InvestorIdeas.com, a leading online global investor resource, issues the Sector Close Up – Pharmaceutical and Biotech Stocks. Gene therapy, which entails the introduction of genetic material into a person’s cells to fight or prevent disease, is a highly promising area but one that is long on theory and short on commercial product.
Benda Pharmaceutical, Inc. (OTCBB: BPMA) is a China-based pharmaceutical company that has become recognized for its cancer gene therapy treatment Gendicine®, which represents the world’s first gene therapy medicine on the market for the treatment of cancer. Gendicine® has been used to treat more than 50 types of malignant tumors across 6,000 patients, including more than 1,800 foreigners. According to the Company, in clinical trials on 135 patients affected by head and neck tumors, 64% had their tumors eliminated after one month of Gendicine® treatment - a 340% increase in efficacy relative to traditional treatments.
According to Justin Davis from After Market Support, LLC, North American representatives for Benda Pharmaceutical, “The addition of Gendicine® to Benda’s drug portfolio thrusts the Company to the leading edge of both the gene therapy revolution and the world’s ongoing fight against cancer. As the first cancer-treating gene therapy drug available to the public – anywhere - Gendicine® has garnered international attention and has turned both the medical and investing spotlights directly on Benda. Moreover, the demonstrated efficacy of Gendicine® has already translated into immediate financial returns for Benda - $3.8 MM in orders in one day after a recent medical conference in China. With the Company preparing to present the latest independent findings to an international gene therapy symposium in Europe, Benda finds itself at the cusp of what could become a global phenomenon.”
Another player in the gene therapy arena is Introgen Therapeutics, Inc. a biopharmaceutical company focused on targeted molecular therapies for the treatment of cancer and other diseases. Introgen’s gene therapy drug ADVEXIN® has not yet been approved – it is currently in Phase 3 clinical trials for the treatment of head and neck cancer and Li-Fraumeni Syndrome. According to the Company, regulatory filings in both the United States and in Europe are expected to be completed by the end of 2007.
Sector Close Up – Cancer Treatment Plays
Delcath Systems, Inc. developer of technology for targeted delivery of therapeutic and chemotherapeutic agents, recently announced that its Phase III trial was approved by the U.S. Food and Drug Administration under a Fast Track designation. Despite this progress, the Company has seen its shares drop more than a dollar since mid-September to its current level of $2.87.
Cell Genesys, Inc. currently conducting Phase 3 trials of the Company’s GVAX™ immunotherapy for prostate cancer, has rebounded slightly since early August’s share price of $3.22, closing Friday at $3.41.
Benda Pharmaceutical, Inc. (OTCBB: BPMA), on forecasts for 2008 of over $20 million in revenue from the Company’s cancer treatment Gendicine®, has been trading between $2.20-$2.49 over the past few weeks, up from the $0.70 level at which it began trading under one year ago.
Introgen Therapeutics, Inc. has seen its share price move from $3.16 at the beginning of August, to its recent close of $4.02, an increase of approximately 27%.
At the beginning of 2006, pharmaceutical giant, Pfizer received FDA approval for Sutent® for the treatment of rare forms of intestinal and kidney cancers. Sutent® is currently in trials for the treatment of breast, lung, and colorectal cancer. Pfizer shares closed recently at $24.07.
Since mid-August, Bristol-Myers Squibb shares have risen approximately 5% and ImClone has seen dramatic results, up $13.48 in the same time period, based on Friday’s close. Both companies have recently found themselves in the spotlight after an announcement that an agreement has been formed with Merck KGaA to co-develop and co-market the cancer treatment Erbitux® in Japan.
Showcase Pharmaceutical Company:
Benda Pharmaceutical Inc. (OTCBB: BPMA), a China-based pharmaceutical company, is a pure play on explosive Chinese pharmaceutical spending and the global search for a cancer cure. Compensation is disclosed in disclaimer below.
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia. InvestorIdeas.com Disclaimer:. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Benda Pharmaceutical, Inc. (OTCBB: BPMA) pays $4000USD per month. Benda Pharmaceutical, Inc. is also a client of After Market Support, LLC.
Source: InvestorIdeas.com, Benda Pharmaceutical, Inc.