SOURCE: IO News Wire

August 21, 2008 14:58 ET

(OVIT.OB) OncoVista Issued $16 Price Target From Status Equity Research

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire

NEW YORK, NY--(Marketwire - August 21, 2008) - OncoVista Innovative Therapies, Inc. (OTCBB: OVIT) is a biopharmaceutical company engaged in the development and commercialization of targeted cancer therapies and diagnostics.

According to the Status Equity Research report published August 12, 2008, the world market for in vitro diagnostic (IVD) tests for cancer is growing at 11% annually and could reach $8 billion by the end of 2012.

Status concludes that a successful market launch and penetration of OVIT's AdnaTest, can yield $80 million in first year, post launch sales in the U.S. in 2010.

The research report can be accessed at STATUS EQUITY RESEARCH REPORT -- OVIT

Other active stocks are Johnson & Johnson (NYSE: JNJ); Novartis AG (NYSE: NVS); Sanofi-Aventis (NYSE: SNY).

For More Information on OncoVista Innovative Therapies, Inc. please visit:

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About Status Equity Research

Status Equity Research is a monthly publication committed to providing coverage on unique emerging growth companies that can become sector leaders in the U.S. equity markets.

About OncoVista, Inc.

OncoVista is a biopharmaceutical company engaged in the development and commercialization of targeted cancer therapies both through the acquisition of rights to technologies and drugs from others and through the development of proprietary products. OncoVista focuses on candidates that have been previously tested in human clinical trials or animal models, as well as technologies that may improve the delivery or targeting of previously tested, and in some cases marketed, anticancer agents.

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