Daily Stock List
First Mining Finance Corp. (FFMGF)
FutureMoneyTrends.com reported earlier on First Mining Finance Corp. (FFMGF), and we report on the Company today, here at the QualityStocks Daily Newsletter.
First Mining Finance Corp. is a mineral property holding company listed on the OTCQB. Its chief business activity is to acquire high-quality mineral assets with an emphasis in the Americas. At present, it has a portfolio of 21 mineral assets in Canada, Mexico and the U.S. with a focus on gold. Ultimately, the Company’s objective is to grow its portfolio of mineral assets via acquisitions. The expectation is that this will consist of gold, silver, copper, lead, zinc and nickel properties. First Mining Finance is based in Vancouver, British Columbia.
First Mining Finance is supported by First Majestic Silver - one of the largest silver producers in the world. Fundamentally, First Mining Finance is a new mineral bank focused on acquiring and holding first-rate mineral assets to take advantage of the current low commodity price environment. The Company’s goal is to monetize those assets in the form of royalty income, metal streams, spinouts, asset sales, and equity partnerships when the market conditions eventually recover.
Its current flagship project is the Hope Brook Gold Project. This Project is in Newfoundland, Canada. Hope Brook hosts an historic high-grade gold resource of nearly one million ounces of gold. On July 7, 2015, First Mining closed the acquisition of Coastal Gold Corp., which wholly-owned the Hope Brook Gold Project. First Mining Finance also owns an extensive array (gold, silver, copper, lead, and zinc) of exploration-stage projects in Mexico and one gold project in Nevada.
The Turquoise Canyon property (formerly the Bald Mountain property) in Nevada is wholly-owned by First Mining. The property consists of 188 unpatented claims totaling 3,872 acres positioned along the Battle Mountain-Eureka Trend. Additionally, the Company holds a variety of gold, silver, copper, lead and zinc projects in Mexico. All of its 17 properties contain known mineralization and several properties are ready for third party drilling.
This past November, First Mining Finance, Gold Canyon Resources, Inc. and PC Gold, Inc. announced the successful completion of the previously announced business combinations. First Mining has acquired all of the common shares of each of Gold Canyon and PC Gold via separate court approved plans of arrangement.
Additionally, in November, First Mining Finance announced that it signed an option agreement with Exploraciones Mineras Peñoles, S.A. de C.V., an indirect Mexican subsidiary of Industrias Peñoles S.A.B. de C.V. under which Peñoles may acquire First Mining's Puertecitos and Los Tamales copper properties in northern Sonora, Mexico within the prolific Sonora-Arizona, Copper Belt.
Moreover, today, First Mining Finance and Goldrush Resources Ltd. (GDRRF) announced the successful completion of the previously announced business combination. First Mining Finance has acquired all the issued and outstanding shares of Goldrush Resources through a court approved plan of arrangement.
First Mining Finance Corp. (FFMGF), closed Thursday's trading session at $0.2889, up 6.33%, on 435,280 volume with 118 trades. The average volume for the last 60 days is 233,517 and the stock's 52-week low/high is $0.1931/$0.48.
Patriot Scientific Corp. (PTSC)
Top Stock Picks and SmallCapVoice reported earlier on Patriot Scientific Corp. (PTSC), and we choose to highlight the Company as well, here at the QualityStocks Daily Newsletter.
Patriot Scientific Corp. is an intellectual-property (IP) licensing company with several patents that are fundamental to modern microprocessor design. The Company is the co-owner of the Moore Microprocessor Patent Portfolio™ (MMP Portfolio™). Its patents, collectively known as the MMP Portfolio™, are licensed via its joint-venture, Phoenix Digital Solutions (PDS). Patriot Scientific is a 50 percent owner in PDS. Patriot Scientific is headquartered in Carlsbad, California.
The Company had prior experience developing unique microprocessor architectured chips. Therefore, it started offering the core of its chip technology in the form of licensable intellectual property (IP). The above-mentioned PDS aggregates the ownership interests in the Moore Microprocessor Patent™ (MMP) Portfolio, facilitating the unified marketing and licensing of the patents.
