Cytrx Corp (NASDAQ:CYTR)
A biopharmaceutical research and development company engaged in developing human therapeutic products based primarily upon its small molecule molecular chaperone co-induction technology.
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Has a lock on validated, cutting edge technology.
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this could work out to be a wonder drug for numerous diseases
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I like the fact that 1 percent of all royalties from arimoclomol will go to charities
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Cawabonga!!!!
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genetic alteration techniques
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(1) It says a trial of Clinical trial is on 3rd phase will become available in the early 2007
(2) Options to purchase technologies from a Bostob research hospital
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.. CYTR packs a lot of power and is affordable.
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CYTR will have the same future as RNAI.
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Could earn orphan status on its obesity drug.
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This is a pure gamble. The company is at the cutting edge of both pure and applied research into genetic manipulation. Its major recommendation is the individuals it has on board, particularly in the subfield of research into DNAi. I approach it as one would the idea of buying land on the far fringes of an urban area in anticipation of growth. It will take at least 10-20 years to determine success or failure.
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Good financials. Good bargain.
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CytRx is in the final stages of testing the efficacy of Arimoclomol, the first drug to show promise in combating ALS (Lou Gerig's Disease). They have fast track marketing status in the European Union and a new funding to promote the drug. Furthermore, they are in the process of seeking a partnership or creating a subsidiary in regards to their newly developed RNAi program. They have some the best scientist working on their team, including a Nobel Laureate and discoverer of RNAi.
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Awesome company. One of the few with very good trials out there for ALS... My top pick in my portfolio
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