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Mar 24, 2009 -- Allos Therapeutics, Inc. (NASDAQ: ALTH), a
biopharmaceutical company focused on developing and commercializing
innovative new drugs for the treatment of cancer, today announced the
appointment of David M. Stout, former President, Pharmaceuticals at
GlaxoSmithKline, to the Company's Board of Directors.
"We are pleased to welcome David to our Board of Directors and look
forward to benefiting from his guidance and contributions," said Paul
L. Berns, President and CEO of Allos. "David's 30-plus years of
experience in the pharmaceutical industry will be valuable as we
approach the potential commercialization of pralatrexate for the
treatment of patients with relapsed or refractory peripheral T-cell
lymphoma and continue to drive our product development and
commercialization plan for pralatrexate in both hematologic
malignancies and solid tumors."
Mr. Stout, age 54, served most recently as President, Pharmaceuticals
at GlaxoSmithKline, where he was responsible for the company's global
pharmaceutical operations, from January 2003 to February 2008. Prior to
that, he served as President, U.S. Pharmaceuticals at GlaxoSmithKline
from 1999 to January 2003. He served as Senior Vice President and
Director, Sales and Marketing-U.S. for SmithKline Beecham from 1996 to
1998. Prior to that, Mr. Stout was President of Schering Laboratories,
a division of Schering-Plough Corporation, from 1994 to 1996. Mr. Stout
also held various executive and sales and marketing positions with
Schering-Plough Corporation from 1979, when he joined the company,
until 1994. Mr. Stout is a director of Airgas, Inc.
About Allos Therapeutics, Inc.
Allos Therapeutics is a biopharmaceutical company focused on developing
and commercializing innovative small molecule drugs for the treatment
of cancer. In February 2009, the Company announced the final results
from PROPEL, the Company's pivotal Phase 2 (PROPEL) trial of
pralatrexate in patients with relapsed or refractory peripheral T-cell
lymphoma (PTCL). The PROPEL trial was conducted under an agreement
reached with the U.S. Food and Drug Administration under its special
protocol assessment (SPA) process. Based on the results of the PROPEL
trial, the Company intends to submit a New Drug Application to the U.S.
Food and Drug Administration for pralatrexate for the treatment of
relapsed or refractory PTCL in the first half of 2009. The Company is
also investigating pralatrexate in patients with non-small cell lung
cancer, bladder cancer and a range of lymphoma sub-types. The Company
currently retains exclusive worldwide rights to pralatrexate for all
indications.
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Mar 24, 2009 -- First Solar, Inc., (Nasdaq: FSLR) has entered into a
25-year power purchase agreement with Tri-State Generation and
Transmission Association, Inc., a wholesale electric power supplier
serving more than 1.4 million consumers through 44 electric
cooperatives and public power districts in Colorado, Nebraska, New
Mexico and Wyoming.
"This photovoltaic (PV) power plant is another demonstration of our
ability to provide affordable, utility-scale solar solutions," said
John Carrington, First Solar executive vice president of marketing and
business development. "In addition to being cost-effective, the plant
will create 120 to 140 construction jobs, significantly reduce green
house gas emissions and provide enough power to serve the equivalent of
approximately 9,000 homes."
The agreement, which represents the largest PV contract by an electric
cooperative in the U.S., calls for First Solar to engineer, procure and
construct (EPC) a 30 megawatt AC (MW) ground-mounted PV power plant in
northeastern New Mexico.
"Our partnership with First Solar further diversifies our resource mix
and brings value to our member cooperatives across our four-state
service territory," said Ken Anderson, Tri-State executive vice
president and general manager. "This project in New Mexico demonstrates
how electric cooperatives can effectively bring utility-scale solar
projects to the rural areas they serve."
The project will be the first utility-scale solar power plant in the
region and is expected to be complete by the end of 2010. First Solar
will provide monitoring and maintenance services for the PV power plant
over the course of its lifetime. The Company expects that, upon
completion of the PV power plant, it will have transferred all or
substantially all of its equity interest in the project.
"This first-of-its-kind initiative is further evidence that New Mexico
is a national leader in renewable energy production. I look forward to
many more projects like this coming to fruition in New Mexico and
across the country as we shift from fossil fuels to cleaner, green
energy. I am especially pleased to see the electric coops take this
major leap into renewables," said U.S. Senator Jeff Bingaman, who
chairs the Senate Energy and Natural Resources Committee.
"New Mexico has world-class renewable resources and a ready workforce,"
said Governor Bill Richardson. "The announcement of a major new solar
power plant in Colfax County is welcome news and demonstrates New
Mexico's commitment to leading the nation in renewable energy
development."
First Solar combines the economic benefits of low-cost technology with
superior environmental performance to provide truly sustainable energy
solutions.
"Projects like these represent a step toward transforming our energy
future; providing solutions for both climate and the environment," said
Carl Zichella, western regional director for the Sierra Club.
