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Nothing new to report in the BLOG
for
last week. I like to use the BLOG for volatile markets, and we haven't
seen much volatility lately. There continues to be some contributions on
ZAP- check out the comments. There are some participants that don't
think too highly of the company, and negative postings are there so you
can get both sides of the story. By definition, this is a bias publication,
but I believe you should have both the positives and negatives on any company.
To use the BLOG, simply go
to the home page at www.otcjournal.com
- the BLOG will scroll down automatically on the right side of your
screen. The most current journal entries appear in the middle of your screen.
Check back frequently for updates particularly when stocks are moving to
overbought or oversold levels or in volatile markets. Your questions and
postings do not automatically appear, so don't bother posting the same
question multiple times. I personally go through to moderate and respond
to every question.
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Xenomics (OTC
BB: XNOM) Getting Favorable Recognition |
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XNOM has been perking up of
late, and I'm getting a lot of email traffic wondering why. XNOM is
starting to get buzz in the medical diagnostics community, and investors
are catching on to the depth and importance of their technology.
In recent news, XNOM disclosed
it would be starting clinical trials with two highly respected east coast
hospitals in the near future. Their transrenal DNA test for Downs Syndrome
is truly revolutionary and once approved, should replace Amniocentisis
as the method for testing high risk pregnancies with a simple urine sample.
Their test will be designed to replace
the current triple screen test given to all high risk pregnancies. There
are about 2 million triple screen tests performed in the US every year,
so the market has significant profit potential.
The current triple screen test only
provides a risk assessment, not a definitive result. In the case of a high
risk result, further tests must be performed.
The medical community is taking note
of XNOM because they have discovered two “Methylation” Markers
that are positive in volunteer Down syndrome patients and negative in normal
controls. North Shore and EVMS hospitals will be providing the clinical
samples to validate these markers and determine the sensitivity and specificity
of the method under development. This is a huge turning point for
XNOM,
and the stock is getting traction as word of their discovery is spreading.
Many biotech companies are focusing
a great deal of energy in the cell-free circulating plasma DNA field looking
for “methylation” markers. XNOM believes it is the first two discover
markers for Downs Syndrome as no other company has made any public
claims.
XNOM clinical trials will
be under way soon, and sensitivities and specificities will be determined
from the data. However, most DNA-based tests have sensitivities in the
90%+ range and the XNOM tests should not be any different.
The current triple and quad screen tests have sensitivity at 65% and 75%
respectively.
On March 17, 2005, I published our
first feature on XNOM. The stock closed at $2.50 that day.
Six weeks later the stock is trading at $3.25 for a 29% return.
This is a nice surprise in a very lackluster market.
As you can see from the chart, the
stock has begun a nice climb phase, and I don't know where it will peak.
The stock does not have a long standing trading history, so it is impossible
to make any valid technical comments.
I continue to believe this is an
exciting idea for long term investors. This company will become the leader
in the use of transrenal dna technologies.
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