MediciNova Inc Stock Increases on MN-001 Positive Results (NASDAQ:MNOV), Ocean Power Technologies Inc (NASDAQ:OPTT), Echelon Corporation (NASDAQ:ELON)

Published on January 14 2014 by phathitchst0cks

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As U.S. stock prices rise and Treasury prices fall, we would advise you to take a look at MediciNova Inc. ticker symbol (NASDAQ:MNOV). MediciNova Inc. stock has surged +63.26% Up 1.36 generating over five million shares in the financial market at $3.51 per share Tuesday January 14, 2014 Real-time: 11:44AM EST. The Company (www.medicinova.com) is a biopharmaceutical company traded on the NASDAQ Global Market and the JASDAQ Market of the Tokyo Stock Exchange. The topic of interest amongst investors surrounding MediciNova Inc. is its MN-001.

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MediciNova Inc. reported positive results from a study that analyzed the effectiveness of MN-001 towards treating NASH or nonalcoholic steatohepatitis. Currently MediciNova Inc. is preparing to begin is phase 2 trial of MN-001 in the United States. The global nonalcoholic steatohepatitis market is expected to reach US$863 million by 2017, at a notable compound annual growth rate of 30%.

Up next is ticker symbol (NASDAQ:OPTT). Ocean Power Technologies, Inc. stock has surged +22.63% Up 0.50 generating over six point eight million shares in the financial market at $2.71 per share Tuesday January 14, 2014 Real-time: 12:01PM EST. The Company as a group (www.oceanpowertechnologies.com, www.optaustralasia.com.au and www.victorianwaveproject.com.au) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable and clean and environmentally-beneficial electricity. The topic of interest amongst investors surrounding Ocean Power Technologies, Inc. is its funding agreement With the Australian Government for a grant sum of A$66.5 million. The global Wave energy market is expected to reach US$100 billion by 2025.

Another ticker symbol that need not be forgotten is (NASDAQ:ELON). Echelon Corporation stock has surged +20.26% Up 0.46 generating over one point eight million shares in the financial market at $2.73 per share Tuesday January 14, 2014 Real-time: 12:15PM EST. The Company (www.echelon.com) is a pioneer in developing open-standard control networking platforms. The topic of interest amongst investors surrounding Echelon Corporation is on theoretical sentiment since Google Inc. acquired Nest Labs for US$3.2 billion.

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