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Going beyond the minimum requirements of subcutaneous drug delivery, the Spring Universal offers best-in-class features such as a hidden, auto-retractable needle, 360° connector, and smallest one-click, all-in-one inserter.

D. Medical Industries Ltd. (NASDAQ:DMED), a medical device company engaged through its subsidiaries in the research, development, manufacture and sale of innovative products for diabetes treatment and drug delivery, announced today that the U.S. Food and Drug Administration ("FDA") has granted its subsidiary, Spring-Set Health Solutions Ltd. (formerly "Medx- Set Ltd."), 510(k) clearance to market its Spring™ Universal Infusion Sets (formerly "Lighty DD Infusion Sets") in the United States.

The U.S. insulin pump and disposables market is large and growing. According to the American Diabetes Association, approximately 26 million diabetes patients live in the United States, constituting 8.3% of its population. Of those, experts estimate that 5.4%, or 1.4 million, suffer from Type 1 diabetes and 350,000 currently rely on insulin pump therapy. A recent U.S. Centers for Disease Control and Prevention report estimated that 1 in 3 Americans will have diabetes by 2050 if current trends continue.

The core of the Spring Universal Infusion Set is the proprietary Detach-Detect mechanism. In the case the base of the infusion set detaches from the user's body, a blocking mechanism is triggered which, in turn, creates an occlusion. This evokes an occlusion alarm in an insulin pump. This unique feature enables exceptional reliability for continuously controlled and monitored insulin delivery, providing additional safety and peace of mind - especially for athletes and the parents of pediatric patients.

While nothing can completely eliminate the intrusive feeling of the needle's insertion in the daily experience of the person with insulin-dependent diabetes, the Spring Universal Infusion Set has a number of incomparable features specifically focused on reducing the sensation of pain and discomfort. The sensation of pain is controlled by a combination of factors - the needle thickness (gauge), needle shape, speed of insertion, vibration, and tissue friction. Clocked at 12 m/sec, the all-in-one Spring Universal Infusion Set is currently the fastest available insertion mechanism. Besides the convenience of not having to pre-cock the trigger mechanism, the two springs (one responsible for the insertion, and the other for auto-retraction of the needle) enable lightning speed and accuracy. The base, which is attached to the body prior to insertion, enhances insertion stability, decreasing the possibility of the needle and cannula bending during insertion as well as reducing backfire vibration and sensation. The 28-gauge insertion needle is one of the thinnest available. It features a trocar tip, which allows for the speed and penetration trajectory similar to a shooting arrow. Most of the other insertion mechanisms currently available in the market use the five-edge bevel needle, which is typically recommended for slow intravenous insertion since each one of the five edges creates a more painful incision and the hole traps the tissue. In comparison, the trocar tip creates a fast and precise incision allowing for the cannula to smoothly enter without scarring the tissue. The insertion sensation is additionally soothed by the fact that the Teflon cannula (rather than metal needle) is pre-lubricated with medical silicone fluid, and the inserter needle is retracted at a spiral trajectory, further reducing the friction.

"This is design innovation with real value to all stakeholders in diabetes management," said Zoe Myers, a long-time insulin pump user and D. Medical's Chief Commercial Officer. "Why is the Spring Universal attractive to every insulin pump user? Ask anyone with insulin-dependent diabetes: Would you rather not look at a needle and would you like the peace of mind of knowing that your insulin is being accurately delivered?"

Efri Argaman, D. Medical's Chief Executive Officer, commented, "Launching our Spring Universal Infusion Sets in the United States, which represents an estimated annual market of US$ 730 million for infusion sets alone, via multiple distributors will allow us to introduce and promote the "Spring" brand name in the world's largest market for insulin delivery products at relatively low cost and low risk. With mass production for this important product already in place through our subcontractor, UPG (Suzhou) EPZ Co. Ltd., we expect the U.S. commercial launch to commence later this quarter."

Each share of Series 12 Preferred Stock is convertible at the option of the holder, at any time during its existence, into approximately 2,857 shares of common stock at a conversion price of $0.35 per share of common stock, for a total of 45,634,286 shares of common stock.

