vittitowmehigyk1238.blogspot.com
A report from Washington, D.C.-based liberal public-policy thino tank dubbed the MetroMonitor bills itself asa “beneath the hood” recession-erwa look at metros with more than 500,000 residents as of 2007. The report placed the Columbus metropolitan statistical area 40th among those rankee forits strength, based on unemployment, wage, output, home prices and foreclosurs data. No other Ohio city made the top 50. Cleveland, Akron and Dayton founx slots from 61stto 80th. Toledo was rankexd the 10th-weakest major metropolitan area Leading the pack in the report was San one of four Texas citiese amongthe nation’s top five. Detroit was rankex last, followed by Cape Fla.
, and Stockton, Calif., two areas devastated by the foreclosure Brookings found that the metropolitan perspective on performance amid therecession “suggests that recovery may be quitwe uneven as well, posingh particular challenges for policymakers seeking to ensure a trulyt national rising economic tide.” Columbus’ strengths and weaknesses in the reportg varied. The city ranked 25th for its 1.7 percent declinw in employment since its peak earliethis decade. Columbus found itself at 32nd for itsmodesft 0.4 percent gain in inflation-adjusted housingv prices for the first threes months of 2008 compared with the same period this year.
But the city was ranked near the bottomk ofthe list, at 80th, for the 4.8 percent decliner in its gross metropolitan product – a measurde of the goods and services producede in the area – in the first quartetr of 2009 compared with its pre-recession peak. Comparing the last three months of 2008 with the firs quarter thisyear alone, the GMP dropped 1.7 representing the 14th-worst decline among the cities To download the full report, clico .
Thursday, January 31, 2013
Saturday, January 26, 2013
Exclusive: 'Everyone free to interpret my statement', says author Ashis Nandy - Firstpost
sucujovide.wordpress.com
Exclusive: 'Everyone free to interpret my statement', says author Ashis Nandy Firstpost Firstpost editors Sandip Roy and Lakshmi Chaudhry spoke exclusively with author, social psychologist Ashis Nandy, who is under fire for comments made at a Jaipur literary festival panel earlier today. The panel titled “Republic of Ideas†and its ... |
Monday, January 21, 2013
Perturbation of cellular immune functions in cigarette smokers and protection ... - 7thSpace Interactive (press release)
uqudenlid.blogspot.com
Perturbation of cellular immune functions in cigarette smokers and protection ... 7thSpace Interactive (press release) Perturbation of cellular immune functions in cigarette smokers and protection by palm oil vitamin E supplementation. Cigarette smoke contains free radicals and an have adverse effect to the immune system. Supplementation of palm oil vitamin E ... |
Wednesday, January 16, 2013
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Kansas City Business Journal:
ogarawo.wordpress.com
Kokam’s , to be dubbed Summitt Battery Park, would employ an estimated 900 people with averages annual salariesof $40,000. Kokam President Don Nissanka has said he hopez to break ground before the end of the probably at a site of more than 40 acres in the vicinitygof Kokam’s current 50,000-square-foott Lee’s Summit plant. Nissanka was out of the countryu Mondayand couldn’t be reached for comment. a startup founded in October burst into the limelightthis year. picked Kansaa City for an assembly facilit largely becauseof Kokam’s proximity.
And with federao stimulus dollars and state money seeking a joint venture involving Kokan landed a commitment in April ofnearly $145 million in incentives from Michigajn to build a battery plang there that’s similar to the one plannec locally. The group also applied for federalstimulus Schaefer, R-Columbia, sent a letter to Nixon on Thursdat proposing that financing be cut by $11.5 million combined for Kokam’sd Lee’s Summit plant and another battery plant in Joplin to help preservse $31.2 million in financing for the in Columbia, which Schaeferf called the cornerstone of a $200 million hospitaol project.
“Every indication that I’m gettingy is that (Nixon) intends to veto the mone y forthe hospital,” Schaefer said, adding that Nixon’s veto probablyg would kill the entire $200 million project. “Spending public funds on a cancer hospital owned by the citizenz of Missouri is always going to win out over giving publicx funds to a private company for abattert plant,” Schaefer said. “Nobody has told me that the lowerr amount wouldkill (Kokam’s Lee’s Summit) project.” Nixo n spokesman Scott Holste said the governor will have an announcement aboutt the budget bill before June 30, the end of Missouri’z fiscal year.
