goldfinger
- 01 Sep 2004 15:33
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.
mitzy
- 22 Mar 2005 14:05
- 766 of 2444
Hang on....it wont be long mickey.
snaylor
- 22 Mar 2005 14:21
- 767 of 2444
News just in. Check it out everyone!!
Medical Marketing Int'l Group PLC
22 March 2005
For Immediate Release 22 March 2005
MMI ANNOUNCES CANCER VACCINES UPDATE
Medical Marketing International Group plc (LSE:MMG), the Cambridge, UK-based
pharmaceutical development company announces progress on its vaccine biobaby
Genvax.
Investor update on the status of clinical studies using the DNA fusion
gene technology.
Conclusion of worldwide exclusive licence from Cancer Research
Technology Limited to commercialise the DNA fusion gene technology.
MMI investment in Genvax Ltd, increasing its shareholding to 58%.
Clinical trials
Professor Freda Stevenson, Professor of Immunology at the University of
Southampton, presented on the use of DNA fusion gene vaccines against cancer,
including preclinical developments and clinical testing, at the second Annual
DNA Vaccines Forum, London on 18th March 2005. The presented case-study included
an overview of the fusion gene concept and the clinical testing of the DNA
fusion gene vaccines against lymphoma; the first in a series of human clinical
trials using novel vaccines that use tetanus toxin to boost the immune response
against cancer.
The trials to-date have been funded by major cancer charities including The
Leukaemia Research Fund (LRF) and Cancer Research UK. This first clinical trial
was a dose escalation study involving 25 patients with follicular lymphoma, a
cancer of the lymph glands. Patients were recruited to the trial between 2001
and 2004. A majority of patients have shown an immunological response to the
vaccine. Side effects include mild-flu like symptoms, however no safety or
tolerability issues have been reported. The full results of this study will be
reported by Cancer Research UK and LRF.
In addition to the lymphoma clinical trial, two pilot clinical trials in
patients with myeloma (cancer of the bone marrow) are ongoing. At the University
of Southampton, the DNA fusion gene vaccine technology is being evaluated in a
clinical trial targeting prostate cancer. A further clinical trial, funded by
Cancer Research UK, is planned for later this year with vaccines targeted to
colon cancer and other solid tumours such as lung or stomach cancer (tumours
that express the cancer antigen CEA).
Licence
Genvax announces that it has concluded an exclusive worldwide licence with
Cancer Research Technology Limited (CRT), the specialist oncology technology
transfer and development company, for the commercialisation rights to the novel
vaccines that use immunostimulants, including tetanus toxin, to boost the immune
response. The vaccines were invented by Prof. Stevenson and her world-class
research team at the University of Southampton.
Investment
MMI will make a further investment in Genvax (from within existing budgets,
conditional on certain commercial milestones being achieved) to support the
ongoing commercial development of the cancer therapies based on this DNA vaccine
technology. As a result of this investment, MMI's stake in Genvax will increase
from 50% to 58%. This new investment will be used by Genvax to progress the
commercial development of the cancer therapies, and will include:
The development of the core technology at the University of Southampton
under the direction of Professor Freda Stevenson.
Clinical development of commercial vaccine constructs under the direction
of Dr Christian Ottensmeier.
Funding will also support the development of the manufacturing process for
the DNA vaccines at the National Blood Service GMP facility in Bristol.
The investment will also support the maintenance and continued prosecution
of the patent portfolio surrounding the use of immunostimulants in DNA
vaccines, including tetanus toxin.
Commenting on these announcements, David Best, Chairman of MMI Group and Genvax,
said 'Cancer is now the main cause of premature death in the western world. By
working with the major cancer charities, the world class research team at the
University of Southampton and the National Blood Service, together we now have
the potential to improve the lives of patients with cancer and to keep the UK at
the forefront of medicine'.
For further information, please contact:
David Best - Executive Chairman
MMI Group Tel: +44 (0)1223 477677
www.mmigroup.co.uk
Lisa Baderoon/Rebecca Skye Dietrich
Buchanan Communications Tel: +44 (0)20 7466 5000
lisab@buchanan.uk.com
bishopjeremy
- 22 Mar 2005 14:21
- 768 of 2444
duplicated rns removed
mitzy
- 22 Mar 2005 14:21
- 769 of 2444
Annoucement out now.. right on Q...
ateeq180
- 22 Mar 2005 14:27
- 770 of 2444
price drops after a sudden rise strange to me oh well.
mickeyskint
- 22 Mar 2005 14:28
- 771 of 2444
mmmmm well knowing nothing about the treatment of cancer, it didn't make that great a read to me and has done FA for the sp.
MS
seawallwalker
- 22 Mar 2005 14:28
- 772 of 2444
Well it looks okay to me, am I missing something?
License perhaps??
Not yet it seems..........
Down she goes....................................
seawallwalker
- 22 Mar 2005 14:30
- 773 of 2444
Another bloodbath?
Not really it seems
mickeyskint
- 22 Mar 2005 14:34
- 774 of 2444
Bloddy shite.
MS
seawallwalker
- 22 Mar 2005 14:39
- 775 of 2444
Seems to be holding at 170ish at the mo, and in come some buyers.
Not too bad.
mitzy
- 22 Mar 2005 14:42
- 776 of 2444
MM's overreaction as usual similar to Septs news.
mickeyskint
- 22 Mar 2005 14:49
- 777 of 2444
Pass the Valium.
MS
ronlloyd
- 22 Mar 2005 14:52
- 778 of 2444
pressed the wrong buttons...
mitzy
- 22 Mar 2005 16:04
- 779 of 2444
MM's trying to get peoples to sell at 170p and they succeeded for a while but the big buyers are back and pushing up the price to near high of the day.
goldfinger
- 22 Mar 2005 16:04
- 780 of 2444
Excellent news. Should get some rave right ups in the papers and fincial press this week.
cheers GF.
goldfinger
- 22 Mar 2005 16:11
- 781 of 2444
Short term speculators out, buyers returning in strength and I can understand why. Dont think many have realised the impications of the news. Please read the AFX announcement.
Cheers GF.
stuartth1309
- 22 Mar 2005 16:19
- 782 of 2444
Just hit 200p offer!!!!
mickeyskint
- 22 Mar 2005 16:22
- 783 of 2444
GF, Mitzy
Luv you.
MS
goldfinger
- 22 Mar 2005 16:23
- 784 of 2444
He He,lovely just lovely.
cheers GF.
mitzy
- 22 Mar 2005 16:26
- 785 of 2444
I must admit I bought in 5 mins before the Rns at 186p and then it fell to 170p within 5 mins.. but hey its all academic now as its reached my 210p level I predicted.Just imagine a vaccine for cancer within 2 years..off shopping now..!