Wall Street News Alerts stocks to watch this morning are: Southwestern Medical Solutions, Inc. (OTC: SWNM), Guidant Corporation (NYSE: GDT), Johnson & Johnson (NYSE: JNJ) and BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX).
Once again, Southwestern Medical Solutions, Inc. (OTC: SWNM) may be on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it is applying for, and expects to receive, CLIA (Clinical Laboratory Improvement Amendments) waived Status concerning its proprietary Labguard testing & diagnostics device.
News of the companys expected waived Status should get the attention of investors! The 1998 CLIA law specified that laboratory requirements be based on the complexity of the test performed, and established provisions for categorizing a test as waived. Management believes that Southwestern Medical Solutions Labguard on-site collection & diagnostic testing devices will meet all of the requirements necessary, e.g. simplicity, safety, etc., to be waived from regulatory oversight in accordance with the law. Continue to watch this company! CLIA-Waived status is expected to broaden the market for Labguard and enhance its potential for widespread sales & distribution. The waived status signifies that the test is simple enough to be used by laboratory and non-laboratory personnel alike, at point-of-care sites such as treatment centers, occupational medicine departments, hospital laboratories, physicians offices, probation/parole agencies, prisons, and the workplace.
Stage 1 and 2 Labguard Systems -- will provide the most advanced diagnostic testing modality available to date. The proprietary Labguard Stage 2 system will be the first 9 panel, single-step test for diagnostic detection in a self contained device. No other on-site testing product offers the same features and benefits as Labguard.
Investors should continue to monitor the progress of Southwestern Medical! Last week, the company issued a statement that the initial manufacturing of the Labguard system has been successfully completed and that the company is now in the process of completing its volume packaging and labelling of the product, and readying it for sales and shipment to customers. In addition, the company also states that it is poised to bring this product to market through its many distributor alliances including international markets and OEM license of the product to two of the largest laboratory distributors in the U.S.
Prior to the latest press release, the stock closed yesterday at around Twelve cents a share.
For an in-depth profile of Southwestern Medical Solutions, visit http://www.thenewssvc.com/SWNM011706.html
In case you are not familiar with the company: Technology-led Southwestern Medical Solutions, Inc. is a development-stage company targeted at the multibillion-dollar medical devices business. Through internal Research & Development, as well as the acquisition of proprietary technology developed by others, SWMS intends to provide the healthcare industry with significant advancements in medical supplies and equipment. These technological advancements will focus upon fulfilling the needs for higher safety, better ease-of-use, and much-needed economic efficiencies within the healthcare industry.
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Stocks showing interesting activity yesterday at the close of the regular trading day were: Guidant Corporation (NYSE: GDT) up 7.5% on 18.9 million shares traded, Johnson & Johnson (NYSE: JNJ) down 0.8% on 9.6 million shares traded and BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) up 17.7% on 19.1 million shares traded.
Commentary:
In economic news, the Federal Reserve said that manufacturing output was down for the northeast with the Empire state off 20.1 from 26.3 in December. Industrial output nationally increased by 0.6% nationally while capacity utilization was at 80.7%. These numbers are important as the FOMC looks at them closely in determining inflationary trends. These numbers are still pointing to an expanding economy," Stated Sonja Rudd in Wall Street News Alerts daily commentary continued at: http://www.WallStreetNewsAlert.com.
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