Power3 Medical’s (OTCBB: PWRM.OB) business focus is the development of commercial applications for their proprietary technologies. The scientific team is on the leading edge of the proteomics industry through their discovery of protein footprints, pathways, and mechanisms of disease. These discoveries are being used to develop screening and diagnostic tests for the early detection and treatment of disease. The protein biomarkers, drug targets, and diagnostic tests are targeted toward markets with critical unmet needs in areas such as breast cancer, neurodegenerative disease and drug resistance in cancer. The Company is in a strong competitive position with over 190 identified biomarkers and a state-of-the-
Power3 Medical Products, Inc. strives to become the premier biotechnology company specializing in the commercialization of proteomics IP for the diagnosis and treatment of disease by using cutting edge technologies, world class quality procedures and superior research methodologies. The Company will be guided in all of its dealings with its customers, partners, shareholders, associates and investors by the philosophy of best practices.
EnteroMedics Inc. (NASDAQ:ETRM)
Helicos BioSciences Corporation (NASDAQ: HLCS) announced recently that, as part of the Company’s previously disclosed efforts to consider alternatives to its existing long-term strategy, it is in the process of implementing a strategic shift to focus the business on the diagnostics markets. In connection with this effort, the Company has committed to a consolidation and reorganization of its operations in order to reduce operating costs. This restructuring plan has resulted in the elimination of approximately 40 positions during the current fiscal quarter. Approximately half of the Company’s 40 remaining employees are supported by NIH funding on research designed to further improve Helicos’ proprietary DNA and RNA single molecule sequencing technology.
Dehaier Medical Systems Ltd. (Nasdaq:DHRM)
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