WESTON, Fla., March 29, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Southwestern Medical Solutions Incorporated (Pink Sheets:SWNM), ImClone Systems Incorporated (Nasdaq:IMCL), SunGard Data Systems Inc. (NYSE:SDS) and American International Group, Inc (NYSE:AIG).
Aggressive investors and day traders may be excited about Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it has commenced studies to appraise the potential of several of its in-house designs to achieve medical-device advancements to the percutaneous endoscopic gastrostomy (PEG) tube, commonly referred to as the feeding tube.
This could be additional good news for investors! According to the company, inadvertent feeding-tube removal is a large scale problem in many patients. For patients with advanced dementia, difficulty with eating is especially prominent, distressing family members and healthcare professionals alike. Healthcare professionals commonly rely on feeding tubes to supply nutrition to these severely demented patients. An associated problem is the common urge by many such patients to tug or pull at the tube, often causing its untimely removal. Should the PEG tube accidentally come out, it must be reinstated within twenty-four hours or the incision site will begin to heal, and new surgery may be required. In addition, excessive tension on the tube may also result in pressure necrosis (death of an area of tissue) of the interior abdominal wall.
Southwestern Medical believes that it has the solution! SWNM's research and development team often looks toward unconventional methods to resolve serious problems and meet critical market needs that are not being fulfilled by conventional approaches. In the case with the feeding tube scenario, the team of engineers at SWNM has potentially found a simple, plausible solution in a new design of a feeding tube, which will allow a nurse to reinstate the tube without surgery. Patent pending technology offers the key in providing a tube that will stay inserted and not cause harm to the patient if it is pulled. Another element of practicality in the SWNM designs is the materials used, which have a weight unlike typical feeding tubes, allowing for a more comfortable placement and improved general comfort level during its period of use.
Investors continue to watch this company's progress! Just last week, the company issued a press release announcing that it has contracted the firm, Instant Diagnostics Inc., to conduct final scientific support data studies on its Labguard(tm) product line.
For more in-depth coverage of Southwestern Medical, visit http://www.backissuesofnewsalerts.us/SWNM0328.html
Prior to yesterday's press release, the stock closed yesterday at around Fifteen cents a share.
In case you are not familiar with the company: Currently involved in clinical investigative studies for its patent protected Labguard(tm) systems, Southwestern Medical Solutions continues to develop exciting advancements in products for the healthcare community. With the exclusive rights to produce and distribute the patented Protect-A-Pal(tm) safe syringe systems, and its potential entrance into the Hydrotherapy market, as well as disposable surgical devices, SWNM is building a healthy portfolio of high-potential products and is poised to gain a strong market presence in the foreseeable future.
Stocks showing interesting activity yesterday at the close of the regular trading day were: ImClone Systems Incorporated (NASDAQ: IMCL) down 8.2% on 5.7 million shares traded, SunGard Data Systems Inc. (NYSE:SDS) up 8.9% on 29.1 million shares traded and American International Group, Inc (NYSE:AIG) up 2.5% on 27 million shares traded.
Commentary: "This week will see a report Friday on the employment picture for March. February's job growth, up 262,000 jobs, is expected to sustain the momentum for March," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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