Replies to post #24256 on Propanc Biopharma Inc (PPCB)

[Revorising]

I hear ya see below... Funds are currently being put to use i imagine. I respect your opinion, seriously, everyone views ppch differently. Still too many good things to be hopeful for... Ppch is doing this all backwards. Usually a company has funding and is entering into trials prior to IPO... Thats what folks dont get. This is a real treat, especially since one can understand the time and efforts that go into getting a drug approved...


MELBOURNE, Australia, March 17, 2015 /PRNewswire/ -- Propanc Health Group Corporation (OTCPK: PPCH) ("Propanc" or "the Company"), an emerging healthcare company focusing on the development of new and proprietary treatments for cancer patients, today announced it has raised $468,500 from institutional investors so far this year, with $532,500 in additional funding commitments. Funds realized from this financing will be used to complete the next phase of animal studies which are pivotal for entry into human trials and initiation of licensing discussions for its lead product, PRP.

[badshah]

I too have thought about that anomaly...how does one dream of making it big with that kind of budget ? That is why I asked the question who came up with the formulation of PRP ? Did it just fall out of the sky or did someone do some serious research (costs money) before PRP was invented...

But then I began to think that there are 3 universities with research leads and their teams involved in researching this drug...clearly these guys do not work pro bono or with the noble purpose of curing cancer for all humanity on their dole..there must be some kind of arrangement with the universities to share in the wealth that could ultimately accrue...also, if I am not mistaken, that company that manufactures the drug itself is co-owned by Nathanielz...lots of Qs that need clarification...hopefully all this will not be neded with one good shot in the arm by some VC...

[robert90]

Ah, yes... the research expense. Forgive the slight sarcasm but did not see the partnerships with universities that are doing the actual work? It would be presumed the expense they put into it in return for usually royalties if this pans out. This keeps company expenses on research to a minimum because the 2-3 partnerships they do are picking up the tab. Enjoy :)

Once you know that tidbit the red herring of an issue goes poof.

Slight disclaimer hold no position here yet til if she hits 2 or possibly 3 for a small flip opportunity. I do check up here every now and then.