Royal Palm Beach, FLA — MobiWire’s “Stock Alert Watch”: Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM), Trudy Corporation (OTCBB: TRDY) and ClickSoftware Technologies Ltd. (Nasdaq: CKSW)
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Peregrine Pharmaceuticals NEWS – February 4th, 2009
Hot Stock Alert: Peregrine Pharmaceuticals Achieves Primary Endpoint in First Stage of Phase II Lung Cancer Study
TUSTIN, Calif., — Peregrine Pharmaceuticals, Inc. (Nasdaq: PPHM) released breaking news this morning that its lead product candidate Bavituximab achieved the primary efficacy endpoint in the first stage of its ongoing Phase II clinical trial in patients with non-small cell lung cancer (NSCLC). The open-label, Simon two-stage study is designed to evaluate the safety and efficacy of the combination of bavituximab with the chemotherapy drugs carboplatin and paclitaxel in NSCLC patients. Seventeen of the 21 patients enrolled in Stage A were deemed evaluable for tumor response by the end of four treatment cycles, with six patients achieving partial tumor responses and one patient achieving a complete tumor response, according to RECIST criteria. These preliminary results exceed the pre-specified benchmark criteria established for enrolling an additional 28 patients in Stage B of this trial, up to a total of 49 patients.
Investors are urged to look for early trading activity today as the stock closed Tuesday, February 3, 2009 at $0.4299 a share.
Peregrine Pharmaceuticals, Inc., a biopharmaceutical company, engages in the development of monoclonal antibodies for the treatment of cancer and hepatitis C virus (HCV) infection. It develops a portfolio of clinical and preclinical stage monoclonal antibody-based targeted therapeutics, including Bavituximab that is in a multi center Phase II clinical trial for the treatment of solid tumors and HCV infection. The company has a third Phase I clinical study to evaluate the safety, pharmacokinetics and anti-viral activity of bavituximab over a longer dosing period in patients co-infected with HCV and the human immunodeficiency virus.
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Trudy Corporation NEWS – February 4th, 2009
Merger & Acquisition News: Trudy Corporation Enters Letter of Intent to be Acquired by PCS Edventures
BOISE, ID — PCS Edventures (OTCBB: PCSV) and Trudy Corporation (OTCBB: TRDY) are pleased to release breaking news this morning that the two companies have entered into a letter of intent providing for PCS to acquire substantially all of the assets and assume certain liabilities of Trudy Corporation. Trudy is a publisher of children’s educational story and novelty books, audiobooks and plush toys, doing business as Soundprints, Studio Mouse and Music for Little People.com and is located in Norwalk, Connecticut.
Trudy Corporation engages in publishing children’s books and audiobooks, as well as in designing, manufacturing, and marketing children’s musical instruments, electronics, and plush stuffed animals.
PCS Edventures!.com, Inc. engages in the design, development, and marketing of educational learning labs bundled with related technologies and programs to the K-12 market worldwide.
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ClickSoftware NEWS – February 4th, 2009
Small Cap Alert: ClickSoftware Reports Increased Revenue Growth and Record Net Profits for 2008
BURLINGTON, MA, – ClickSoftware Technologies Ltd. (Nasdaq: CKSW), the leading provider of mobile workforce management and service optimization solutions, today announced results for the fourth quarter and fiscal year ended December 31, 2008.
Investors are urged to look for early trading activity today as the stock closed Tuesday, February 4th, 2009 at $2.35 a share.
ClickSoftware Technologies, Ltd. provides workforce and service management software products and solutions. It offers service optimization suite of solutions, which include ClickSchedule that enables companies to optimize service scheduling and routing by balancing customer, service and asset resources, and organizational preferences.
For the fourth quarter ended December 31, 2008, total revenues were $14.1 million, with net income of $5.0 million, or $0.17 per share. This compares with revenues of $10.4 million and net income of $0.5 million, or $0.02 per share, for the same period last year, and revenues of $15.7 million and net income of $2.7 million, or $0.09 per share, for the third quarter of 2008.
Software license revenues for the fourth quarter of 2008 were $5.6 million, while service and maintenance revenues were $8.5 million. This compares to software license revenues of $3.2 million and service and maintenance revenues of $7.2 million for the same period last year, and $7.2 million and $8.5 million, respectively, in the third quarter of 2008.
Gross profit in the fourth quarter of 2008 was $10.0 million, or 71% of revenues, compared to $6.7 million, or 64% of revenues, in the same period last year, and $10.6 million, or 68% of revenues, in the third quarter of 2008.
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