Onyx Pharmaceuticals Reports Third Quarter and Nine-Month 2007 Financial Results and CV Therapeutics Reports 2007 Third Quarter Financial Results
City of Industry, CA --(www.USEquityNews.com)-- 11/07/2007 - Biotechnology industry alert provided by U.S. Equity News. Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX) recently reported its financial results for the three and nine months ended September 30, 2007. Onyx reported net income of $555,000, or $0.01 per share, for the third quarter of 2007 compared to a net loss of $20.1 million, or $0.49 per share, in the same period in the prior year. Nexavar net revenue was $104.6 million for the quarter ended September 30, 2007, which represents a 130% increase over the $45.4 million reported in the same period last year and a 29% increase over the $81.3 million reported in the three months ended June 30, 2007.
Sangamo BioSciences, Inc. (NASDAQ: SGMO) announced recently the presentation of additional Phase 1b clinical data from its ZFP Therapeutic(TM) program at Neuroscience 2007, the 37th annual meeting of the Society for Neuroscience. The data demonstrate statistically significant improvements in quantitative measurements of neurological health in subjects with diabetic neuropathy (DN), suggesting an alteration of disease progression. Additional data were presented suggesting that a single treatment with SB- 509 may increase the mobilization of stem cells into a subject's blood.
CV Therapeutics, Inc. (NASDAQ: CVTX) recently reported financial results for the third quarter ended September 30, 2007. For the quarter ended September 30, 2007, the Company reported a net loss of $34.2 million, or $0.58 per share. This compares to a net loss of $62.7 million, or $1.23 per share, for the same quarter in 2006 and $57.6 million, or $0.97 per share, for the prior quarter ended June 30, 2007.
Emergency Disaster Systems, Inc., a subsidiary of U.S. BioDefense, Inc. (OTCBB: UBDE) assists Certified Emergency Response Teams (CERT) in California by donating supplies. These supplies include emergency blankets, disposable gloves and dust masks. All CERT groups that have not been notified can contact Emergency Disaster Systems by calling (866) MyEDSkit or email cs@myedskit.com to receive their supplies. "We would like to support all fire departments, CERT, and volunteers that are assisting the victims of this tragic event," said David Chin, CEO of U.S. BioDefense.
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