The MMP Portfolio™ includes U.S. patents and their European and Japanese counterparts. These cover techniques that enable higher performance and lower cost designs vital to consumer and commercial digital systems. These range from personal computers (PCs), cell phones and portable music players, to communications infrastructure, medical equipment, and automobiles.
Patriot Scientific’s current focus is the licensing of the MMP Portfolio™. The MMP Portfolio has been tested through challenges at the U.S. Patent and Trademark Office (USPTO). In June of 2014, Patriot Scientific announced that PDS reaffirmed representation by Agility IP Law, LLP in pursuit of MMP Portfolio infringers.
Patriot Scientific’s joint venture, Phoenix Digital Solutions (PDS), entered into an agreement with Dominion Harbor Group, LLC (DHG). The agreement is to provide licensing and enforcement services to the Moore Microprocessor Patent (MMP) Portfolio™.
In September 2015, Patriot Scientific announced that Ingenico Group SA purchased an MMP Portfolio™ license by way of Patriot's licensing agent Dominion Harbor Group. Ingenico is a leader in providing secure payment solutions across the e-commerce market. Ingenico joins a roster of greater than 100 MMP licensees from an array of industries.
Patriot Scientific Corp. (PTSC), closed Thursday's trading session at $0.0081, up 1.25%, on 1,022,289 volume with 52 trades. The average volume for the last 60 days is 521,081 and the stock's 52-week low/high is $0.003/$0.08.
Claude Resources, Inc. (CLGRF)
Zacks reported previously on Claude Resources, Inc. (CLGRF), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.
Claude Resources, Inc. is a gold exploration and mining company listed on the OTC Markets Group’s OTCQB. The Company is a gold producer and also involves in the exploration and development of gold mineral reserves and mineral resources. Since 1991, it has produced more than 1,000,000 ounces of gold from its Seabee Gold Operation in northeastern Saskatchewan. Furthermore, the Company owns 100 percent of the Amisk Gold Project in northeastern Saskatchewan. Claude Resources has its headquarters in Saskatoon, Saskatchewan.
The Company’s Seabee Gold operation consists of two producing mines, the Seabee Gold Mine and the Santoy 8 Gold Mine. The Seabee Gold Operation is in the La Ronge Mining District at the north end of Laonil Lake roughly 125 kilometers northeast of the town of La Ronge, Saskatchewan and approximately 150 kilometers northwest of Flin Flon, Manitoba.
The Santoy Lake property is an 11,400 acre (4,566 hectare) claim group. It is next to the Claude/Currie Rose property, around 14 kilometers east of Claude’s operating Seabee Mine. The Company’s Amisk Gold Project is in Saskatchewan near Flin Flon, Manitoba. The property consists of 40,373 hectares. It has been subject to a substantial amount of exploration from the 1960's through the 1990's. Claude Resources revived the project in 2010.
The Company announced in June 2015 that it expanded its land position by approximately 3,000 hectares to 19,950 hectares at the Seabee Gold Operation in northeastern Saskatchewan. The additional 3,000 hectares are east and north of the Santoy region where Claude Resources is presently expanding production from the Santoy Mine Complex (Santoy Gap and Santoy 8). In 2015, the Company was conducting 35,000 meters of underground drilling.
Additionally, Claude Resources bought its only two joint venture (JV) agreements on the property from Karoo Exploration Corp. and Star Minerals Group Ltd. The Karoo JV agreement, which consists of 65 hectares, was bought for 73,529 common shares of Claude Resources.
The Star JV agreement, which consists of 642 hectares, was purchased for 134,664 common shares of Claude Resources. By acquiring these two JVs, the Company now owns and controls 100 percent of the entire gold belt and land package within the Seabee Gold Operation.
In November 2015, Claude Resources reported Q3 net earnings of $5.7 million ($0.03 per share) and increased cash and bullion by $6.1 million to $27.0 million since Q2 of 2015. Year to date, net earnings of $21.0 million ($0.11 per share) were a $15.9 million improvement over the $5.1 million ($0.03 per share) reported during the first nine months of 2014. The major improvement in financial performance was propelled by an increase in ounces produced and sold from mining higher ore grades and continued improvement in operating efficiencies.
