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SBWIRE) - 02/21/2013 - Bio Matrix Scientific Group Inc (PINK:BMSN) has recently applied in FDA to initiate clinical trials on HemaXellarate stem cell drug. The application in FDA is officially filed through the company’s fully owned subsidiary Regen BioPharma. The respective drug is used in treatment of patients with drug refractory aplastic anaemia.
Bio Matrix Scientific Group has also recently published a scientific rational for its HemaXellarate product with the help of globally renowned researchers.
The company’s management is very enthusiastic on its new product as the HemaXellerate is believed to be only therapy which has ability to treat aplastic anemia as well rebuilds the bone marrow tissue at the same time.
The share price is up 9.62 percent in today’s session in the morning at $0.0111. Almost 17.03 shares are traded in first hour of the session as compared to its average daily volume of 121.68 million shares.
To find out what OTCMAGIC projects for Bio Matrix Scientific Group Inc for both short term and long term please click here: BMSN
SBWire (http://s.tt/1A3zN)
http://www.sbwire.com/press-releases/bio-matrix-scientific-group-inc-pinkbmsn-goes-to-fda-for-clinical-trials-of-highly-anticipated-drug-210890.htm
Golong, I posted this earlier but I think it got lost in the posts:
Look up Telik (TELK) - They recieved orphan status from the FDA for their drug on Jan 11th of this year and stock price went from $1.47 - $3.40 in one day.
I will need some extra money here over the summer due to this possibly government employee furlough supposed to happen. My paycheck would go down by about 20% a month from April through September thanks government.
Could just be quietly aquiring shares in small amounts so that the share price does jump up too much and it doesn't get noticed.
What Orphan Status would mean for BMSN:
Look up Telik (TELK) - They recieved orphan status from the FDA for their drug on Jan 11th of this year and stock price went from $1.47 - $3.40 in one day.
Parris...lol I don't even know what to say anymore you are a joke.
The current PPS of any stock has no bearing on the merger status or possibility.
GOLDS flip flop posts from over the last 3 days it is actually halarious to watch:
Posts by gold56 Board Date/Time
Gap and trap!!! Bio-Matrix Scientific Group Inc. (BMSN) 02/21/2013 09:14:46 AM
Time to make bank playas Bio-Matrix Scientific Group Inc. (BMSN) 02/19/2013 02:26:50 PM
Charts looking bearish! Bio-Matrix Scientific Group Inc. (BMSN) 02/19/2013 12:43:21 PM
I honestly think that BMSN has a great chance of getting orphan drug status. The peer review from the labs at universities was positive and they would not submit for IND if they did not honestly think it has a large chance of passing. If this thing gets orphan status BMSN will explode.
Do even a little bit of DD and you will find the IND was submitted on Feb 5th.
If the MM's hadn't been messing with this over the last month this stock would already be up a the .02-.03 range by now. This still has so much potential. I realize people are getting impatient and frustrated, but stick with it and you will be rewarded sooner than later. We only have about 10-15 days or so left before the FDA makes it's ruling on if it has been approved for clinical trials. The chart still looks fantasic and this big run up filled some gaps as well as reset the RSI for the next leg up. News will blow this stock through the roof.
How is that a must see chart? Its just a picture copied from Stockcharts.com with no analysis?
BIG OL' hammer candle forming for today.
LOL MISO just this morning you were hyping this company up.
If you look at the technical chart, BMSN is still following the Fibionacci pattern line up, even with yesterdays drop it bounced of the Fibonacci line and it will bounce up stronger.
BMSN stair stepping ever since the initial dip.
Yup I flipped MCET, on friday and sold it yesterday after that huge jump, I took quick profits. I am not flipping BMSN however and I am on this train for the long haul.
MISO are you the new GOLD? Flipping every 5 minutes?
LOL Buzzie...dude comon man you know this still has so much potential here.. There is no reason for this to drop as much as it did in the first place.
LOL the selling yesterday had absolutely no reason for it and some of it was due to stop losses being triggered, why is everyone freaking out?
I agree 100% relyts, some of the selling yester was due to stop lossing being triggered by the MM walk down. This doesn't change the fact that this is a real company with great scientists on staff and a revolutionary drug. Within the next 10 days or so the FDA should make its ruling on if it gets approved for clinical trials. I would not be on the sideline for this. People who sell today are getting swindled out of their shares by stronger hands and I feel sorry for them.
This is not a joke it is a real company with good scientists working there with a drug that has performed positively in peer reviews from universities do your DD. They filed an FDA clinical trials application back on the 5th of FEB. IMO all the people selling now will be sorry in the next week or two when the FDA clinical trials get approved.
There were way too many shares and consolidation periods sold up way over .01 for this to say dow in this range.
I agree it was manipulation. All of this doesnt matter if the FDA passes them for clinical trials. This still has so much potential here. I've been in this since .0022 and even after the drawback today I'm up 300% so I still have q lot of breathing room to work with and let this ride out.
Lol, I'm still riding half a million free shares from way back in December. These one day fluctuations don't bother me at all.
WORST ANALYSIS EVER PARIS. YOU CAN'T COME IN BLATANTLY MAKE SH*T UP.
LOL SHUT UP PARRIS YOU ARE WRONG 100% OF THE TIME.
What the F happened I left work and when I got home it was down like 40%. I didn't see any bad news though????;
I'll take a 10% increase in a stock any day especially when it has been happening every day for the last 5 days or so. This will pop big one of these days, but i'm loving this slow steady 10-15% per day climb here.
The intraday trading range has become very tight here, could be a break out this afternoon after everyone gets back from lunch.
I'm having a great day today BMSN churning up over 10% and MCET up like 80% from where I bought in on friday.
It wouldn't make a lot of sense if ENTB ever passed BMSN in value since BMSN owns ENTB and also has their own buisness and medicines.
Gold...good let them get out, I will buy their shares for the next leg up.
That is old, that's from a few months ago.
Bid .0145 ASK .015 currently
The last few run ups had a pullback everytime, this last consolidation period over the last few days however did not. It has consolidated green which is a huge bull indicator and means that even on days without huge volume no one is selling and people are still buying the stock.
Yup, this might be worth as much as I make for my yearly salary at my job here soon lol. Can't complain about that!
I wouldn't be suprised if we have a bit of a sell off and profit taking at EOD before the long weekend.
Still is fantastic though, most non-investor types are lucky to make 13% all year on their 401k's or their mutual funds. We have been making it daily for a week now lol.
Just over the last 3 consolidation days we have gone up over 40% and we haven't even had a huge jump up yet.