SOURCE: Wall Street News Alert

Wall Street News Alert

June 17, 2010 09:38 ET

Wall Street News Alert: Breaking News Alert: TSNI -- June 17, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - June 17, 2010) -  Wall Street News Alert's "stocks to watch" this morning are: TechniScan Inc. (OTCBB: TSNI), Abbott (NYSE: ABT), Medtronic, Inc. (NYSE: MDT) and Genzyme Corporation (NASDAQ: GENZ).

Yesterday after the markets closed, TechniScan Inc. (OTCBB: TSNI) issued a press release announcing that it has launched a clinical study in Rochester, Minn., its third new clinical site to commence in the last five months.

TechniScan's Warm Bath Ultrasound (WBU) system is designed to capture three-dimensional images of the breast as a woman lies prone on a table and state-of-the-art ultrasound technology is used in a warm water tank to image the breast anatomy. Its revolutionary new method of imaging produces information and whole breast images that are not available with traditional reflection ultrasound or whole breast ultrasound systems presently on the market.

To date, TechniScan has scanned over 800 women in clinical studies in Salt Lake City and Ogden, Utah as well as Orange and San Diego, California. These past clinical studies focused on key factors like image quality, repeatability, and establishing protocols for testing baseline values for positive and negative predictive capabilities of the system.

Building on this prior clinical work, the current clinical studies in Freiberg, Germany, San Diego and Rochester will involve at least 500 women with various types of breast lesions. Major objectives of the 12-month study will be to compare WBU to conventional breast sonography and MRI as well as to examine the WBU system's ability to differentiate between normal, benign and malignant breast tissue. These clinical studies in the U.S. are funded by a Small Business Innovation Research Grant (SBIR) from the National Cancer Institute.

"Overall we expect to image another 600 or more patients in our clinical program over the next 6-12 months," said Robinson. "These studies will provide us with critical information about the clinical utility and application of the WBU capabilities."

"Our vision is to begin to create a database of thousands of breast images as well as the underlying and related image data," said Robinson. "With complete anonymity, women can contribute their mammograms, breast MRI's and WBU images along with related pathology and other information to provide researchers around the world an unprecedented opportunity to study breast cancer. TechniScan's imaging network will also allow timely and efficient collaboration of patient's records for her medical team's use. The concept is simple, yet revolutionary within the medical system and represents a key competitive advantage of the TechniScan system."

For complete details, including share structure, please refer to yesterday's press release.

The stock closed yesterday at Eighty Two cents a share.

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Abbott (NYSE: ABT) up 1.2% on 9.4 million shares traded.
Abbott is a global, broad-based health care company devoted to the discovery, development, manufacture and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics.

Medtronic, Inc. (NYSE: MDT) up 0.8% on 6 million shares traded.
Medtronic, Inc. is the global leader in medical technology -- alleviating pain, restoring health, and extending life for millions of people around the world.

Genzyme Corporation (NASDAQ: GENZ) up 2.2% on 2.9 million shares traded.
Genzyme is one of the world's leading biotechnology companies, Genzyme is dedicated to making a major positive impact on the lives of people with serious diseases.

Market Commentary:
Output at the nation's factories, mines and utilities climbed 1.2 percent in May, the Federal Reserve said Wednesday. Factory production rose 0.9 percent, while utility production jumped 4.8 percent. Mining was the only component that lagged.

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