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VOLUME
04: ISSUE 25
Feature:
BioCurex - Firing on ALL cylinders.
As
dawn broke, Monday, BioCurex (OTCBB:
BOCX) stormed out of the gate, trading north of $1.40 a share.
The shares closed at 54 cents, Friday.
In our original Trading
Alert late last year, we brought the shares to the SmallCap readership
at 17 cents. That's more than an 800 percent gain in six months.
Salient points:
The company released it's 2004 strategic
plan, Friday (release attached)
Extremely impressive initial Lung Cancer
detection results with the company's Serum-RECAF blood test were released
Monday morning (release attached)
Management has been working diligently--and
successfully-- to tell its story to potential investors and partners
With the adoption last week of the naked
short selling rule, the stock has likely been the beneficial recipient
of some short covering.
Recent results noted and others to come
continuing to validate the company's technology and potential.
Needless
to say, the shares have moved further and faster than anyone anticipated.
While we believe that there could be some pullback from these levels, there
is little doubt that over the long term, the commercialization of BioCurex's
diagnostic technology could yield huge results.
As today's action still only
market caps the company at $25 million, commercialization of its technology
within cancer test markets --that are worth billions of dollars a year--still
make the shares a compelling long-term buy.
That said, for SmallCap readers that
followed our initial Trading Alert, an extremely large gain has been noted.
One certainly couldn't be faulted with taking at least a partial trading
profit. A decent core position and adding to holdings strategically would
be the best play from here. Investors will want to own this stock for further
announcements and potential partner and alliance deals to come.
We will have a more detailed assessment
of the company's activities in the near future, but for now, suffice it
to say that both the acceptance of the technology and potential developments
to come are extremely encouraging.
Quiet no more...
While the shares and the company
have been relatively quiet over the last few months, there is little doubt
that that has changed. With results regarding the company's Histo-RECAF
biopsy tests in Japan and France to be released soon, and talks with potential
licensees and strategic partners ongoing, BioCurex has moved onto investor
radar screens, not with a whimper but a bang. And we believe that the fortunes
of this unique company will continue to increase over the coming weeks
and months.
The commercialization of BioCurex's
technology is merely the first step in the long-term development of more
cancer therapies and treatments to come. Patience has been an extremely
worthwhile strategy for investors of this company even though, until recently,
there hasn't been much to publicly disseminate.
As we said, that's obviously changed
and as more news comes out, we will keep you apprised. For now, enjoy the
ride and know that we believe the best is yet to come.
Take a few moments to read the accompanying
press releases. We think you'll agree there is much afoot at BioCurex.
Press release #1
BioCurex: Aggressively Moves Ahead
with 2004 Strategic Plan
Friday April 2, 4:56
pm ET
RANCHO SANTA MARGARITA,
Calif.--(BUSINESS WIRE)--April 2, 2004--Dr. Ricardo Moro, President and
CEO, BioCurex Inc. (OTCBB:BOCX
- News) released the
company's corporate forecast for 2004.
The core of BioCurex's
technology is the discovery and subsequent patenting related to a molecule
found on cancer cells that is practically absent from normal cells or benign
tumor cells. The molecule serves as a cancer "marker" that is found on
the surface as well as inside a cancer cell. The company has called it
RECAF(TM).
Initially, the company
developed and reported on a tissue test (Histo-RECAF) and received FDA
recognition for its ability to detect cancer cells. The product development
and subsequent approval provided early proof of concept for its technology.
In 2003, the company
developed and tested a blood test for RECAF(TM) that is unparalleled in
its ability to detect many types of cancer with 90% sensitivity and 95%
specificity in the cancers the company has studied to date. No other company
can make this claim; BioCurex has superb technology.
The types of malignancies
in which the assay has been shown to work cover 60% of all types of cancers.
Therefore, it is reasonable to suggest that the Serum-RECAF(TM) test could
find use in general screening of many populations, enabling an early diagnosis
of any of these cancers. Early detection is the key to providing improved
prognosis for all cancer patients. Further, the test should find early
use in the monitoring of cancer patients who have received treatment, but
who must be regularly evaluated for any recurrence of cancer.
Strategic Plan for 2004
*
Results from Japanese and French tests for Histo-RECAF biopsy test expected
shortly
*
Continued testing of various cancer types with the company's RECAF technology
with timely reporting of results
*
Discussions currently underway for licensing of BioCurex technologies with
strategic alliance partners
*
Expansion of specific non-disclosure agreements with well-established potential
licensees for the exchange of data.
*
Intent to finalize -- in 2004 -- a major licensing deal as well as deals
with smaller companies for niche applications of the company's unique technology.
*
Directors and Officers will continue taking shares or options in lieu of
salary to maintain cash for research and development.
*
Realization of further patents for over 40 claims granted or pending in
over 20 countries. (A RECAF patent for China was granted in late 2003)
Other patents previously secured in the United States, Australia and Russia.
