site a cellulosic biomass isobutanol facility in Southeast Asia. GEVO?s President and Chief Operating Officer, Chris Ryan, signed the collaborative agreement with representatives from the Malaysian government?s East Coast Economic Region Development Council (ECERDC), Malaysian Biotechnology Corp (BiotechCorp) and the State Government of Terengganu.

After a year of ongoing development work in Malaysia, GEVO is strategically partnering along the supply chain to provide biobased isobutanol at a cost competitive price. GEVO is in the final stages of evaluating additional partners to complete the biomass to isobutanol value chain. The collaboration offers a diversified feedstock, organized approach and the opportunity to develop an economically advantaged business plan to meet this expanding market.

The current plan under consideration is to construct a fermentation facility to produce bio isobutanol made from cellulosic biomass. The proposed site is in the State of Terengganu at the world-class Biorefinery Complex in Kertih.

GEVO is converting existing ethanol plants into biorefineries to make renewable building block products for the chemical and fuel industries. GEVO plans to convert renewable raw materials into isobutanol and renewable hydrocarbons that can be directly integrated on a ?drop in? basis into existing chemical and fuel products to deliver environmental and economic benefits.

More about GEVO at www.gevo.com.

********************************

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Related Articles - Mitel Networks, Nasdaq:MITL, GEVO, Nasdaq:GEVO, IDIX, Idenix Pharmaceuticals, Nasdaq:IDIX,

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