NanoViricides, Inc. Reports Dramatically Extended Survival for FluCide™ Treated Animals in an Influenza Lethality Study
WEST HAVEN, Conn.--(BUSINESS WIRE)-- NanoViricides, Inc. (OTC BB: NNVC.OB) (the "Company") reported today that its FluCide™ drug candidates demonstrated dramatically improved survival in animals administered a lethal dose of influenza virus. Animals treated with all of the different influenza nanoviricide drug candidates survived for dramatically longer periods as compared to Tamiflu® treated animals.
Animals treated with the best of the optimized FluCide nanoviricide drug candidates survived greater than twice as long (18.1 days) as opposed to the animals treated with Tamiflu (only 7.8 days). In a previous study, the Company had reported that animals treated with the then best anti-influenza nanoviricides survived for as long as 13.9 days in the same animal model.
We are extremely happy with the substantially improved performance achieved in our optimization efforts,” said Randall Barton, PhD, Chief Scientific Officer of the Company, adding, “An increase in dosage is now likely to lead to total survival even in this completely lethal virus challenge model.”
“Our Influenza Program is progressing satisfactorily towards a pre-IND submission to the FDA in the near future,” said Eugene Seymour, MD, MPH, CEO of the Company.
Comment: It would be nice to see the stock pop, even double on this news, but whatever it does matters less then the significance of this development. Put away your trading hat for a moment, no, put it back on, and realize how this relates to NNVC's progress from a speculative, unheard of, shot in the dark biotechnology company to becoming one of the big boys on the block.
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15 comments:
Hi Mr. Allan, I have not posted in a while since you went to a paid subscription, but have been following your site and find it very beneficial! You do a great job and the best post was a few days, on why you do not give daily updates. I agree, too much information leads to over analysis paralysis. The reason for my post is two questions, the first is a week or so ago you posted NNVC.ob could break out aka > 1.08 and put a short term target of 1.58. Is the 1.58 still in the cards with today’s news?
My second question is the infamous bear P3 crash, which has been allusive. About 1 year ago you posted a crash alert for the markets, which did correct and fell short of Armageddon. I know you called the crash of 2008/2009, so if we crash again in P3 style at the end of the year or 2011, what do you think happens to NNVC?
Robert, I give my subscribers 3-5 updates a day, plus a longer update on weekends with "Trades of the Week" plus answer questions like yours about NNVC.
Do you think it would be fair to those subscribers to give that content away free?
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Allan, please don't be too harsh on the previous poster ...
what is wrong with this thing/ up a half a penny
great news re NNVC. But what is surprising is that with news like this, you'd expect to see a run up in the share price. We got a little pop to 1.08, but no follow thru.
I didn't mean to be harsh and I apologize to the poster if that is how it came off. Just trying to give an honest answer to his question.
I fully agree with Allan. we subscribers pay a large fee for his advice. If he gave it away free, we would cancel. Don't you think Allan deserves to be paid?
NNVC reminds me of a position I took in ONCY (Oncolytics) about 4 years ago. I bought it at $1.46 on the basis of high risk fundamentals...a unique new way to attack various cancers. In 2007, I sold half of my position for $2.80 and have kept the last half. It is at $4.63 today...and was above $5 last week. They are still a small, risky, start up effort...after over 5 years! These biotechs take a long time to bear fruit. But if they have a good basic technology and proper patents, and some cash infusions every now and then, they can be very profitable. I am close to taking a position in NNVC, and I would use the same strategy...get a double, sell half and then ride the rest for the long term. You make it a "risk free" trade that way, and if I've learned anything in ten years of trading, it is that success is in managing risk. Do that successfully and the profits take care of themselves.
I am all but forced to agree with the logic of the last poster,on managing risk, and NNVC.
It doesnt look like the stock made any great pop today, with the day almost done now,and NNVc still sitting in the 1.04 slot,just above 1 dollar.
I did exactly was Sky Prince did, except I made closer to a triple, and now I am sitting on 10K shares on the house.
I did the same thing as the poster above, except I made closer to a triple. Now my remaining 10K shares are free.
gold & silver are hot...do one ATR for gold & silver?
Allan,
I loved this site a year ago, waking up to a friend that wasn't out to make money from me. I've seen others go that route - DMG for eg - and am confused how most give the impression at first that they are so good at what they do that they don't need to charge. Much has changed; just expressing the sadness of that since I've never made money from any of them ( unless NNVC takes off ie ). They were rare birds and I wonder if they miss the spirit of giving a little to help others struggling among the sharks rather than being governed by what subs will think. Before anyone says it...I've lost so much going short in the last year I cant afford to pay for advice that doesn't work for me.
Fair enough, but you are missing a huge piece of the puzzle. Although my bias as exhibited in my commentary has been to the short side much of this year, the Daily Trend Models have been excellent in staying long, especially the individual stock models.
For example, returns on current positions include AAPL +22%, AMZN +36%, BIDU +24% GOOG +31% and PCLN +88%.
In other words, the Trend Models are beating the pants off of my opinions. My commentary is subjective while the Trend Models are objective. I'm not selling my opinion so much as I am selling these Trend Models and the algorithm that is generating those returns.
You can beat me up all day on what I say about the markets, but if you take a close look at actual trading results, you have no reason to not be enjoying those type of returns.
I hope you understand what I am saying and take it all in the spirit of FIND SOMETHING THAT WORKS. THEN TRADE IT.
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"In other words, the Trend Models are beating the pants off of my opinions."
Excellent, Allan.
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