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(Source: PR Newswire )

PPR and Volcom, Inc. (NASDAQ: VLCM) today jointly announced that they have signed a definitive merger agreement whereby a new wholly owned subsidiary of PPR will make a cash tender offer to acquire 100% of the shares of Volcom for a price of $24.50 share, for a total equity value of $607.5 million and an enterprise value of $516.1 million. The acquisition represents an important transaction for PPR in its Sport & Lifestyle Group, providing PPR with a leading active apparel brand with a heritage in skateboarding, snowboarding, and surfing.

( Source: Reuters )

Teva (NASDAQ:TEVA) said the deal was worth about $6.8 billion on an enterprise basis.

The deal is worth about $6.2 billion, based on the number of Cephalon shares outstanding, according to Thomson Reuters data.

Stock of Cephalon is up more than 5 % to close to $ 81 in pre market trading while, stock of the TEVA pharmaceuticals is up more than 4% to $47.67 in pre market trade.

( Source: Thomson Reuters)

Osama bin Laden was finally found in a fortress-like three-story building near Pakistan's capital Islamabad.

They were led to the fortress-like three-story building after more than four years tracking one of bin Laden's most trusted couriers, whom U.S. officials said was identified by men captured after the Sept. 11, 2001 attacks.

"Detainees also identified this man as one of the few al Qaeda couriers trusted by bin Laden. They indicated he might be living with or protected by bin Laden," a senior administration official said in a briefing for reporters.

Bin Laden was finally found - more than 9-1/2 years after the 2001 attacks on the United States - after authorities discovered in August 2010 that the courier lived with his brother and their families in an unusual and extremely high-security building, officials said.

"When we saw the compound where the brothers lived, we were shocked by what we saw: an extraordinarily unique compound," a senior administration official said.

"The bottom line of our collection and our analysis was that we had high confidence that the compound harbored a high-value terrorist target. The experts who worked this issue for years assessed that there was a strong probability that the terrorist who was hiding there was Osama bin Laden," another administration official said.

The home is in Abbotabad, a town about 35 miles (60 km) north of Islamabad, that is relatively affluent and home to many retired members of Pakistan's military.

The building, about eight times the size of other nearby houses, sat on a large plot of land that was relatively secluded when it was built in 2005. When it was constructed, it was on the outskirts of Abbotabad's center, at the end of a dirt road, but some other homes have been built nearby in the six years since it went up, officials said.

Walls Topped With Barbed Wire

Intense security measures included 12- to 18-foot (3.6 meters to 5.5 meters) outer walls topped with barbed wire and internal walls that sectioned off different parts of the compound, officials said. Two security gates restricted access, and residents burned their trash, rather than leaving it for collection as did their neighbors, officials said.

Few windows of the three-story home faced the outside of the compound, and a terrace had a seven-foot (2.1 meter) privacy wall, officials said. "It is also noteworthy that the property is valued at approximately $1 million but has no telephone or Internet service connected to it," an

administration official said. "The brothers had no explainable source of wealth."

U.S. analysts realized that a third family lived there in addition to the two brothers, and the age and makeup of the third family matched those of the relatives - including his youngest wife - they believed would be living with bin Laden.

"Everything we saw, the extremely elaborate operational security, the brothers' background and their behavior and the location of the compound itself was perfectly consistent with what our experts expected bin Laden's hide-out to look like," another Obama administration official said.

A small U.S. team conducted a helicopter raid on the compound on Sunday afternoon, officials said. After 40 minutes of fighting, bin Laden and an adult son, one unidentified woman and two men - identified as the courier and his brother - were dead, officials said, and Obama was preparing a television address to the nation.

Abbotabad is a popular summer resort, located in a valley surrounded by green hills near Pakistani Kashmir. Islamist militants, particularly those fighting in Indian-controlled Kashmir, used to have training camps near the town.

After bin Laden was killed in a raid by U.S. forces in Pakistan, senior administration officials said the body would be handled according to Islamic practice and tradition. That practice calls for the body to be buried within 24 hours, the official said. Finding a country willing to accept the remains of the world's most wanted terrorist would have been difficult, the official said. So the U.S. decided to bury him at sea.

