Provectus Biopharmaceuticals: Short-Term Catalysts and Positive Trial Results Could Help Shares
, May 13, 2014
/PRNewswire/ -- Provectus Biopharmaceuticals, Inc. (OTCQB: PVCT) is a development stage biopharmaceutical company that is primarily engaged in developing oncology and dermatology therapies through its two predominant drug candidates, PV-10 and PH-10. The company is working to develop PV-10 for the treatment of several life-threatening cancers, including metastatic melanoma, liver cancer (also known as Hepatocellular carcinoma, or HCC), and breast cancer. Meanwhile, their other drug candidate, PH-10, is being developed to provide minimally invasive treatment of chronic severe skin afflictions such as psoriasis and atopic dermatitis (a type of eczema). Aside from the company's leading drug candidates, PVCT also holds patents and other intellectual property that may be used in over-the-counter (OTC) products. Some of these OTC products include GloveAid, Pure-ific, Pure-Stick, and Pure N Clear.
Primary liver cancer (HCC) is the fifth leading cause of death related to cancer in the world in men and seventh in women, with the world market for liver cancer drugs projected to exceed $2 billion by 2015. Meanwhile, GlobalData estimates the melanoma therapeutics market will grow to $1.4 billion by 2017 (a CAGR of almost 17% each year), while the global market for breast cancer drugs should reach over $11 billion by 2016.
Compared to the global cancer market, the dermatology market is also very large in size, especially with regards to psoriasis. In fact, the National Psoriasis Foundation reports that approximately 125 million people worldwide have psoriasis, while GBI Research recently estimated that the global psoriasis market will grow from about $5 billion in 2013 to $10.4 billion in 2020. Additionally, GlobalData estimates the global eczema therapeutics market will double in size from over $2 billion in 2010 to almost $4 billion in 2018, representing a CAGR of over 8%.
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SOURCE Small Cap Specialists, LLC