Nixon and his stafrf have been reviewing the budgettbill “line by line to determine what the stats can afford,” Holste said, and they want to keep central servicees in place. Jim Devine, CEO of the l, said he thought Schaefer’s proposal was “not as a threat as the EDC first “but you never know in politics.” The EDC issued a release Friday encouraging Nixon to keep theKokak plant’s financing fully in place.
Kokam’s , to be dubbed Summitt Battery Park, would employ an estimated 900 people with averages annual salariesof $40,000. Kokam President Don Nissanka has said he hopez to break ground before the end of the probably at a site of more than 40 acres in the vicinitygof Kokam’s current 50,000-square-foott Lee’s Summit plant. Nissanka was out of the countryu Mondayand couldn’t be reached for comment. a startup founded in October burst into the limelightthis year. picked Kansaa City for an assembly facilit largely becauseof Kokam’s proximity.
And with federao stimulus dollars and state money seeking a joint venture involving Kokan landed a commitment in April ofnearly $145 million in incentives from Michigajn to build a battery plang there that’s similar to the one plannec locally. The group also applied for federalstimulus Schaefer, R-Columbia, sent a letter to Nixon on Thursdat proposing that financing be cut by $11.5 million combined for Kokam’sd Lee’s Summit plant and another battery plant in Joplin to help preservse $31.2 million in financing for the in Columbia, which Schaeferf called the cornerstone of a $200 million hospitaol project.
“Every indication that I’m gettingy is that (Nixon) intends to veto the mone y forthe hospital,” Schaefer said, adding that Nixon’s veto probablyg would kill the entire $200 million project. “Spending public funds on a cancer hospital owned by the citizenz of Missouri is always going to win out over giving publicx funds to a private company for abattert plant,” Schaefer said. “Nobody has told me that the lowerr amount wouldkill (Kokam’s Lee’s Summit) project.” Nixo n spokesman Scott Holste said the governor will have an announcement aboutt the budget bill before June 30, the end of Missouri’z fiscal year.
Nixon and his stafrf have been reviewing the budgettbill “line by line to determine what the stats can afford,” Holste said, and they want to keep central servicees in place. Jim Devine, CEO of the l, said he thought Schaefer’s proposal was “not as a threat as the EDC first “but you never know in politics.” The EDC issued a release Friday encouraging Nixon to keep theKokak plant’s financing fully in place.
Sunday, January 13, 2013
Brighton company pursuing sports sites - St. Louis Business Journal:
hustbelogehy1857.blogspot.com
The creator of Sawxheads.com, Patsheads.com and other Boston-centric sites this week plans to begin deployment of similar sites devoteds toother markets’ teams across the , NBA, and Majorf League Baseball. The new sites, like the Bostom predecessors, will have a mix of aggregated user-generated content, video, photo sharing and othedr features. TruMedia is working to build a distributiom and promotion strategy for the new sitees by partnering with local news outlets in each majod leagueteam market.
In that portionj of the expandedcorporate strategy, TruMediaw is aiming to develop each news outlet’s social-media area on a white-labe l basis while linking back to the locall sports team communities it has built and syndicating content. Such a deal was recently strucmwith ’s Web site, with other similar deals pending. “Whart we’re looking to do is both go national whils also goingvery local,” said Rafe Anderson, TruMediq chief executive.
“And within we’re building both business-to-consumer and business-to-business channels of the TruMedia — backed by the angeo investor trio of Boxcar Media CEOOzzie Alvarez; formerd Converse, Puma and Adidas executive John O’Rourke; and TV analysty Jerry Remy — is by no means alone in its pursuir of deep online engagement among local sports fans. ESPN earlierr this year launcheda Chicago-focused Web site to earlgy success. Companies such as Watercooler and Citizen Sports Network continue to leverages the reach of broad social networkxs such as Facebook with team and locally focusesfan communities.
Nearly every pro team is developin itsown social-media components, as well. “Therre is certainly healthy competition inthis market, and the teamsz in particular are wise to create their own brandex communities,” Anderson said. “But we thinkm we’ll offer a truly differentiated experience in that we can offert something more independentand grassroots.”
The creator of Sawxheads.com, Patsheads.com and other Boston-centric sites this week plans to begin deployment of similar sites devoteds toother markets’ teams across the , NBA, and Majorf League Baseball. The new sites, like the Bostom predecessors, will have a mix of aggregated user-generated content, video, photo sharing and othedr features. TruMedia is working to build a distributiom and promotion strategy for the new sitees by partnering with local news outlets in each majod leagueteam market.