About First Solar
First Solar, Inc. manufactures solar modules with an advanced
semiconductor technology and provides comprehensive PV solutions that
significantly reduce solar electricity costs. By enabling clean,
renewable electricity at competitive prices, First Solar provides an
economic and environmentally responsible alternative to existing
peaking fossil-fuel electric generation. First Solar PV power plants
operate with no water, air emissions or waste stream. First Solar set
the benchmark for environmentally responsible product life cycle
management by introducing the industry's first comprehensive collection
and recycling program for solar modules. From raw material sourcing
through end-of-life collection and recycling, First Solar is focused on
creating cost-effective renewable energy solutions that protect and
enhance the environment.
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Mar 24, 2009 -- Life Partners Holdings, Inc. (NASDAQGS: LPHI), parent
company of Life Partners, Inc., a leader in the secondary life
insurance market known as "life settlements," supports the proposed
legislation announced on Monday by New York insurance regulator Eric
Dinallo to create oversight of the life settlements market.
"Life Partners has long supported sound, meaningful regulation and
oversight for the life settlement industry that requires brokers and
providers to operate in an open and fair marketplace," said Brian
Pardo, chief executive officer and chairman of LPHI. "While we
generally purchase large face value policies from accredited and
financially sophisticated individuals who don't require a high degree
of government protection, there are many more non-accredited seniors in
New York and throughout the country who could benefit from the
secondary life insurance market. These ordinary senior citizens rely on
a regulatory framework to offer them the same opportunities as
financially sophisticated seniors. In these difficult financial times,
we agree that the proposed legislation in New York could have very
positive results for ordinary senior citizens by balancing the
protection of their interests with the creation of an environment that
promotes the secondary market for life insurance."
Life Partners, a recognized industry pioneer in the life settlements
industry, helped write the regulations governing the life settlement
industry in Texas and other states.
Life Partners is the world's oldest and one of the most active
companies in the United States engaged in the secondary market for life
insurance, commonly called "life settlements." Since its incorporation
in 1991, Life Partners has completed over 84,000 transactions for its
worldwide client base of over 22,000 high net worth individuals and
institutions in connection with the purchase of over 6,000 policies
totaling over $1.8 billion in face value.
March 24, 2009 -- Sinobiopharma, Inc. (OTCBB: SNBP) is pleased to
announce that its patented version of Cisatracurium besylate, a
pre-surgical skeletal muscle relaxant marketed as Kutai in China, has
successfully concluded its Phase IV Clinical Study.
The multi-center Phase IV Clinical Study investigated the safety and
effectiveness of Kutai's use at room temperature. The after-market
study, supported by the National Multi-center Clinical plan, was
concluded successfully on September 2, 2008.
Kutai is a non-depolarizing skeletal muscle relaxant for intravenous
administration. Compared to other neuromuscular blocking agents, it is
intermediate in its onset and duration of action.
More than 30 clinical experts from seven participating medical centers
within China gathered in Nanjing for a conference to review the results
of the Phase IV of the Kutai Multi-center clinical study project.
Ms. Xinming Wu, Chief anesthetist of No.1 Hospital of Chinese Peking
University Anesthesia Department, presided over the conference and
delivered a summary report of the Phase IV project. Xuejun Chen,
Sinobiopharma's vice president of sales was also in attendance and
expressed Sinobiopharma's thanks to the participating experts for their
commitment to research on Kutai.
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Sinobiopharma has established a highly specialized professional team of
clinical trial monitors as part of the project to keep close
surveillance on the patients. The manager of Sinobiopharma's Clinical
Research Department, Mr. Lei Wang, reported on the Phase IV project
clinical monitoring outcomes.
The experts' consensus was that the Phase IV study established Kutai as
safe and effective for room temperature storage. The year-long clinical
research project showed no significant differences between Kutai and
imported Cisatracurium besylate, and no significant differences for
Kutai safety and effectiveness when stored at either room temperature
or a lower temperature.
All the participating parties followed the study design and promote
inter-communication to ensure compliance with Good Clinical Practice
(GCP).
About Sinobiopharma
Sinobiopharma, Inc. is a fully integrated and highly innovative
biotechnology company engaged in the research and development,
manufacture and marketing of biopharmaceutical products in China, the
world's fastest growing pharmaceutical market. Known as Dong Ying
(Jiangsu) Pharmaceutical Co. Ltd. in China, the Company's current
therapeutic focus is on anesthesia-assisted agents and cardiovascular
drugs.
Mar 24, 2009 -- T-3 Energy Services, Inc. ("T-3 Energy") (NASDAQ: TTES)
announced today that it will not be presenting, as previously
announced, at the Howard Weil 37th Annual Energy Conference in New
Orleans on Thursday, March 26, 2009.
T-3 Energy Services, Inc. provides a broad range of oilfield products
and services primarily to customers in the drilling and completion of
new oil and gas wells, the workover of existing wells and the
production and transportation of oil and gas.
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