Replies to post #1864 on Spencer Pharmaceutical (SPPH)

[sunspotter]

"It doesn't take 2 seconds to develop such technology so OBVIOUSLY it'll take time. "

From the link to SPPH's own propaganda that you kindly provided:

"Phase 2 March 2011 to June 2011


Additional Animal Testing of Met4
Fill Health Canada and FDA submissions for fast track approval request
Sign Distribution and or Licensing Agreement in the Middle East, North Africa and various European Union countries
Begin Commercialize the Met4 in the Middle East, North Africa and various European Union countries."

First off, there is no rationale under any existing protocol for FDA or Health Canada to grant a fast track approval process to (yet another) modified release version of metformin. This is already a well-satisfied market niche with no outstanding medical need that can be satisifed by Met4 and not by any other product.

Second, no pharmaceutical will ever be approved in the US, Canada or the EU without being tested in humans. Which, if you think about it, is quite sensible really, not to say quite re-assuring.

And yet these published timescales from Spencer Pharms do not allow for this very necessary step to take place.

It's unlikely they could even file an IND or the EU equivalent by June 2011, let alone begin commercializing Met4. Being optimistic, 2013 is probably the very earliest that could happen.

Nor does SPPH's balance sheet contain anything close to the millions of dollars that comparative clinical studies in humans will cost.

SPPH's "management" must know this, and yet they wilfully propagate deliberate misinformation. That's known as a scienter, and is highly illegal.

This promotion behind stock is clearly fraudulent, and I'm surprised that so many people seem happy to ignore that plain fact.