Claude Resources, Inc. (CLGRF), closed Thursday's trading session at $0.662, up 5.69%, on 329,041 volume with 156 trades. The average volume for the last 60 days is 61,651 and the stock's 52-week low/high is $0.254/$0.6484.
Hancock Fabrics, Inc. (HKFI)
SmarTrend Newsletters reported previously on Hancock Fabrics, Inc. (HKFI), and today we are reporting on the Company, here at the QualityStocks Daily Newsletter.
Established in 1957, Hancock Fabrics, Inc. is a specialty retailer with corporate headquarters in Baldwyn, Mississippi. The Company’s commitment is to serving creative enthusiasts with a wide-ranging selection of fashion and home decorating textiles, sewing accessories, needlecraft supplies, and sewing machines. Hancock Fabrics mainly operates stores in strip shopping centers. The Company’s shares trade on the OTC Markets’ OTCQB.
At present, Hancock Fabrics operates 260 retail stores in 37 states. In addition, it has an Internet store at www.hancockfabrics.com. The Company’s stores offer apparel fabrics; home decorating products, including drapery and upholstery fabrics, as well as home accent pieces. Hancock Fabrics primarily serves sewing, needle arts, and home decorating markets.
Furthermore, the Company offers quilting materials; and notions consisting of sewing aids and accessories, including zippers, buttons, threads, sewing machines, and patterns. Additionally, Hancock offers seasonal and current fashion merchandise. Its stores present an extensive selection of fabrics and notions used in apparel sewing, home decorating and quilting projects.
This week, Hancock Fabrics announced that effective January 4, 2016, the Board appointed Ms. Rebecca I. Flick as Executive Vice President and Chief Financial Officer (CFO). Ms. Flick currently serves as the Chairman - Finance Committee of the Marcus Autism Center Board of Trustees. She is also a director of the National Monuments Foundation Board and a member of the University of Tennessee Finance Department Advisory Board.
Ms. Flick served as Global Vice President - Finance and Treasurer at Recall Corporation from 2013 to September 2014. She served as Enterprise Vice President - Finance and Treasurer at ServiceMaster Global Holdings, Inc. from 2012 to 2013.
Mr. Steve Morgan, President and Chief Executive Officer of Hancock Fabrics, commented, “We are very excited to welcome Rebecca to our company. She brings a wealth of experience and we look forward to working with her as the leader of our finance team and as a key member of our senior management.”
Hancock Fabrics, Inc. (HKFI), closed Thursday's trading session at $0.235, up 291.67%, on 2,928,446 volume with 1,055 trades. The average volume for the last 60 days is 45,982 and the stock's 52-week low/high is $0.04/$0.901.
Hydrocarb Energy Corp. (HECC)
TopPennyStockMovers and ProActive Capital reported earlier on Hydrocarb Energy Corp. (HECC), and today we choose to report on the Company, here at the QualityStocks Daily Newsletter.
Incorporated in 2005, Hydrocarb Energy Corp. is a domestic and international; energy exploration and production company. Its global operations include U.S. oil and gas production; worldwide exploration; and UAE (United Arab Emirates) oilfield services. Hydrocarb Energy is targeting major under-explored oil and gas projects in emerging, highly prospective areas of the world.
The Company has offices in Houston, Texas and Windhoek, Namibia. Its shares trade on the OTC Bulletin Board. The Company was previously known as Duma Energy Corp. It changed its name to Hydrocarb Energy Corp. in February of 2014.
Hydrocarb Energy has exploration concessions in Africa and domestic production in Galveston Bay. Pertaining to its domestic production, it is looking to acquire additional onshore and offshore assets and use these assets to build its worldwide efforts. In its international exploration business, the Company is working to increase the value of its Namibia exploration concession.
Concerning its Middle East oil field services business, Hydrocarb Energy is focusing on commencing operations of its Abu-Dhabi based Oil Field Services Company and obtaining substantial cash flow from new contracts. It has diversified domestic and global assets. These include four producing oil fields in Galveston Bay, Texas, and an exploration license for a 21,300 kms²/5.3 million acre concession in the Owambo Basin of northern Namibia.
Hydrocarb Energy holds a 90 percent working interest (WI) in the highly prospective Owambo Basin concession in northern Namibia. Namcor, the Namibian National Oil Company, holds the remaining 10 percent. Otaiba Hydrocarb (in Abu Dhabi) is Hydrocarb Energy’s Middle East division. The southern half of the Owambo Basin is in Namibia. Its northern portion is in Angola, which is the second largest oil producer in Africa.
Hydrocarb Energy is working on its 750km 2-dimensional seismic program on its 21,300 sq. km (5.3 million acre) Owambo Basin concession. Roughly 15 percent of its concession has been explored with modern 2D seismic data so far.
In October 2015, Hydrocarb Energy reported that it estimates 2.9 Million of Oil Barrel Equivalent Reserves from its newest reserve report with Proven Oil Reserves up 97 percent from 2014.
Recently, Hydrocarb Energy announced that Mr. Robert M. Harrell joined its Board of Directors as the second independent director, effective November 23, 2015. Previously, Hydrocarb Energy disclosed the appointment of Mr. Harrell in its Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC) on November 23, 2015. The Company has a majority independent board, with two out of three directors being deemed independent.
Hydrocarb Energy Corp. (HECC), closed Thursday's trading session at $1.37, down 8.67%, on 269,337 volume with 266 trades. The average volume for the last 60 days is 89,413 and the stock's 52-week low/high is $0.40/$2.75.
Agora Holdings, Inc. (AGHI)
The QualityStocks Daily Newsletter would like to spotlight Agora Holdings, Inc. (AGHI). Today, Agora Holdings, Inc. closed trading at $0.0102, on 2,000 volume with 1 trade. The stock’s average daily volume over the past 60 days is 50,355, and its 52-week low/high is $0.03/$2.50.
Agora Holdings, Inc. (AGHI), together with its wholly-owned subsidiary, Geegle Media, is leading a diversified family entertainment and media enterprise through business segments which include: TV on Demand, interactive media, business products and consumer platforms. With its multi-dimensional approach, Geegle Media supports Agora Holdings' mission to deliver innovate and high-quality business solution products and to deliver video content from around the world.
Geegle Media web platforms include; GeegleTV, Frame, 1000Salads, RealtyTV and LobbyTV. Geegle TV is a multi-platform video entertainment website that curates high-quality video content from around the world. In 2016, GeegleTV will serve as co-producer by airing original content. By exposing undiscovered content to millions of users and rendering it shareable to social media, Geegle TV will serve as a marketing partner to local and internationally based TV shows not yet on the open market.
For commercial use, Geegle Media provides a variety of solutions that include web development and billing software for VoIP applications. RealtyTV is its state-of-the-art platform for real estate brokerages. LobbyTV is another of its widely used products by business offices. For individuals, Geegle TV combines radio, On Demand movies, news, sports and children's content.
Geegle Media is also developing 1000salads, an online hub that encourages healthy lifestyles. The portal will feature recipes and products, health-oriented articles and a curated selection of local restaurants and grocers that deliver to the health-conscious user. Currently in its alpha stage of development, 1000salads is gearing up its sales and marketing in preparation for its launch in 2016.
Geegle Media differs from other On Demand providers, such as Netflix and HBO, in that its service is free of constraints such as subscription, fees and penalties. As consumers increasingly opt for personalized sources of entertainment, Agora recognizes the vast opportunities and growth potential provided by the rising popularity of TV On Demand. The company also benefits from strong and visionary management with a track record of bringing innovative ideas to fruition. Disclaimer
Agora Holdings, Inc. Company Blog
Agora Holdings, Inc. News:
Agora Holdings, Inc.'s Geegle Media Develops TECH, a Workflow Management Software
Agora Holdings Inc.'s Geegle TV Devising Monetizing Plan for Its Real TV Project
Agora Holdings, Inc.'s Geegle Media to Add eCommerce Store to Its 1000salads Project
Oakridge Global Energy Solutions, Inc. (OGES)
The QualityStocks Daily Newsletter would like to spotlight Oakridge Global Energy Solutions, Inc. (OGES). Today, On the Move Systems, Inc. closed trading at $0.81, even for the day. The stock’s average daily volume over the past 60 days is 21,909, and its 52-week low/high is $0.1505/$2.40.
