ImmuNis Corp a small Biotech Stock with Big Potential.
The Stock Savvy Investor Forum recommends that you
evaluate the investment potential of ImmuNis Corp shares.
ImmuNis Corp (OTCBB: IMMCE), owns a major interest
in a new class of oral diabetes medication. The drug is referred to as
DIAB II and has been approved for sale in China and is the final
stages of the application and registration process in Brazil.
ImmuNis purchased its 25% interest in the commercial rights
to DIAB II in 1998 for territories outside of Oriental Asia. DIAB II
is an insulin-receptor sensitizer, a new class of drugs for
controlling the chronically high blood sugar levels that typify
adult-onset or Type II diabetes. DIAB II works by improving the
patient's ability to utilize both endogenous and
injected insulin, the hormone that controls blood sugar levels.
Adult-Onset Diabetes is an illness affecting more than 15
million Americans and more than 150 million people around the world.
The drug - DIAB II - provides excellent control of diabetes symptoms
without the side-effects of many competing drugs that are already on
ImmuNis Corp. has about 8.5 million shares outstanding and
at $1.50 per share price has a market capitalization of under $15
million in a market segment where the majority of companies trade with
$100 million valuations in anticipation of a new discovery or
development. DIAB II confirmed the DIAB II is safe and effective.
The market for Type II diabetes drugs is over $15 billion
annually. We believe that one should carefully evaluate the potential
for a much higher stock market valuation of ImmuNis's share price.
Many analysts are pointing out that companies like ImmuNis with the
potential of success could produce gains comparable to what has been
realized in the Dot Com sector.
DIAB II was developed by Biotech Holdings Ltd., a
Canadian-based pharmaceutical company, which controls the
worldwide manufacturing and marketing rights to the drug.
In a June 9, 1999 announcement Biotech also pointed out
that there is a sizable and very lucrative market potential for DIAB
II in Brazil and throughout Latin America -- that for each one percent
of the diabetic population in Brazil, Argentina and Venezuela using
DIAB II (a total of 100,000 one-year prescriptions) -- DIAB II sales
revenues generated would be over $20,000,000 annually. ImmuNis has a
25% interest in all net revenues from the sale of DIAB II in these
Latin American Territories as well as in North America and Europe.
In addition to its focus on Latin American markets where
license agreements have been completed in Brazil with Biobras, which
is the fourth largest insulin manufacturer in the world with 75% of
the diabetes medication market in Brazil. Agreements have also been
completed in Argentina, Venezuela, Peru and Chile.
An agreement with a major (more than $10 billion in sales)
pharmaceutical company was announced in September of 1999, that
foresees potential licensing of DIAB II, for the U.S. market. Biotech
expects to be working closely with this prospective licensing partner
to review data and arrange for testing of DIAB II. The goal is to
reach a licensing agreement that would provide for testing of DIAB II
and filing of an application with the U.S. FDA, with the possibility
that other markets could also be included in a final agreement.
Biotech Holdings completed the first phase of its drug
production facility Canadian Health Pr otection
Branch, that certifies that Biotech has met GMP (Good
Manufacturi in Richmond, B.C. This notice of approval brings DIAB II
to the final stages of entering the market in Brazil and throughout
Latin American. Registration dossiers for the sale of DIAB II are now
planned for submission in Chile, Argentina, Venezuela and Peru.
Registration filings are also expected in the Middle East, Southern
Europe and Africa.
The DIAB II Brazilian clinical trials provided supplementary
information for the regulatory application for approval of DIAB II, in
Brazil as a prescription treatment for Type II or Adult-Onset
Diabetes. The trial was carried out by one of the largest independent
contract research laboratories in Brazil, working with Brazilian
doctors specializing in diabetes. The trials showed that during DIAB
II treatment that no adverse clinical events were reported. Plasma
insulin, HDL/LDL ratio and triglycerides were controlled equally well
with DIAB II treatment as on the patients' accustomed medication. The
critical Hb A1c measurement showed reduced levels during the course of the
study, to an average of 5.85%, (well within normal ranges) indicating
excellent diabetic control
The shares of ImmuNis represent a opportunity for very
substantial gains. However, the shares must be regarded as
speculative. Even though the indications are that the drug will
continue to prove to be safe and effective, obtaining final approval
for sale and distribution in Western Countries may take time or may
not occur at all. We always recommend that one investigate and
evaluate the potential and risks of any investment.
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