New York, NY - Vringo, Inc.(AMEX:VRNG) shares dropped 7.62% to $4.84 after the company announced that they have raised $45 Million as part of a straight equity deal just two days after a U.S. court ordered defendants Google Inc. (GOOG), AOL, Inc. (AOL), IAC/InterActiveCorp. (IACI), Target Corporation (TGT), and Gannett Co., Inc. (GCI) to engage in Settlement Discussions with Vringo next Tuesday, October 9.
Additionally, the company, on Sept.26, Vringo filed an 8-k with the SEC challenging ZTE to license patents for technology ZTE has been using since 2002. The patents cover Vringo's proprietary technologies that are considered essential to infrastructure equipment and mobile stations compliant with GSM and GPRS specifications.
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Neuralstem, Inc.(AMEX:CUR) stock increased 5.47% to $1.35. The company said it was granted approval to commence a clinical trial, through its subsidiary, Neuralstem China, to treat motor deficits due to ischemic strokes with its spinal cord stem cells NSI-566 at BaYi Brain Hospital, in Beijing, China. The approved trial will include a combined phase I/II design and will witness direct injections of NSI-566 cells into the brain. The trial is expected to begin early next year.
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Lucas Energy, Inc.(AMEX:LEI) shares dropped 12.95% to $1.95 in the early hour after the company announced that the Board of Directors has unanimously elected Ryan Morris and Josh Young to serve on the Board of Directors of the Company. Through their respective affiliates, Meson Capital Partners and Young Capital Management, Mr. Morris and Mr. Young are the largest shareholders of Lucas with a combined stake of over 4 million representing more than 16% of the total outstanding shares.
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First Solar, Inc.(NASDAQ:FSLR) shares declined 9.07% to $20.50 in the morning hour after Deutsche Bank reissued their hold rating on shares of First Solar in a research report released today. Deutsche Bank currently has a $17.00 price target on the stock. Additionally, analysts predict that First Solar will post $4.45 earnings per share for the current fiscal year.
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Neostem Inc.(AMEX:NBS) shares dropped 1.31% to $0.739. The company, on Sept. 10, announced a significant expansion in its claims granted to protect the use of CD34+ cells, acquired from blood or bone marrow, to impart a therapeutic benefit to tissue sustaining an ischemic injury. The 52 week trading range for the company is $0.30 - $0.90. The shares of the company gained 7% in the last one month.
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