Member Info for jange

"We are very pleased to announce that the FDA has approved the use of our IDC with Teva's QNASL, making this our first commercially marketed integrated dose counter," said chief executive Jon Glenn.

The firm had been developing its IDC for several years in response to a patient and compliance need to let patients know if their device contained sufficient drug and to indicate when they need to seek a further prescription. It provides patients with an indication of how many doses are left inside the canister in line with FDA guidance.

Consort Medical said the first product to use its built-in dose counter had been given the go-ahead by the US Food and Drug Administration. Consort's Integrated Dose Counter (IDC) is being used in Teva's QNASL nasal aerosol, which treats of nasal seasonal allergy symptoms.

It then plans to refinance of the combined group's assets and businesses, it added, with further announcements to come "in due course

It then plans to refinance of the combined group's assets and businesses, it added, with further announcements to come "in due course". "The economic climate in the company's various markets remains challenging," said Patrick Hall, Chairman of PSPI.

Its investment properties were valued at £256.4m, down from £272.2m in 2010. Adjusted earnings before tax came in at £10.4m or 10.11p per share, up from £8m the year before. Total rental income increased by 3.3% to £17.2m, the company said. PSPI confirmed it was pushing on with negotiations with the European Care Group, the company's sole UK tenant, with a view to combining a majority of PSPI's UK assets with ECG's assets and businesses.

Shares in Public Service Properties Investments (PSPI) fell another ten percent on Monday after it reported a fall in net asset value in 2011 and warned about its financial health going forward. The care home company's share price has fallen 68.5% in the last month. PSPI said net asset value per share had fallen to 108.3p in 2011, down from 130.6p the year before

Western Kazakhstan focused oil firm Jupiter Energy says trial production at its J-50 and J-52 wells has started. Initial combined production rate is expected to be around 600 bopd.

Toledo Mining says its Berong nickel mine in the Philippines produced 183,000 wet metric tonnes of nickel at an average grade of 1.88% Ni in the first quarter. Direct ore shipping operations resumed in early March when the shipping window reopened for the Berong port. This resulted in two shipments to China. The stock was down 5.6% by 10:14.

ENK, the nickel explorer, says its bankable feasibility study (BFS) at its Acoje project in the Philippines is going well. Key decisions, such as the definition of the staged approach to construction and the site layout have been finalised and communicated to engineering consultants. The project will now consist of a first stage with a nickel production capacity of 15,000 tonnes per annum of nickel and a second stage, which would mirror the process plant installation in stage one with a corresponding increase in nickel output in line with plant feed grades. The total resources on site are estimated to be 720,000 tonnes of contained nickel.

Afferro Mining has confirmed that, following discussions with the Cameroon Government, it will gain access to the proposed railway line through the south of Cameroon. Afferro had a series of ministerial meetings last week in Yaoundé, the capital city of Cameroon. In these meetings the Government emphasised its commitment that the infrastructure should also serve third party mining projects to develop the nascent Cameroonian iron ore industry. Afferro is in discussions with the government regarding the possibility of participating in the financing of the special purpose vehicle being set up to develop the railway

Ukraine focused explorer Cadogan Petroleum has reported profits before tax for 2011 of $152.6 million (2010: $0.8 million). Revenues of $7.0 million (2010: $5.0 million) comprised sales of gas from the Debeslavetska, Cheremkivska fields and Zagoryanska 3 well. Cost of sales increased to $6.3 million in 2011 from $4.1 million in 2010 to give a gross profit of $0.7 million (2010: $0.9 million). Profit on disposal of subsidiaries amounted to $164.9 million. Against its key performance indicators, barrels of oil equivalent per day rose from 268 in 2010 to 297 in 2011, proved and probably reserves were stable at 2.6million barrels of oil equivalent. The price per 1000 cubic metres rose from $307.3 to $395.1m barrels. Earnings per share were 65.6cents in 2011 against a mere 0.6 cents in 2010.

The shares were trading 4.75p higher at 40p in the afternoon session on the day of the trading update.

Having got shot of Sanderson RBS, the group is now debt free. "Notwithstanding the challenging UK economic environment, the improved order intake and strong order book provides the board with a good level of confidence that Sanderson is on-track to achieve its financial targets for the full year ending September 30th 2012," the company's trading statement concluded.

The order intake in the Sanderson ecommerce software business, which addresses the fast growing market for online, catalogue and internet sales, was ahead over 25% compared with the same period in 2011. Sales and profits also rose. At the half year stage, trading results for the group's continuing operations, excluding the now disposed of Sanderson RBS, revenue exceeded £6m and profit from operating activities came in at around £0.8m, being some 6% of the comparable period to 31st March 2011.

Software and information technology services group Sanderson saw a sharp increase in order intake in the first half of its financial year. Overall order intake was up by more than 10% in the six months to March 31st compared to the corresponding period a year ealier, whle at the end of March the order book was up by more than 30% from the level at the end of September 2011.

Cheers for the link......

Net funds as at March 31st amounted to €269.9m (December 31st 2011: €343.7m). Rakesh Bhasin, Chief Executive Officer, said: "We have seen an increasingly positive reaction in the market to our information delivery platform during the quarter. Our pipeline has continued to grow, particularly in managed services, and we remain confident that we will see further growth in revenue this year."

Group earnings before interest, tax, depreciation and amortization (EBITDA) of €80.6m (Q1 2011: €77.0m) represented year-on-year growth of 4.7%. The EBITDA margin remained largely stable at 20.3% (Q1 2011: 20.4%). The company also announced on Friday that it has secured an anchor tenant for a new modular data centre to be built in the Netherlands. Colt expects to commence operation of the data centre in early 2013.

Revenue was up at Colt, the business communications firm, during the first three months to March 31st with the company experiencing growth across all major product categories. Year-on-year group revenue rose 5.2% from €377.6m to €397.3m, with the under pressure Voice division contributing around half of the overall growth. In 2011, the Voice division saw turnover fall by 7.7%, so the first quarter represents a return to growth for the division.