Navigation Links
Marshall Edwards Announces Closing of Asset Purchase Agreement With Novogen
Date:5/10/2011

SAN DIEGO, May 10, 2011 /PRNewswire/ -- Marshall Edwards, Inc.(Nasdaq: MSHL), an oncology company focused on the clinical development of novel therapeutics targeting cancer metabolism, announced today the closing of the asset purchase agreement entered into between the Company and its majority shareholder, Novogen Limited, and Novogen Research Pty Limited on December 21, 2010. The closing of the transaction follows approval at a meeting of Novogen shareholders on May 6, 2011. The agreement was previously approved at Marshall Edwards' Annual Meeting of Stockholders on April 13, 2011. Under the agreement, Marshall Edwards acquires Novogen's isoflavone-based intellectual property portfolio in a stock-based transaction.

"The closing of this strategic transaction gives us, once and for all, the flexibility to develop and partner these valuable assets and enables us to explore other potential drug candidates and indications within the portfolio," said Daniel P. Gold, Ph.D., President and Chief Executive Officer of Marshall Edwards. "We look forward to entering the clinic with two next-generation drug candidates, NV-143 and NV-344, this year."

Previously, Marshall Edwards licensed rights from Novogen for oncology drug candidates Phenoxodiol, Triphendiol, NV-143 and NV-128. Effective immediately, all prior licensing agreements between the two companies, including any potential future milestone or royalty payments, are canceled.

Each share of the 1,000 shares of Class A Preferred Stock is convertible into 4,827 shares of Marshall Edwards common stock for an aggregate of 4,827,000 shares, valued in total at $4 million based on the volume weighted average price over the 20 trading days prior to the date of the date of the execution of the asset purchase agreement. Should any of the acquired assets achieve a statistically significant result in a Phase II clinical trial or t
'/>"/>

