Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers


Misonix Zaps Prostate Cancer

Misonix (MSON), a maker of medical and scientific gear, has investors interested in its new ultrasound device for prostate cancer. Shares of the little-known outfit have risen from 5.22 on Apr. 18 to 6.50 on Aug. 3. Its Sonablate 500 device is in Phase 2 and in three clinical trials in the U.S. -- and is already in the market in Britain, China, Italy, Japan, Mexico, and Russia, says CEO Michael McManus Jr. Over 3,000 treatments have been successfully done, he adds.

Sonablate, which uses high-intensity focused ultrasound, beams in intense heat that attacks prostate cancer cells. It targets the tissue, he says, without injuring adjacent flesh. (Usual treatment is removal of the prostate gland.) John Nobile of securities firm Taglich Brothers, which owns shares, expects earnings of 20 cents a share in 2005 on sales of $44 million and 40 cents in 2006 on $55 million. He rates it "speculative buy."

Note: Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them.

blog comments powered by Disqus