ATLANTA, May 2, 2011 (GLOBE NEWSWIRE) -- OTC Stock Review announces that it has initiated coverage of Celsion Corporation (Nasdaq:CLSN), a Phase III oncology focused company addressing the largest unmet need in cancer, HCC, or primary liver cancer. In our opinion, with a market cap of only $43 million, CLSN is undervalued when compared to its peers. Not only is the stock undervalued, but we believe CLSN could trade into the upper end of its trading range, and possibly make new 52 week highs, as the Company gains investor notoriety from results of its clinical trials.
CLSN has developed a technology that provides highly effective targeted delivery of chemotherapeutics. The foundation of Celsion's oncology platform is ThermoDox, a heat-sensitive liposome that Celsion has licensed from Duke University. Celsion and Duke University have developed the liposomal formulation encapsulating doxorubicin and Celsion is currently conducting ThermoDox trials for Hepatocellular Carcinoma (HCC), also referred to as primary liver cancer, and recurrent chest wall (RCW) breast cancer. ThermoDox, which represents a billion dollar global market opportunity, is in a Phase III pivotal trial with near-term commercial potential known as the HEAT Study.
Not only is the prospect of saving lives very great, but CLSN is three to four months from a planned interim analysis and approximately 12 months from top line data in an 11 country, 600 patient, global trial evaluating its first drug, ThermoDox, in the largest unmet medical need left in oncology. Our report includes a list of near-term milestones & catalysts, so investors can follow CLSN's progress.
The complete report is available at http://www.otcstockreview.com/CLSN_Review.pdf.
Additionally, more information on Celsion Corporation is available at http://www.celsion.com.
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