Navigation Links
NUVO announces third quarter 2008 financial results
Date:10/30/2008

nd the prepayment of future royalties under the new licensing arrangements with Squire. For the nine months ended September 30, 2008 funds used in operating activities decreased to $5.0 million from $9.5 million.

Net cash used in investing activities totaled $36,000 and $92,000 for the three and nine months ended September 30, 2008 compared with $31,000 and $220,000 for the three and nine months ended September 30, 2007. Net cash provided by financing activities totaled $1.4 million for the three months ended September 30, 2008, compared to $18.4 million for the three months ended September 30, 2007. During the quarter, the Company issued a $2 million debenture to Squire and repaid $0.5 million of long-term debt and debentures. In the comparable period last year, net cash used in financing activities related to scheduled debt repayments. Net cash provided by financing activities totaled $2.3 million for the nine months ended September 30, 2008, compared to $23.2 million for the nine months ended September 30, 2007.

Squire Tax Reassessment

On August 16, 2005, the Company sold 100% of the common shares of its subsidiary DHCL (renamed Squire) to Paladin. Under the terms of the share purchase agreement ("SPA") with Paladin, the Company provided representations and warranties with respect to the status of the Company's tax accounts and its tax assets, which consisted of non-capital losses, investment tax credits and undeducted scientific research and experimental development expenditures. If the amounts represented are incorrect then the Company is required to indemnify Paladin for a portion of its losses.

In July and August 2008, Squire received notices of reassessment relating to its taxation years ending August 16, 2005 and July 31, 2006 and 2007 ("the Tax Years") from the Canada Revenue Agency ("CRA") containing adjustments related to certain transactions occurring in the tax year ended August 16, 2005 that impact all of the Tax Years. It
'/>"/>

SOURCE Nuvo Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Related medicine news :

