June 20, 2013 New Major Medical Marijuana Market Could Be a Boon for Nuvilex Although Nuvilex Inc. (OTCQB – NVLX - $0.11 – Spec Buy) is noted for its pancreatic cancer treatment studies, it may be that a combination of its canine mammary cancer trial and medical marijuana research that may open up huge, new multi-billion dollar markets for the Company. While most of the attention and focus in the medical marijuana industry is related to the addition of new states passing laws for the engagement of various development and usage initiatives for its citizens, a small but ever-increasingly vocal group of medical marijuana proponents has brought a new idea to the forefront: medical marijuana use for pets. According to the American Pet Products Association (APPA), pet owners spend around $25 billion annually on pet health care with $15 billion alone going toward various veterinary services. These statistics are not just huge, but they are surprising, considering the poor domestic economy. A Wall Street Journal article that was published in the middle of the recent recession noted that the average annual amount spent on doctor’s visits and surgeries for just cats alone rose by 73% over the previous 10 years, which dovetailed exactly with the rise in expenses for human health care. The reason for the big rise has a great deal to do with the increased availability of expensive treatments and procedures for pets. Most pet owners view their pets as a member of the family and would go to any length to ensure their health, quality of life and the extension of their lives. In fact, according to the Veterinary Pet Insurance Co, 70% of pet owners polled said that they would spend whatever it would take to save a pet’s life. The increasingly common diagnosis of cancer and other serious diseases in pets has prompted a number of pet owners that use medical marijuana to give Rex or Spot marijuana to treat his illnesses and increase the quality of life. As the proliferation of medical marijuana research and product development occurs across the U.S., it is natural to assume that the clinical research will migrate to pets as well, which could be a big benefit to Nuvilex. Since the Company aims to be a leader in medical marijuana research and product development in the oncology arena, Nuvilex could elect to enter into animal studies along these lines as well as into human trials, which could potentially increase its market opportunity by billions of dollars. After all, Nuvilex already has a track record of engaging in canine and human oncology trials with its live-cell encapsulation-based cancer treatments for mammary and pancreatic cancer, respectively. The possibility that the cannabidiol (CBD)-based cancer treatments planned for development by the Company’s subsidiary, Medical Marijuana Sciences, Inc., if combined with its live-cell encapsulation-based therapies, can be used for oncology treatments for pets as well as for humans, is indeed intriguing.
You Might Also Like
Senior Analyst: Robert Goldman Analyst Certification Disclaimer The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research did not make an independent investigation or inquiry as to the accuracy of any information provided by the Company, or other firms. Goldman Small Cap Research relied solely upon information provided by the Company through its filings, press releases, presentations, and through its own internal due diligence for accuracy and completeness. Such information and the opinions expressed are subject to change without notice. A Goldman Small Cap Research report, update, article, or note is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. This publication does not take into account the investment objectives, financial situation, or particular needs of any particular person. This report does not provide all information material to an investor’s decision about whether or not to make any investment. Any discussion of risks in this presentation is not a disclosure of all risks or a complete discussion of the risks mentioned. Neither Goldman Small Cap Research, nor its parent, is registered as a securities broker-dealer or an investment adviser with FINRA, the U.S. Securities and Exchange Commission or with any state securities regulatory authority. ALL INFORMATION IN THIS REPORT IS PROVIDED “AS IS” WITHOUT WARRANTIES, EXPRESSED OR IMPLIED, OR REPRESENTATIONS OF ANY KIND. TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, TWO TRIANGLE CONSULTING GROUP, LLC WILL NOT BE LIABLE FOR THE QUALITY, ACCURACY, COMPLETENESS, RELIABILITY OR TIMELINESS OF THIS INFORMATION, OR FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES THAT MAY ARISE OUT OF THE USE OF THIS INFORMATION BY YOU OR ANYONE ELSE (INCLUDING, BUT NOT LIMITED TO, LOST PROFITS, LOSS OF OPPORTUNITIES, TRADING LOSSES, AND DAMAGES THAT MAY RESULT FROM ANY INACCURACY OR INCOMPLETENESS OF THIS INFORMATION). TO THE FULLEST EXTENT PERMITTED BY LAW, TWO TRIANGLE CONSULTING GROUP, LLC WILL NOT BE LIABLE TO YOU OR ANYONE ELSE UNDER ANY TORT, CONTRACT, NEGLIGENCE, STRICT LIABILITY, PRODUCTS LIABILITY, OR OTHER THEORY WITH RESPECT TO THIS PRESENTATION OF INFORMATION. |