Wall Street News Alert's "stocks to watch" this morning are:
TechniScan Inc. (OTCBB: TSNI), Gilead Sciences, Inc. (NASDAQ:
GILD), Neurocrine Biosciences, Inc. (NASDAQ: NBIX) and Amgen
(NASDAQ: AMGN).
Yesterday after the markets closed, TechniScan Inc. (OTCBB:
TSNI) issued a press release announcing that it has launched a
clinical study in Rochester, Minn., its third new clinical site to
commence in the last five months.
TechniScan's Warm Bath Ultrasound (WBU) system is designed to
capture three-dimensional images of the breast as a woman lies
prone on a table and state-of-the-art ultrasound technology is used
in a warm water tank to image the breast anatomy. Its revolutionary
new method of imaging produces information and whole breast images
that are not available with traditional reflection ultrasound or
whole breast ultrasound systems presently on the market.
To date, TechniScan has scanned over 800 women in clinical
studies in Salt Lake City and Ogden, Utah as well as Orange and San
Diego, California. These past clinical studies focused on key
factors like image quality, repeatability, and establishing
protocols for testing baseline values for positive and negative
predictive capabilities of the system.
Building on this prior clinical work, the current clinical
studies in Freiberg, Germany, San Diego and Rochester will involve
at least 500 women with various types of breast lesions. Major
objectives of the 12-month study will be to compare WBU to
conventional breast sonography and MRI as well as to examine the
WBU system's ability to differentiate between normal, benign and
malignant breast tissue. These clinical studies in the U.S. are
funded by a Small Business Innovation Research Grant (SBIR) from
the National Cancer Institute.
"Overall we expect to image another 600 or more patients in our
clinical program over the next 6-12 months," said Robinson. "These
studies will provide us with critical information about the
clinical utility and application of the WBU capabilities."
"Our vision is to begin to create a database of thousands of
breast images as well as the underlying and related image data,"
said Robinson. "With complete anonymity, women can contribute their
mammograms, breast MRI's and WBU images along with related
pathology and other information to provide researchers around the
world an unprecedented opportunity to study breast cancer.
TechniScan's imaging network will also allow timely and efficient
collaboration of patient's records for her medical team's use. The
concept is simple, yet revolutionary within the medical system and
represents a key competitive advantage of the TechniScan
system."
For complete details, including share structure, please refer to
yesterday's press release.
The stock closed yesterday at Eighty Two cents a share.
For an in-depth profile of TechniScan,
visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=TSNI_061610.
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Gilead Sciences, Inc. (NASDAQ: GILD) up 0.7% on 10.7 million
shares traded. Gilead Sciences is a biopharmaceutical company that
discovers, develops and commercializes innovative therapeutics in
areas of unmet medical need.
Neurocrine Biosciences, Inc. (NASDAQ: NBIX) up 14.2% on 6.6
million shares traded. Neurocrine Biosciences, Inc. is a
biopharmaceutical company focused on neurological and endocrine
diseases and disorders.
Amgen (NASDAQ: AMGN) up 0.1% on 4.7 million shares traded. Amgen
discovers, develops, manufactures and delivers innovative human
therapeutics.
Market Commentary: Drivers are seeing slightly higher retail
gasoline prices. Pump prices on Wednesday rose 0.4 cent to $2.70
per gallon, according to AAA, Wright Express and Oil Price
Information Service. Prices are 1.3 cents lower than a week ago and
down 16.7 cents from a month ago. They are just 2.6 cents higher
than year-ago levels.
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