SOURCE: Wall Street News Alert

Wall Street News Alert

June 30, 2008 09:33 ET

Wall Street News Alert: Investment Alert: OCOL! June 30, 2008

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

WESTON, FL--(Marketwire - June 30, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Oncolin Therapeutics (OTCBB: OCOL), Amgen Inc. (NASDAQ: AMGN), Bristol-Myers Squibb Company (NYSE: BMY) and Gilead Sciences, Inc. (NASDAQ: GILD).

There is more important news coming from Oncolin Therapeutics (OTCBB: OCOL), and the company should have investors monitoring the stock closely. Early this morning, the company issued a press release announcing that a team of scientists supported by an Oncolin sponsored research agreement ( SRA ) and lead by Professor Waldemar Priebe from The University of Texas M. D. Anderson Cancer Center (UTMDACC) has discovered a new inhibitor of glycolysis, which is superior to the other known inhibitors.

Great news of OCOL, as the press release states that these results were confirmed both in vitro as well as in vivo brain tumor models. These new results have demonstrated that the compound that Oncolin in collaboration with UTMDACC are currently developing clearly displays significantly better pharmacokinetics, increased potency and efficacy.

"These data allows Oncolin to identify the potential clinical lead candidate for filing an IND with the FDA as soon as the preclinical studies will be completed," said Dr Donald Picker, COO of the company.

The founding scientists at MD Anderson have designed a drug that passes through the Blood Brain Barrier (BBB), a protective tissue which prevents most other drugs from entering the brain, where this drug is then retained in brain tumor cells selectively blocking the tumors metabolic machinery. This compound class also provides higher drug uptake and a longer drug half life. This drug class can also be used to treat other cancers that depend on glycolysis for survival such as breast and pancreatic cancers. This technology is covered under Oncolin's recent exclusive option to license agreement from The University of Texas M.D. Anderson Cancer Center, the # 1 cancer treatment center in the United State according to U.S. News and World Report.

Last week the company reported that Dr. Daniel Von Hoff has joined the company's Scientific Advisory Board (SAB). According to the press release, Dr. Von Hoff is generally considered to be one of the world's leading experts in oncology drug development and is an advisor in some capacity to a large number of oncology companies. Dr. Von Hoff was appointed to President Bush's National Cancer Advisory Board in June 2004. Dr. Von Hoff is the past President of the American Association for Cancer Research (the world's largest cancer research organization), a Fellow of the American College of Physicians, and a member and past board member of the American Society of Clinical Oncology. He is a founder of ILEX™ Oncology, Inc. (acquired by Genzyme after Ilex had 2 agents, alemtuzumab and clofarabine approved for patients with leukemia). He is founder and the Editor Emeritus of Investigational New Drugs - The Journal of New Anticancer Agents; and, Editor-in-Chief of Molecular Cancer Therapeutics.

Investors are urged to continue to monitor the progress of the company!

Prior to the latest press release, the stock closed Friday at Seventeen cents a share.

For an in-depth profile of Oncolin Therapeutics, visit

Amgen Inc. (NASDAQ: AMGN) up 0.02% on 25.5 million shares traded. Amgen discovers, develops, manufacturers and delivers innovative human therapeutics.

Bristol-Myers Squibb Company (NYSE: BMY) up 3.2% on 24.8 million shares traded. Bristol-Myers Squibb is a global biopharmaceutical company and related health care products company whose mission is to extend and enhance human life.

Gilead Sciences, Inc. (NASDAQ: GILD) down 0.1% on 8 million shares traded. Gilead Sciences is a biopharmaceutical company that discovers, develops and commercializes innovative therapeutics in areas of unmet medical need.

Market Commentary:

"For the year, the Dow Jones industrial average is down more than 14 percent and has given up all the gains it made since September 2006," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For current services performed for Oncolin Therapeutics (OTCBB: OCOL), WSCF has been compensated Two Hundred and Eighty Thousand shares of Oncolin Therapeutics, by a third party (Jonathan Camarillo Trust), who is non-affiliated and may hold a significant position in the stock. WSCF holds Two Hundred and Thirteen Thousand and Six Hundred of those shares as of this release, and intends to immediately continue selling its shares as this release is being circulated. WSCF has also been previously compensated Twenty Seven Thousand Dollars for coverage of Oncolin Therapeutics (OTCBB: OCOL), previously known as Edgeline Holdings, Inc. (OTCBB: ELHI), by the company, for services provided including dissemination of company information in this release. Prior to the name and symbol change, WSCF was previously compensated for services rendered in 2008 and 2007; the previous compensation can be viewed by looking at a previous WSNA, ELHI press release. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

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