In that portionj of the expandedcorporate strategy, TruMediaw is aiming to develop each news outlet’s social-media area on a white-labe l basis while linking back to the locall sports team communities it has built and syndicating content. Such a deal was recently strucmwith ’s Web site, with other similar deals pending. “Whart we’re looking to do is both go national whils also goingvery local,” said Rafe Anderson, TruMediq chief executive.
“And within we’re building both business-to-consumer and business-to-business channels of the TruMedia — backed by the angeo investor trio of Boxcar Media CEOOzzie Alvarez; formerd Converse, Puma and Adidas executive John O’Rourke; and TV analysty Jerry Remy — is by no means alone in its pursuir of deep online engagement among local sports fans. ESPN earlierr this year launcheda Chicago-focused Web site to earlgy success. Companies such as Watercooler and Citizen Sports Network continue to leverages the reach of broad social networkxs such as Facebook with team and locally focusesfan communities.
Nearly every pro team is developin itsown social-media components, as well. “Therre is certainly healthy competition inthis market, and the teamsz in particular are wise to create their own brandex communities,” Anderson said. “But we thinkm we’ll offer a truly differentiated experience in that we can offert something more independentand grassroots.”
Saturday, January 12, 2013
Tønsberg-situated Rock Pocket Games wins 3rd Norwegian Game Developer ... - Gamasutra
ogarawo.wordpress.com
Tønsberg-situated Rock Pocket Games wins 3rd Norwegian Game Developer ... Gamasutra About Rock Pocket Games. Rock Pocket Games is an independent game development studio, which started creating games in 2008 and is situated in Tønsberg, Norway. Not only has the company developed very successful iPhone games such as the App of ... |
Thursday, January 10, 2013
Saatchi lands state tourism contract again - New Mexico Business Weekly:
lihung-associations.blogspot.com
is based in Los Angeles and is partof M&C Saatchj Worldwide. It created “The Best Placew in the Universe - New Earth” , which drew the ire of some in the tourismj industry for its use of large aliends to toutNew Mexico. But state officials maintained that itgot people’sz attention and used the limitedr marketing funds available to the state effectively. The campaign won a Platinum 2007 Adrian Award for travel marketing It took a witty approach by haviny thealiens golfing, mountain biking and soaking in hot springs at Ojo was selected from among 16 agencies that bid for the contract.
More out-of-stater firms bid this year thanever before, said Martin advertising manager with the Tourism Before Saatchi got the current it had been held for 14 yeares by of Albuquerque, which was one of the bidders for the new Michael Cerletti, secretary of said Saatchi’s presentation was considered by stafcf to be the best creatively, based on the state’s image as the Land of Enchantment. “Their ongoing association with the Department and staff also givexs us the opportunity to move quicklyt into ournext campaign,” Cerletti said. “We don’t want to lose any momentu m in these tougheconomic times.
” Leger said the new campaign will get back to promotinb more tradtional New Mexico culture and outdoor settings. "Bur it will still be striking and interestinand different," he As for the alie n ambassadors, Leger said their visit has come to an end. "They have gone but as they went they spread the news aboutNew Mexico," he quipped. Most of the $3 milliob will be used to develop, produce and purchase ads for nationaol magazines, and also to crate a new online campaigjn and television andradio spots.
The contract is for one but it can be extended for up to threedadditional years, at which time a new request for proposals for advertisingv services must be issued. There’s no word on the themr for thenew campaign. Saatchi and the Tourism Department will begin formal planning inthe fall. Saatchi’s partnef agency, , will continue to handler media planning and buying forthe department. M&C Saatchii Worldwide is one of the largest independent agency networks inthe world. M&C Saatchi Los Angelesd was establishedin 2003. It has creater campaigns for , British Airways, , Ketel One Vodka and the U.S. Departmentf of Commerce.
is based in Los Angeles and is partof M&C Saatchj Worldwide. It created “The Best Placew in the Universe - New Earth” , which drew the ire of some in the tourismj industry for its use of large aliends to toutNew Mexico. But state officials maintained that itgot people’sz attention and used the limitedr marketing funds available to the state effectively. The campaign won a Platinum 2007 Adrian Award for travel marketing It took a witty approach by haviny thealiens golfing, mountain biking and soaking in hot springs at Ojo was selected from among 16 agencies that bid for the contract.