*
Continued research and development for enhancement of the company's products.
*
Planned use of the facilities of large licensees to acquire FDA approval
where applicable. Allows their well established pipelines to expedite the
process. Approvals for diagnostic tests take place in short time frames
*
Once RECAF has developed licensing relationships for its proprietary diagnostic
tests, more efficacies will be developed for cancer therapy and management.
*
Minimal competition identified due to proprietary nature of BioCurex's
technology as well as patent protections in place.
BioCurex has worked diligently
and progressively to develop, test and improve its technology. The company
has demonstrated unique ability to detect various cancers with a blood
test -- something which has not been possible to date in the world community.
In a number of cases, BioCurex has been approached directly by well-established
medical testing companies to engage in substantive strategic alliance and/or
licensing discussions. The company expects that trend to continue and increase
as its products gain more exposure within the medical and oncological communities.
To read more regarding
the state of the company, kindly visit its Web site at www.biocurex.com.
Contact:
BioCurex Inc., Rancho
Santa Margarita
Dr. Ricardo Moro, 866-884-8669
Fax: 866-437-2277
Press release #2
BioCurex Blood Test Detects 90%
of Leading Cancer Killer
Monday April 5, 8:30
am ET
RANCHO SANTA MARGARITA,
Calif.--(BUSINESS WIRE)--April 5, 2004--BioCurex Inc. (OTCBB:BOCX
- News) announces
results for lung cancer detection using its proprietary Serum-RECAF(TM)
blood test. The results confirm 90% sensitivity with 95% specificity*.
The findings further
substantiate the use of RECAF(TM) as a universal cancer marker with a potential
market size of $2 billion per year for all cancers.
The study included 32
lung cancer patients and 103 normal donors with statistical verification.
Dr. Moro commented: "Lung
cancer is a terrible disease. It kills more people than any other type
of cancer and it kills in a terrible way, by asphyxiation. It is gut wrenching
to realize that even thought this is a preventable disease, the number
of new cases and deaths keeps increasing each year. It is well established
that early diagnosis results in better prognosis and that is why it was
so important to develop a sensitive lung cancer test that catches 90% of
cases with only 5% of false positives. Moreover, there is no other blood
test that can detect lung cancer at the present time. The ultimate benefit
to society could be enormous."
These results are consistent
with those obtained for other types of cancer and strengthen the concept
of using Serum-RECAF(TM) as a valid test for screening the general populations
for cancer. Since lung cancer, as well as many other cancers, is difficult
to detect, the overall value of the RECAF technology in human and market
terms is significant.
Dr. Moro further stated,
"It is not well understood by the general public, that we have very few
methods available to tell if a person has a cancer. In fact, for most cancers,
there are no existing specific tests. This is why RECAF is such a valuable
technology. Even if we could only detect one type of cancer, we would have
a significant discovery, but the studies demonstrate that we obtain continued
excellent results in many differing types of cancers and at very high detection
values. We are very excited about our potential as a biotech company."
About lung cancer:
Lung cancer is now the
most common form of cancer diagnosed in the United States and a major cause
of death. Lung cancer accounts for 14% of all cancers and 28% of all cancer
deaths. At present, more Americans die from lung cancer than from breast,
prostate, and colorectal cancers combined. Lung cancer has surpassed breast
cancer as the most common type of cancer in women. Smoking costs the United
States approximately $97.2 billion each year in health-care costs and lost
productivity. It is directly responsible for 87 percent of lung cancer
cases and causes most cases of emphysema and chronic bronchitis.
About BioCurex:
BioCurex, Inc. is a biotechnology
company that is developing products based on patented/proprietary technology
in the areas of cancer diagnosis, tumor imaging and therapeutics. The technology
identifies a cancer marker known as RECAF(TM), which is found on malignant
cells from a variety of cancer types but is absent in most normal or benign
cells. To find out more about BioCurex (OTCBB:BOCX - News), visit our website
at www.biocurex.com.
Note:
The Company has not authorized
the release of this information in any form that contravenes the Communication
Act and will not be responsible for unsolicited massive distribution of
this material by e-mail or facsimile by unauthorized parties. Statements
in this press release, which are not historical facts, are "forward-looking
statements" within the meaning given to that term in the Private Securities
Litigation Reform Act of 1995. The Company intends that such forward-looking
statements be subject to the safe harbors created thereby. Since these
statements involve risks and uncertainties and are subject to change at
any time, the Company's actual results could differ materially from expected
results.
# Sensitivity is the
number of true cancers picked by the test. Specificity is the percentage
of normal samples that are negative with the test. Since 100% specificity
is usually unattainable in biological systems, sensitivity is measured
at an accepted specificity value of 95%.
Contact:
BioCurex, Inc.
Ricardo Moro, 604-207-9150
Fax: 604-207-9165
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