1. Cardo Medical Announces FDA Clearance of the Align 360 Total Knee System
2. Avaya Platinum Partner Merrill & Associates Announces Engineering and Application Strategy
3. Jenny Craig Announces Finalists for the 2008 Ideal Size Contest
4. WorldHeart Announces Effectiveness of Reverse Stock Split
5. XELR8 Holdings Announces Conference Call to Review Third Quarter Financial Results
6. Onyx Pharmaceuticals Announces Third Quarter 2008 Financial Results Teleconference and Webcast
7. Foundation Radiology Group Announces Multi-Year Deal with Charles Cole Memorial Hospital
8. Morria Biopharmaceuticals Plc Announces Preliminary Results Regarding Inflammatory Markers From its Phase II Study in Allergic Rhinitis
9. Berger & Montague Announces Class Action Lawsuit Against Elan Corporation
10. Blackboard Announces Launch of Beta Program
11. Wound Management Technologies, Inc. Announces Strategic Business Directions, Recent Conference Presentation, in Addition to Symposium Exhibit Plans for Las Vegas
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/28/2015)... NJ (PRWEB) May 28, 2015 The Boys ... of $2,500 from Horizon Blue Cross Blue Shield of New ... golfer Natalie Gulbis, the club can receive much more support ... by Acer. , A former Boys & Girls Club member ... in Sacramento, California, Ms. Gulbis has accepted the Horizon Blue ...
(Date:5/28/2015)... Are policies that spell out when Medicare ... financial pain for seniors? That’s what a study published ... set to figure out, and its findings could have ... The study, “Observation Encounters and Subsequent Nursing Facility Stays,” ... how Medicare policies that distinguish between an “inpatient” hospital ...
(Date:5/28/2015)... May 28, 2015 ISMETT , a ... Italy, boosted the Sicilian economy by €132.5 million in expenditure ... benefit of more than €73 million by retaining patients who ... to a new study by the Battelle Memorial Institute. At ... research, training and advanced health care management that is transforming ...
(Date:5/28/2015)... (PRWEB) May 28, 2015 Workers’ compensation costs ... typical state, a recent study by the Workers Compensation ... over a three-year period. , The WCRI study, CompScope™ ... which workers missed seven days or more of work with ... the average 2011 Michigan claim was 4 percent lower than ...
(Date:5/28/2015)... Baptist Medical Center Jacksonville has added a ... stroke or other neurological conditions. , The new Center ... in the country and the first in Florida designed ... brain aneurysms. , “Baptist Health is committed to ... are impacted by stroke,” said Nicole Thomas, Baptist Health ...
Breaking Medicine News(10 mins):Health News:Golf Pro Natalie Gulbis to Chip in with Horizon Blue Cross Blue Shield of New Jersey to Support Boys & Girls Club of Atlantic City 2Health News:Golf Pro Natalie Gulbis to Chip in with Horizon Blue Cross Blue Shield of New Jersey to Support Boys & Girls Club of Atlantic City 3Health News:AJMC Study Examines Effect of Medicare Rules on Care After Hospital Observation 2Health News:AJMC Study Examines Effect of Medicare Rules on Care After Hospital Observation 3Health News:UPMC-Managed Transplant Hospital Drives Major Economic Benefits for Sicily, Study Finds 2Health News:UPMC-Managed Transplant Hospital Drives Major Economic Benefits for Sicily, Study Finds 3Health News:Michigan Workers’ Compensation Costs Lower Than Most States, Says WCRI Study 2Health News:Baptist Medical Center Jacksonville Adds Dedicated Neuro Emergency Unit 2Health News:Baptist Medical Center Jacksonville Adds Dedicated Neuro Emergency Unit 3
... ... inactivating 99.9% of the flu virus. The filter has been treated with Coway,s anti-viral ... ... 2009 -- Coway ,s new anti-flu air filter was recently tested for ...
... The Ensign Group, Inc. (Nasdaq: ENSG ), ... nursing, rehabilitative care services, hospice care and assisted living ... Oppenheimer & Co. 20th Annual Healthcare Conference on November ... http://www.newscom.com/cgi-bin/prnh/20071213/LATH168LOGO ) , Christopher Christensen, the company,s ...
... Keystone ... and administer health screenings. , ... Philadelphia, Pa. October 27, 2009 – More than 250 West Philadelphia men, ... part of the Health Ministry Program, hosted by Keystone Mercy Health Plan, the largest ...
... ... an Impact as Inaugural President , ... Grand Rapids, Mich. (Vocus) October 29, 2009 -- Sanford-Brown Institute (SBI) - Grand ... first campus president. Amidon comes to SBI - Grand Rapids from Baker College in Muskegon, ...
... Smith & Nephew,s (NYSE: SNN ; LSE: ... first-of-its-kind contribution to the Center for Orthopaedic Trauma Advancement ... Smith & Nephew and COTA entered into a grant ... as an independent, third-party administrator of funds. Smith ...
... autoimmune disease scleroderma can discolor parts of the skin of ... harden their skin, their blood vessels, and their internal organs ... forms, scleroderma gives Dartmouth geneticist Michael Whitfield, his graduate students, ... search for the triggers of the chronic condition. In a ...
Cached Medicine News:Health News:Coway Announces New Anti-Flu Air Filter Can Inactivate 2009 Seasonal Flu Virus 2Health News:The Ensign Group to Present at Oppenheimer 20th Annual Healthcare Conference 2Health News:More Than 250 West Philadelphia Men, Women and Children are Expected to Attend Wellness for Life Event 2Health News:President Selected to Open Sanford-Brown Institute - Grand Rapids 2Health News:Smith & Nephew Orthopaedics Donates Inaugural Funds to COTA Grants Program 2Health News:Smith & Nephew Orthopaedics Donates Inaugural Funds to COTA Grants Program 3Health News:Geneticists hunt for scleroderma triggers 2
(Date:5/28/2015)... 28, 2015 KaloBios Pharmaceuticals, Inc. (Nasdaq: ... A. Martell , to the position of Executive Chairman. ... KaloBios Board of Directors. In this new role, he ... to refine and execute on the strategic plan to ... therapeutics for orphan oncology indications with high unmet medical ...
(Date:5/28/2015)... THE WOODLANDS, Texas , May 28, 2015 /PRNewswire/ ... announced today that Lexicon management will present at the ... at 8:00 a.m. Eastern Time in New ... of Lexicon,s clinical development programs and milestones. ... Lexicon,s website at www.lexpharma.com . An archived version ...
(Date:5/28/2015)... SOUTH SAN FRANCISCO, Calif. , May 28, 2015 ... the treatment of cancer, today announced that Sean ... at the upcoming Jefferies 2015 Global Healthcare Conference ... 2:30 p.m. EDT on Tuesday, June 2, 2015. Dr. ... including the company,s Precision cancer immunotherapy and Probody drug ...
Breaking Medicine Technology:KaloBios Appoints Ronald A. Martell Executive Chairman 2KaloBios Appoints Ronald A. Martell Executive Chairman 3KaloBios Appoints Ronald A. Martell Executive Chairman 4KaloBios Appoints Ronald A. Martell Executive Chairman 5Lexicon To Present At The Jefferies 2015 Healthcare Conference 2
... FRANCISCO, July 21, 2011 ClinStar, LLC , ... and Eastern Europe to the pharmaceutical and biotechnology industry, ... speak at Marcus Evans 6th Annual Clinical Research ... FL.    (Logo: http://photos.prnewswire.com/prnh/20110719/SF36975LOGO ) ...
... July 21, 2011 Endologix, Inc. (NASDAQ: ELGX ... today announced financial results for the three and six months ... and Chief Executive Officer, said, "We are pleased with our ... our growth and new product development goals for 2011.  In ...
Cached Medicine Technology:ClinStar to Present on Conducting Clinical Trials in Russia 2Endologix Reports 22% Second Quarter 2011 Revenue Growth 2Endologix Reports 22% Second Quarter 2011 Revenue Growth 3Endologix Reports 22% Second Quarter 2011 Revenue Growth 4Endologix Reports 22% Second Quarter 2011 Revenue Growth 5Endologix Reports 22% Second Quarter 2011 Revenue Growth 6Endologix Reports 22% Second Quarter 2011 Revenue Growth 7Endologix Reports 22% Second Quarter 2011 Revenue Growth 8Endologix Reports 22% Second Quarter 2011 Revenue Growth 9
SPIRAL-FLEX® Oral Precut Reinforced Tubes...
SHERIDAN PREFORMED™ Endotracheal Tubes are designed to conveniently position the anesthesia circuit out of the surgical field for oral and maxillofacial procedures....
Nasal soft cuffed endotracheal tubes designed and constructed especially for long-term nasal intubations....
... is the next step in the ... is an easy to use, easy ... used as a standard tube, as ... quickly and safely handle intubations of ...
Medicine Products: