OXIS International, Inc. (OTCMKTS:OXIS) is making a huge move up on massive volume after hitting a 52 week low last year of $0.0032. Since then OXIS has been moving up steadily with volume and price exploding in recent days.
It is easy to get excited about OXIS here; the new CEO is Tony Cataldo the founder of LBIO that trades over $9 a share on the NASDAQ with a $240 million market valuation.
OXIS International, Inc. (OTCMKTS:OXIS) is a biotech company that develops and commercializes innovative drugs of therapeutic molecules including cannabinoids, which are focused on several cancer indications. Oxis address the clinical shortcomings of existing commercial products in related fields. OXIS has formed relationships with some of the world’s leading cannabinoid researchers and institutions to advance it’s technologies.
On February 24 new CEO Tony Cataldo issued a letter to shareholders that said ”Oxis had a dynamic and exciting 2014 making a significant change in direction. We completed all of the companies SEC filings bringing them current, and up listed the company from the “Pink Sheets” to the OTCQB.
We laid the groundwork for Oxis Biotech, Inc with the inclusion of strategically chosen indications for cancer drug development. The first of which was our announcement of our new worldwide exclusive Patent Licensing of “P62 Chemical Agents and Multiple Myeloma Therapeutics” with Dr. Xiang-Qun (Sean) Xie. We are now building our Scientific Advisory Board with the addition of Dr. Sean Xie, Dr. James Mule Dr. Lisa A. Haile.
As the founder of Lion Biotechnologies, Inc. (LBIO $240 Million market capitalization) I found the same dynamics when creating the nucleus for markets in cell therapies, which brought significant market cap appreciation in exploding biotech sectors. They are now present in the Cannabinoid/Medical Marijuana sector for Oxis Biotech, Inc. to take advantage of.
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Dr. Xie , MD, PhD, EMBA is one of the world’s foremost cannabinoid research scientists. With the inclusion of our new P62 Multiple Myeloma Therapeutics platform, we are posed to be a significant player in the large and expanding market for Myeloma Therapeutic drug therapies. Multiple myeloma remains an incurable malignancy with systematic morbidity and a median survival of 3-5 years.
Dr. Xie has performed laboratory pre-clinical studies and confirmed anti-multiple myeloma therapeutic potential of the discovered p62ZZ chemical agents. Our P62 drug therapy data exhibits notable p62 antagonistic effects and significantly reduced survival of human MM cells, and also inhibited osteoclastogenesis thus causing bone density to increase as well. We look forward to advancing it towards FDA approval.
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Medical Marijuana is a fast growing industry worth $2.34 billion in 2014 and according to Greenwave Advisors, if all 50 states legalize MJ and the federal government followed suit and made it legal, the combined sales for Medical and Recreational MJ would reach higher than 35Bln USD by 2020.
Pot stocks are heating up again big time; according to a recent report from MMJ Business Daily, 2015 is expected not only to see more investment dollars flow into the market but it could even outpace the growth rate seen in 2014. States like Nevada, Illinois, Massachusetts, Oregon, and Alaska have all been identified as industry drivers this year. Furthermore, the rise in “big money” from some major investment funds has just started to hit the sector.
Currently trading at a $23 million market valuation OXIS has $644,000 in the treasury, mounting short term debt and minimal revenues to date. Since pink and $.0032 last year OXIS has come a long way with Tony Cataldo taking over as CEO and the Company up listing to the OTCBB. Mr. Cataldo has employed the same strategy that he used as founder of LBIO and speculators seem to love the news with OXIS quickly gaining a loyal shareholder base that swears this one goes way higher. We will be updating on OXIS when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OXIS.
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Disclosure: we hold no position in OXIS either long or short and we have not been compensated for this article.