BALTIMORE, MD--(Marketwired - Jun 10, 2013) - Goldman Small Cap Research, a stock market research firm focused on the small cap and microcap sectors, notes that the rare combination of large early stage investments in its pancreatic cancer R&D program and its Phase II clinical trial performance strongly bolsters Nuvilex's (
To date, nearly $30M has been invested in the Company's live-cell encapsulation-based therapies to treat pancreatic cancer and other diseases. This includes two successful Phase II clinical trials in pancreatic cancer, preclinical trials for other cancer indications, and additional product development. Research and development expenses do not end at the conclusion of trials, however; $2M has been invested in the past 2 years alone to help further the Company's development goals.
This cumulative $30M investment has resulted in something rare for biotech companies and enhances the likelihood of Nuvilex's continued success with the ultimate goal of FDA approval and commercialization of its products. A recent study has demonstrated that in the past few years, 82% of companies engaged in Phase II clinical trials have failed due to insufficient efficacy or serious toxicity. This means that Nuvilex is in the 18% minority of firms that have produced favorable results.
Not only is it rare for a firm like Nuvilex to have such success in Phase II trials, but given the excellent trial results, surely a new trial that compares Nuvilex's treatment "head-to-head" with the gold standard pancreatic cancer treatment Gemzar, has significant potential for success. Given that Gemzar generates annual sales north of $1 billion annually, the Company's previous and future R&D investments could have a huge return on investment for Nuvilex and its shareholders.
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About Nuvilex, Inc. (