Apricus Biosciences, Inc. (Nasdaq:APRI) announced a definitive agreement to acquire Topotarget USA, Inc. (”Topotarget USA”), a subsidiary of Topotarget A/S, a public Danish company (”Topotarget A/S”). Topotarget USA owns Totect (Dexrazoxane HCl), the only drug approved by the FDA to treat a potentially serious complication of cancer therapy–the leakage of chemotherapy drugs from veins into surrounding tissues. This complication is known as anthracycline extravasation, and can lead to infections and tissue death.
To acquire Topotarget USA and its drug, Totect, Apricus Bio has agreed to purchase 100% of the outstanding common stock of that company in exchange for Apricus Bio common stock worth approximately $2 million in upfront payments and up to approximately $2 million more in Apricus common stock if certain milestones are achieved. Following the closing of the transaction contemplated by the Agreement, Apricus Bio, through Topotarget USA, will own all rights to Totect in the U.S. in North America and South America and the respective territories and possessions of the countries in North America and South America.
The sale is subject to customary closing conditions and is expected to close by December 31, 2011.
Apricus Bio, a San Diego-based, revenue-generating, specialty pharmaceutical company, with commercial products and a broad pipeline across numerous therapeutic classes.
Revenues and growth are driven from the sales of the Company’s commercial products and out-licensing in certain territories of its product pipeline and NexACT(R) technology. The company’s pipeline includes Vitaros(R), approved in Canada for the treatment of erectile dysfunction, Totect the only drug approved in the US for the treatment of anthracycline extravasation, as well as compounds in development from pre-clinical through pre-registration, currently focused on Sexual Dysfunction, Oncology, Dermatology, Autoimmune, Pain, Anti-Infectives, Diabetes and Consumer Healthcare.
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Crown Equity Holdings Inc. (CRWE.OB) announced that it has launched CRWE Tube, www.crwetube.com, a video sharing site that allows billions of people around the world to upload watch and share original videos.
�The CRWE Tube team has built an exciting media platform, which allows people and businesses large and small to quickly and efficiently reach a vast new audience,� said Kenneth Bosket, President of Crown Equity Holdings Inc. �With online videos continuing to experience explosive, viral growth and the web rapidly moving from text to video, businesses will need to adapt to the shift in video distribution technology or quickly become irrelevant to their consumers who anticipate seeing video everywhere online.�
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
CRWE�s digital network is designed, on behalf of its clients, to bring together targeted high-income audiences and advertisers on its financial websites that include, among others, DrStockPick.com, PennyOmega.com, BestOtc.com, CRWEFinance.com, CRWESelect.com, CRWEPicks.com and StockHotTips.com.
For more information, please visit: http://www.crownequityholdings.com
Barnes Group Inc. (NYSE:B), a diversified global manufacturer and logistical services company, announced classification for cash distributions for the 2011 calendar year to assist its stockholders in their tax planning. Cash distributions during 2011 are anticipated to be wholly classified as an ordinary dividend distribution. Stockholders who have questions regarding the impact on their taxes should consult with their personal tax advisor.
Barnes Group Inc. operates as an international logistical services company, and aerospace and industrial components manufacturer in the United States, Belgium, Brazil, Canada, China, Denmark, France, Germany, Holland, Italy, Korea, Mexico, Singapore, Spain, Sweden, Switzerland, Thailand, and the United Kingdom.
Accuride Corporation (NYSE:ACW), a leading supplier of components to the commercial vehicle industry, announced that its Henderson, Ky. and Accuride de Mexico Monterrey facilities have received Daimler Trucks North America�s (DTNA) Masters of Quality Supplier Award for 2010. This is the eighth year that Accuride�s Henderson facility has been recognized with the award, and the first year for the Monterrey facility.
Accuride Corporation, together with its subsidiaries, engages in the manufacture and supply of components to the commercial vehicle industry in the United States, Canada, and Mexico.
AK Steel Holding Corporation (NYSE:AKS) provided guidance for its fourth quarter 2011 financial results. Because of continued uncertainty and volatility with respect to economic conditions in the U.S. and other markets served by the company, AK Steel did not provide guidance for the fourth quarter concurrent with the release of its third quarter 2011 financial results on October 22 , 2011. Instead, the company opted to provide guidance later in the fourth quarter when it had more information upon which to base its estimates. AK Steel said it now expects shipments of approximately 1.4 million tons in the 2011 fourth quarter, or about 2% higher than the third quarter of 2011, and about 3% higher than in the year-ago fourth quarter.
AK Steel Holding Corporation, through its subsidiaries, produces flat-rolled carbon, stainless, and electrical steels, and tubular products in the United States and internationally.
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