Titan Pharmaceuticals Inc. is in the StockGuru Spotlight for July 27, 2010

Titan Pharmaceuticals Inc. is in the StockGuru Spotlight for July 27, 2010

DALLAS, TEXAS : StockGuru announces that Titan Pharmaceuticals Inc. (OTCBB: TTNP) is in the StockGuru Spotlight.   Titan Pharmaceuticals, Inc. is a biopharmaceutical company with valuable assets in the CNS (central nervous system) area. On May 6, 2009, US Food & Drug Administration granted marketing approval to Fanapt™ (iloperidone) for the treatment of adult patients with schizophrenia. This milestone represents the first marketing approval for a product out-licensed by Titan. The global sales from atypical antipsychotics, the same class of drugs like Fanapt™, exceeded $20 billion in 2007. Titan is entitled to receive 8-10% of global annual sales as royalty revenue, which may commence as early as the end of 2009. Titan is also focused on adding value to the company from its other assets, particularly Probuphine which is in phase 3 clinical development

On Monday, the company put out news announcing that the National Institutes of Health (NIH) has awarded the company a grant under the Small Business Innovation Research (SBIR) program supporting the development of a long-term, non-fluctuating dopamine agonist treatment for Parkinson’s disease. The first year award in the amount of $300,000 will be available to Titan starting August 1, 2010, and an additional $195,000 for the second year starting August 1, 2011 has been recommended subject to availability of funds and satisfactory progress of the project. The grant will be administered by the National Institute of Neurological Disorders and Stroke (NINDS).

Shares for Titan Pharmaceuticals Inc. (OTCBB: TTNP) were up during the late morning of trading on Monday and closed up ten cents at closing.

To view our StockGuru Spotlight on Titan Pharmaceuticals Inc. (OTCBB: TTNP), please visit:


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