The official, who spoke Monday on condition of anonymity to discuss sensitive national security matters, did not immediately say where that occurred.

When investors see words China and company's IPO together, most of them are blindly get in to those scripts ignoring risks involved if any. It was true if we look at the initial offerings of Internet search engine Baidu Inc and online video hosting site Youku.com. as they have logged triple digit percentage gain after listings. Investors are expecting same response for another upcoming chinese offering this week Renren Inc, a social networking site. Most of the investors are lured by the words of "Chinese" and "Social Networking".

Students gather at the fence on the north side of the White House, pose for photographs, chant "U.S.A.! U.S.A.!" and sing the Star Spangled Banner while U.S. President Barack Obama announces the death of Osama Bin Laden.

U.S. stock index futures added to gains, while U.S. Treasury yields rose across the curve after U.S. officials said the body of Al Queda's elusive leader has been recovered by U.S. authorities.

"By lowering national security risks overall, this is likely to bolster equity markets and lower US Treasury prices in a reverse flight to quality movement," said Mohamed El-Erian, Chief Executive Officer and Co-Chief Investment Officer at PIMCO, which oversees $1.2 trillion assets.

"Oil markets are likely to be the most volatile given their higher sensitivity to the tug of war between lower risk overall and the possibility of isolated disturbances in some parts of the Middle East and central Asia," he said.

U.S. crude fell 1.3 percent to $112.39, while U.S. stock index futures rose 0.9 percent.

U.S. Treasuries fell, pushing yields higher across the curve. The 10-year yield climbed 2.4 basis points to 3.314 percent.

Earlier, a 10 percent slide in silver highlighted worries that other overbought assets may be vulnerable to sudden sell-offs.

Financial markets in China, Hong Kong, Singapore, Malaysia and Thailand were all shut on Monday for public holidays, a factor seen contributing to thin trading conditions that could exaggerate price action.

Japan's Nikkei average rose 1.0 percent, South Korea's KOSPI put on 0.9 percent, but Australia's S&P/ASX 200 index slipped 0.5 percent.

MSCI's gauge of Asian stocks excluding Japan struggled to make further gains, having reached a three-year peak last week. It was up 0.08 percent at 506.62.

Silver skidded about 10 percent to a low of $42.58 , well off a record high of $49.51 set on Thursday. Gold fell to $1,546 from an all-time high of $1,575.79.

"If adjustment is confined to just silver, it won't be a big deal," said Koji Fukaya, chief strategist at Credit Suisse in Tokyo.

"But if this moves spills over to other commodities, that could certainly hurt commodity currencies, such as the Australian dollar and the Canadian dollar. And we could see a rebound in the U.S. dollar."

The U.S. dollar fell to a fresh three-year low against a basket of major currencies as investors sought higher-yielding assets with the U.S. central bank in no hurry to tighten its ultra-loose monetary policy.

This has helped the high-flying Australian dollar extend gains to a fresh 29-year high above $1.1000. The euro held near a 16-month high around $1.4881 set last week.

With both the Federal Reserve and Bank of Japan maintaining ultra-loose monetary policies, investors have been seeking higher yielding assets in many fast-growing emerging markets in Asia.

This has prompted many Asian authorities to tighten policy as inflationary pressure grows. Data on Sunday showed China's policy actions to rein in prices appeared to be taking effect, with manufacturing growth slowing in April.

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 ( Source: Reuters )

NATO powers rejected Moammar Gadhafi's call for a cease-fire and negotiations on Saturday, saying they need "actions not words," and aid ships were prevented from docking in a besieged coastal city while the alliance swept the port for mines.
Human Rights Watch said two mines had been destroyed by NATO forces combing the Misrata port while a third was being closely monitored. The alliance did not give details but said the process would take time.

"Mine clearance is a precise and highly skilled task, so it will take time to do this in a safe and effective way," NATO spokeswoman Carmen Romero said.

NATO also bombed a government complex that included the state television building in Tripoli. The Libyans alleged the strike was meant to kill Gadhafi as his address was broadcast live on state TV, but the TV building was not damaged and Gadhafi spoke from an undisclosed location.

