BERLIN, GERMANY--(Marketwire - Dec 19, 2012) - MagForce AG / MagForce aims to raise up to EUR33.5 million . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement. Berlin, Germany, December 19, 2012 - MagForce AG (Frankfurt, Xetra: MF6), a leading medical device company in the field of nanomedicine with a focus on oncology, today announced that the Company, with the approval of the Supervisory Board, has resolved a restructuring plan to safeguard MagForce's long-term existence. Under the plan, the Company's share capital is to be increased by up to EUR18.6 million by granting preemptive rights to shareholders against cash and noncash contributions. The new shares will have a notional value of EUR1.00 and will be issued for EUR1.80. As part of the capital increase, some of the company's creditors are also to be granted the right to subscribe for new shares at an issue price of EUR1.80 per share against noncash contributions to the extent that shareholders' preemptive rights are disapplied for shares counting as fractions or that preemptive rights have not been exercised following the expiration of the subscription period for all shareholders, but only up to a maximum … Continue reading →

Capital increase against cash and noncash contributions by granting preemptive rights of up to a total of 33.5 million proposed for resolution by the General Shareholders` Meeting Debt reduction and balance sheet restructuring planned Berlin, Germany, December 19, 2012 - MagForce AG (Frankfurt, Xetra: MF6), a leading medical device company in the field of nanomedicine with a focus on oncology, today announced that the Company, with the approval of the Supervisory Board, has resolved a restructuring plan to safeguard MagForce`s long-term existence. Under the plan, the Company`s share capital is to be increased by up to 18.6 million by granting preemptive rights to shareholders against cash and noncash contributions. The new shares will have a notional value of 1.00 and will be issued for 1.80. As part of the capital increase, some of the company`s creditors are also to be granted the right to subscribe for new shares at an issue price of 1.80 per share against noncash contributions to the extent that shareholders` preemptive rights are disapplied for shares counting as fractions or that preemptive rights have not been exercised following the expiration of the subscription period for all shareholders, but only up to a maximum of 8,933,643 new … Continue reading →

ALAMEDA, Calif.--(BUSINESS WIRE)-- BioTime, Inc. (NYSE MKT: BTX), a biotechnology company that develops and markets products in the field of regenerative medicine, and its subsidiaries OrthoCyte Corporation and LifeMap Sciences reported today a means of manufacturing seven distinct types of cartilage, bone, and tendon cells from human embryonic stem cells. The paper, scheduled to be published online (ahead of print) at 1600 GMT today in the peer-reviewed journal Regenerative Medicine, characterizes the seven cell types generated using BioTimes proprietary PureStemTM technology. The study compared the novel cells with adult stem cells, known as mesenchymal stem cells (MSCs), and revealed properties of the new cell lines that are suggestive of a wide array of future applications in the practice of orthopedic medicine. In the study published today, it was demonstrated that BioTimes cells, which can be manufactured on an industrial scale, are progenitors to diverse skeletal tissues of the human body. These cell lines bear diverse molecular markers that distinguish them from each other and from MSCs. The molecular markers of BioTimes cell lines suggest the lines may therefore be applicable to the repair of different types of bone, cartilage, and tendon for the treatment of degenerative diseases afflicting these tissue … Continue reading →