In today’s Bulldog update of technology news: Cempra shares fall on drug results; InnovateHER SBA challenge; another security flaw in Adobe Flash.
Cempra shares fall on drug news
Chapel Hill based Cempra (NASDAQ:CEMP) saw its shares tumble 37 percent to $16.96, down $9.82 in midday trading. Investors apparently focused on side effects of its late-stage potential treatment for community acquired bacterial pneumonia.
Although the drug, solithromycin met the FDA’s primary objective of statistical non-inferiority against Bayer AG’s moxifloxacin, Cempra reported it had more side effects than that drug with 34.3 percent reporting them as opposed to 13.1 percent for the Bayer product.
The Motley Food, however, thinks the drop is unwarranted. See its story here: http://tinyurl.com/qzeyv78
Funding opportunity for Durham startups
The InnovateHER Challenge is a national SBA competition to provide an opportunity for entrepreneurs to showcase products and services that benefit women and families.
One winner from the Triangle area will be selected to compete nationally, and up to 10 teams will pitch their ideas in Washington D.C. for the final round.
The Durham round is being hosted by Cognitect, and applications will be accepted through 10/30. Rules and online application are available at http://cognitect.com/innovateher2016.
Adobe Flash says security flaw affects all versions
Adobe says a new security flaw in Adobe Flash, which has been plagued with them, has been found and affects all versions running on Windows, Macs, and Linux systems.
According to reports, the flaw is already being used in phishing attacks by cyberespionage group Pawn Storm against governments.
The company says the security hole could allow attackers to take control of an affected system. Trend Micro researchers discovered the vulnerability this week.
The company plans to make an update available on Oct. 19.
