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Article Excerpt
M2 PRESSWIRE-31 May 2006-marketgainer.com: on with EPIX Pharmaceuticals(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:31052006
Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the Nasdaq exchange has brought with EPIX Pharmaceuticals (NASDAQ:EPIX) to the attention of our research team. Our goal is to create a community of international investors who consistently and effectively capitalize on the enormous gains the small-cap Canadian and American exchanges offer.
Shares increase $.31 to a high of $3.79 on the Nasdaq Wednesday. Momentum comes as Predix Pharmaceuticals, which recently announced a definitive agreement to merge with EPIX Pharmaceuticals (Nasdaq:EPIX - News), announced today that Sanjay Mathew, M.D., from Mt. Sinai School of Medicine, will be presenting Phase II data on Predix's lead drug candidate for generalized anxiety disorder, PRX-00023, at the 46th Annual New Clinical Drug Evaluation Unit (NCDEU) meeting on June 13.
The NCDEU conference is co-sponsored by the National Institute of Mental Health, the National Institutes of Health and the American Society for Clinical Psychopharmacology and brings together academic researchers from multiple disciplines involved in clinical trials, investigators with the pharmaceutical industry and representatives from government agencies, including the U.S. Food and Drug Administration.
"The Phase II data to be presented illustrates the clinical progress being made with Predix's lead drug candidate for the treatment of generalized anxiety disorder,"...
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