I found this on my bottom scans over the weekend.... I am in no position to play it and didn't really like the chart this morning. Even though it had a hammer last Friday. Today News was released after market closed. Might make it a little better play.
Name: COBALIS CORPORATION
Address: 2445 McCabe Way, Suite 150 Irvine, CA, US
Telephone: (949) 757-0001 Website:
www.cobalis.com
Facsimile: (949) 757-0979 Email:
clsc@jcir.com
Business Description: A specialty pharmaceutical company dedicated to the development and commercialization of medications for allergic diseases.
Details
CEO: Gerald Yakatan
Employees: 5
Issue Type: CS
Market Cap: 3633530
Auditor: Kabani & Company, Inc.
Last Audit: UQ
Industry Classifications
Sector: HEALTHCARE NAICS: Pharmaceutical Preparation Manufacturing
Industry: Biotechnology CIK: 0001166414
SIC: PHARMACEUTICAL PREPARATIONS (2834)
Profitability Management Effectiveness
Gross Margin: NC Return on Equity: NE
EBIT Margin: NC Return on Capital: 104.8
Profit Margin: NC Return on Assets: -1117.9
Share Statistics
Outstanding: 40372555 Float: 23745233
Short Interest: as of ()
Short Int Ratio: % of Float:
Non-Corp. Insider Hold'gs: 41.2% as of ()
Bought Prev 3 Mo: 100000 Sold Prev 3 Mo: 0
Institution Hold'gs: N% as of ()
Total Held: Institutions:
Bought Prev Mo: Sold Prev Mo:
Allergy Patients Treated with PreHistin Had Rise in Ragweed IgE Antibodies Blunted During Pollen Season
Aug 27, 2007 6:57:00 PM
Copyright Business Wire 2007
IRVINE, Calif.--(BUSINESS WIRE)--
Cobalis Corp. (OTCBB:CLSC), a pharmaceutical company specializing in anti-allergy medications, today reported that seasonal allergy patients who received PreHistin had on average less ragweed IgE after the treatment than those who received placebo.
This is important because IgE is a key chemical mediator in allergic reactions. Developing a drug that can safely reduce specific IgE levels is a goal of drug companies.
These findings - along with the previously reported 250% average increase in blood cobalamin levels and the established safety of PreHistin - are testament to PreHistin's marketability to the over 50 million Americans with allergies.
The research
1,551 ragweed allergy patients received either 3.3mg of PreHistin twice daily for 42 days or placebo. Blood samples were taken from patients before and after treatment, that is, pre-seasonally and during the ragweed pollen season. The samples were analyzed by chemiluminescent immunoassay at Medtox Labs.
The results demonstrated changes in serum ragweed specific IgE levels from pre-treatment to post-treatment (in kU/mL): The average for the 737 PreHistin patients went from 6.27 to 7.68 (an increase of 1.41), while the average for the 735 placebo patients went from 6.34 to 9.20 (an increase of 2.86), a difference of 1.50 between the groups. IgE levels in allergic individuals generally increase during the allergy season. PreHistin blunted this expected seasonal rise in IgE.
Similar supporting studies in humans and mice
"The current anti-IgE results tend to replicate earlier findings that cobalamin treatment prior to the allergy season can affect the amount of ragweed specific IgE levels in humans. Allergy patients in the Pacific Northwest were given 15 mcg cyanocobalamin IM for 15 days (n=27) or placebo (n=34). Blood samples were collected prior to the treatment and approximately 10 months later during the next season. Chemiluminescent lab assays showed reductions in the ragweed specific IgE levels for the active group and increases for the placebo group," said Ernest Armstrong, chief scientific officer.
Funada, et al, reported serum IgE content was significantly higher in cobalamin-deficient mice than in the controls, and that IgE levels in the cobalamin-treated group showed a tendency to recover to control levels. In allergic mice, the serum IgE and pulmonary histamine concentrations were significantly lower in all cobalamin-administered groups than placebos. (International Journal Vit Nutr Research, 71 (1)
60-65 January, 2001).
What is IgE?
Antibodies help to capture unwanted invaders. People who have allergies have an antibody called Immunoglobulin E, or IgE. Each type of IgE has specific "radar" for one type of allergen - ragweed, dog, cat, mold, etc. When the specific IgE comes in contact with such an invader, it causes the release of histamines and the symptoms of an allergic reaction: sneezing, nasal congestion, wheezing and coughing.
The existence of IgE antibodies is common to all forms of allergic disease, including: allergic rhinitis "hay fever," asthma, atopic dermatitis, urticaria, and other allergic reactions.
Studies have shown that IgE levels, and the prevalence of allergic disease, are now higher in children than in their parents. This problem is worsening over time around the world.
Safe Harbor Statement: This press release contains forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). Cobalis disclaims any intent or obligation to update these forward-looking statements, and claims the protection of the Safe Harbor for forward-looking statements contained in the Act. Examples of such statements include, but are not limited to, any statements relating to the timing, scope or expected outcome of the Company's clinical development of its drug candidates, the potential benefits of the Company's drug candidates and the size of the potential market for the Company's products. Such statements involve risks and uncertainties relating to securing funding for ongoing operations including clinical trials, difficulties in development, testing, regulatory approval, production and marketing of the Company's drug candidates, the development of competing products by our competitors; and those risks described in our SEC filings and annual report on Form 10-KSB filed with the SEC on July 16, 2007 and 10-Q filed on Aug. 22, 2007.
Source: Cobalis
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Cobalis Corp.
Chas Radovich
949-757-0001 or 714-323-1110
Of course play at your own risk! Good Luck if you decide to play it.
CLSC - Cobalis Corp
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