PlasmaTech Announces Reverse Stock Split, Launches New Corporate Website; CEL-SCI Announces Closing of Public Offering Print
By Marilyn Mullen   
Friday, 24 October 2014 19:41
Below is a look at some of the headlines for companies that made news in the healthcare sector on October 24, 2014.
PlasmaTech Biopharmaceuticals, Inc. (OTCQB: ACCPD), formerly Access Pharmaceuticals, Inc. (ACCP), a biopharmaceutical company advancing patient care in critical areas, announced it has implemented a 1-for-50 reverse split of its common stock effective at the opening of trading on Friday, October 24, 2014. PlasmaTech's common stock will trade on a split-adjusted basis under new CUSIP number 72754H109 and temporary ticker symbol "ACCPD". After 20 days, the common stock will commence trading under the ticker symbol (PTBI). In addition, the Company has changed its name to PlasmaTech Biopharmaceuticals, Inc. and launched its new corporate website: www.plasmatechbio.com.

As a result of the stock split, every fifty shares of issued and outstanding PlasmaTech Bio common stock (formerly Access Pharmaceuticals stock) will be converted into one share of common stock.  Proportional adjustments will be made to the Company's options, warrants and conversion terms in convertible notes. Any fractional shares resulting from the reverse stock split will be rounded up to the next whole share.

Information to Shareholders - Stockholders who have existing stock certificates will receive written instructions by mail from the Company's transfer agent, American Stock Transfer & Trust Company.  Stockholders who hold their shares in brokerage accounts or "street name" are not required to take any action to effect the exchange of their shares. Such stockholders will be contacted by their brokers with instructions.


 
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CEL-SCI Corporation (NYSE MKT: CVM)
, a late-stage oncology company, announced it has closed an underwritten public offering of 7,894,737 shares of common stock and 1,973,684 warrants to purchase shares of common stock. For every four shares of common stock sold, we issued to investors in this offering one warrant to purchase a share of common stock. The common stock and warrants were sold at a combined price of $0.76 and resulted in aggregate gross proceeds of $6 million, prior to deducting underwriting commissions and offering expenses and excluding the exercise of any warrants. The common stock and warrants will separate immediately. The warrants are immediately exercisable, expire October 11, 2018, have an exercise price of $1.25 and trade on the NYSE MKT under the symbol “CVM WS”.

CEL-SCI intends to use the net proceeds of the offering for its Phase III clinical trial, other research and development, and general and
administrative expenses.

Laidlaw & Company (UK) Ltd. is acting as the sole book-running manager in this offering. Dawson James Securities, Inc. is acting as a co-manager.

A shelf registration statement and

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accompanying base prospectus on Form S-3 relating to the securities was filed with the Securities and
Exchange Commission and is effective. A final prospectus supplement relating to the offering has been filed with the SEC and is available on the SEC’s web site at http://www.sec.gov. Copies of the final prospectus supplement relating to the offering may be obtained from the offices of Laidlaw & Company (UK) Ltd., 546 Fifth Avenue, 5th Floor, New York, NY, 10036, telephone: 212-953-4900, or from the above-mentioned SEC website.


 
Also Friday:


 
ACETO Corporation (Nasdaq:ACET)
, a global leader in the marketing, sale and distribution of products for Human Health, Pharmaceutical Ingredients and Performance Chemicals, will issue its financial results of operations for the first quarter of fiscal 2015 ended September 30, 2014 after the stock market close on Thursday, November 6, 2014.

Cutera, Inc. (Nasdaq:CUTR)
, a leading provider of laser and other energy-based aesthetic systems for practitioners worldwide, will announce results for the third quarter ended September 30, 2014 on Monday, November 3, 2014, after market close.

Health Insurance Innovations, Inc. (Nasdaq:HIIQ),
a leading developer and administrator of affordable, cloud-based individual health insurance plans and ancillary products, announced today that it will report third quarter 2014 financial results on Monday, November 10, 2014 after market close.

HealthEquity, Inc. (Nasdaq:HQY)
, one of the largest Health Savings Account non-bank custodians, today announced the appointment of Matthew Sydney as executive vice president, sales and marketing effective as of November 1, 2014.

lder BioPharmaceuticals, Inc. (Nasdaq:ALDR)
, a clinical-stage biopharmaceutical company developing monoclonal antibody therapeutics for the treatment of migraine, autoimmune and inflammatory diseases, today announced that it will report its third quarter 2014 financial and operating results after the close of U.S. financial markets on Monday, November 3, 2014.

mCig®, Inc. (OTCQB:MCIG)
, a technology company that owns, manufactures, and distributes the mCig®, VitaCig®, and Vapolution products, is pleased to announce the expansion of the VitaCig® flavor line, the debut of a new division retailing branded E-Liquids (also known as E-Juice), and a new advanced device for vaporizing VitaCig® liquids or those manufactured by third parties.

Myriad Genetics, Inc. (Nasdaq:MYGN)
today announced it has established a Tumor BRACAnalysis CDx laboratory in Europe.

Oxford Immunotec Global PLC (Nasdaq:OXFD) today announced that it plans to release third quarter 2014 financial results prior to market open on Tuesday, November 4, 2014.

Premier, Inc. (Nasdaq:PINC) plans to report fiscal 2015 first-quarter financial results after the market closes on Monday, November 10, 2014, followed by a conference call at 5:00 p.m. ET to discuss the results.

QLT Inc. (Nasdaq:QLTI) (TSX:QLT) today announced that current QLT Board member, Geoffrey F. Cox, Ph.D., has been appointed interim Chief Executive Officer, effective immediately.

RadNet, Inc. (Nasdaq:RDNT), a national leader in providing high-quality, cost-effective diagnostic imaging services through a network of owned and operated outpatient imaging centers, announced today that it will host a conference call to discuss its third quarter 2014 financial results on Thursday, November 6th, 2014 at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time).

Tandem Diabetes Care®, Inc. (Nasdaq:TNDM), a medical device company and manufacturer of the t:slim® Insulin Pump, today announced a schedule change for its third quarter 2014 results.

Thermomedics, Inc, a division of Sanomedics (OTCQB:SIMH) announced that its Caregiver® TouchFree™ Clinical Thermometer was awarded the coveted Innovative Technology designation by Novation at its Innovative Technology Expo on Sept. 10, 2014, at the Irving Convention Center, Irving, Texas.

Zafgen, Inc. (Nasdaq:ZFGN)
, a biopharmaceutical company dedicated to significantly improving the health and well-being of patients affected by obesity and complex metabolic disorders, will visit the Nasdaq MarketSite in Times Square.



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