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nanotimes
Companies Facts
D
rug delivery company pSivida Corp. (NASDAQ: PSDV) ranked 59th on the Deloitte 2011 Tech-
nology Fast 500™, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. pSivida grew at a rate of 2125 percent over the past five years.
pSivida’s chief executive officer, Dr. Paul Ashton, said, “This achievement represents the second year in a row that we have been included on this list and we are pleased to be one of only four biotech/ pharma companies to be in the top 20% of the Fast 500 ranking for two consecutive years. We continue to advance our pipeline of sustained and controlled drug delivery technologies and we now have FDA approved products and product candidates at all stages of development. Some of these are partnered with big pharma companies like Pfizer, one of our largest shareholders; others are licensed to smaller companies like Bausch & Lomb and Alimera Sci- ences; and still others we are developing internally.”
Moreover, pSivida Corp. announced financial re- sults for its first quarter ended September 30, 2011. At September 30, 2011, cash, cash equivalents and marketable securities totaled $21.3 million compared to $24.1 million at June 30, 2011.
“We have a very full plate with three clinical-stage product candidates for the treatment of back-of-the- eye diseases. Most advanced is ILUVIEN®
for diabe-
tic macular edema (DME) being developed by our licensee Alimera Sciences, for which Alimera has resubmitted a New Drug Application and is awaiting a response from the FDA. We are also independent- ly developing a product to treat uveitis affecting the
posterior segment of the eye (posterior uveitis) and a product to treat glaucoma and ocular hypertension in collaboration with Pfizer,” said Dr. Paul Ashton, President and CEO.
USNANO and Galen company have signed an investment agreement for establishing produc-
tion of composite nanostructured polymer based on basalt fiber. The project has a total budget of 500 million rubles of which RUSNANO will co-invest 200 million rubles. Project planners expect production to reach 2,500 tons to 3,000 tons in 2016. Products include shaft lining for the mining industry; armature, flexible connectors, and rawl plugs for the construc- tion industry; composite alluvial drill rods for oil production; and poles for street lighting and power transmission lines.
Basalt plastic armature is as strong as steel and a gre- at deal more durable. Moreover, composite material based on basalt fiber does not corrode. This is very important for structures that must operate where moisture is high or salt is present, particularly bridge supports. The material is considerably lighter than steel (on average 70%), simplifying transportation and making it less costly. Under some circumstances, the material extends the service life of equipment by reducing the stress load, for example, in alluvial drill rods used to produce oil. Because the composite is shock absorbent and impact safe, the material is ideally suited to street lighting poles.
“Galen is experienced in developing unique techno- logical solutions. Take, for example its armature for
11-10 :: October 2011