NEW YORK, Jan. 11, 2018 (GLOBE NEWSWIRE) -- NetworkNewsWire announces that Crystal Equity Research has published an initial report on PreveCeutical Medical Inc. (CSE:PREV) (OTCQB:PRVCF) (FSE:18H). The report in its entirety can be viewed at the following link: http://nnw.fm/aO8gG.
PreveCeutical is an early-stage life sciences company focused on utilizing organic and nature-identical compounds. The company has brought one product to market and has five additional research projects currently in its development program. Its initial product is CELLB9, a novel therapy based on blue scorpion venom. This oral solution is available for use without a prescription and has been found to be instrumental in treating inflammation and has also been used to treat bacterial infections, pain, tumors and more. Sales of CELLB9 represent PreveCeutical’s current revenue stream.
PreveCeutical is also pursuing additional applications for blue scorpion venom peptides, including treating low-impact brain trauma or concussion. The Company recently signed a distribution agreement with Sports1 Marketing to address the sports medicine market.
Highlights of the Crystal Equity Research report include discussing PreveCeutical’s recapitalization to fund its ambitious development program. Following a reverse merger with a public shell corporation, the Company raised CA$5.3 million (US$4.3 million) in new capital through two private placements in July 2017 and January 2018. It is believed that the Company’s current cash resources should provide sufficient support to enable PreveCeutical to reach new commercial markets with CELLB9 and to also reach the next milestone with its Sol-Gel drug delivery system, which is a nose-to-brain process potentially effective in reducing side effects and increasing patient compliance for a variety of therapies. Sol-Gel is a top priority in the Company’s development program, with cannabinoids being the first compounds under testing.
A wide-ranging development program is underway to expand PreveCeutical’s product line, with scientific efforts for each program being undertaken at the University of Queensland in Australia and headed by PreveCeutical Chief Research Officer Harry Parekh. The Company has a development and licensing agreement in place with UniQuest Pty. Ltd., which is the University of Queensland’s commercial arm. This agreement ensures PreveCeutical has licensure rights to all intellectual innovations created through joint research projects.
Other promising projects in PreveCeutical’s pipeline include:
- Smart RNA Dual Gene Therapy for treating obesity and early-stage diabetes
- Peptide and protein identification in Caribbean blue scorpion venom for purposes of engineering “nature identical” compounds
- Non-addictive analgesics based on a new peptide library utilizing the University of Queensland’s proprietary “disulfide linker” technology
Crystal Equity Research provided the following outlook: “Our bullish view on PreveCeutical Medical is influenced by the Company’s plans to bring novel therapeutic compounds to the market at a time when the preventative health care market is entering a period of rapid growth. Management has demonstrated the ability to garner investor support and raise capital at a critical time in its development agenda, a recognized key to success for any health sciences company. Management has also been successful in securing research and development talent through a strategic relationship with a respected and successful academic institution.”
PreveCeutical Medical Inc. is a health sciences company that develops innovative preventive therapies utilizing organic and nature identical products. PreveCeutical aims to be a leader in preventive health sciences and currently has five research and development programs, including: dual gene therapy for curative and prevention therapies for diabetes and obesity; a Sol-gel platform for nose to brain delivery of medical compounds including cannabinoids; Nature Identical™ peptides for treatment of various ailments; non-addictive analgesic peptides as a replacement to highly addictive analgesics such as morphine, fentanyl and oxycodone; and a therapeutic product for treating athletes who suffer from concussions (mild traumatic brain injury). PreveCeutical sells CELLB9®, an Immune System Booster. CELLB9 is an oral solution containing polarized and potentiated essential minerals extracted from a novel peptide obtained from Caribbean Blue Scorpion venom.
For more information about the company, visit www.PreveCeutical.com.
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