Breaking News Alert: OCOL! NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
SOURCE:
Wall Street Press Wire
2008-04-02 05:43:00
Breaking News Alert: OCOL!
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
MIAMI, FL–( EMWNews – April 2, 2008) – Wall Street Press Wire
(www.WallStreetPressWire.com) is pleased to highlight its “stocks on the
move” for Tuesday. Our list includes: Oncolin Therapeutics (
Cell Genesys, Inc. (
Lehman Brothers Holdings Inc. (
Having just received an intermediate term price target of $1.45, Wall
Street Press Wire is initiating its in-depth coverage of Oncolin
Therapeutics (
discovery, development and commercialization of novel selective anticancer
therapies.
Tuesday after the markets closed, the company issued an important press
release announcing that it has obtained an exclusive worldwide right to
option patents covering the composition and use of Genistein analogs for
cancer treatment.
This news should be welcomed by the company and its investors! The
technology was discovered and patented by the Pharmaceutical Research
Institute of Warsaw Poland and involves compounds that appear to be novel
antimicrotubule agents. Given the widespread success of antimicrotubule
therapies in curative and palliative cancer treatment, the microtubule is
perhaps the single best cancer target identified to date and continues to
be recognized as a strategic target against which to direct new development
efforts.
The approved drugs from this mechanistic class include the Vinca alkaloids
such as vincristine, the taxanes with paclitaxel and docetaxel and the
epothilones with its first drug recently approved by Bristol Myers. Each of
these different types of compound classes appear to interact at different
parts of the microtubule and have different spectrums of activity and show
effectiveness against resistant disease.
“We are happy to have obtained this exclusive agreement on what may be
another unique antimicrotubule class of compounds. We will work closely
with both the Pharmaceutical Research Institute of Warsaw Poland and the
MD Anderson Cancer Center to further evaluate the compounds anticancer
activity to continue to advance a lead compound into clinical
development,” said Dr. Donald Picker, President and COO of the company.
Other recent news that should be of interest of investors includes:
Oncolin Announces Its Research Program Receives Peer Reviewed National
Institute of Health Grant of $179,000.
Oncolin has recently announced it has obtained an exclusive option
agreement with The University of Texas M.D. Anderson Cancer Center which
provides the Company the right to negotiate a license for five technologies
relating to the treatment of various cancers over a nine month period.
Oncolin has recently announced a Joint Development Agreement with Houston
Pharmaceuticals to assist the Company in obtaining a license for certain
patents.
Wall Street Press Wire’s in-depth profile for Oncolin Therapeutics is
available at: http://www.wallstreetpresswire.com/page.php?BN_UID=38
The stock closed Tuesday at Forty Five cents a share.
Cell Genesys, Inc. (
Cell Genesys is focused on the development and commercialization of novel
biological therapies for patients with cancer.
InterMune, Inc. (
InterMune is a biotechnology company focused on the research, development
and commercialization of innovative therapies in pulmonology and
hepatology.
Lehman Brothers Holdings Inc. (
traded. Lehman Brothers, an innovator in global finance, serves the
financial needs of corporations, governments and municipalities,
institutional clients, and high net worth individuals worldwide.
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