Dow
Jones
10249.28
-29.47
7:32
am PST, April 15, 2005
NASDAQ
1937.00
-9.71
For
info, visit access.smallcapnetwork.com
S
& P 500
1160.80
-1.25
Change
your subscription status here
Russell
2000
590.41
-1.53
VOLUME
05: ISSUE 29
Feature:
Biocurex - Blood Test Detects More Cancers. MarketNotes.
Until
a cure for cancer is found, early detection of this disease remains paramount.
Biocurex (BOCX.PK)
announced today (release below) that it had found that its RECAF
blood test detected 92 percent of cervical cancers using only a drop of
blood per sample. The current Pap smear test has a detection (sensitivity)
rate of between 55-80 percent.
Currently, there is no commercial
blood test available for the detection of cervical cancer.
Today's
findings compare favorably with other results Biocurex has previously announced
for the early detection of prostate, lung, colorectal and breast cancer.
Technically, not much has changed
with Biocurex's market action. The shares are trading in a range of $1.25-$1.50
and should they breach $1.60, the next resistance level is $2.60. The shares
appear to have had a selling climax a couple of weeks ago that saw the
price swiftly move down to $1.05 on heavy volume followed by a decisive
bounce. For the uptrend to remain in place, we would like to see the shares
maintain a minimum closing level of above $1.20.
Our favorable impressions of Biocurex
and its technologies continue to grow. The recent Abbott licensing deal,
which, in our opinion, doesn't seem to be properly reflected in the share
price, merely adds to the potential for both the company's future and influence
in the diagnostics community. We suspect that there will be more deals
of this caliber in the future as well as significant R&D announcements.
For a review of management's discussion of the Abbott deal, have a read
of our March
29th and March
31st articles.
You say you want a revolution?
We believe that Biocurex has the
potential to revolutionize the way cancer is detected and ultimately treated.
Not to mention the potential savings to the healthcare sector as well as
lives saved. The company has further plans to expand its imaging and therapy
technologies, which can now be more focused after granting the Abbott semi-exclusive
license. Undoubtedly other companies are looking at that deal and given,
as the company has stated, the limited number of licenses available, we
expect more announcements in the future. As well, the company has retained
some core technologies with which it can also move toward commercialization.
While Biocurex remains in its formative
stage, recent announcements and corporate activities lead us to believe
it will soon move to the next threshold as more partners look it over,
review and potentially license its exciting technologies. We feel that
long-term shareholders should find a spot in the speculative end of their
portfolios for this always interesting, never dull company as it grows
both its technology and influence in several multi-billion dollar markets.
MARKET
NOTES
Two things:
First, later today. I'll make some
comments on the SCBLOG
regarding Spectrum's (OTCBB:
SPSC) announcement Friday morning re the Horne Engineering deal
(http://biz.yahoo.com/bw/050415/155150.html?.v=1
) as well as some other goings on at the company. The potential and promise
for SPSC to become a major player in the industrial and homeland security
sector seems to be coming together nicely.
Second, over the weekend, we'll bring
you a new international idea that will decidedly interest those looking
for a growth story in Europe using a service that, while well entrenched
in North America, still has significant potential over there. The potential
and metrics we feel are compelling. Don't miss it.
Press Release
BioCurex's RECAF Blood Test Detects
92 Percent of Cervical Cancers; Current Pap Smear Test Detects Only 55-80
Percent
Friday April 15, 10:20
am ET
RICHMOND, British Columbia,
April 15, 2005 (PRIMEZONE) -- BioCurex, Inc. (Other
OTC:BOCX.PK - News) announced today that it had completed a study in
which its RECAF blood test detected 92% of cervical cancers using a drop
of blood. The specificity of the test was 95.7%. The study included 25
cervical cancer blood samples and 69 normal blood samples. Currently, there
is no commercial blood test available for the detection of cervical cancer.
The National Cancer Institute
reports a sensitivity of 55-88% for detecting high-grade lesions using
a traditional Pap test (http://cancer.gov/cancertopics/pdq/screening/cervical/HealthProfessional/page5).
(Certain changes in the diagnostic criteria -- combinations of reference
thresholds -- may increase the Pap sensitivity to 70-80% with 95% specificity).
The 2005 estimated market
size for Pap smears is $1 billion for 2005 (See Note). The diagnosis is
performed under the microscope using vaginal material.
Dr. Ricardo Moro, BioCurex's
CEO stated, ``We are very satisfied with these findings which are in line
with our previous results for detecting other types of cancers. The accumulation
of positive results strongly suggests that RECAF is expressed by all types
of cancer thus lending additional support to the idea of using this cancer
marker for routine cancer screening. A RECAF test performed on blood collected
for other routine clinical analysis would likely prove much cheaper than
the traditional pap test, which currently involves a gynecologist to extract
the sample as well as a pathologist (or a sophisticated artificial intelligence
system) to read the results. Another very important application for Biocurex's
blood test is to improve the follow-up screening of patients who have been
operated on for cervical cancer; recurrence of the cancer or its metastases
could be detected early by periodically monitoring the blood levels of
RECAF, thereby significantly enhancing the chances of patient survival.''
