
Cancer stocks are a dime a dozen these days with countless companies that have failed – some that failed at FDA trials and others simply because they never really developed a quality candidate in the first place. Investors knowledgeable in this field may recognize names like Genta’s GenaSense drug that failed three times during FDA trials and countless others that never even made it to that stage before running out of money. So, where are the quality companies in this space?
I will introduce you to an innovative new company that is taking a different approach by using an existing substance and repurposing it to fight cancer. This has helped it fast-track through FDA trials that test safety, while preliminary results from its efficacy trials also show great promise! Below we’ll take a look at its drug candidates, the clinical trial results, and why this stock could make a great high-risk, high-reward addition to your stock portfolio.
Provectus Pharmaceuticals, Inc. (OTC-BB: PVCT) is the company and its promising Phase 2 trial results and potential to fast-track its drug approvals make it a compelling opportunity for investors looking for a high-risk, high-reward play on a cancer drug!
Provectus Pharmaceuticals was formed by three scientists based in Knoxville, TN focused on developing Rose Bengal (RB) based drugs for the treatment of cancer and dermatology. The existing rose bengel compound appears to target rapidly growing cells with few side effects, robust efficacy, and appears to work with the immune system to combat them.
While many scientists have dismissed the possibility of using the body’s own immune system to combat cancer, Provectus scientists believe that this is the solution, and their preliminary data is beginning to show great promise in both oncology and dermatology fields. By thinking outside of the box, these scientists may have struck gold in the form of RB!
PV-10 for Oncology Provectus plans on demonstrating broad spectrum efficacy for a number of cancer indications, including melanoma, breast cancer, and liver cancer. The 10% RB solution is directly injected into tumors and may stimulate an immune system response that could combat the cancer. Preliminary tests in melanoma patients showed that the drug is well-tolerated and elicited a robust response in a majority of patients. The company’s lead candidate is a Phase 2 indication for metastatic melanoma, with Phase 1 trials already in progress for breast carcinoma and liver mets. |
PH-10 for Dermatology Provectus plans on demonstrating the effectiveness of its drug on psoriasis and atopic dermatitis (eczema) for pharma licensure. Preliminary testing showed robust positive responses in 94% of patients with virtually no systemic uptake or side effects. These dermatology indications will be commercialized first in order to generate the funding necessary to fully and effectively commercialize its potentially-blockbuster cancer treatment drugs. |
During the next year, Provectus will be focused on establishing paths to licensure and business development, which is where the big money contracts typically start to come in the door. Within this next year alone…
Assuming that the company’s plans with the Psoriasis/Eczema trials go well and it is able to license the drugs, it will not have to raise additional funds to complete the development of its oncology drugs either! This means that there could be a lot of upside with very little potential downside, especially given the success of their clinical trials to date.
CEO Craig Dees, Ph.D.
Craig Dees, Ph.D., has spent more than 20 years in senior management positions at Photogen Technologies, Inc.; the Oak Ridge National Laboratory; LipoGen, Inc.; and TechAmerica, Inc. Dees was a founder, senior scientist and founding director of Photogen before Provectus was formed.
President Timothy Scott, Ph.D.
Tim Scott, Ph.D., has served in senior management positions at Photogen Technologies, Inc.; Genase LLC; and the Oak Ridge National Laboratory. Holder of 16 U.S. patents, Scott was a co-founder, senior scientist, vice president and chief operating officer for Photogen Technologies. Scott also served as Photogen’s interim CEO and chairman during the company’s restructuring.
VP Eric Wachter, Ph.D.
Eric Wachter, Ph.D., has served in senior management positions at Photogen Technologies and the Oak Ridge National Laboratory. A holder of 16 U.S. patents, he was a co-founder of Photogen Technologies and served the company as a director, secretary, vice president and senior scientist.
CFO Peter Culpepper, MBA, CPA
Pete Culpepper has spent 20 years in the financial field working for a wide range of companies and industries in the U.S. and abroad, especially high-growth startups. His experience with for-profit companies ranges from private start-ups to publicly traded, global conglomerates. He also has worked with large non-profits and a national CPA accounting firm.
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