China Medical Technologies, Inc. (the “Company”) (Nasdaq: CMED), a leading China-based advanced in-vitro diagnostic (“IVD”) company, announced its unaudited financial results for the second fiscal quarter ended September 30, 2011 (“2Q FY2011″) today.
“We are pleased to receive SFDA approval on our second PCR-based companion diagnostic assay on KRAS mutation for colorectal cancer targeted drug. We see huge potential on personalized medicine for cancer patients in China and will continue to develop this market segment.” commented Mr. Xiaodong Wu, Chairman and Chief Executive Officer of the Company.
2Q FY2011 Unaudited Financial Results
The Company reported net revenues of RMB238.5 million (US$37.4 million) for 2Q FY2011, representing an 18.1% increase from the corresponding period of FY2010.
The Company’s revenues are currently generated from two segments, molecular diagnostic systems and immunodiagnostic systems. The molecular diagnostic system segment mainly includes FISH products and SPR products while the immunodiagnostic system segment consists of ECLIA products.
Molecular diagnostic system sales for 2Q FY2011 were RMB164.0 million (US$25.7 million), representing a 38.5% increase from the corresponding period of FY2010.
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Who will provide these services? I never gave this subject a thought until I hit my seventies and then watched my friends drifting into retirement homes, frail care centers, Alzheimer’s homes and other such places. Then I went from not thinking to sheer panic overnight. In the morning we rushed over to a retirement home and checked to see what it was all about. Three hours later we left, feeling elated to know that we could be looked after and depressed to discover that we could hardly afford such a place. The financial side Retirement homes are expensive, period. First you have to acquire the apartment at an expensive purchase price. As the retirement home industry burgeons so the cost of apartments rockets. Then you have to pay a monthly maintenance fee which covers many of the amenities but excludes food and a caregiver. Sure they have clinics staffed by nurses, dentists and other medical people and will call an ambulance to rush you off to the hospital but your own private caregiver, the one who feeds, dresses and bathes you, is your own private business. The CLASS program The Community Living Assistance Services and Supports (CLASS) program, a part of the health-reform law, established a national, voluntary insurance program for purchasing community living services. It was d Read more…
We made a research and comparison of currency ETF funds with highest potential return over the next five years, according to global economic situation.
In times like now, with high volatility in financial markets, when one recession is not yet over and the new one is knocking on the door, it is very difficult to be smart about right asset allocation. Many experienced investors recommend holding some money in equities, gold and other precious metals are also very popular, and holding part, maybe even majority of portfolio in cash is also a very often recommendation. But holding your wealth in cash opens further questions, among which the most important is in which currency you should hold your cash position. Is it U.S. Dollar, Canadian Dollar, Euro, British Pound, maybe Swedish Krona, Swiss Franc, Japanese Jen, New Zealand Dollar, Australian Dollar, Chinese Yuan, Indian Rupee, Brazilian Real or or perhaps any other not noted here? Well, power of global economies is changing. The picture of creditor and debtor nations is becoming clearer over last years. Many top world economies are losing their power, so are their currencies. New economies are here to replace them in this century.
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The federal home improvement loan program is a comprehensive program to build or renovate homes across the country in cities as well as rural areas. The federal program is launched to help qualified people across USA in order to build their homes so that the houses remain in the condition one can live. The important aspect of federal program is the loan offered on very low interest. Besides that the program is available for home owners as well as investors. In this program there is an option available where federal government pay grants instead of loan to needy people which do not needed to be repaid.
Disbursement of Loan Process
The federal government disburses the fund of federal program through Department of Housing and Urban Development which is also known as HUD. However HUD uses local housing authorities to implement the rules of federal program or check the authenticity of the qualified persons. Sometimes HUD use NGOs also to execute the loan and grant programs.
There are different types of programs available in federal program. The title 1 Home improvement loan is started from $25,000 which is available for single family house.
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The UK division of international broker-dealer MF Global has collapsed into administration, leaving more than 700 staff at Londons Canary Wharf facing possible redundancy.
Parent company MF Global, a broker of commodities and derivative futures products, has filed for Chapter 11 bankruptcy protection in New York, meaning its UK arm will cease operating.
Meanwhile, MF Global Holdings Ltd. local operation in the United Kingdom has been placed into a special administration program as regulators moved to protect financial stability after the broker-dealer’s USA bankruptcy filing. The administrative regime will allow for the swift return of client assets, the Financial Services Authority said in the statement. MF Globals European business lines in London consist of stock broking in commodities, fixed income, currency trading and shares dealing. S
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Roth IRA is an individual retirement account which was established as an alternative to other IRAs such as traditional IRA and 401k. IRAs first came into the picture, in the early 80s when pensions were slowly vanishing into the past. IRAs removed the burden of an employee’s security post retirement, from the employer to the employee himself. Certain features of these traditional IRAs were revised and introduced as Roth IRA, a special retirement plan under the US law, in the year 1997. This IRA which was named after the Senator William Roth was formed by the Taxpayer Relief Act of 1997 and catered to the needs of the lower income groups. The page, roth-ira.org gives you all details regarding Roth IRA including its limitations.
While a traditional IRA offers its account holders to direct their pretax income into investments that can then grow tax deferred, a Roth IRA allows investment of the income after it is taxed. T Read more…