Oakridge Global Energy Solutions, Inc. was pleased to announce its new corporate image, branding and media communications tools in conjunction with its ramp up to full production of its best in class lithium-ion "Proudly Made in USA" batteries and energy storage products. As a key part of its new corporate image and branding, Oakridge now has a sharp new-look website (www.OakRidgeGlobalEnergy.com) that highlights the company's global market and presence, and which is in keeping with its corporate mission to become the leading "Made in USA" producer of lithium-ion batteries and energy storage products. The new website now also contains easy-to-access product details for the reference of wholesale consumers and direct customers alike. The revamped site can also be accessed by using Oakridge's old domain name, www.OakG.net.
Oakridge Global Energy Solutions, Inc. (OGES) is an integrated energy storage solutions company focused on the design, development and manufacture of high-quality cells, batteries and power systems. The company's innovative 'Made in the U.S.A.' product line includes multiple lithium-ion technologies and form factors that are optimized to address three high-demand target markets – including stationary and grid storage; motive applications, such as electric and hybrid electric fleet vehicles; and specialty applications, such as military, aerospace, marine, medical and telecom backup.
Through a recent restructuring of its operations, Oakridge strategically positioned itself to expand its market reach moving forward. The company currently owns and operates two manufacturing facilities in Melbourne, Florida, which play an instrumental role in its efforts to meet the growing demand for its cutting-edge large format Pro Series golf car batteries and its small format Patriot Series RC batteries. These operations also allow Oakridge to bring stable employment opportunities back to the U.S., effectively highlighting its tireless commitment to the revitalization of the country's manufacturing industry.
The company also maintains a presence on the international stage through its recently formed subsidiary, Oakridge Global Energy Solutions Limited, Hong Kong. This subsidiary, which is expected to serve as the foundation for Oakridge's sales efforts throughout the Asia-Pacific region, was created primarily to address the tremendous international demand for its revolutionary stored energy solutions. The company also maintains a substantial interest in Leclanche S.A., a Swiss developer and manufacturer of large-sized lithium-ion batteries that was originally founded in 1909.
Oakridge has indicated plans to expand its presence in a collection of markets throughout Europe and Asia as it continues to build upon its established product development and manufacturing infrastructure. The company will lean on the expertise of its proven management team – which includes well over a century of combined industry experience – as it looks to increase its share of the $12 billion domestic battery manufacturing industry. Disclaimer
Oakridge Global Energy Solutions, Inc. Company Blog
Oakridge Global Energy Solutions, Inc. News:
Oakridge Announces New Corporate Image, Branding and Media Communications Tools as it Enters Full-Scale Production for 2016
Oakridge Providing Batteries for Unmanned Maritime Vessels
Oakridge Sells Interest in Leclanche S.A., Releasing Funding for Corporate Growth
Moxian, Inc. (MOXC)
The QualityStocks Daily Newsletter would like to spotlight Moxian, Inc. (MOXC). Today, Moxian, Inc. closed trading at $5.00, up 5.26%, on 300 volume with 2 trades. The stock’s average daily volume over the past 60 days is 897, and its 52-week low/high is $4.50/$6.50.
Moxian, Inc. (MOXC) engages in the business of providing social marketing and promotion platforms designed to help merchants accelerate and advertise their business growth through social media. These products and services enable merchants to run targeted advertising campaigns and promotions, and aim to enhance the interaction between users and merchant clients by using consumer behavior data compiled from the Moxian database of user activities. The company has two primary core products: Moxian+ User App and Moxian+ Business App.
