First Human Trials Raise Plandai’s Profile and Valuation
By engaging in the upcoming human clinical trials for its flagship product, trials, Plandai has the opportunity to be crowned the Green Tea Extract and bioavailability leader.
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HUGE MILESTONE EVENTS
The Company has conducted numerous lab tests on its flagship Phytofare™ product with great success in demonstrating what may be industry-leading bioavailability, which measures the absorption of nutrients into the bloodstream. By engaging in the human trials, Plandai has the opportunity to be crowned the Green Tea Extract and bioavailability leader as the likely favorable results of the trial should enable the Firm to successfully market its product to manufacturers for use in health prevention and wellness, beginning in late 2013.
Separately, we believe that the upcoming weight loss trial may be even more important than the traditional trial, given the size of the market for products used in weight loss and the fight against high blood pressure. A number of human clinical trials with green tea extract have been conducted to this end, and while data has been positive, the lack of bioavailability has halted broad use of these products for these applications. Using a branded product that touts high bioavailability, and a generic green tea extract as bioavailability and efficacy measures, will likely raise the profile of the test results even further than a trial that does not include competing products for comparative purposes.
We project that the trial will begin in 3Q13/4Q13 as the Plandai/KGK team should not have any difficulty in signing subjects to participate in a trial for a product that has no side effects and can aid them in their weight loss objectives in a safe manner while improving overall health and wellness.
In our view, these huge milestone events raise the Company’s profile and increase the Firm’s valuation driving the stock toward the $1.00 level in the near term and could serve to accelerate the number of production and distribution deals in 2014. We rate PLPL Speculative Buy with a $2.00 target price.
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Senior Analyst: Robert Goldman
Rob Goldman founded Goldman Small Cap Research in 2009 and has over 20 years of investment and company research experience as a senior research analyst and as a portfolio and mutual fund manager. During his tenure as a sell side analyst, Rob was a senior member of Piper Jaffray's Technology and Communications teams. Prior to joining Piper, Rob led Josephthal & Co.'s Washington-based Emerging Growth Research Group. In addition to his sell-side experience Rob served as Chief Investment Officer of a boutique investment management firm and Blue and White Investment Management, where he managed Small Cap Growth portfolios and The Blue and White Fund.
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