Avenova Intrigues NovaBay Pharmaceuticals Inc. Investors (NYSEMKT:NBY), Tejon Ranch Company (NYSE:TRC)
Emeryville, California-based biopharmaceutical company, NovaBay Pharmaceuticals, Inc. (NYSEMKT:NBY) signed a new distribution agreement with Ophthalmic Instrument Company which enhances the company’s availability to market Avenova to patients throughout New Zealand. Avenova is the only lid & lash product containing Neutrox and may help alleviate symptoms of meibomian gland dysfunction (MGD) due to its capability of reducing inflammation of bacteria within the eyelid glands. President and CEO Ron Najafi, Ph.D., will present at the Rodman & Renshaw 17th Annual Global Investment Conference Thursday, September 10, 2015 at 3:25 p.m. Eastern time (12:25 p.m. Pacific time). Live webcast and replay of NovaBay presentation will be available on the company’s website at http://novabay.com/investors/events.
The company's second-quarter (Q2 2015) financial results indicated Avenova sales increase 73% to $806,000 versus Q1 2015. Its Q2 2015 net sales totaled $1 million. The company's received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market intelli-Case™. intelli-Case™ is a easy-to-use disinfection system for those who wear contact lenses.
Multiple scientists have estimated that the contact lenses global market will reach $11.7 billion by 2015. Concerning 2010 research, the average age of contact lens wearers globally was 31 years of age and 2/3 of wearers were female.
Learn more about NovaBay Pharmaceuticals, Inc. (NYSEMKT:NBY) at http://novabay.com/
Tejon Ranch, California-based diversified real estate development and agribusiness company, Tejon Ranch Company (NYSE:TRC) posted second-quarter (Q2 2015) financial results. The company's Q2 2015 earnings totaled $406,000. Its Q2 2015 revenue totaled $7 million. The company believes the variability of its quarterly and annual operating results will continue during 2015 due to its farming and real estate activities and to the majority of projected water sales for 2015 being completed through Q2 2015.
Learn more about Tejon Ranch Company (NYSE:TRC) at http://www.tejonranch.com
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