Developed in Shenzhen, China, Moxian integrates social media, entertainment and business intelligence. The Multi-Channel Social Commerce Platform, which includes a variety of tools such as Moxian's proprietary Social Customer Relationship Management (SCRM) system, generates knowledgeable data for merchants. This way, consumers and businesses are able to connect and interact with one another to achieve the concept of "online lifestyle, offline fun."
Moxian+ User App serves as an App driven for consumer users to use the platform, consisting of our proprietary virtual currency (MO-Coin and MO-Points), social networking, redemption centre and game centre. Users can earn MO-Coins by playing games, and then use those coins to redeem prizes sponsored by Moxian and client merchants. This model not only drives registered consumers to Moxian and merchant, but also provides merchants the opportunity to advertise, run marketing campaigns, and learn about their customers through the Platform.
Moxian+ Business App is an independent App with built in Social Customer Relationship Management tool built for merchants. Merchants are able to set up a store on the Moxian platform through this business App, push promotions via a variety of methods offered on the platform and look at generated report customized to their own shop.
Moxian's management team has more than 100 years of combined experience in a variety of pertinent endeavors, including management of private and public enterprise, multi-national organizations, quality, engineering and procurement, finance, marketing, communication and more. Together, Moxian's management team is effecting the company's aim to create and lead a personalized social network platform that best fits users and businesses. Disclaimer
Moxian, Inc. Company Blog
Moxian, Inc. News:
Moxian, Inc. Establishes Beijing Subsidiary, Defines Expansion Plans
MissionIR Exclusive Audio Interview With Moxian, Inc. (MOXC) Creative & Marketing VP Edmund Ooi
Moxian, Inc. (MOXC) Announces Engagement of DreamTeamNetwork Corporate Communications Service Suite
Legacy Ventures International, Inc. (LGYV)
The QualityStocks Daily Newsletter would like to spotlight Legacy Ventures International, Inc. (LGYV). Today, Legacy Ventures International, Inc. closed trading at $1.23, up 4.24%, on 8,263 volume with 18 trades. The stock’s average daily volume over the past 60 days is 35,367, and its 52-week low/high is $0.01/$2.50.
Legacy Ventures International, Inc. (LGYV) is an investment company seeking out high-potential businesses with big ideas that can be scaled in order to promote hyper growth. The company fuels innovation and passion by providing the capital, oversight and connections that young businesses need to reach their full potential.
Legacy is led by a highly-qualified executive team with decades of relevant industry experience. Evan Clifford, the company's chief executive officer, has spent more than 15 years building and maintaining relationships with some of North America's most influential executives. Over the past decade, he has served as a lead advisor to a collection of companies and individuals striving for personal and professional success. Likewise, Rehan Saeed, Legacy's chief financial officer, has over a decade of experience in the banking industry during which he built and managed a real estate portfolio valued at $110 million.
The company's current brand portfolio is headlined by newly-acquired RM Fresh Brands, a servicer of food and beverage retailers and distributors around the globe. RM Fresh Brands takes a unique approach to brand partnerships by maintaining a clear focus on sustainable, category-changing consumables. This strategy has helped it build an extensive portfolio of highly-desirable brands – including Boxed Water, Aloe Gloe, Uncle Si's Iced Tea and Chef 5-Minute Meals.
Following the successful acquisition of RM Fresh Brands, Legacy is in a strong strategic position to move forward with its efforts to promote sustainable growth. The company will lean on the considerable experience of its management team as it looks to build on its recent progress while promoting maximized shareholder value. Disclaimer
Legacy Ventures International, Inc. Company Blog
Legacy Ventures International, Inc. News:
Legacy Ventures Welcomes G. Scott Paterson to the Advisory Committee
Legacy Ventures International Due Diligence Report: Being Green is in; Boxed Water a Step Closer to Reducing the Carbon Footprint
Legacy Ventures Subsidiary RM Fresh Brands Completes Agreement to Supply Products to Sysco for Distribution
Nutra Pharma Corp. (NPHC)
The QualityStocks Daily Newsletter would like to spotlight Nutra Pharma Corp. (NPHC). Today, On the Move Systems, Inc. closed trading at $0.041, off by 8.89%, on 425,954 volume with 35 trades. The stock’s average daily volume over the past 60 days is 246,114, and its 52-week low/high is $0.0025/$0.27.
