Pharmacyte Biotech Inc (OTCMKTS:PMCB) is skyrocketing on its new anticipated treatment for pancreatic cancer. The stock surged forward with gains locking in at 6.40% and the stock advancing over 50% since the beginning of the year. Over 1 million shares were traded on Friday and the stock continues to be heavily traded on a daily basis.
PMCB just released its financial information with the SEC according to a recent filing. PMCB is set to launch a new clinical trial sometime in 2016 for pancreatic cancer patients. There is a huge unmet medical need and people will welcome a solution that could potentially increase the lifespan for late stage pancreatic patients. If the clinical trial is successful, PMCB will be gaining more than just 50% to investors and likely cause the company to increase in value significantly and potentially be acquired by a larger pharmaceutical company.
Any positive results would move PMCB into the spotlight and above other early stage biotechs who are trying to come up with a solution as well. There would be a substantial increase in the company’s value and it would absolutely be able to attract major attention from large pharmaceutical companies. It would give a much needed viable option for pancreatic cancer treatment.
The market size for pancreatic cancer is huge. Looking only at major developed countries, the market size should reach close to $3 billion within the next 5 years. If we look at the addressable market that in the United States only is equally impressive, which PMCB should easily be able to attain. A typical drug price for this disease is roughly between $50k and $75k per year. There are about 43,000 patients diagnosed with pancreatic cancer a year. Assuming that 60% of the patient pool would switch to PMCBs drug, the market size in the USA could be estimated at $1.25 billion to $1.8 billion. Given the market valuation is only $51 million, a successful positive trail will send shares flying through the stratosphere.
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PMCB is currently trading at a $51 million market valuation. PMCB is developing a revolutionary therapy that could provide relief to thousands of patients every year that are diagnosed. There is a huge market that PMCB will be able to successfully operate in if clinical trials yield positive results. Even though a fully FDA approved drug is likely a long way out, advances and positive news will send shares flying. Stay tuned for more updates.
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Disclosure: we hold no position in PMCB either long or short and we have not been compensated for this article.