SOURCE: Wall Street News Alert

Wall Street News Alert

February 20, 2008 09:38 ET

Wall Street News Alert: Stocks to Watch This Wednesday Morning: ELHI! February 20, 2008

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

WESTON, FL--(Marketwire - February 20, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Edgeline Holdings, Inc. (OTCBB: ELHI), Medarex Inc (NASDAQ: MEDX), Cell Genesys, Inc. (NASDAQ: CEGE) and Medtronic, Inc. (NYSE: MDT).

Having just announced one of its research programs for which it has rights was awarded a peer reviewed National Institute Of Health Grant for $179,000, Edgeline Holdings, Inc. (OTCBB: ELHI), which recently announced a name change to Oncolin Therapeutics Inc., is a "must see" for investors. Yesterday after the markets closed, the company issued a press release announcing that it has agreed to the terms of a license for a key patent that involves the synthesis of 2-deoxy sugars and their derivatives.

This is more great news for the company and its investors! This enabling patent provides processes to synthesize compounds that would otherwise be difficult and expensive to prepare with high purity and steroselectivity. These compounds are the lead drugs in the company's antimetabolite development program focused on the treatment of cancers, especially brain tumors.

"This program is currently being developed to initiate human clinical trials and therefore having a cost effective synthesis to the compounds is an important advantage for the timely development of these drugs," said Dr Donald Picker, COO of Edgeline Holdings, Inc.

Dr. Donald Picker first came to the attention of Wall Street News Alert on January 8, 2008 when it was announced in a company press release that he had joined Intertech Bio. This was a great move for the company. Dr. Picker and his group were responsible for the development of Carboplatin, one of the world's leading cancer drugs currently in use with annual sales of over $500 million.

Wall Street News Alert is continuing to alert investors to monitor the progress of the company! Last week the company reported that one of its research programs for which it has rights was awarded a peer reviewed National Institute Of Health Grant for $179,000 to support research on thermally targeted delivery of Doxorubicin. "We are very happy that this program has received funding from such a prestigious organization as the NIH to help progress this potential platform technology," commented Dr. Donald Picker.

In other recent news: Edgeline Holdings, Inc. has recently announced it has obtained an exclusive option agreement with The University of Texas M.D. Anderson Cancer Center which provides the Company the right to negotiate a license for five technologies relating to the treatment of various cancers over a nine month period.

In addition, Edgeline Holdings, Inc. has recently announced a Joint Development Agreement with Houston Pharmaceuticals to assist the Company in obtaining a license for certain patents, several of which are from the University of Mississippi and the University of Louisiana. Houston Pharmaceutical will continue collaborations with both universities and assist them in securing grants on behalf of the company.

Prior to the latest press release, the stock closed Tuesday at Forty Three cents a share.

For an in-depth profile of Edgeline Holdings, visit

Medarex Inc (NASDAQ: MEDX) up 0.2% on 867,000 shares traded.

Medarex is a biopharmaceutical company focused on the discovery, development and potential commercialization of fully human antibody-based therapeutics to treat life-threatening and debilitating diseases, including cancer, inflammation, autoimmune disorders and infectious diseases.

Cell Genesys, Inc. (NASDAQ: CEGE) up 19.9% on 11.5 million shares traded.

Cell Genesys is focused on the development and commercialization of novel biological therapies for patients with cancer.

Medtronic, Inc. (NYSE: MDT) up 0.06% on 7.4 million shares traded.

Medtronic, Inc., headquartered in Minneapolis, is the world's leading medical technology company, alleviating pain, restoring health and extending life for people with chronic disease.

Market Commentary:

"Improving slightly for the second straight month, the National Association of Home Builders said its index measuring homebuilder confidence inched up in February, rising to 20 from 19 in January. However, Wall Street remains wary about the prospects for the housing market," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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