"Active to Companies Watch" for today: Crown Marketing Pharmaceuticals (OTCQB: CWNM), YaFarm Technologies, Inc. (OTCPINK: YFRM), GrowLife, Inc. (OTCQB: PHOT) and Keryx Biopharmaceuticals Inc. (NASDAQ: KERX)
Headline News Summary - Crown Marketing Pharmaceuticals (OTCQB: CWNM) announced today that Patents for its Controlled Drug Delivery Technology (CDDT) have been approved and registered in Norway. Crown is continuing to secure its worldwide patent rights as it pursues novel applications of its drug delivery technology. Crown's cost-effective application of controlled delivery technologies plays a major role in the expansion of the pharmaceutical, OTC and nutraceuticals industry through its ability to improve on the performance of immediate release products in a manner tangible to manufacturers and consumers. The objective of intelligent drug delivery design amounts to maximizing the percent of the time drug plasma levels are within the therapeutic range and avoiding patient exposure to potentially toxic (High) or sub-therapeutic (Low) levels. For more details regarding Crown's CDDT applications, go to http://crowncddt.com/technology/
YaFarm Technologies, Inc. (OTCPINK: YFRM) is pleased to announce that it has signed a definitive agreement to acquire the Integrative Stem Cell Institute (the ISCI). The ISCI is a pioneer in the field of cell-based regenerative medicine. Combining a world-class medical facility with a state-of-the-art laboratory, the ISCI provides investigational treatments to patients as part of clinical studies, while providing long-term follow up to advance these promising therapies. The acquisition of the ISCI provides the Company with an entry into stem cell research and treatment. With the advent of regenerative medicine, clinics such as the ISCI have taken the years of scientific research and started to apply them to treatment of patients.
GrowLife, Inc. (OTCQB: PHOT) (formerly Phototron Holding, Inc.) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Stealth Grow, a producer of grow room automation equipment and hi-powered LED grow light products for indoor horticulture. PHOT was up over 20% today on heavy volume exceeding 14Mil by mid-morning trading.
Another major pharmaceutical company catching attention in the markets today was Keryx Biopharmaceuticals Inc. (NASDAQ: KERX) as questions arose regarding the company's ability to convince the FDA to grant New Chemical Entity status to KERX's experimental iron-based phosphate binder Zerenex. Keryx intends to seek U.S. and European approval for Zerenex, which would be used to lower blood levels of phosphorous in patients undergoing kidney dialysis. Zerenex may have a commercial advantage over other so-called phosphate binders because its iron-based core appears to reduce the need for intravenous iron and expensive anemia-boosting drugs like Amgen Inc.'s (AMGN) Epogen. Epogen is used to treat a lower than normal number of red blood cells (anemia) caused by chronic kidney disease in patients on dialysis to lessen the need for red blood cell transfusions.
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