Nutra Pharma Corp. (NPHC) is a biotech company working in collaboration with its subsidiaries to develop an innovative pipeline of biopharmaceutical products for the management of neurological disorders, cancer, autoimmune, and infectious diseases. At the core of Nutra Pharma's intellectual property is a unique platform for extracting neurotoxins from Asian cobra venom and transforming them into non-toxic therapeutics.
The ReceptoPharm subsidiary, Nutra Pharm's drug discovery arm, is focused on the development of new therapeutic agents based upon specialized receptor-binding proteins found in nature, especially those found in snake venom from the cobra. ReceptoPharm's R&D pipeline consists of several novel therapies in various stages of development to prevent and/or treat multiple sclerosis (MS), human immunodeficiency virus (HIV), adrenomyeloneuropathy (AMN), herpes, rheumatoid arthritis (RA) and pain. The subsidiary also provides small and start-up biotech companies a full range of contract research services through its ISO class 5 and GMP certified facilities in Plantation, Florida.
Nutra Pharma recently received Orphan Drug Status from the FDA for the treatment of pediatric MS for its drug, RPI-78M. The designation of RPI-78M as an Orphan Drug provides Nutra Pharma with a seven-year period of market exclusivity in the U.S. once the drug is approved. Additional benefits over conventional drug applications include: tax credits for clinical research costs, the ability to apply for grant funding, clinical trial design assistance, plus assistance from the FDA in the drug development process and the waiver of Prescription Drug User Fee Act (PDUFA) filing fees which could be in excess of $2.5 million. The granting of Orphan Drug Designation allows Nutra Pharma to move forward with its preparation of an Investigative New Drug Application and proposal of clinical trials. The FDA grants Orphan Drug Designation status to products that treat rare diseases, providing incentives to sponsors developing drugs or biologics.
ReceptoPharm holds all of the intellectual property for Nutra Pharma's drug pipeline, while Nutra Pharma directly holds all of the property dealing with their over-the-counter drugs. This includes Nyloxin, an OTC pain reliever for humans, and Pet Pain-Away, a pain reliever for dogs and cats. The company's Nyloxin product is the first OTC pain reliever clinically proven to treat moderate to severe chronic pain. The drug is available as an oral spray for treating lower back pain, migraines, neck aches, shoulder pain, cramps and neuralgia and as a topical gel for treating joint pain and pain associated with repetitive stress and arthritis.
Nutra Pharma is a revenue-generating company with 12 patents and patents pending, three completed phase 1/phase 2 clinical trials, and 12 FDA-registered OTC products in the United States. The company also has regulatory clearance for Nyloxin in India, where management believes its initial distribution streams could become the company's biggest market. Management is also defining its plan to expand into China and Canada while strengthening its position the United States. Disclaimer
Nutra Pharma Corp. Company Blog
Nutra Pharma Corp. News:
Nutra Pharma CEO, Rik J Deitsch, Has Published a Letter to Shareholders Outlining the Current Efforts and the Future Goals of the Company
Nutra Pharma Corp. (NPHC) CEO Featured in Exclusive QualityStocks Interview
Nutra Pharma Corp. (NPHC) Announces Engagement of QualityStocks Corporate Communications Suite
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- Legacy Ventures International, Inc. (LGYV) Welcomes G. Scott Paterson to the Advisory Committee
- Lingo Media Corp. (LMDCF) Continues to Generate Strong Profits with Q3 Net Income of $631,730
- Moxian, Inc. (MOXC) Establishes Beijing Subsidiary, Defines Expansion Plans
- Nutra Pharma Corp. (NPHC) CEO, Rik J Deitsch, Has Published a Letter to Shareholders Outlining the Current Efforts and the Future Goals of the Company
- Oakridge Global Energy Solutions, Inc. (OGES) Providing Batteries for Unmanned Maritime Vessels
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