SOURCE Marshall Edwards, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Marshall Edwards Announces Private Placement
2. Marshall Edwards Announces Publication of Phase II Clinical Trial Results Highlighting Activity of Intravenous Phenoxodiol
3. Marshall Edwards Receives Positive Response From NASDAQ
4. Marshall Edwards to Host Annual Meeting of Stockholders
5. Marshall Edwards Receives NASDAQ Notice Of Non-Compliance; Intends To Request Hearing
6. Marshall Edwards Announces Presentation of New Data Showing Activity in Chemotherapy-Resistant Ovarian Cancer Cells
7. Edwards Lifesciences Announces First Implants in U.S. Study of Minimally-Invasive Pulmonic Valve
8. Edwards Resilient Trial Demonstrates Statistically Superior Results for Treating Peripheral Arterial Disease in the Leg
9. Pfenex Announces Strategic Collaboration With MedImmune for the Use of Pfenex Expression Technologyâ„¢
10. Insmed Announces First Quarter 2011 Financial Results
11. Intercell AG Announces Q1 2011 Results and Updates on R&D Progress
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/29/2014)... 29, 2014 Research and Markets ... Devices Market 2014-2018" report to their offering. ... respiratory device is a medical device used to provide ... in breathing and cannot achieve adequate oxygen levels to ... fibrosis, asthma, COPD, and ARDS require the need of ...
(Date:7/29/2014)... MOUNTAIN VIEW, Calif. , July 29, 2014 ... personal emergency response systems (PERS) market, Frost & ... Frost & Sullivan Award for Price Performance Value ... mobile usage directly captures expectations for tech progression ... of US consumers for these solutions. ...
(Date:7/29/2014)... CITY , July 29, 2014  The ... Grand American Hotel in Salt Lake City ... representing some of most respected healthcare organizations in the ... Catalyst , is an industry conference devoted to providing ... analytics,  an essential element of both accountable care initiatives ...
Breaking Medicine Technology:Global Respiratory Devices Market 2014-2018 2Frost & Sullivan Applauds MobileHelp for its Targeted Supplies for the PERS Market 2Frost & Sullivan Applauds MobileHelp for its Targeted Supplies for the PERS Market 3Health Catalyst Adds Keynote Speakers, New Sessions, and Expands Attendee Limit for Healthcare Analytics Summit 2014 2Health Catalyst Adds Keynote Speakers, New Sessions, and Expands Attendee Limit for Healthcare Analytics Summit 2014 3Health Catalyst Adds Keynote Speakers, New Sessions, and Expands Attendee Limit for Healthcare Analytics Summit 2014 4Health Catalyst Adds Keynote Speakers, New Sessions, and Expands Attendee Limit for Healthcare Analytics Summit 2014 5
(Date:7/29/2014)... New high priced hepatitis C drugs will ... projected $2.9 to $5.8 billion next year, according to ... today by the Pharmaceutical Care Management Association (PCMA). Milliman ... as much as 8.6 percent in 2015 as a ... Olysio. , The study finds that the majority of ...
(Date:7/29/2014)... Alto, CA (PRWEB) July 29, 2014 ... and well-being in older adults. Once again, the non-profit agency ... Celebration, a free event for seniors. , This event gives ... active and maintain better health. There will be a variety ... and dancing, wellness vendors, tech demonstrations and artists. In addition, ...
(Date:7/29/2014)... kidney transplants receive steady follow-up care, the living ... make follow-up care more accessible, UC San Francisco ... to launch the first program in the country ... to living kidney donors. , UCSF will provide ... than 4,500 Walgreens pharmacies and Healthcare Clinic at ...
(Date:7/29/2014)... Bret Busacker , a partner in ... appointed to the Board of Directors for the American ... experienced business attorney with a focus on employee benefits ... wide spectrum of topics regarding equity and incentive compensation, ... His clients include public and private businesses, governmental entities, ...
(Date:7/29/2014)... Georgia (PRWEB) July 29, 2014 Just ... expanding offices to 4 new states, the exciting FX ... Special FX and one time farmboy from Arkansas, is ... of bringing innovative event technologies to the masses. ... the event packed island of Jamaica. This new ...
Breaking Medicine News(10 mins):Health News:New Milliman Study: Hepatitis C Drugs Could Increase Medicare Part D Spending by $2.9 to $5.8 Billion in 2015 2Health News:Avenidas Hosts Third Annual Successful Aging Celebration 2Health News:Caring for donors 2Health News:Caring for donors 3Health News:Holland & Hart Partner Brett Busacker Appointed to Board of Directors for American Red Cross of Greater Idaho 2Health News:Atlanta Special FX Rapidly Expanding Just Opens First International Corporate Office in Jamaica 2
... ... seek pain-relief that doesn,t come in traditional drug-form. With the launch of Oram Plus, developer ... ... has done it again with the development of his new gum disease treatment, Oram Plus., ...
... , ... ... ... ...
... Phoenix magazine, the ... 44-year history in April, both in terms of page count and magazine advertising sales revenue. ... ... economic climate where newspapers and magazines are struggling, Phoenix magazine is setting an ...
... , ... ... ... ...
... An asthma program specifically tailored to teens could help ... fatal complications, Medical College of Georgia researchers say. Black ... times greater than their white counterparts, and Dr. Dennis Ownby, ... and Immunology, believes asthma rates are as bad in rural ...
... ... recorded over a unique Celtic themed musical soundscape. , ... (PRWEB) March 9, 2010 -- Welsh Tree LLC ... ,Celtic Pathways by Jason Evans, in time for Saint Patrick,s Day, Wednesday March 17th. ...
Cached Medicine News:Health News:Oram Plus Set to Take the Pain out of Gum Disease and Cavities, Naturally 2Health News:The Pediatric Dengue Vaccine Initiative Introduces www.DengueWatch.org - a News hub for Tracking Dengue Fever Epidemics Worldwide 2Health News:The Pediatric Dengue Vaccine Initiative Introduces www.DengueWatch.org - a News hub for Tracking Dengue Fever Epidemics Worldwide 3Health News:The Pediatric Dengue Vaccine Initiative Introduces www.DengueWatch.org - a News hub for Tracking Dengue Fever Epidemics Worldwide 4Health News:The Pediatric Dengue Vaccine Initiative Introduces www.DengueWatch.org - a News hub for Tracking Dengue Fever Epidemics Worldwide 5Health News:The Pediatric Dengue Vaccine Initiative Introduces www.DengueWatch.org - a News hub for Tracking Dengue Fever Epidemics Worldwide 6Health News:Phoenix Magazine Sets Magazine Advertising Sales Record With Best Doctors Issue 2Health News:Soft? Firm? When Choosing a Mattress, One Firmness Does Not Fit All 2Health News:Soft? Firm? When Choosing a Mattress, One Firmness Does Not Fit All 3Health News:Soft? Firm? When Choosing a Mattress, One Firmness Does Not Fit All 4Health News:Program could help teens control asthma 2Health News:Welsh Tree LLC Proudly Presents the Release of the Celtic Pathways CD by Jason Evans, in Time for Saint Patrick's Day 2Health News:Welsh Tree LLC Proudly Presents the Release of the Celtic Pathways CD by Jason Evans, in Time for Saint Patrick's Day 3
Shandon Paraffin Block Cartons...
... A histological embedment block ... This file system incorporates ... embedment block protection, simplified ... error and facilitation of ...
The Modular Storage Drawers provide permanent storage and identification of up to 165 embedding rings or 250 cassettes per drawer....
... The first instrumentation ... efficiently manage the ... Proven technology automatically ... collates cassettes sequentially. ...
Medicine Products: