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Phosphagenics - 30 Day Poll
Recent BLOGS About Phosphagenics Add New
Latest Company News
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Phosphagenics Limited To Launch BodyShaper Cellulite Contour Creme
Reuters Key Development - May 16, 2011 |
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Phosphagenics Limited Signs Non-Exclusive License Agreement With Rodney Cutler
Reuters Key Development - Apr 19, 2011 |
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Phosphagenics Limited Enters Into Collaboration To Develop Anti-Acne Drug
Reuters Key Development - Apr 3, 2011 |
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Company Profile
Financials:
At the end of June 2011 cash reserves were $6.3 million.
Phosphagenics raised $24.1 million via a $17.1 million placement to institutions and sophisticated investors and a $7 million placement to a Singapore-based investor in October 2011.
Business model:
The company does "Production, sale and licensing of products for the nutraceutical and pharmaceutical industries." It is not a developing any block buster drug that cures diseases. Instead it develops and owns technologies for drug delivery that are Transdermal, Dermal and Oral (Phospha E, TPM).
It has 2 products in Phase II, several more in Phase I and more in Preclinical. It had sign agreements with local biotechs such as CSL and Metabolics. In Nov 2009, it announced the launch of an anti-aging product by its US partner which uses POH's TPM delivering technology.
POH has demonstrated penetration into the US market. It has deals with at least one major US company, and an office in the US. However, there seems to be no other foreign market associations than the US.
Possible coming events:
The Company is collaborating with 3M to optimise the patch and expects to begin Phase 2 clinical trials for its enhanced oxycodone patch later in 2011.