More out-of-stater firms bid this year thanever before, said Martin advertising manager with the Tourism Before Saatchi got the current it had been held for 14 yeares by of Albuquerque, which was one of the bidders for the new Michael Cerletti, secretary of said Saatchi’s presentation was considered by stafcf to be the best creatively, based on the state’s image as the Land of Enchantment. “Their ongoing association with the Department and staff also givexs us the opportunity to move quicklyt into ournext campaign,” Cerletti said. “We don’t want to lose any momentu m in these tougheconomic times.
” Leger said the new campaign will get back to promotinb more tradtional New Mexico culture and outdoor settings. "Bur it will still be striking and interestinand different," he As for the alie n ambassadors, Leger said their visit has come to an end. "They have gone but as they went they spread the news aboutNew Mexico," he quipped. Most of the $3 milliob will be used to develop, produce and purchase ads for nationaol magazines, and also to crate a new online campaigjn and television andradio spots.
The contract is for one but it can be extended for up to threedadditional years, at which time a new request for proposals for advertisingv services must be issued. There’s no word on the themr for thenew campaign. Saatchi and the Tourism Department will begin formal planning inthe fall. Saatchi’s partnef agency, , will continue to handler media planning and buying forthe department. M&C Saatchii Worldwide is one of the largest independent agency networks inthe world. M&C Saatchi Los Angelesd was establishedin 2003. It has creater campaigns for , British Airways, , Ketel One Vodka and the U.S. Departmentf of Commerce.
Wednesday, January 9, 2013
Reports: U.S. probes Silicon Valley tech giants' hiring - Memphis Business Journal:
fusajacuxejilyp.blogspot.com
The Washington Post and New York Timesz reported late on Tuesday that the antitrust probe is centerer onwhether (NASDAQ:GOOG), (NASDAQ:AAPL), (NASDAQ:YHOO), and others agreesd not to recruit each other's The stories cited unnamed sources the papers said are familiadr with the matter. The investigation is reportedly in itsearly stages, with the papers sayinv that the government has requested documentxs and information from targeted companies. The inquiry is seen as anothefr sign that the Obama administration will be more aggressive on antitrusf laws than his predecessor and Silicon Valleg tech firms are a focus ofthat attention.
The Justice Departmeny is currently also investigating a proposed settlemenrtbetween Google, authors and publisherz to resolve a copyright dispute, the Wall Street Journal has reportef citing unnamed sources. The Federal Trade Commissioh has also asked questions abourt whether having Google CEO Eric Schmidt and formerGenentecgh Inc. CEO Art Levinson on both the Apple and Googlee board is a violation ofantitrust laws.
The Washington Post and New York Timesz reported late on Tuesday that the antitrust probe is centerer onwhether (NASDAQ:GOOG), (NASDAQ:AAPL), (NASDAQ:YHOO), and others agreesd not to recruit each other's The stories cited unnamed sources the papers said are familiadr with the matter. The investigation is reportedly in itsearly stages, with the papers sayinv that the government has requested documentxs and information from targeted companies. The inquiry is seen as anothefr sign that the Obama administration will be more aggressive on antitrusf laws than his predecessor and Silicon Valleg tech firms are a focus ofthat attention.
The Justice Departmeny is currently also investigating a proposed settlemenrtbetween Google, authors and publisherz to resolve a copyright dispute, the Wall Street Journal has reportef citing unnamed sources. The Federal Trade Commissioh has also asked questions abourt whether having Google CEO Eric Schmidt and formerGenentecgh Inc. CEO Art Levinson on both the Apple and Googlee board is a violation ofantitrust laws.
Tuesday, January 8, 2013
Metro-area construction employment down 23% - Minneapolis / St. Paul Business Journal:
adepylex.blogspot.com
percent drop in one year, accordingb to data from of America The Minneapolis/St. Paul and Bloomington arease combined saw construction employment dropfrom 65,30o0 jobs in April 2008 to about 50,00 0 jobs this April. Other metropolitan areasw are notfaring well, Construction employment fell in 276 of the nation’zs largest 299 metro areas over the same time period. Minnesota’s otherd metropolitan areas also saw a drop inconstructiom employment. Duluth lost 1,500 construction jobs down about 18 percent and St. Cloud saw an almost 5 percent decline. Pascagoula, Miss., was hit the hardest, with a 38.8 percen t drop.
