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Author Topic: XKEM - (.011)
Peaser
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Back in XKEM at .0159 today.

[ June 02, 2006, 21:22: Message edited by: Bob Frey ]

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Peaser
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Obasanjo to launch locally produced sickle cell drug

President Olusegun Obasanjo will by June launch NIPRISAN (HEMOXIN(TM)), the locally produced drug for sickle cell disorder.
PATIENCE OGBE Abuja

The president will also use the occasion to commission Xechem International Inc. factory in the country in a move seen as a landmark investment in Nigeria. The company owns the exclusive rights to NIPRISAN

The drug NIPRISAN (HEMOXIN(TM), which is at present, undergoing final stage of registration with NAFDAC is a phyto-pharmaceutical drug for the treatment of patients suffering from Sickle Cell Disease (SCD). SCD is an insidious and painful genetic blood disorder often resulting in death at an early age.

Science and Technology Minister, Turner Isoun who disclosed this in Abuja noted that location of the factory in Nigeria would further crash the price of sickle cell drugs in Nigeria.

Isoun stated that Niprisan (HEMOXIN(TM)) was a drug cocktail, with phyto-pharmaceutical composition of four traditional plants extracted in a proprietary process. The licensor of the technology is the National Institute for Pharmaceutical Research and Development (NIPRD) in Abuja, Nigeria.

Nigeria is said to have the highest sickle cell disease population in the world ranging from four to six million representing roughly three to five percent of the country's population.

Isoun spoke at the inaugural meeting of the Ministers’ Council for the National Biotechnology Development Agency (NABDA) where he also called on the government to involve more laboratories for the control and analysis of the bird flu menace.

On the situation of bio technology in Nigeria, he called on the stockholding agencies to ensure that Nigeria benefits from the judicious and safe use of modern biotechnology.

"Biotech is a gold mine and important to this nation. Almost every Nigerian is affected by the operations of biotech. To be able to achieve all these, we will require the concerted political will and a focused leadership drive. It is therefore the collective responsibility of all of us key stakeholders of modern biotechnology to join forces in realizing this vision.

It is my belief that this collective mission will not jeopardize our separate mandates but will promote the effective coordination of our effort towards achieving the same ultimate goal."

To achieve the nation’s targets in biotech, the Director General of the National Biotechnology Development Agency (NABDA), Bamidele Solomon called for the establishment of biotechnology development fund.

The fund, he stressed, could help the nation support competent researches and be ready to tackle problems like the bird flu.

He also disclosed that Nigeria in collaboration with Trinity Biotech of the Republic of Ireland will establish a facility at SHESTCO Abuja for the production of test kits for HIV/AIDS and other diseases like HB, malaria and so on.

He added that the Federal Government has approved the sum of $28 million as counterpart commitment for the project.

He also spoke of Nigeria’s collaboration with Shantha Biotechnics Limited of India for the establishment a facility for the production of Hepatitis B vaccine and other vaccines for related diseases like typhoid, polio, DTP and related ailments.

"Government approved the sum of N10 Million in the 2004 capital budget to support carrying out of a detailed feasibility study and fulfilling other MoU requirement."

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Peaser
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They filed for Orphan Drug status with the FDA recently as well.

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Peaser
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Back through .017!!

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Peaser
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Nice .019 new HOD.

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Peaser
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Might turn back up here at .017.

Looks like we've got some accumulation going on.

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Peaser
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XKEM looking good again today folks.

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weatherbill
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I';m in....looks good going into next week and the MArch 21st date.....PRs coming right up as well

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GSUS - Eternal 100 Bagger!
HCPC - my favorite potential into December

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Peaser
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Looks like accumulation at .016 to me.

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Peaser
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Movin' into the close.

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Peaser
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Up nice today folks, looking for a pullback from .019 area.

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Peaser
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Played it from .0161 on Friday, out at .019 today.

Back in at .018

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Peaser
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Back to the open price now.

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Peaser
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Some bid support now at .0169.

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Peaser
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Bounced again. .0158 this time.

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Peaser
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Back in today at .011

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Peaser
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New HOD. The market liked that 8K it appears, it's been going up since.

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Jo4321
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The title of this thread is misleading with cause that is an old price.

Right now, just broke .012

Jo

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Peaser
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.012 goin'

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Jo4321
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.0127

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Peaser
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Coming back to .012 IMO until the MACD turns back up.

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Peaser
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MACD trying to bottom + turn here.

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Peaser
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Nice. C'mon sucker, turn back up! [Big Grin]

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Peaser
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Once they start selling their drug in Africa as they expect to begin in July. Ka-Booooom!

The MM's are our friends today. lol

Well, friends to those in.

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Peaser
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Ka-Boooooom!

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Peaser
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Nice 45% today, looking for a gap to .02 on Monday IMO.

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trade04
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"The loan will enable the company to immediately begin construction of buildings needed to expand its commercial scale production facility in Abuja. It is a proud moment not only for Xechem Nigeria, but for the whole of Nigeria as well. By taking this giant step with us, NEXIM Bank has confirmed to the world the great confidence it has in this project. This will not only accelerate Xechem's efforts in bringing NICOSAN(TM) to the market, but will also help build international esteem for Nigeria and the changing investment climate in that country. We are extremely gratified that we can now embark on our much needed expansion, and are particularly excited that we can do so with locally generated funds from a respected and reputable local bank."
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Peaser
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quote:
Originally posted by Jo4321:
The title of this thread is misleading with cause that is an old price.

Right now, just broke .012

Jo

The thread title will be changed soon

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Peaser
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XKEM has been moving up since the 8K came out.

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BooDog
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BOUGHT ***** XKEM * $0.0112 nice to see something I jumped in on make the threads!

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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now i see its been here since march lmao

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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J_U_ICE
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quote:
Originally posted by BooDog:
BOUGHT ***** XKEM * $0.0112 nice to see something I jumped in on make the threads!

Have you checked the .10 and under microcap board:
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/forum/f/8/star t_point/0/hardset/10.html

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The difference between genius and stupidity is that genius has its limits

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BooDog
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oh ....I guess the newbee shows his skin thanks and GL

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Peaser
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Watch for the bounce folks.

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Peaser
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If that was the bounce, it sure wasn't much of one IMO.

Still holdin' here.

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