DALLAS, March 29, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Novogen Ltd. (ADR) (Nasdaq:NVGN). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Novogen Ltd. (NVGN) is an Australia-based biotechnology company engaged in pharmaceutical research and development, as well as marketing of consumer healthcare products. The Company is primarily involved in the development of prescription drugs based on the isoflavonoid technology platform. The Company is structured into four divisions: Pharmaceutical division, which develops a portfolio of prescription drugs; Consumer Health division, which develops a range of non-prescription products; Marshall Edwards Inc., which focuses on the development of oncology drugs, and Glycotex Inc., which focuses on seeking funds to enable to complete and extend the clinical development program. Within its divisions the Company also conducts oncology program, cardiovascular program, dermatological program and anti-inflammatory program.
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In the report, the analyst notes:
"Shares of NVGN set a new 52-week high of $2.97 Monday, before settling the day at $2.17, an increase of 104.72% for the day. About 5.40 million shares changed hands during the session, well above the stock's 10-day average volume of 102.47K. NVGN is currently trading above its 50-day moving average of $0.83 and 200-day moving average of $0.65. Market capitalization currently stands at $44.79 million and it has 20.64 million outstanding shares."
"NVGN's subsidiary Marshall Edwards Inc. (MSHL) last week announced the publication of results from a phase II clinical trial of intravenous phenoxodiol in combination with cisplatin in women with platinum-resistant ovarian cancer. The publication is now available on the International Journal of Gynecological Cancer Web site and scheduled to print in the May issue of the journal."
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