Streetinvesting.com: Progress Review For Manhattan Pharmaceuticals Inc

Dec 28, 2007 (M2 PRESSWIRE via COMTEX) -- MHA | charts | news | PowerRating -- Investors need to turn to the markets these days if even to simply counter the depreciation of their hard earned wealth. Consumer inflation surged by the largest amount in more than two years in November, led by a huge jump in gasoline prices. Inflation also hit home with big increases in the cost of clothing, airline tickets and prescription drugs. The 0.8 percent rise in consumer prices was worse than the 0.6 percent advance that economists had expected. With one month to go, inflation in 2007 is rising at an annual rate of 4.2 percent! This well outweighed the 2.5 percent increase in 2006. There is worry that the jump in energy costs will leave consumers with less money to spend on other items, worsening the slowdown in economic growth that is already manifesting this nation.

Manhattan Pharmaceuticals Inc (AMEX:MHA) traded up early Friday morning to 9%, with average volume.

Our research resources have been aimed towards the US Large Caps and the various prospective companies therein. Manhattan Pharmaceuticals Inc was among those that we have been closely examining due to their recent news and trading patterns.

Thursday, 27th 2007, Manhattan Pharmaceuticals, Inc. today announced the appointment of Mary C. Spellman, M.D. as its consultant Head of Dermatology and Drug Development. Dr. Spellman will oversee all aspects of clinical operations related to the development of Manhattan Pharmaceuticals' product pipeline.

Manhattan Pharmaceuticals, Inc. is a pharmaceutical company that acquires and develops novel, high-value drug candidates primarily for the treatment of dermatologic and immune disorders. With a pipeline consisting of four clinical stage product candidates, Manhattan Pharmaceuticals is developing potential therapeutics for large, underserved patient populations seeking superior treatments for conditions including psoriasis, atopic dermatitis head lice, and mastocytosis. (http://www.manhattanpharma.com)

With the recent climax remodeling the market temporarily and taking investors on a roller-coaster ride, Streetinvesting.com will keep track of the performance and future news release of this company. Our research team will bring you any news or updates about Manhattan Pharmaceuticals Inc as they come into the public realm in the coming weeks and months.

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