Picksthatmove.com reports on MEGA Brands, Genta Inc. and Cytomedix Inc. - Sourced Picksthatmove

MEGA Brands (TSX: MB) is heavily trading today hitting the day’s high of 0.54 with a low sitting at 0.50. Shares of MB are up 6.00% at 0.53.
By: Picksthatmove.com
 
April 20, 2010 - PRLog -- Picksthatmove.com reports on MEGA Brands, Genta Inc. and Cytomedix Inc.

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MEGA Brands (TSX: MB) is heavily trading today hitting the day’s high of 0.54 with a low sitting at 0.50.  Shares of MB are up 6.00% at 0.53.  The 52 week-high for MB is 2.02 from November of last year.  Last company announcement came at the end of March when the company announced its fourth quarter and 2009 results citing net earnings in 2009 were $10.7 million or $0.29 per share compared to a net loss of $458.7 million or $12.53 per share in the year prior.  Net sales saw a decrease to $338.9 million compared to $447.7 million in 2008.  For the fourth quarter of 2009 net loss was $22.1 million compared to a net loss of $323.3 million in the same period last year.  MEGA Brands anticipates higher sales for 2010 as they report of a favourable response to their product line.  MEGA Brands manufactures and markets a broad line of toys and stationery and activity products.  

Genta Inc. , is trading between 0.10 and 0.118, up 19.02% sitting at 0.107.  Genta Inc. reported on its initial results from the first human use of a gallium-containing compound to treat serious infection.  Recent data suggests that gallium may kill bacteria and boost the activity of standard antibiotics.  Genta Inc. will undergo another clinical trial towards the end of next month.  The 52 week-high for Genta sits at 1.26 from last September with the 52 week-low being 0.036 from March 2010.  Genta Inc. is a pharmaceutical company focusing on drug research and development.
 
Cytomedix Inc. , is up 58.34%, up 0.45 at 1.22, hitting a low of 0.80 and a new 52 week-high of 1.75 with the previous 52 week-high being 1.05 from last June.  Cytomedix is a biotechnology company focusing on developing, selling and licensing regenerative biological therapies.  Its been announced that for $7 million dollars Cytomedix bought from Sorin Group the Angel® Whole Blood Separation System and activAT® Autologous Thrombin Processing Kit.  The products combined brought in approximate sales of $5 million last year.  The Angel® Separation System is a blood processing device which separates whole blood into red cells, platelet poor plasma and platelet rich plasma and the activAT® system is used to produce autologous thrombin serum from platelet poor plasma.  

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Source:Picksthatmove.com
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Tags:Mega Brands, Trading, Quarter, Week-high, Genta, Pharmaceutical, Cytomedix, Gtf
Industry:Business, Marketing, Financial
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