About cervical cancer:
Worldwide, cervical cancer
claims around 190,000 lives annually, and is the third most common cause
of cancer-related deaths. According to the American Cancer Society, the
estimated number of women who will be diagnosed with invasive cervical
cancer in 2005 is approximately 10,370 in the United States alone. About
3,710 women, the same source states, will die from cervical cancer.
About BioCurex:
BioCurex, Inc. is a biotechnology
company that is developing products based on patented/proprietary technology
in the areas of cancer diagnosis, imaging and therapeutics. The technology
identifies a cancer marker known as RECAFtm, 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 (BOCX), visit our website at http://www.biocurex.com.
Additional Information:
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.
Note: The Worldwide Market
for Cancer Diagnostics, Nov. 2002 by Kalorama Information, a division of
marketresearch.com.
CONTACTS:
Fischer Health
Media Contact
Jennifer Brendel
310-577-7870 Ext. 108
Aurelius Consulting Group
Inc.
Dave Gentry
800-644-6297 Ext. 104
Chris Bemudaz
800-644-6297 Ext. 103
BioCurex Inc.
604-207-9150
Source: BioCurex, Inc.
We
Value Your Feedback
Got
comments, questions or suggestions? Send 'em on over:
Editor@smallcapnetwork.com
If you wish to send a written request
or inquiry, please send it to our physical address:
TGR Group, LLC
3525 Del Mar Heights Rd #334
San Diego, CA 92130
Unsubscribe
Here
D I S C
L A I M E R:
The
SmallCap Digest is an independent electronic publication committed to providing
our readers with factual information on selected publicly traded
companies. SmallCap Digest is not a licensed investment professional or
broker-dealer. All companies are chosen on the basis of certain financial
analysis and other pertinent criteria with a view toward maximizing
the upside potential for investors while minimizing the downside risk,
whenever possible. Moreover, as detailed below, this publication
accepts compensation from third party consultants and/or companies which
it features for the publication and circulation of the SmallCap Digest
or representation on SmallCapNetwork.net. Likewise, this newsletter
is owned by TGR, LLC. To the degrees enumerated herein, this
newsletter should not be regarded as an independent publication.
Visit
Here to view our compensation on every company we have ever covered,
or visit the following web address: http://access.smallcapnetwork.com/compensation_disclosure.html
for our full compensation disclosure and http://access.smallcapnetwork.com/short_term_alerts.html
for Trading Alerts compensation and disclosure. TGR Group LLC has been
paid a fee of $25,000 and one million newly issued restricted shares by
Biocurex for coverage of the company. Under SEC Rule 144, 570,000 shares
of the 1 million newly issued restricted shares are now eligible for sale
into the public market. TGR Group has submitted the approriate filings
to sell the shares. In addition, on March 22, 2005, TGR entered into
an extended agreement with Biocurex for a fee of 25,000 newly issued restricted
shares. Additionally, Some of the companies featured in the SmallCap Digest
Newsletter pay an ESP (Electronic Service Provider) fee to an affiliated
Technology Company for electronic delivery of this newsletter and other
web related technology services. Fees range from $3,000 to $5,000 per month.
All statements
and expressions are the sole opinions of the editors and are subject
to change without notice. A profile, description, or other mention of a
company in the newsletter is neither an offer nor solicitation to buy or
sell any securities mentioned. While we believe all sources of information
to be factual and reliable, in no way do we represent or guarantee the
accuracy thereof, nor the statements made herein.
From time to
time TGR Group LLC sells shares in the open market it receives as compensation
for coverage of client companies. Since the shares are received as compensation
for services as previously disclosed, and not for investment purposes,
the editors do not view the sale of the shares as contradictory to any
advice delivered in the content. This should be viewed as a conflict of
interest by shareholders or prospective shareholders of the client companies.
The editor,
members of the editor's family, and/or entities with which the editor
is affiliated aside from TGR Group LLC itself, are forbidden by company
policy to own, buy, sell or otherwise trade stock for their own benefit
in the companies who appear in the publication unless specifically disclosed
in the newsletter. The profiles, critiques, and other editorial content
of the SmallCap Digest and SmallCapNetwork.net may contain statements that
appear forward as it relates to the expected capabilities of the companies
mentioned herein.
THE READER
SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING
IN ANY SECURITIES MENTIONED. INVESTING IN SECURITIES IS SPECULATIVE
AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE
IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE
COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN CONSENT
OF THE EDITORS OF SMALLCAPNETWORK.NET.
We encourage
our readers to invest carefully and read the investor information available
at the web sites of the Securities and Exchange Commission ("SEC")
at http://www.sec.gov and/or the National
Association of Securities Dealers ("NASD") at http://www.nasd.com.
We also strongly recommend that you read the SEC advisory to investors
concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm
. Readers can review all public filings by companies at the SEC's EDGAR
page. The NASD has published information on how to invest carefully at
its web site.