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Thursday November 5, 2009

DrStockPick.com Stock Report!

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Cavitation Technologies, Inc. (OTC Bulletin Board: CVAT) announced recently that it has signed Miura Engineering Co., Ltd. Tokyo, Japan (www.miura21.co.jp) as its new agent to serve markets in Japan for CTI’s Nano-Cavitation Process Systems. Miura is a leading Engineering Company specialized in Edible Oil Processing Plants in the Far East. Last week CVAT reported a 3-for-1 forward stock split.

At the 2nd Asia Pacific Contact Center Association Leaders and CCAM Expo this week in Kuala Lumpur, Malaysia, Convergys

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Amarin Corporation plc announced that it had secured financing of $3.0 million in the form of convertible bridge loan notes sold to several institutional investors. The financing consists of a short-term note and warrants, and will allow the company to operate through the end of September 2009.

The notes pay interest at a rate of 8%, mature on September 30, 2009, and are convertible at the option of the holder into the company’s American Depositary Shares. The warrants are for five years and are also convertible into American Depositary Shares based on a price to be determined in the future.

Amarin Corporation plc is attempting to place more permanent financing and has signed a non-binding agreement with several investors for up to $55 million in financing. The company has commitments for a little more than 50% of this amount.

Amarin Corporation plc is a biotechnology company that is

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Ardea Biosciences' Gout Drug Shows Promising Results  Positive results from phase II a and phase I trialsRDEA594 is Ardea Biosciences' (RDEA) lead drug candidate for the treatment of gout. The company recently announced positive interim results from an ongoing phase IIa, proof-of-concept study of RDEA594 for the treatment of hyperuricemia and gout, as well as additional positive results from completed phase I studies of RDEA594 in normal, healthy volunteers.In late April 2009, the company initiated a placebo- and active-controlled, proof-of-concept study of RDEA594 in gout patients with hyperuricemia (uric acid = 8 mg/dL). This study is now fully enrolled and the majority of the 20 patients have completed the first week of dosing. Patients received RDEA594 200 mg once daily (QD) for the first week, followed by 400 ...