Rentech (RTK) $15.3M Initial Payment for Alternative Energy Technology Assets, RXi Pharmaceuticals (
Rentech, Inc. (RTK)
RTK reported that it has entered into a definitive agreement with Sunshine Kaidi New Energy Group Co., Ltd. to sell its alternative energy technologies and decommissioned Product Demonstration Unit (PDU).
The transaction calls for an initial cash payment to RTK of $15.3 million, and the possibility of a success payment of up to $16.2 million to the Company upon the successful construction and operation by Kaidi, at its cost, of a demonstration-scale plant in China utilizing the technologies and PDU equipment acquired from RTK.
The sale of the technologies is expected to close in mid-2014. Closing of the transaction is subject to customary conditions, including regulatory approvals in the United States and the People’s Republic of China.
RTK owns and operates wood fibre processing and nitrogen fertilizer manufacturing businesses.
More about Rentech, Inc. (RTK) at www.rentechinc.com
Crown Equity Holdings Inc. (CRWE)
CRWE is currently developing its CRWE Network (CRWE-PR.com), a social networking service compatible with both, the mobile and desktop web platform, that is designed to target all the communities in the U.S. and Canada, which business model is based on selling advertising to local businesses.
CRWE Network’s goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés, and discussion forums, while providing micro community news, information and business directory content.
CRWE presently has more than 80 U.S. cities, 9 cities from Canada and is currently adding 100 new sites throughout California.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
RXi Pharmaceuticals Corp. (RXII)
RXII said that it has been granted a patent by the U.S. Patent and Trademark Office on its unique self-delivering RNAi compounds (sd-rxRNA(R)), for the treatment of fibrosis.
The patent covers the use of sd-rxRNAs targeting CTGF (Connective Tissue Growth Factor), including RXI-109, for the treatment of fibrotic disorders. U.S. Patent Number 8,664,189, will expire in 2029. The Notice of Allowance was released on January 14, 2014 for this patent.
RXII's first clinical program involves RXI-109, a self-delivering RNAi compound (sd-rxRNA(R)) developed for the reduction of dermal scarring. RXI-109 is designed to reduce the expression of CTGF, a critical regulator of biological pathways involved in fibrosis, including scar formation in the skin.
The first clinical trials with RXI-109 showed excellent safety and tolerability with ascending single and multiple doses, as well as dose dependent effects on the Connective Tissue Growth Factor protein and on the mRNA that controls production of this protein.
RXII's sd-rxRNA oligonucleotides are designed for therapeutic use and have drug-like properties, such as high potency, target specificity, serum stability, reduced immune response activation, and efficient cellular uptake. These hybrid oligonucleotide molecules combine the beneficial properties of conventional RNAi and antisense technologies. This allows sd-rxRNAs to achieve efficient cellular uptake and potent, long-lasting intracellular activity.
RXII is a biotechnology company focused on discovering, developing and commercializing innovative therapies based on its proprietary, self-delivering RNAi platform.
More about RXi Pharmaceuticals Corp. (RXII) at www.rxipharma.com.
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