Power3 Medical Products (OTCBB: PWRM.OB)

Through independent and collaborative research, Power3 is continually building its portfolio of intellectual property. This IP can then be licensed to pharmaceutical companies, diagnostic test manufacturers, and other biotech companies for the development of commercial applications. Power3′s IP pipeline includes applications in:

*Breast Cancer
*Chemotherapeutic Drug Resistance
*Alzheimer’s Disease
*Gastrointestinal Disease
*ALS (Lou Gehrig’s Disease)
*Metabolic Syndrome
*Parkinson’s Disease
*Drug Targeting

Power3 quickly and accurately identifies patterns of proteins associated with disease and applies them to screening, diagnostics and drug targets. Once validated through clinical trials, the Company benefits financially from investing partnerships or licensing arrangements for these protein biomarkers and their applications, including upfront payments, licensing fees, milestone payments and royalties. Each validated biomarker, pattern, new diagnostic test, or drug target, may have a potential market value from $10 – $100 million plus.

DARA BioSciences, Inc. (Nasdaq:DARA) On May 17, 2010, DARA BioSciences, Inc. issued a press release announcing that it had commenced an underwritten public offering of $10 million of units comprised of shares of common stock and warrants. DARA has decided to indefinitely suspend the offering, effective immediately. Several important factors have influenced this decision. Principally, SurgiVision, Inc, of which DARA is the second largest shareholder after Boston Scientific Corporation (BSX), announced it had received clearance from the Food and Drug Administration (FDA) to market its ClearView System. On June 16, 2010 SurgiVision filed an Amendment to its S-1 Registration Statement containing additional information regarding its planned Initial Public Offering (IPO). In addition, high value licensing transactions in the pharmaceutical industry have accelerated with deals being consummated at earlier stages of development with significant upfront payments. The Board of Directors, management, and company advisors have concluded that given these positive developments and uncertain and volatile market conditions, raising capital at this time would pose unwarranted dilution to our shareholders.

Chelsea Therapeutics International, Ltd. (Nasdaq:CHTP) announced the completion and favorable outcome of an independent Data Monitoring Committee (DMC) review of the safety and efficacy data from approximately half the target enrollment in Chelsea’s Phase II trial of droxidopa in fibromyalgia.

The purpose of this scheduled DMC meeting was to review the efficacy of each dose group and determine if the efficacy data supported dropping underperforming arms in order to increase the power in those arms most likely to demonstrate a clinically relevant therapeutic benefit. Following their assessment of each of the 12 arms using the study’s primary endpoint, a reduction in pain as measured by the Short Form McGill Pain Questionnaire, the DMC recommended that 7 of the 12 arms of the trial be continued to completion. This recommendation was based solely on their efficacy analysis, as there were no observed safety concerns associated with any arm of the study. As a result of this recommendation, the study will now focus primarily on multiple doses of droxidopa in combination with 50mg carbidopa.

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