Bioprogress is a stock I have been in and out of quite a few times since it floated in May but not much mention here on the Investors' Room. Does anyone else follow this stock. I see it is up 1.5p today and a few good buyers seem to have appeared.

From amongst the dross at the other place


http://www.advfn.com/cmn/fbb/thread.php3?id=6121178&from=83098



sthomson2 - 20 Oct'04 - 13:56 - 83087 of 83098


CHECK THIS OUT.... JUST CAME OVER MY BLOOMBERG

Page 1 of 3
MWR 08:46 AXM Pharma Secures Exclusive Distribution Rights for Dissolving

AXM Pharma Secures Exclusive Distribution Rights for BioProgress
Soluleaves(TM) In-the-Mouth Dissolving Film Oral Drug Delivery
Technology for Prescription and OTC Markets for Its Sunkist Brand
Nutritional Supplements and for AXM House Brands in China

NEWPORT BEACH, CA -- (MARKET WIRE) -- 10/20/04 -- AXM Pharma, Inc.
(AMEX: AXJ) announced today that the Company has acquired the
exclusive distribution rights in China to certain formulations of the
Soluleaves(TM) oral drug delivery technology using
dissolve-in-the-mouth films developed by BioProgress plc (LSE: AIM
BPRG) The agreement includes the option to extend the distribution
rights throughout Asia. The products will be manufactured by the
BioProgress subsidiary BioTec Films LLC and will be distributed by
AXM Pharma under the Sunkist brand and under AXM house brands.

The market for in-the-mouth dissolving films was pioneered by the
Warner Lambert division of Pfizer in the United States where sales of
Listerine breath freshener in the USA were reported by Information
Resources, Inc. to reach $200 million in 2001. The consumer-ready
acceptance of the in-the-mouth dissolving film concept quickly
resulted in product introductions from Wrigleys and Kraft foods under
the Altoids mint brand. BioProgress plc, through its BioTec films
subsidiary in Tampa, Florida, has successfully developed vitamin and
nutritional products in this delivery mechanism and has several
patents granted and in application for innovative processes which
enable the delivery of pharmaceutical drugs in soluble film.

The market for advanced drug delivery systems is expected to grow
from $16.28 billion in 2000 to $27.35 billion in 2005 in the United
States according to a Business Communications Company report. Drug
delivery technologies make medicines more convenient and acceptable to
patients by simplifying the dosing regimen and improving
administration, which helps to improve patient outcomes, quality of
life and reduce costs.

Oral delivery of drugs using fast dissolve in-the-mouth films is
ideal for line extension of existing drugs and for drugs that no
longer have patent protection. This technology provides a
competitive advantage to companies with competing drugs that have
very little difference in therapeutic effect. By offering a unique
formulation that tastes good and is easy to take anytime, anywhere
and without water or fluids, a drug company has a distinct advantage
over its competition.

Market research at CIMA Labs shows that a significant percentage of
consumers prefer orally dissolving drug delivery to conventional
pills, tablets and liquids. 70% of consumers studied would ask for
and purchase oral dissolving drugs, and nearly 90% said they
preferred this to conventional drug delivery.

-----------------------------====================------------------------------


Page 2 of 3


"A key component of success in orally dissolving drug delivery is
good taste. This makes taking medication easier, especially for
children and the elderly, who traditionally have difficulties
swallowing more conventional dosage forms," said Peter Cunningham,
President and CEO of AXM Pharma.

AXM Pharma's technology will be beneficial in taste masking
prescription and over-the-counter drugs. Additional research at CIMA
Labs shows that patients prefer good-tasting formulations to bland or
non-flavored products. According to a recent article in Drug Delivery
Technologies, "The main factor that will differentiate the drug
companies fighting for market share in an increasingly crowded
pharmacy will be taste."

Faced with soaring R&D Costs, an impending onslaught of patent
expirations, mega-merger mania, and increasing consumer demands for
improved medications, drug companies are relying more heavily on
advanced drug delivery technologies to help sustain high growth and
profit margins. With more than 50 patents expiring by 2005,
including a number of blockbuster drugs, they are under intense
pressure to replace these losses with new or improved drugs.

Developing a generic requires use of sophisticated drug delivery
technologies that must not only match the pharmacokinetic profile of
the reference drug, but must also avoid the innovator's patents. Oral
dissolving drug delivery's ease, flexibility and rapid development
time can increase the chances of a generic being first to market.

Drug companies can use drug delivery technology to extend exclusivity
on their drugs by replacing sales of a product with an expiring patent
with a different chemical entity or brand name.

