Allstocks.com's Bulletin Board: CBMC huge run this morning

This is topic CBMC huge run this morning in forum Hot Stocks Free for All ! at Allstocks.com's Bulletin Board.

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Posted by metal1 on :

this stock has been through many ups and downs over the last few years as well as several symbols. up again this morning though...

LAKE OSWEGO, Ore., July 11 /PRNewswire-FirstCall/ -- Calypte Biomedical Corporation (OTC Bulletin Board: CBMC), medical diagnostic tests manufacturer for the rapid detection of antibodies to the human immunodeficiency virus (HIV) announced today that it has received registration and marketing approval for its Aware(TM) HIV-1/2 OMT (oral fluid) rapid test in India from the Central Drugs Standard Control Organisation, commonly referred to as the Drug Control Authority of India ("DCAI").

Roger Gale, Calypte's Chairman and Chief Executive Officer, stated, "As has been highlighted in recent news reports, India is at the forefront in the fight against HIV/AIDS and we have seen strong interest in our oral fluid tests from both the Government and private sectors. A Calypte team has just returned from India where we have begun putting in place the infrastructure to access and build on this important business opportunity. We expect the market for HIV diagnostic testing in India to grow significantly in the next few years."

Mr. Gale continued, "This DCAI approval is a significant milestone in the advancement of our business; a very exciting time for all of us at the Company. Once our non-invasive HIV diagnostic tests gain market acceptance, we anticipate significant growth in market share of such tests. In addition to creating a distribution network, we expect to establish both research and manufacturing operations in India. While we will initially enter the Indian market with our HIV-1/2 oral fluid rapid test, we are also considering introducing our Aware(TM) HIV-1/2 rapid tests using both blood and urine samples to complement the current oral fluid test. India is also a logical center for development of Calypte's new products."

and from the 9th...

LAKE OSWEGO, Ore., July 9 /PRNewswire-FirstCall/ -- Calypte Biomedical Corporation (OTC Bulletin Board: CBMC), medical diagnostic tests manufacturer for the rapid detection of antibodies to the human immunodeficiency virus (HIV) announced today that it has leased an 11,000+ square foot site located in Portland, Oregon. The site permits the consolidation of its research laboratory and administrative functions under one roof and will become the Company's new headquarters location. The site also provides manufacturing space which the Company plans to utilize to build pilot lots for clinical trials in the U.S. The Company expects these studies to be a prelude for submitting a formal application for approval with the U.S. Food and Drug Administration ("FDA").

"This facility is our first step in reestablishing our presence in the U.S. diagnostic test market and moving toward approval of our Aware(TM) HIV- 1/2 oral test in the U.S. We plan to start by commencing the process of filing for FDA approval of an oral fluid test for professional use," stated Roger Gale, Calypte's Chairman and Chief Executive Officer. "One of the uses of funds from the recently-completed PIPE is to advance our efforts to market our oral fluid tests in the U.S. market. Calypte has invested over $3 million to acquire technology and equipment to take advantage of this opportunity."

"While multiple outcomes are possible, our objective for beginning the FDA regulatory process is to ultimately receive approval for manufacturing and distribution of an over-the-counter ("OTC") oral fluid HIV diagnostic test in the U.S.", Mr. Gale concluded.

Calypte plans to occupy its new facility in September 2007.

Posted by a surfer on :

thanks for the heads up metal.

Posted by 10of13 on :

Love the dips... [Big Grin]

Posted by a surfer on :

quote:
Originally posted by 10of13:
Love the dips...

Be nice..... [Smile]

Posted by 10of13 on :

I am...LOL
[Wink]

Posted by metal1 on :

this thing has held up since july. if it breaks through .15 might see a good run. they actually had a revenue increase in the last quarter yr over yr. they still need to see some continued revenue growth to actually go anywhere up for a long period. buy and sell.

Posted by metal1 on :

whoa, strong close. just over .18.

here you go!

http://biz.yahoo.com/bw/070913/20070913005840.html?.v=1

i keep hoping they accidentally discover a cure for aids while researching their tests, lol