Stocks To Watch: Amedica Corporation (NASDAQ:AMDA), salesforce.com, Inc. (NYSE:CRM), CytRx Corporation (NASDAQ:CYTR)

Boston, MA 10/14/2014 (wallstreetpr) – Silicon nitride ceramics equipment and materials manufacturer Amedica Corporation (NASDAQ:AMDA), announced on 13th October that company’s former Chairman of the Board of Directors, Max E. Link, Ph.D., had passed away. Dr. Link was said to be 74 years of age at the time of his unexpected death. Amedica Corporation (NASDAQ:AMDA) current Chairman and CEO Sonny Bal in his condolence message indicated that the entire company was saddened by the departure of its former mentor and advisor. Dr Link had been serving the company board since October 2013 and had retired from the company’s services just couple of months back this year.

The software market disrupter salesforce.com, inc. (NYSE:CRM) announced on 13th October that it is launching a new cloud based analytical platform called Wave. The firm claims that the newly introduced BI platform would suit the needs of any business, irrespective of the operation size or reporting needs. It has projected the new platform as a easy to access platform which would allow all employees to dig for and seek insights into data stored in enterprise data warehouse. It claims to provide these data points by sourcing data irrespective of any data source. The launch happened at Dreamforce 2014, which saw the participation of nearly “30 Wave ecosystem partners.” The partner companies included the likes of Accenture, Deloitte Digital and Informatica.

Biopharmaceutical firm CytRx Corporation (NASDAQ:CYTR) announced the commencement of operations at its newly set up laboratory in Freiburg, Germany. The facility would accelerate the drug maker’s efforts to design and develop new drugs which are linked to chemotherapeutic agents designed to treat tumours. The facility would be led by Felix Kratz, Ph.D. He is the Vice President of Drug Discovery at the firm. He also is the proud inventor of drug aldoxorubicin. He will be assisted by Andre Warnecke, Ph.D. in the research efforts.

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Published by Duncan Oleinic

Duncan Oleinic is from New Yourk. After graduating with a degree in physics, he began his career as an analyst in a broking firm. Through this experience he was able to advance to the role of correspondent for a U.S based financial news provider, where he worked from 2001 to 2007. He subsequently joined a merchant banking firm as a financial analyst focused on valuing unlisted companies in the sub-continent. Over the course of his two years here, he performed valuations of several media companies which were later acquired by peers.

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