AXM Pharma Inc., http://www.axmpharma.com, through its wholly owned
subsidiary, Werke Pharmaceuticals, Inc., is the 100% owner of AXM
Pharma Shenyang, Inc. ("AXM Shenyang"), a Wholly Foreign Owned
Enterprise ("WFOE") under the laws of the People's Republic of China.
AXM Shenyang is located in the City of Shenyang, in the Province of
Liaoning, China. AXM Shenyang and its predecessor company Shenyang
Tianwei Pharmaceutical Factory, Ltd. ("STPF"), has an operating
history of approximately 10 years. AXM Shenyang historically has been
a manufacturer and distributor of proprietary and generic
pharmaceutical products, which include injectables, capsules,
tablets, liquids and medicated skin products for export and domestic
Chinese sales. AXM Shenyang is currently awaiting re-licensing of its
pharmaceutical products pursuant to new national licensing
requirements for pharmaceutical products in China and certification
of its new factory. Approval of the re-licensing and factory
certification is expected in the fourth quarter of 2004. For
additional information on AXM Pharma Inc, please visit

-----------------------------====================------------------------------


Page 3 of 3

http://www.iccinfo.com or call Investor Communications Company, LLC
at 708-447-6834.

Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: The statements contained in this news release include
certain predictions and projections that may be considered
forward-looking statements under securities law. These statements
involve a number of important risks and uncertainties that could
cause actual results to differ materially including, but not limited
to, the performance of joint venture partners, as well as other
economic, competitive and technological factors involving the
Company's operations, markets, services, products and prices. With
respect to AXM, except for the historical information contained
herein, the matters discussed in this news release are
forward-looking statements involving risks and uncertainties that
could cause actual results to differ materially from those in such
forward-looking statements. Potential risks and uncertainties
include, but are not limited to, AXM's extremely limited operating
history, uncertainties related to the Company's access to additional
capital, competition and dependence on key management.



Contact Information:
Tom Bostic
Investor Communications Company, LLC
(708) 447-6834
Provider ID: 04074458
-0- (MWR) Oct/20/2004 12:46 GMT

At last - here we go!!!

Price going up-why no rns on this?

Always difficult to determine why the price has shot up today after a poor start, except to say that the NASDAQ listing, although delayed, is good news, and the market is waking up to the potential of the US tech savvy investors piling into this stock in a few days time!

Yes,but is'nt the bloomberg news price sensitive?

RNS in the morning plus Nasdaq listing...maybe.....

emailpat: In an orderly world you would expect co-ordination between both companies on price sensitive announcements. This announcement must have slipped through..after all it does put BPRG on the map...perhaps management's attention is on the NASDAQ issues! It will be interesting to see if BPRG issue a follow up RNS.

Rather naughty (or an oversight at best!)of BPRG to post an RNS this morning after the announcement coming out in the US yesterday..during UK trading hours!

Bprg trading $21.7 on nasdaq..represents 10 shares/ 1.8 (cable)
gives a uk equivalent of 1.205 GBP currently trading at 1.26 GBP
which way to go? long NASDAQ or short london? decisions..decisons

The yanks are getting a bargain, won't be at these levels long (hopefully) if all the rumoured deals come to fruition.... DYOR.

I agree... sold in the panic at 1.29.. bought back again
at 1.23... trying to buy some yank adrs

bid offer 22.50 - 24.... GBP 125 - 133.

Loading up in the morning..IMHO a reasonable
short term trade..again..

Probably has 130 in it over the day.. DYOR

In for the long term want alot more than 1.30 for my shares...

It will be a lot more than 130p....see below.

New China deal for Bioprogress
MoneyAM
Drug delivery technology company, BioProgress, said it has signed a licensing deal for China and Taiwan for its Soluleaves dissolve-in-the-mouth films that could yield 'at least' $2m to revenues over the next two years.

The announcement comes on the day BioProgress makes its debut on the Nasdaq exchange in the US, with is American Depositary Shares listed under the ticker BPRG.

BioProgress said it has granted to AXM Pharma Inc two years' exclusive distribution rights in China and Taiwan for Soluleaves delivery of children's multivitamins, vitamin C and echinacea. They will be manufactured by BioTec Films LLC in Florida and distributed by AXM under the Sunkist brand and AXM's house brands.

'I am confident that (the deal) will add at least $2m to our revenues during the initial two year period, with the majority of this flowing straight through to the bottom line,' said BioProgress chief executive Graham Hind.

Now $24-$24.25 should open up in the morning

Janus where are you getting that quote? I have tried several places and can't get any?

Jumpin, That actually came from a friend in the US but you should be able to get it on the Nasdaq site or even Yahoo when the market is open

http://tinyurl.com/4ppq2

http://finance.yahoo.com/q?s=BPRG

I tried that and several other places but no quotes yesterday

you will get a quote on cnn money.com when it is added to the adr list today or monday

Jumpin
go to www.nasdaq.com and get quote with bprg.
geoffcow