Biotech Values

[apljack]

CXM: There are many small biotech co.'s who claim to have discovered a new way to heal wounds. They range from "pie in the sky" to laughable scams and include (in no particular order): Kane Biotech (TSX-KNE), Cytomedix (CXMI.OB), ULURU (ULU), and Derma Sciences (DSCI), as well as a plethora of private boutique co.s with methods of treating wounds in a variety of ways.

I have followed DSCI and CXMI.OB (primarily because this one is a local co. and I know a couple of the original principals who are no longer with the co.) DSCI actually has pretty good science behind it, but the prospect of using a Manuka Honey-based dressing for wound care is likely to remain offputting to "mainstream" medicine and will likely remain a niche product.

CMXI is mostly scam level biotech pump and dump. I would estimate that most are: they have far too little capital to pursue their claims, and they have far more competition from established medicine than they wish to acknowledge. If you were an established physician, would you rather A) proposed to use a nonreimbursable technique with sketchy, at best, data to treat a patient's wound, or B) send them to a hyperbaric wound treatment Ctr that is medicare approved and reimbursed.

That said, I have several friends who have recently used Platelet Rich Plasma (PRP) therapy to accelerate injury healing. I find this form of therapy is not too far from many of the above co's attempts to use biologs to push the healing process. See the link below:

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2682411/