subject: Prot, Gnbt, Eln , Pets Stock Update - Pennytobuck.com [print this page] PROTEONOMIX, INCPROTEONOMIX, INC. (OTC:PROT), a biotechnology company focused on developing therapeutics based upon the use of human cells and their derivatives, announced that it has formed a new subsidiary called X Gen Medical LLC, a Nevis Virgin Island entity. X Gen Medical has been established with the intention of conducting business in the global medical marketplace. Proteonomix plans on utilizing X Gen Medical to serve as a platform for joint ventures with medical facilities worldwide. It is anticipated that new relationships formed with X Gen Medical will create medical facilities capable of not just attracting treatments locally, but also acting as hubs for medical tourism. Medical tourism is constantly on the rise and anticipated to continue to grow substantially due to current high costs of health care for certain procedures and improvements in both technology and standards of care in many countries.
Generex Biotechnology Corporation (Nasdaq:GNBT) (www.generex.com) announced that it has named Craig Eagle, M.D. to its scientific advisory board. Dr. Eagle brings a wealth of oncology experience to help the Company's wholly-owned subsidiary, Antigen Express, Inc. (www.antigenexpress.com), dba "Generex Oncology", further its synthetic cancer and influenza vaccine development efforts. Dr. Eagle currently serves as Vice President of Strategic Alliances and Partnerships for the Oncology business unit at Pfizer Inc.
Elan Corporation, plc (NYSE:ELN) announced continued progress on their ongoing efforts to maximize financial performance and strength, and to position its business for continued growth. Kelly Martin, CEO of ELN, said: The financial plans and strategic initiatives that we are announcing, combined with the news on the development of ELND005 that we announced separately today, underscore our unwavering commitment to building value for shareholders and developing our robust pipeline focused on neurodegenerative diseases. We continue to carefully manage both our balance sheet and cost structure to ensure that we remain financially strong.
PetMed Express, Inc. (Nasdaq:PETS) announced that its Board of Directors declared a quarterly dividend of $0.125 per share on its common stock, compared to the $0.10 per share dividend that has been paid in prior quarters. The dividend will be payable on August 27, 2010, to shareholders of record at the close of business on August 13, 2010. The Company intends to continue to pay regular quarterly dividends; however the declaration and payment of future dividends is discretionary and will be subject to a determination by the Board of Directors each quarter following its review of the Company's financial performance.
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