Only a handfulo of the country’s metropolitan areas experienced an increasr inconstruction employment, including Decatur, which saw a 5.7 percent growth. AGC Chief Economisty Ken Simonson said the data highlights the need for federal stimulu funds to flow quickly and easilginto states. “Job-loss figures like these are exactlhy what prompted Congress and the administration to craftg a stimulus package designed to get Americans back to work as quicklytas possible,” Simonson said in a news Simonson also noted that the constructiom sector has seen the largest decline in employmenrt in relation to the economy as a whole. Overall construction unemployment wasat 18.
7 percentt in April this year, whil the overall unemployment rate was 8.6 However, these figured have not been seasonallyy adjusted. “Putting these funds to good use as quicklty as possible is the best way to get Americane back to work and the economg backon track,” he
percent drop in one year, accordingb to data from of America The Minneapolis/St. Paul and Bloomington arease combined saw construction employment dropfrom 65,30o0 jobs in April 2008 to about 50,00 0 jobs this April. Other metropolitan areasw are notfaring well, Construction employment fell in 276 of the nation’zs largest 299 metro areas over the same time period. Minnesota’s otherd metropolitan areas also saw a drop inconstructiom employment. Duluth lost 1,500 construction jobs down about 18 percent and St. Cloud saw an almost 5 percent decline. Pascagoula, Miss., was hit the hardest, with a 38.8 percen t drop.
Only a handfulo of the country’s metropolitan areas experienced an increasr inconstruction employment, including Decatur, which saw a 5.7 percent growth. AGC Chief Economisty Ken Simonson said the data highlights the need for federal stimulu funds to flow quickly and easilginto states. “Job-loss figures like these are exactlhy what prompted Congress and the administration to craftg a stimulus package designed to get Americans back to work as quicklytas possible,” Simonson said in a news Simonson also noted that the constructiom sector has seen the largest decline in employmenrt in relation to the economy as a whole. Overall construction unemployment wasat 18.
7 percentt in April this year, whil the overall unemployment rate was 8.6 However, these figured have not been seasonallyy adjusted. “Putting these funds to good use as quicklty as possible is the best way to get Americane back to work and the economg backon track,” he
Sunday, January 6, 2013
Roddey-formed firm won't take license - Pittsburgh Business Times:
moakhamet84.blogspot.com
The awarding of distributor licensesto so-called "middleman" companiez has come under fire from some state legislators, including Sen. Jane a McCandless Republican, whose bill to eliminates the "middleman" did not make it throughh the state House. In a George Miles, chairman of New Centuryu and presidentof , said New Century decidedr to reject the license because, "we have becomed (increasingly) uncomfortable with the licensing While we had hoped to operate a businessd dedicated to giving back to the community, it has becoms more and more apparent that the stated purpose of gaming in Pennsylvania has taken a backseat to The gaming board has approved 14 othee distributors/suppliers for operation in Pennsylvania.
Each must pay the boarde a $25,000 licensing fee. When the state Legislature in 2004 approvecd the law creating 14 casinos in the it included a requirement that they buy equipment from these middleman firmsacalled distributors.
The awarding of distributor licensesto so-called "middleman" companiez has come under fire from some state legislators, including Sen. Jane a McCandless Republican, whose bill to eliminates the "middleman" did not make it throughh the state House. In a George Miles, chairman of New Centuryu and presidentof , said New Century decidedr to reject the license because, "we have becomed (increasingly) uncomfortable with the licensing While we had hoped to operate a businessd dedicated to giving back to the community, it has becoms more and more apparent that the stated purpose of gaming in Pennsylvania has taken a backseat to The gaming board has approved 14 othee distributors/suppliers for operation in Pennsylvania.
Each must pay the boarde a $25,000 licensing fee. When the state Legislature in 2004 approvecd the law creating 14 casinos in the it included a requirement that they buy equipment from these middleman firmsacalled distributors.
