Vermillion (VRML) Ovarian Cancer Test Mega-deal
Post# of 32
Posted On: 03/18/2015 6:23:26 AM
Keep a close eye on Vermillion, Inc. (VRML). The price of its stock soared more than 35% in extended-hours trading on Tuesday, after the company reported a new agreement for its OVA1(R) ovarian cancer test with Quest Diagnostics Inc. (DGX).
VRML's OVA1 was the first test FDA-cleared for aiding in the pre-surgical evaluation of an ovarian mass for cancer. Quest Diagnostics has been the exclusive National laboratory provider offering this test since it was launched in 2010. Over 70,000 OVA1 tests have been ordered to date
VRML founded ASPiRA Labs, a CLIA certified national clinical lab, to serve as a cutting-edge biomarker diagnostics center for gynecologic cancers. Under the new deal, VRML's ASPiRA will begin to offer OVA1 testing to Quest customers.
Quest Diagnostics will transfer all OVA1 testing service to VRML's ASPiRA Labs starting with the 39 states where ASPiRA is approved to provide testing services, while providing the current logistics support to transport specimens from its clients to ASPiRA for testing. Quest will continue to offer OVA1 services through its own OVA1 performing lab in the remaining 11 states until ASPiRA has the required state approvals to provide services. Quest will receive an undisclosed sum and fees for logistic support services provided under the new agreement.
VRML and Quest Diagnostics have also reached a settlement agreement under which all claims related to prior strategic alliance and loan agreements are dismissed and terminated.
VRML is dedicated to the discovery, development and commercialization of novel high-value diagnostic and bio-analytical solutions that help physicians diagnose, treat and improve outcomes for patients.
More about Vermillion, Inc. (VRML) at www.vermillion.com.
**
Shares of Papa Murphy's Holdings, Inc. (FRSH) touched a new 52-week high in after-hours trading on Tuesday, following the release of the company's quarterly financial results with sales numbers above analysts' expectations and highlighted by strong earnings growth.
For the fourth quarter 2014, FRSH posted revenue of $28.3 million, a 24.8% increase year over year and better than the Capital IQ Consensus Estimate of $26.38 million in revenues for the period, while its net income was $2.8 million, or $0.17 per diluted share, compared to a net loss of ($2.9) million, or ($1.15) per diluted share in the same quarter the prior year
FRSH is a franchisor and operator of the largest Take 'N' Bake pizza chain in the United States, selling uncooked pizzas that customers bake at home.
More about Papa Murphy's Holdings, Inc. (FRSH) at www.papamurphys.com.
**
After the closing bell on Tuesday, Wix.com Ltd. (WIX) raised its business outlook for the first quarter and full year 2015, driven by strong growth in collections.
For the first quarter 2015, WIX now expects revenue to be in the range of $44 million to $45 million, up from the previous revenue range of $43 million to $44 million, while for the full year 2015, WIX now expects revenue to be in the range of $200 million to $204 million, versus the prior revenue range of $198 million to $202 million. WIX also raised its colections and adjusted EBITDA expectations for both the first quarter and full year 2015
WIX will report its results for the first quarter of 2015 on a conference call during the week of May 4, 2015 and will provide call details in a separate release closer to the reporting date.
WIX is a leading cloud-based web development platform with over 61 million registered users worldwide.
More about Wix.com Ltd. (WIX) at www.wix.com
**
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Whittier, CA ( www.whittier.crwe-pr.com ) into the CRWE Network.
Whittier is situated in Los Angeles County, California, about 12 miles southeast of Los Angeles. Throughout the years, Whittier has striven to provide a healthy and safe community and a well-maintained infrastructure enhanced by planned patterns of growth and development.
The City of Whittier had an estimated population in 2013 (U.S. Census Bureau) of 86,635, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s division CRWE Tube ( www.crwetube.com ) is expected to be integrated in all the CRWE Network
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
VRML's OVA1 was the first test FDA-cleared for aiding in the pre-surgical evaluation of an ovarian mass for cancer. Quest Diagnostics has been the exclusive National laboratory provider offering this test since it was launched in 2010. Over 70,000 OVA1 tests have been ordered to date
VRML founded ASPiRA Labs, a CLIA certified national clinical lab, to serve as a cutting-edge biomarker diagnostics center for gynecologic cancers. Under the new deal, VRML's ASPiRA will begin to offer OVA1 testing to Quest customers.
Quest Diagnostics will transfer all OVA1 testing service to VRML's ASPiRA Labs starting with the 39 states where ASPiRA is approved to provide testing services, while providing the current logistics support to transport specimens from its clients to ASPiRA for testing. Quest will continue to offer OVA1 services through its own OVA1 performing lab in the remaining 11 states until ASPiRA has the required state approvals to provide services. Quest will receive an undisclosed sum and fees for logistic support services provided under the new agreement.
VRML and Quest Diagnostics have also reached a settlement agreement under which all claims related to prior strategic alliance and loan agreements are dismissed and terminated.
VRML is dedicated to the discovery, development and commercialization of novel high-value diagnostic and bio-analytical solutions that help physicians diagnose, treat and improve outcomes for patients.
More about Vermillion, Inc. (VRML) at www.vermillion.com.
**
Shares of Papa Murphy's Holdings, Inc. (FRSH) touched a new 52-week high in after-hours trading on Tuesday, following the release of the company's quarterly financial results with sales numbers above analysts' expectations and highlighted by strong earnings growth.
For the fourth quarter 2014, FRSH posted revenue of $28.3 million, a 24.8% increase year over year and better than the Capital IQ Consensus Estimate of $26.38 million in revenues for the period, while its net income was $2.8 million, or $0.17 per diluted share, compared to a net loss of ($2.9) million, or ($1.15) per diluted share in the same quarter the prior year
FRSH is a franchisor and operator of the largest Take 'N' Bake pizza chain in the United States, selling uncooked pizzas that customers bake at home.
More about Papa Murphy's Holdings, Inc. (FRSH) at www.papamurphys.com.
**
After the closing bell on Tuesday, Wix.com Ltd. (WIX) raised its business outlook for the first quarter and full year 2015, driven by strong growth in collections.
For the first quarter 2015, WIX now expects revenue to be in the range of $44 million to $45 million, up from the previous revenue range of $43 million to $44 million, while for the full year 2015, WIX now expects revenue to be in the range of $200 million to $204 million, versus the prior revenue range of $198 million to $202 million. WIX also raised its colections and adjusted EBITDA expectations for both the first quarter and full year 2015
WIX will report its results for the first quarter of 2015 on a conference call during the week of May 4, 2015 and will provide call details in a separate release closer to the reporting date.
WIX is a leading cloud-based web development platform with over 61 million registered users worldwide.
More about Wix.com Ltd. (WIX) at www.wix.com
**
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Whittier, CA ( www.whittier.crwe-pr.com ) into the CRWE Network.
Whittier is situated in Los Angeles County, California, about 12 miles southeast of Los Angeles. Throughout the years, Whittier has striven to provide a healthy and safe community and a well-maintained infrastructure enhanced by planned patterns of growth and development.
The City of Whittier had an estimated population in 2013 (U.S. Census Bureau) of 86,635, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s division CRWE Tube ( www.crwetube.com ) is expected to be integrated in all the CRWE Network
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
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