Del Mar 4/16/2010 11:19:20 PM
Hot Stocks for Friday
Phase Forward Incorporated (NASDAQ:PFWD), MBIA Inc. (NYSE:MBI), Ambac Financial Group, Inc. (NYSE:ABK), Cambridge Heart, Inc. (OTC:CAMH)
Del Mar, CA – Stocksource reports on volume breakouts for Friday the 16th, Phase Forward Incorporated, MBIA Inc and Ambac Financial Group are all showing strong volume. Making news, Cambridge Heart, Inc. (OTCBB: CAMH), today announced that it has received clearance from the U.S. Food and Drug Administration.
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Phase Forward Incorporated (NASDAQ:PFWD)
Phase Forward Incorporated is a provider of an Integrated Clinical Research Suite (ICRS), of enterprise-level software products, services and hosted solutions for use in the customers' global clinical trial and drug safety monitoring activities. The customers include pharmaceutical, biotechnology and medical device companies, as well as academic institutions, governmental regulatory agencies, contract research organizations (CROs), and other entities engaged in clinical trial and drug safety monitoring activities
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MBIA Inc. (NYSE:MBI) Up 11% on good volume
MBIA Inc. (MBIA) provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services for the public and structured finance markets, and investment management services, including advisory services, on a global basis. The Company conducts the financial guarantee business, as well as related reinsurance, advisory and portfolio services, through the wholly owned subsidiaries National Public Finance Guarantee Corporation (National), the United States public finance financial guarantee company, and MBIA Insurance Corporation (MBIA Corp.), which together with its subsidiaries, writes global structured finance and non-United States public finance financial guarantee insurance. MBIA conducts the investment management business primarily through wholly owned subsidiaries of Cutwater Holdings, LLC (Cutwater). Cutwater offers advisory services, including cash management, discretionary asset management and structured products on a fee-for-service basis.
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Ambac Financial Group, Inc. (NYSE:ABK)
Ambac Financial Group, Inc. is a primarily a holding company. The Company, through its subsidiaries, provides financial guarantees and financial services to clients in both the public and private sectors worldwide. Ambac’s activities are divided into two business segments. The Financial Guarantee segment provides financial guarantees (including credit derivatives) for public finance, structured finance and other obligations. The Financial Services segment provided investment agreements, funding conduits, interest rate, total return and currency swaps, principally to clients of the financial guarantee business. During the year ended December 31, 2008, the Company discontinued writing new investment agreements and derivative products in its Financial Services segment. Its existing investment agreement and derivative product portfolios are in active runoff, which may include transaction terminations, settlements, restructuring, transfers and natural attrition as contracts mature.
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Cambridge Heart, Inc. (OTC:CAMH)
TEWKSBURY, Mass.--April 15--Cambridge Heart, Inc. (OTCBB: CAMH), today announced that it has received clearance from the U.S. Food and Drug Administration to begin marketing its Microvolt T-Wave Alternans (MTWA) OEM module. The MTWA OEM module is designed to work with existing cardiac stress test platforms distributed by other manufacturers. This FDA 510(k) clearance allows Cambridge Heart to begin marketing the MTWA OEM module integrated with the Q-Stress line of stress systems manufactured by Cardiac Science Corporation, Inc. (NASDAQ:CSCX).
The non-invasive MTWA test measures small heartbeat irregularities that indicate a patient’s heightened risk for sudden cardiac arrest.
In June 2009, Cambridge Heart and Cardiac Science entered into a five-year development and distribution partnership, whereby Cardiac Science will market the MTWA OEM module to its existing base of installed stress systems as an upgrade, and to new stress customers as an optional feature. Development of the MTWA OEM module was completed in early February 2010. Sales training and pre-launch activities will take place between now and an expected launch date later this year.
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