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CORRECTION: MagForce AG Announces Company Restructuring and Revised Corporate Strategy for 2012

Posted: Published on March 26th, 2012

This is a correction of the announcement from 10:24 26.03.2012 CET. Reason for the correction: Correction of year-end 2011 employee number Berlin, March 26, 2012 - MagForce AG (Frankfurt, XETRA: MF6), a leading medical technology company focusing on nanomedicine in oncology announced today the company`s restructuring and revised corporate strategy for 2012. The company reduced its headcount from 41 employees (year-end 2011) to 30 (April 1, 2012) and expects a significant reduction in company expenses in 2012 as compared to 2011. The implemented cost reductions will enable the company to work more effectively and concentrate on clinical development activities to support the market introduction of NanoTherm therapy. MagForce has revised its corporate strategy to put more emphasis on clinical development and its synergies with Marketing and Sales. The company has received EU approval for its technology, NanoTherm therapy, for the treatment of brain tumors. Product revenues in 2011 were lower than expected due to the lack of involvement among leading medical experts in the development of the therapy. MagForce is now working closely with these key opinion leaders who have agreed to participate in a post-approval multi-center study to validate the novel technology in the medical community and gain first-hand … Continue reading

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MagForce AG Announces Company Restructuring and Revised Corporate Strategy for 2012

Posted: Published on March 26th, 2012

Greater emphasis on clinical development to provide key physicians with access to NanoTherm therapy Start of post marketing glioblastoma study Q3 2012 to support expanded market acceptance with leading medical experts Enhanced activities for international partnerships and initiation of discussions with FDA Focus on development partnerships and strategic investors to expand patient access and further reduce development costs Significant decrease in operating expenses expected in 2012 through headcount reduction Berlin, March 26, 2012 - MagForce AG (Frankfurt, XETRA: MF6), a leading medical technology company focusing on nanomedicine in oncology announced today the company`s restructuring and revised corporate strategy for 2012. The company reduced its headcount from 52 employees (year-end 2011) to 30 (April 1, 2012) and expects a significant reduction in company expenses in 2012 as compared to 2011. The implemented cost reductions will enable the company to work more effectively and concentrate on clinical development activities to support the market introduction of NanoTherm therapy. MagForce has revised its corporate strategy to put more emphasis on clinical development and its synergies with Marketing and Sales. The company has received EU approval for its technology, NanoTherm therapy, for the treatment of brain tumors. Product revenues in 2011 were lower than expected … Continue reading

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Nanostart-Holding MagForce AG Announces Company Restructuring and Revised Corporate Strategy for 2012

Posted: Published on March 26th, 2012

FRANKFURT & BERLIN, Germany--(BUSINESS WIRE)-- Nanostart(OTCQX:NASRF.PK - News)-holding MagForce AG (Frankfurt, XETRA: MF6), a leading medical technology company focusing on nanomedicine in oncology announced today the companys restructuring and revised corporate strategy for 2012. The company reduced its headcount from 52 employees (year-end 2011) to 30 (April 1, 2012) and expects a significant reduction in company expenses in 2012 as compared to 2011. The implemented cost reductions will enable the company to work more effectively and concentrate on clinical development activities to support the market introduction of NanoTherm therapy. MagForce has revised its corporate strategy to put more emphasis on clinical development and its synergies with Marketing and Sales. The company has received EU approval for its technology, NanoTherm therapy, for the treatment of brain tumors. Product revenues in 2011 were lower than expected due to the lack of involvement among leading medical experts in the development of the therapy. MagForce is now working closely with these key opinion leaders who have agreed to participate in a post-approval multi-center study to validate the novel technology in the medical community and gain first-hand experience. Our successful capital increase earlier this month along with reductions in expenditures will allow us to initiate … Continue reading

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Research and Markets: Nanotechnology in Health Care. An In-Depth Investigation of Nanotechnology-Based Therapy

Posted: Published on March 26th, 2012

Dublin - Research and Markets (http://www.researchandmarkets.com/research/e0c7cab9/nanotechnology_in) has announced the addition of the "Nanotechnology in Health Care" book to their offering. Nanotechnologies are among the fastest growing areas of scientific research, and this is expected to have a substantial impact on human health care, especially in biomedical applications and nanomedicine now and in the near future. In the present scenario, nanotechnology is spreading its wings to address the key problems in the field of nanomedicine and human health care by improving diagnosis, prevention, treatment, and tissue engineering. This book provides an in-depth investigation of nanotechnology-based therapy and recent advancements in this field for revolutionizing the treatments for various fatal diseases, including cardiovascular and infectious diseases. Key Features - Covers significant applied aspects of nanotechnology with up-to-date information and its breakthrough in various fields of human health care - Presents comprehensive coverage of the dominant technology in various aspects of human health, supported by excellent photographs, figures, and references - Provides important information regarding a variety of topics that will influence improved nanomedicine and biomedical research Readership Advanced undergraduate- and graduate-level students in nanotechnology, nanobiotechnology; researchers in macromolecular science, nanosciences, nanotechnology, chemistry, biology, and medicine, especially those with an interest in drug … Continue reading

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Vatican Calls Off Stem-Cell Conference