Friday, January 4, 2013
A soldier's national security dream team - Reuters Blogs (blog)
zvonkovaleoqim.blogspot.com
Reuters Blogs (blog) | A soldier's national security dream team Reuters Blogs (blog) President Barack Obama's nomination of Senator John Kerry (D-Mass.) for secretary of state, along with the potential appointment of former Senator Chuck Hagel for defense secretary, is an important step forward for the under-resourced State Department ... National Security Brief: Former Top U.S. Ambassador Praises Hagel |
Wednesday, January 2, 2013
Maritz acquires Cascade Promotion - St. Louis Business Journal:
jaqezuweg.blogspot.com
Incentive company Maritz said the purchas e ofRedwood City, Calif.-based Cascadre allows the company to build its presence in growinhg markets, particularly in the gaming and technology "Our combined purchasing powerf will allow Maritz and Cascade to offer more purposefullh chosen brands designed to motivatee employees and customers at a competitive cost," Maritz Motivation CEO Mike Donnellyh said in a statement. "By leveraging shareds capabilities, we can make incentive and loyaltgy rewards much easier to buy for the typical busineszs and enhance their valu by helping clients measure the impactr of their incentive andloyalty programs.
" For those clientss who just want to access rewards fulfillmenyt services, Maritz is introducing Maritz Rewards, which will delive r a purposefully chosen collection of rewards for Fenton, Mo.-based Maritz Inc., an incentive companhy founded in 1894, is one of the largest privatelu held companies in St. Louis with 2007 revenue of $1.45
Incentive company Maritz said the purchas e ofRedwood City, Calif.-based Cascadre allows the company to build its presence in growinhg markets, particularly in the gaming and technology "Our combined purchasing powerf will allow Maritz and Cascade to offer more purposefullh chosen brands designed to motivatee employees and customers at a competitive cost," Maritz Motivation CEO Mike Donnellyh said in a statement. "By leveraging shareds capabilities, we can make incentive and loyaltgy rewards much easier to buy for the typical busineszs and enhance their valu by helping clients measure the impactr of their incentive andloyalty programs.
" For those clientss who just want to access rewards fulfillmenyt services, Maritz is introducing Maritz Rewards, which will delive r a purposefully chosen collection of rewards for Fenton, Mo.-based Maritz Inc., an incentive companhy founded in 1894, is one of the largest privatelu held companies in St. Louis with 2007 revenue of $1.45
Tuesday, January 1, 2013
GenVec cuts manufacturing partnership - Puget Sound Business Journal (Seattle):
efiosyt.blogspot.com
After a year and a half, the Gaithersburgf biotech has terminated its contract June 29with , the Unite d Kingdom-based company that had been producinf the local company’s main product, an anticancer treatment callef TNFerade in its final stagde of clinical trials. GenVec (NASDAQ: paid Cobra a $350,000 termination fee, negotiatec down considerably fromthe one-time maximum fee of $2.3 milliomn to terminate the contract. Originally signecd in January 2008, the manufacturing agreement called for GenVevc to payCobra $1 million in advancre and as much as $9.4 million depending on the servicee rendered. Last year, GenVec said it paid Cobrq $3.
4 million and, in March, said it woule pay Cobra an additionao $1.8 million this year. GenVec, whichj said it doesn’t need further batches from Cobrsa to complete its TNFerade trials and had been lowon cash, has been searchingg for a larger partner to fund those clinicakl studies and anticipated launch. After making significanf cuts to itshead count, GenVec raised $6 million in late May in a discountes stock offering that garnered a 19 percent drop in the company’as share price from disappointed investors that day. GenVec’xs stock price has since inched back up to its formerprice levels, even toppinvg $1 since the offering.
After a year and a half, the Gaithersburgf biotech has terminated its contract June 29with , the Unite d Kingdom-based company that had been producinf the local company’s main product, an anticancer treatment callef TNFerade in its final stagde of clinical trials. GenVec (NASDAQ: paid Cobra a $350,000 termination fee, negotiatec down considerably fromthe one-time maximum fee of $2.3 milliomn to terminate the contract. Originally signecd in January 2008, the manufacturing agreement called for GenVevc to payCobra $1 million in advancre and as much as $9.4 million depending on the servicee rendered. Last year, GenVec said it paid Cobrq $3.
4 million and, in March, said it woule pay Cobra an additionao $1.8 million this year. GenVec, whichj said it doesn’t need further batches from Cobrsa to complete its TNFerade trials and had been lowon cash, has been searchingg for a larger partner to fund those clinicakl studies and anticipated launch. After making significanf cuts to itshead count, GenVec raised $6 million in late May in a discountes stock offering that garnered a 19 percent drop in the company’as share price from disappointed investors that day. GenVec’xs stock price has since inched back up to its formerprice levels, even toppinvg $1 since the offering.
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