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Phosphagenics Limited – Anti-cellulite cream a step closer
 
Phosphagenics Limited (POH) announced that it has exercised its option to licence the patented weight loss compound AOD9604 to develop an anti-cellulite cream. POH plans to start human testing of the cream within the next six months, and hopes to launch the product in 3Q CY11. While this is a positive development, in our view, the TPM/oxycodone pain relief patch remains key to delivering significant value in the near term. POH is currently conducting clinical trials to identify the optimum dosing regime for the oxycodone patch. POH will delay further development of its insulin delivery patch while it focuses on the oxycodone clinical program. We now expect the insulin patch to be launched in 2015 and as a consequence, have deferred insulin milestone payments and royalties. We reduce our DCF valuation and price target to A$0.16/sh (prev A$0.17/sh) and retain our BUY recommendation.
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BBY is commited to making the world a better place.

 

Barbara Alicia F De Lima

Barbara born on 19 April 1999, lives in Brazil. Her favourite pastime is playing with dolls. Barbara is part of the Carnauba Rural Project.

About Brazil

Although Brazil is a leading producer of coffee, soya beans, sugar, iron ore, bauxite and numerous industrial goods, almost one-quarter of Brazilians earn less than US$2 a day. Agriculture illustrates Brazil's uneven development, Land ownership remains very unequal, with most of the fertile land owned by a small percentage of landowners. As more land is used for export crops and livestock-raising, the production of basic foods is not keeping pace with population growth.

 

 Abel Cyuzuzo

Abel born on 17 July 2002, lives in Rwanda. His favourite pastime is football. Abel is part of the Kisaro Project.

About Rwanda

Rwanda is one of the poorest countries in the world. The economy is predominantly agricultural, with 90 percent of the population engaged in mostly subsistence farming. Coffee and tea are grown for export while cereals, vegetable and rice arw grown as food crops. 70 percent of Rwandans live below the poverty line and over 190 thousand households live with inadequate shelter.

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