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Feature:
BioCurex - Is the Best Yet to Come? |
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Long-term
readers will know that we have been covering biotech BioCurex (BOCX.PK)
for exactly two years. And it’s been anything but dull. We’ve stuck with
it because, in our opinion, the company stands to make a profound difference
in the way cancer is diagnosed and treated. We further believe that the
best is yet to come for patients, the company and shareholders.
From our initial Trading
Alert in October 2003 at 17 cents, through the price spike to $3.90
a few months later, the SEC halt, the semi-exclusive deal with Abbot Labs,
as well as a parade of substantive and exciting clinical results, all have
contributed to a plethora of price movements and some great trading opportunities.
If none of the challenges had occurred
and the shares had organically risen to their current 85-cent level over
the last two years that would be no disappointment in light of an impressive
400 percent return; as well as little doubt by investors regarding the
company’s potential. As I said, never dull.
Long-term, risk-oriented investors
should continue to accumulate BOCX shares.
With
the recent sell-off, the chart looks very interesting. The blue 3x3 line,
which was held during the sell-off, is now being violated with some conviction.
Technically, that can evidence a strong reversal signal to the pullback
and we believe a purchase here with a stop at 80 cents has excellent risk/reward
characteristics. With the recent volatility in the stock —a good thing--
accumulation at these levels looks positive for traders and long-term investors,
in our opinion.
In September, CEO Dr. Ricardo
Moro and two of BOCX’s impressive science advisory board—Dr’s Gold
and Uriel-- were invited to the ISOBM Conference in Rhodes and presented
papers regarding Cancer markers (including RECAF ™) and discussions of
BioCurex’s ongoing research and technologies. By all accounts, the presentations
were well received and could well lead to more research relationships and,
as a result of the exposure at this prestigious conference, more licensing
deals as well. As Dr. Moro stated in the recent press release:
“We were also approached by three
new large diagnostic companies who have been following our developments
and are interested in different aspects of our technology”.
We have always felt that new deals
to complement the Abbott deal would appear and the exposure and interest
shown at the ISOBM likely went a long way to advancing that process. The
entire Press Release regarding the conference is here: http://biz.yahoo.com/pz/051004/87250.html.
Rome Wasn’t Built in a Day.
Neither was BioCurex. When you are
dealing with cutting edge biotechnology and R&D, be it the RECAF™ blood
test, or the very exciting potential of BOCX’s work in imaging and therapy,
the timelines tend to be long. We are very excited about the preliminary
discussions regarding this phase of BOCX’s work and is one of the points
discussed in the Letter to Shareholders posted today on BOCX’s website.
The topics covered by Dr. Moro in this detailed update include:
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The current state of our technology.
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The size and scope of our targeted markets.
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A discussion of our financing procedures.
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Pink sheets and alternative listing.
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Investor Relations
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Investment Banking
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Our Conclusions
The balance of the Letter to Shareholders
is available here: http://www.biocurex.com/curexhtml/news/news77.htm
Investors would apparently like
the process to move along faster. Get over it. The sector in which
BOCX finds itself is thick with products and potential. The challenge is
getting to the people and companies that can help advance the technologies
through research partnerships including blind studies as well as those
partners, such as Abbott, who can move the products forward to commercialization
for the benefit of patients and ultimately shareholders. How many other
young, smallcap companies can you name that have inked such an impressive
deal with a massive pharma so early in their life?
Not many, if any.
As well, most biotechs in the cancer
marker business set up a company to find a marker. BioCurex found the marker
and then set up the company. That’s a big difference and a huge advantage
over others who might claim eventual success.
Over the last 40 years, there
have been roughly half a dozen cancer markers found. The chance of that
number rising significantly is fairly slim. We have seen the success of
markers such as PSA and CEA. We believe that RECAF™ represents the next
generation for both cancer markers and developed tests and technology to
make a substantial diagnostic and therapeutic difference to patients and
the medical community.
Looking for BOCX or indeed any biotech
to rocket tomorrow is like waiting for an earthquake on the west coast.
One knows it will come, but obsessing about it is likely more traumatic
than the event itself.
BOCX is the province of those investors
with patience who can understand both the risks and potential of a company
that appears to have the ability to revolutionize the way cancer is diagnosed
and treated.
And, as the company has stated, that
will be good for patients and shareholders; in that order.
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