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Marshall Edwards Drug Gets Approval, TeamStaff Gets Contract, Peregrine Net Loss Shrinking

ProPennyPick Update: This afternoon’s focus is on Marshall Edwards, MSHL, TeamStaff, TSTF, and Peregrine Pharmaceuticals, PPHM

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Aug. 17, 2011 - Marshall Edwards, Inc. (MSHL) The company announced  today its investigational New Drug (IND) application for ME-143 (formerly NV-143), MSHL’s lead NADH oxidase inhibitor, has got FDA approval. They plan to start a Phase I clinical trial of intravenous ME-143 by September. As of 11:19AM EDT, the shares had a volume of 3,409,870 and were trading at 2.36.

TeamStaff, Inc. (TSTF) announced it has been awarded part of a TACOM Omnibus III contract. The U.S. Army's Program Executive Office for Combat Support & Combat Service Support (PEO CS&CSS) in Warren, Michigan made the award to TSIF as a member of the O'Neil and Associates (ONEIL) team. The total contract value is $225 million and runs through 2012. Sixteen contractor teams are now eligible. Previous close was1.95 and the stock was trading today as high as 2.38.

Peregrine Pharmaceuticals Inc. (PPHM) Today’s range has gone from 1.39 - 1.70 with a 52wk Range of 1.17 - 3.10. Their last financial report saw total revenues for the fourth quarter of FY 2011 at $2,729,000 and that compared to $4,420,000 for the same quarter of the prior fiscal year. The consolidated net loss was $10,014,000, or $0.15 per share, for the fourth quarter of FY 2011 and that compares to a net loss of $7,741,000 or $0.16 per share, for the same quarter of the prior year.

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ProPennyPick.com provides its subscribers with the investment tools they need to realize double- and triple-digit gains. ProPennyPick.com is one of the market's most trusted small-cap research firms. We alert investors to promising small-cap companies with huge upside potential. Savvy investors understand that micro-cap stocks are able to generate greater returns in a matter of days than big-board stocks can deliver in an entire year.

At ProPennyPick.com, we deliver comprehensive public information and due diligence on small cap stocks across all sectors of the market. Through in-depth research and constant vigilance, we strive to bring our members actionable information on investment opportunities before the price starts to move. To learn more and to become a subscriber, please visit www.ProPennyPick.com.

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