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Replies to post #90570 on Biotech Values
02/12/10 3:35 PM
02/12/10 4:05 PM
On the other hand, recognizing that every drug development carries risk, we have attempted to set the study up to become a huge financial success for the shareholders. Assuming we are right, Multikine will become the first treatment to be used in the treatment of nearly all newly diagnosed head and neck cancer patients (about 650,000 patients worldwide). It will become part of the new standard of care. That means that doctors will be advised to use Multikine as the first treatment for head and neck cancer patients. Insurance companies and governments should reimburse the use of Multikine because it will be cost effective and because they pay for the current standard of care treatments, surgery, radiation and chemotherapy. This would translate into billions of dollars in sales while at the same time helping to save lives. Usually such successes are shared with a big pharmaceutical partner and the upside for the small company's shareholders is limited. In the case of CEL-SCI, shareholders still control most of the upside as CEL-SCI still owns all of the major marketing rights. Very few companies find themselves in this advantageous position as they enter Phase III. A major drug for a large unmet medical need, unencumbered by a partnership in the biggest markets!
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