In a rambling pre-dawn speech that lasted for more than an hour, Gadhafi appeared both subdued and defiant, repeatedly pausing as he flipped through handwritten notes.

"The door to peace is open," Gadhafi said, sitting behind a desk. "You are the aggressors. We will negotiate with you. Come, France, Italy, U.K., America, come, we will negotiate with you. Why are you attacking us?"



He said Libyans have the right to choose their own political system, but not under the threat of NATO bombings.

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Rebel leaders have said they will only lay down their arms and begin talks on Libya's future after Gadhafi and his sons, some of whom hold powerful positions in the country, step aside. Gadhafi has repeatedly refused to resign.

"Why are you killing our children? Why are you destroying our infrastructure," Gadhafi said, while denying that his forces had killed Libyan civilians. Even as he called for a cease-fire, he appeared to dismiss the possibility of one, saying his enemies were al-Qaida operatives who did not understand what a truce meant.

He promised the young rebels fighting his regime that if they gave up their guns, he would give them cars and money, saying they were children "tricked" by NATO promises.

In Brussels, a NATO official said the alliance needed "to see not words but actions," and vowed NATO would keep up the pressure until the U.N. Security Council mandate on Libya is fulfilled. The alliance has promised to continue operations until all attacks and threats against civilians have ceased, all of Gadhafi's forces have returned to bases and full humanitarian access is granted.

The NATO official, who spoke on condition of anonymity according to policy, noted that Gadhafi's forces had shelled Misrata and tried to mine the city's port just hours before his speech. The city of 300,000 is the main rebel stronghold in western Libya and has been under siege for two months.

With the rebels holding much of eastern Libya, Gadhafi needs to consolidate his hold over the western half, including Misrata and a mountainous region on the border with Tunisia.

"The regime has announced cease-fires several times before and continued attacking cities and civilians," said the official who could not be named under standing regulations. "All this has to stop, and it has to stop now," the official said, adding that a cease-fire had to be "credible and verifiable."

The British Foreign and Commonwealth Office said Gadhafi needs to stop besieging cities and attacking the Libyan people before any political transition can be achieved.

Italian Foreign Minister Franco Frattini didn't mention the truce offer in an interview Saturday on Italian state TV but reaffirmed the need for NATO's intervention because of the "horror" perpetrated by Gadhafi's regime.

The Italian Foreign Ministry is hosting a one-day summit on Libya next Thursday, bringing together the main international players in the six-week NATO military campaign, including U.S. Secretary of State Hillary Rodham Clinton.

On Friday, NATO intercepted boats laying anti-ship mines in the waters near Misrata. A NATO warship could be seen in the distance while a smaller boat circled the harbor's entrance on Saturday.

Rebel security officials said NATO ships had been combing the waters since about 1 a.m. One of the mines was destroyed nearly two miles away from the port, causing a huge explosion that sent water and a huge plume of gray smoke into the sky, the officials said.


The port is Misrata's only lifeline, and hundreds of desperate migrants and residents waited for news that it could reopen.

"All the humanitarian missions are stopped now because they can not get any humanitarian aid inside," said Fadl Moukadem of the international aid group Mercy Corps.

Peter Bouckaert of Human Rights Watch said the International Organization of Migration and UNICEF had boats waiting to go to Misrata but NATO wanted to destroy a third mine before reopening the harbor.

Moussa Ibrahim, the Libyan government spokesman, said he was unaware of the attempted mine-laying. However, he said the government is trying to prevent weapons shipments from reaching the rebels by sea. Asked whether aid vessels would also be blocked, he said any aid shipments must be coordinated with the authorities and should preferably come overland.

Gadhafi's forces have repeatedly shelled the port area and his ground troops are deployed on the outskirts of Misrata, after having been driven out of the downtown area by the rebels last week.

On Saturday, heavy fighting continued in the southern part of the city near the airport and frequent large booms could be heard in downtown from that part of town.

Hassan al-Bari, 21, who lay in the hospital screaming from pain from a three inch gash on his cheeks, said Gadhafi's forces were just outside the airport. He was wounded in a mortar strike there.

The hospital contained two dead and four injured from fighting.

( Source Associated Press )