Posted: Published on March 26th, 2012

Nature | Health A Monsignor and Officer for Studies at the Pontifical Academy for Life called the cancellation a "sad event." Attendees are set to receive an official explanation March 26, 2012 By Ewen Callaway of Nature magazine The Vatican has abruptly cancelled a controversial stem-cell conference that was set to be attended by the Pope next month. The Third International Congress on Responsible Stem Cell Research, scheduled for 25-28 April, was to focus on clinical applications of adult and reprogrammed stem cells. But a number of the invited speakers, including Alan Trounson, president of the California Institute for Regenerative Medicine in San Francisco, and keynote speaker George Daley, a stem-cell scientist at Children's Hospital Boston in Massachusetts, are involved in research using human embryonic stem cells, which the Catholic Church considers unethical. The previous two congresses had also included scientists who worked on such cells, without generating much controversy. Father Scott Borgman, secretary of the Church's Pontifical Academy for Life, one of the conference organizers, says that logistical, organizational and financial factors forced the cancellation, which was announced on 23 March. The academy weighs in on bioethical and theological issues that are relevant to Church teachings. The Catholic News … Continue reading

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Stem cell therapy possibly helpful in heart failure patients

Posted: Published on March 26th, 2012

Public release date: 24-Mar-2012 [ | E-mail | Share ] Contact: Beth Casteel bcasteel@acc.org 240-328-4549 American College of Cardiology CHICAGO -- A new study found that using a patient's own bone marrow cells may help repair damaged areas of the heart caused by heart failure, according to research presented today at the American College of Cardiology's 61st Annual Scientific Session. The Scientific Session, the premier cardiovascular medical meeting, brings cardiovascular professionals together to further advances in the field. Millions of Americans suffer from heart failure, the weakening of the heart muscle and its inability to pump blood effectively throughout the body. If medications, surgery, or stents fail to control the disease, doctors often have few treatment options to offer. This is the largest study to date to look at stem cell therapy, using a patient's own stem cells, to repair damaged areas of the heart in patients with chronic ischemic heart disease and left ventricular dysfunction. Researchers found that left ventricular ejection fraction (the percentage of blood leaving the heart's main pumping chamber) increased by a small but significant amount (2.7 percent) in patients who received stem cell therapy. The study also revealed that the improvement in ejection fraction correlated … Continue reading

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Verastem Congratulates Co-founder Robert Weinberg and Announces the Presentation of Data at the 2012 AACR Annual Meeting

Posted: Published on March 26th, 2012

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Verastem, Inc., (NASDAQ: VSTM - News) a biopharmaceutical company focused on discovering and developing drugs to treat breast and other cancers by targeting cancer stem cells (CSCs), congratulates Robert Weinberg, Ph.D., Verastem co-founder and co-chair of the Scientific Advisory Board, and announces the presentation of preclinical data at the American Association for Cancer Research annual meeting being held March 31 to April 4, 2012, in Chicago, IL. Dr. Weinberg has been awarded the 2012 Pezcoller Foundation-AACR International Award for Cancer Research for his outstanding work in the fields of cancer genetics and cell biology. Dr. Weinberg will deliver an award lecture entitled Epithelial-Mesenchymal Transition, Cancer Stem Cells and Metastasis at the annual meeting on Monday, April 2, 2012. Verastem will present data on its programs targeting the focal adhesion kinase (FAK; VS-4718 and VS-5095) and Wnt/Beta-catenin (VS-507) signaling pathways. Research on the FAK and Wnt/Beta-catenin signaling pathways has revealed critical roles for each in the survival and metastatic capability of CSCs. Verastem will present data on FAK and Wnt inhibition in preclinical cancer models as well as data on the development of biomarkers for companion diagnostic tests to identify CSCs. The schedule for Dr. Weinbergs award address … Continue reading

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Adipose harvest for stem cell therapy by Dr Adelson – Video

Posted: Published on March 26th, 2012

24-03-2012 07:46 This is the harvest of adipose tissue for combination with bone marrow aspirate concentrate for stem cell therapy Read the rest here: Adipose harvest for stem cell therapy by Dr Adelson - Video … Continue reading

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bone marrow aspiration for stem cell therapy by Dr Adelson – Video

Posted: Published on March 26th, 2012

25-03-2012 10:22 Dr Adelson aspirates bone marrow for concentration for stem cell therapy for musculoskeletal pain conditions See the original post: bone marrow aspiration for stem cell therapy by Dr Adelson - Video … Continue reading

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Looking for Innovative Small-Cap Biotech Companies: George Zavoico

Posted: Published on March 26th, 2012

Like us on Facebook George Zavocio: I have a Ph.D. in physiology and I've worked for a number of pharmaceutical and biotechnology companies, including Bristol-Myers Squibb Co. (BMY:NYSE), Alexion Pharmaceuticals Inc. (ALXN:NASDAQ) and T Cell Sciences, which is now Celldex Therapeutics Inc. (CLDX:NASDAQ). In addition to physiology, my interest and experience lies in pathology and biochemistry and particularly in signal transduction pathways-how messages signal from the outside to the inside of the cell. That segues into diseases that depend on signaling transduction for their pathogenesis, and they include cancer, autoimmune disease and inflammation. I follow companies that discover and develop drugs for these indications and for treating cardiovascular diseases. I'm also interested in molecular diagnostics. Medicine is moving beyond just diagnosis and prognosis to predicting how individual patients will respond to drugs and how their disease will progress. That, in a nutshell, is my theme. TLSR: Is there a key focus? GZ: Oncology is one of my key focuses. There are more oncology companies out there than practically any other type of disease-focused company, so it's easy to pick oncology companies-or at least to screen them to find some that I like. The autoimmune/inflammation space is less well populated by … Continue reading

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