|ImmunoCellular (OTC: IMUC.OB): Top Gainer in Cancer Immunotherapy Index|
|Wednesday, 16 September 2009 09:49|
The Mentor Capital Cancer Immunotherapy (CI) Index of 10 leading cancer immunotherapy stocks has increased 58% in its first two months of reporting. The CI Index gain was paced by the 233% share price improvement of ImmunoCellular Theraputics, Inc. (OTC: IMUC.OB) under the leadership of CEO Manish Singh, PhD.
The increased interest in the immunotherapy companies and growth of the sector followed the positive Phase 3 results of Dendreon (NASDAQ: DNDN), a CI Index component company, for its prostate cancer product Provenge and resulting 1,000% share price improvement during the Spring of 2009.
In cancer immunotherapy, instead of chemotherapy, surgeries and radiation, the body’s own immune system is triggered to attack cancer cells. The different companies target different proteins for different cancers or cancer components. Patients report only flu-like symptoms as their now activated natural defenses attempt to eradicate or stabilize the targeted cancers. The USA market addressed by the Cancer Immunotherapy Index companies is estimated at $45 Billion.
The current combined market cap of the index component companies is $3.6 Billion. In addition to ImmunoCellular Therapeutics and Dendreon, the CI Index features Oncothyreon (NASDAQ: ONTY), Antigenics (NASDAQ: AGEN), Biovest (PINK SHEETS: BVTI.PK), Celldex Therapeutics (NASDAQ:CLDX), Northwest Biotherapeutics (OTC: NWBO.OB), CEL–SCI Corp. (AMEX:CVM), Generex Biotechnolgy (NASDAQ: GNBT) (as a proxy for its wholly-owned immunotherapeutic subsidiary, Antigen Express) and Mentor Capital, Inc. (PINK SHEETS: MNTR.PK) as proxy for its privately-held investee Quantum Immunologics, Inc.
The stock research section of BioMedReports.com has been expanded to include medical, scientific, and industry research report categories – including five new files for privately-held Quantum Immunologics (QI) related to its experimental dendritic cell (DC) cancer immunotherapy (CI) that targets OFA-iLRP (oncofetal antigen – immature laminin receptor protein) and most recent corporate presentation. Click here for my updated article on QI, following its presentation last week at the Rodman & Renshaw Healthcare conference.
The CI Index was developed in consultation with Mike Havrilla, PhD, co-founder and Managing Editor of BioMedReports.com. Dr. Havrilla actively manages 23 indexes, 12 of which are focused on modern healthcare trends. The Mentor Capital Cancer Immunotherapy Index is primarily an immunotherapy subset of his Cancer Diagnostic & Therapeutic (Dx/Tx) Micro-Cap Index. Weekly detail updates of the Cancer Immunotherapy Index may be reviewed at Mentor Capital’s recently revamped and expanded website.
Disclosure: Long IMUC.OB, MNTR.PK. See my full disclaimer at MikeHavRx.com at the bottom of any page.