This ones a heck of a specualive investment but it seems that the institutions are willing to stomp up the cash to back it in the long term.

Heres the latest news from Killik stocbrokers on the company..........

MEDICAL MARKETING Joint Venture

We recently highlighted Medical Marketing (MMG) as worthy of attention. The company, in which I have a personal share holding, has this morning announced the formation of a joint venture, Genvax, to develop a novel DNA vaccine platform technology.

Human trials have been underway since 2001 in areas such as Lymphoma and Myeloma but the technology has broad applications in cancer, viral and bacterial infections (hence the term platform). The technology works on boosting the immune system by teaching it to identify hard to recognise cancer proteins as foreign and destroy them. Early results from the 25 patient trial in lymphoma are encouraging and evaluation of the result is expected by March 2005. Successful results should mean big pharmaceutical groups will start to take financial and commercial interests around that time.

This looks to be the first of a series of announcements due from Medical Marketing as it has a range of predominantly cancer trials moving into the clinical stage. (news flow could push the price higher)

The stock has made good progress in recent sessions up to the mid-80p level where the company is valued at just under 40 million. ENDS.

Please DYOR

cheers GF.

EK actually owns a large stake in GMC and I believe maybe a director?--he's not likely to short his own stock!! I hope^^

Chad in the next couple of weeks...

I have just bought in again having missed out on last weeks fantastic gains but sold at a modest profit so I hope this time to ride them right up!! Mitzy do you mean news in the next couple of weeks?? I hope so. cheers MP

Good to av u on board MP.

Mitzy, cheers for the reply.

Mitzy, now that this board is full of investors who have paid a good sp can you confirm what you mean by "a couple of weeks" and how you know?
I have and do value your input here but in September you said news in a couple of weeks and it ended up being March 2005 and the sp drifted from 80p to 60p.
If we have to wait months for this news I can see sp easily hitting 200p and maybe even down to 180p? Timing is going to be the essence with this one now.
For info, I'm not shorting, just using my knowledge of MMG sp movements after holding for over a year. Those who have bought based upon MMG portfolio of products coming through should Hold or ADD. These are fantastic breakthroughs and the big pharmas need them. I am just taking a view at the moment of where the sp will hold, I'd rather pay 230p next week with it holding up well than see it fall to 180p and think scollops!! The lower it falls the more time I have to get back in. I sold some because a profit is only a profit when taken, I also held when down most of last year and you should do the same now if you are holding a paper loss, it will eventually be a good profit.
MMG will be huge but between news it will fall until there is THE major breakthrough.

Nothings for certain Andy and personally speaking I've taken a battering this past week when I could have sold..first of all DB is meeting the analyst from Peel Hunt to discuss his note sometime next week and then there the updated Insinger note where if you remember they had a short term target of 160p about 6 weeks ago .Yes I recall saying there would be news back in September and the Oncosense trials news is about 3 months overdue but I am told there is nothing to worry about as everything is in order but what we need to hear is news of a tie-up with a large pharma which will really lift the shares and until we hear that I would expect the sp to drift.Having said that the sp has almost quadrupled in less than 3 months to be a star performer this year so any fallback is probably only profit taking..
cheers.

Mitzy, thanks for that, glad to hear that despite the euphoria around MMG that another hardened follower agrees with me that the sp could drift back after such a large rise. MMG can, sorry WILL go much further but now I'm glad I gambled, took profit and can buy back in at the appropriate time. I now have a very good margin to get back in with more shares or spend less dosh to get mine back. MMG is still a success story just beginning and I took a big gamble but history of holding this share and taking a risk for once appears to have paid off for me.

I have just gone into MMG at 223p. I think it is bottom fishing now. Looks cheap considering its potential.

Another bear raid this morning and its now back to where it was before the Genvax news thats almost 100p off in the last 6 days and if it falls below 200p I would consider buying more.dyor.

Mitzy, maybe if more people knew what you knew about the imminent further development updates, MMI would not be as oversold as it is now, back to pre-Genvax levels as you said. Time to buy more on the cheap?

My bum's sore today.

MS

chad:
Indeed it is fairly cheap below 200p and could bounce here back to 220p in a few days..

By the way, where has Goldfinger got to these days?

Mickey Skint - Must have been that curry you had last night?

B

Got this from the other place. Good points.

THE CENTRAL QUESTION: IS MMI A BIT SPECIAL?

Technical analysts and shorters and generally those who think this has come too far to fast point to other companies such as Oxford Bio and Alizyme which had a spike but fell from there.

But is MMI a bit special?

The chart of Glaxo was pretty much up and up and up...

MMI has a drug which is seeking to replace the BIGGEST SELLING CANCER DRUG TO DATE. It has a high chance of doing this as it is very similar to the existing drug and because the inventor of the previous drug sought to join the team. This is blockbuster with a capital B.

Apart from the fact that MMI have a great business model, have achieved something with Genvax and DNA cancer vaccines that others have faied to acheive for 20 years. This potential in Ruthenium just makes the shares plain cheap to me.

MMI will soon have more potential blockbuster drugs in the clinics than major pharma companies such as Astra Zeneca.

I am long and my view is that MMI is indeed a bit special.

Slap

An other good one. The boys on the other side can be sensible when they want to.

On the subject of valuations (and I'm probably not telling you much you don't already know) from a financial perspective, a theoretically correct approach would be:
-forecast sales for the drug (if successful) over the life of the patent
-multiply this forecast by the percentage royalty rate: I believe someone on this thread said 20-30%. These are cash flows accruing to the IP holder.
-discount these back to their present value, using the cost of capital for a large pharamcetical company or market sector. This is the value of the drug right now.
-multiply this by the probability of bringing the drug successfully to the market.
This should be the current market value of the drug.
Doing this exercise for Oncosense, using pessimistic assumptions, gave me a value of 3 per share for MMI. If you relax the assumptions you start to get numbers which are difficult to believe.

Incidentally, my impression is that it is a foregone conclusion that Oncosense will go into clinical trials.

...coming back nicely now - time to catch that knife?

Tomorrow is the last day for CGT allowances, so wouldn't be surprised if the shorters had another pop.

MS

Even it was a lot higher when I got in, but I feel like gaining now. Wish more buyers tomorrow.