credo che pochissimi la ricorderanno, era una ciofeka che andava di moda su WSI ...
http://forum.wallstreetitalia.com/forum/to...Title=WSI+FORUM
da 4 sedute sono ritornati i volumi
come azienda non è messa bene ...
InSite Vision Completes $9 Million Private Financing
5/26/2005 4:46:01 PM
InSite Vision Incorporated (ISV) - an ophthalmic therapeutics, diagnostics and drug-delivery company - today announced it has completed its previously announced $9 million private financing of common stock and warrants for common stock. New York-based Paramount BioCapital, Inc. served as the placement agent for this financing.
"With this financing completed, we are now able to more fully concentrate on completing our Phase 3 pivotal trials with AzaSite, as well as our other programs," said S. Kumar Chandrasekaran, Ph.D., InSite Vision's president and chief executive officer.
The terms of the agreements provided for the sale of approximately 16.4 million newly issued shares of common stock at $0.55 per share, and the issuance of warrants to purchase approximately 4.9 million shares of common stock at an exercise price of $0.6325 per share. The warrants have a term of five years and will not be exercisable or transferable for six months.
InSite Vision is obligated to file with the U.S. Securities and Exchange Commission a resale registration statement relating to the common stock to be issued in the transaction and the shares of common stock to be issued upon the exercise of the warrants as well as the shares of common stock underlying warrants to be issued to the placement agent.
[img]http://www.stockta.com/cgi-bin/candle.pl?cobrand=SHN&symb=ISV&size=analysis&support=0.41,2,0.52,6,0.58,16,0.63,17,0.69,2,0.73,11,0.80,3,0.85,3,0.88,4,0.
4,2&trend=.png[/img]
---------------------
------------------------
InSite Vision Announces Issuance of an EPO Patent on Azalide Antibiotics for Use in the Eye
6/8/2005 7:00:07 AM
ALAMEDA, Calif., Jun 08, 2005 (BUSINESS WIRE) -- InSite Vision Incorporated (ISV) -- an ophthalmic therapeutics, diagnostics and drug-delivery company -- today announced that the European Patent Office has issued a patent assigned to InSite Vision titled "Azalide Antibiotics For The Topical Treatment Or Prevention Of Ocular Infections". The issued EPO patent covers azalide antibiotic formulations utilizing DuraSite to topically treat ocular infections alone or in combination with other pharmaceutical compounds.
InSite Vision incorporates azithromycin, an azalide, in the AzaSite anti-infective formulation and is developing the product for the topical treatment of bacterial conjunctivitis. InSite is also developing AzaSite Plus which is a combination of azithromycin with a steroid to treat inflammation and infection related conditions of the eye.
InSite Vision is presently conducting two pivotal Phase 3 trials with AzaSite for the treatment of bacterial conjunctivitis. Pending successful completion of these Phase 3 clinical trials with satisfactory results, subsequent filing of a new drug application (NDA) and approval from the U.S. Food and Drug Administration (FDA), the Company expects to commercially launch AzaSite in the U.S. in the second half of 2006.
"We are extremely pleased with this patent issuance as it will allow InSite Vision to protect its proprietary rights which will be important for potential commercialization of both AzaSite and AzaSite Plus in Europe," stated S. Kumar Chandrasekaran, Ph.D., InSite Vision's president and chief executive officer.
About InSite Vision
InSite Vision is an ophthalmic company focused on ocular infections, glaucoma and retinal diseases. The Company's lead product is AzaSite, which targets infections of the eye. AzaSite contains the drug azithromycin, a broad-spectrum antibiotic formulated with DuraSite®, InSite Vision's patented drug-delivery vehicle, which offers the benefit of a less frequent, low-dosing regimen, attractive to both the eye-care patient and physician. The Company intends to seek to expand this "technology platform" to include additional indications and product options for the worldwide market.
In the glaucoma area, the Company has continued to focus genomic research on the TIGR gene, among other genes in its genomic portfolio. A portion of this research has been incorporated into the Company's commercially available OcuGene® glaucoma genetic test for disease management, which is a prognostic tool designed to detect a genetic marker (mt-1) in the promoter region of the glaucoma-related TIGR gene. Additional information can be found at www.insitevision.com.
This press release contains, among other things, certain statements of a forward-looking nature relating to future events or the future business performance of InSite Vision. Such statements entail a number of risks and uncertainties, including but not limited to: InSite Vision's ability to enroll patients in and to complete future clinical trials for AzaSite; the results of these clinical trials; InSite Vision's ability to commence, complete and file a new drug application (NDA) with the U.S. Food and Drug Administration (FDA) for AzaSite, and receive approval from the FDA for the commercialization of AzaSite; the timing of the commercialization of AzaSite; InSite Vision's ability to obtain additional financing; InSite Vision's ability to adequately protect its intellectual property and to be free to operate with regard to the intellectual property of others; InSite Vision's ability to negotiate, enter into and maintain collaborations and commercial agreements with potential corporate partners; its ability to obtain market acceptance of its products and product candidates; its reliance on third parties for the development, marketing and sale of its products; its ability to expand its technology platform to include additional indications and patent options; and the effects of its expense control activities on its operations and product development. For a discussion of these and other factors that could cause actual events or results to differ from those anticipated by our forward-looking statements, see the discussion of risk factors detailed in InSite Vision's filings with the Securities and Exchange Commission, including its annual report on Form 10-K and its quarterly reports on Form 10-Q. These risk factors may not be exhaustive. Any projections in this press release are based on the limited information currently available to InSite Vision, which is subject to change. New risk factors may emerge from time to time, and InSite Vision cannot predict such new risk factors, nor can it assess the impact, if any, of such new risk factors on our business or events described in any forward-looking statements. Although any such projections and the factors influencing them will likely change, InSite Vision undertakes no obligation to update the information. Such information speaks only as of the date of its release. Actual events or results could differ materially and one should not assume that the information provided in this release is still valid at any later date.
Note to Editors: OcuGene is written with a "small cap" G; if doing so is not possible, please use an upper case G. InSite Vision Incorporated, InSite Vision, DuraSite and OcuGene are trademarks of InSite Vision Incorporated. Other trademarks that may be mentioned in this release are the intellectual property of their respective owners.
SOURCE: InSite Vision Incorporated
InSite Vision Incorporated
S. Kumar Chandrasekaran, 510-865-8800
Sandra Heine, 510-865-8800
www.insitevision.com
Copyright Business Wire 2005
