DENVER, Colo., April 2, 2019- (24/7MarketNews via COMTEX) Venture Market News for April 2, 2019.
- CytoDyn and Samsung BioLogics Enter into Agreement to Manufacture $1 Billion Worth of Leronlimab (PRO 140) to Meet Expected Demand for Future Revenues Post-Approval
VANCOUVER, Washington, April 02, 2019 (GLOBE NEWSWIRE) — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”) a late stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for multiple therapeutic indications, today announced the execution of a comprehensive strategic agreement with Samsung BioLogics Co., Ltd. for the clinical and commercial manufacturing of leronlimab (PRO 140). The quantity of new leronlimab to be produced under the agreement is anticipated to be sufficient to support potential revenues for CytoDyn of approximately $1 billion based upon $120,000 per patient, per year.
- Halo Labs Reports Record Monthly Revenue in March 2019 US$2.8 Million (CDN $3.7 Million) Approximately
Halo Labs Inc. (“Halo” or the “Company”) (NEO:HALO, OTC:AGEEF, Germany:A9KN) is pleased to announce that the Company achieved record revenue in March 2019 of approximately US$2.8MM (CDN $3.7MM). This figure is estimated, unaudited and approximate.
- Sierra Monitor Announces their New BACnet Router with a Special Introductory Price
Milpitas, California, April 02, 2019 (GLOBE NEWSWIRE) — Sierra Monitor Corporation launched their new FieldServer products at AHR 2019 with a new look and next-generation performance. The new FieldServer is 22% smaller than the classic design while quadrupling CPU performance and memory. The industry-standard DIN-rail mounted form-factor supports four unique building automation tools – one of them being the FieldServer BACnet Router. To celebrate the launch of the new product, Sierra Monitor Corporation has partnered up with their participating distributors to give their customers a special introductory price for the new BACnet Router.
- BioCorRx Announces Above Market $6 Million Private Placement at $15 Per Share
ANAHEIM, CA, April 02, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — BioCorRx Inc. (OTCQB: BICX) (the “Company”), a leader, developer and provider of advanced solutions in the treatment of addiction and related disorders, today announced the Company completed a private placement, whereby it issued 400,000 common stock shares at a price of $15.00 per share, for total proceeds of $6 million. The $15.00 price paid by two investors, one of whom is Louis Lucido, a Director, represents a 282% premium to the market price of $3.93 per share, as of the market close on April 1, 2019.
- RGS Energy Prices $3.3 Million Public Offering of Common Stock and Warrants
DENVER, April 02, 2019 (GLOBE NEWSWIRE) — RGS Energy (OTCQX: RGSE), the exclusive worldwide manufacturer of the visually stunning POWERHOUSE™ Solar Shingle System, today announced that it has entered into a securities purchase agreement for a registered offering of (A) “Primary Units,” each consisting of one share of Class A common stock, par value $0.0001, or “Common Stock,” and a Series R Warrant to purchase Common Stock, and (B) “Alternative Units,” each consisting of one prepaid Series S Warrant to purchase one share of Common Stock and a Series R Warrant to purchase Common Stock. The purchase price for a Primary Unit is $0.19 per unit and the purchase price for an Alternative Unit is $0.18 per unit, for expected aggregate gross proceeds of approximately $3.3 million.
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