A possible buy,volume a bit low,but worth taking a peek at it.
Forbes Medi-Tech, Inc., a life sciences company, engages in the research, development, and commercialization of products for the prevention and treatment of cardiovascular disease. It develops cholesterol-lowering agents used both as pharmaceutical therapeutics and functional food ingredients. The company's lead drug candidate is FM-VP4, a cholesterol-lowering prescription pharmaceutical candidate, which completed a Phase II clinical trial in Europe. FM-VP4 is a cholesterol absorption inhibitor, a relatively new class of cholesterol-lowering pharmaceutical that would have therapeutic applications alone or in conjunction with other cholesterol-lowering therapies.
Keep on watch.
Oh man, so many good stuff. Now owe you six more applauds for each of the six picks. Good work keep it up.
take a look at FMTI, just has it's golden cross for 50DMA/20Ddma..day and weekly chart looking good.
FMTI, fit cup and handle pattern? ::)
Dubble from here. Very nice News with Carrefour. Lets say revenue!
Press Release Source: Forbes Medi-Tech Inc.
Forbes Medi-Tech Announces the Further Expansion of Dairy Products Containing Reducol'TM' in Europe Through the Carrefour Group, Specifically Through the Champion and Carrefour Banner
Thursday October 5, 8:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 5, 2006 -- Forbes Medi-Tech Inc. (TSX:FMI.TO - News)(NASDAQ:FMTI - News) today announced that Champion, based in France (a Groupe Carrefour banner), will be creating five new dairy products containing Forbes Medi-Tech's cholesterol-lowering ingredient, Reducol(TM). The following products will be launched on the market through Champion stores: original and strawberry flavored yogurt drinks, a mixed strawberry and apricot flavored yogurt, and an all natural (fruit base) set yogurt. The Carrefour superstores will sell these products under their brand name Agir Nutrition.
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"At Champion, we are committed to providing consumers with the products they demand and with the growing popularity of heart healthy products we felt it was a natural progression to offer these great tasting cholesterol-lowering products with Reducol(TM)," noted Champion France representative, Sylvain Ferry.
With today's announcement a wide variety of cholesterol lowering dairy products containing Reducol(TM) can now be found in a number of European countries including France, the United Kingdom, Finland and the Netherlands, at major retailers including Champion, Tesco, U.K. Wal-Mart/ASDA, Kesko, and Albert Heijn.
"Today's announcement was made possible due to the continuing success of Reducol(TM)-based dairy products in Europe and speaks volumes about our product's credibility and competitive advantages," noted Charles Butt, President and CEO, Forbes Medi-Tech. "We are excited to be working with international distributors, such as CARREFOUR GROUP, and we hope to continue the expansion of Reducol(TM) product launches as the worldwide demand for cholesterol-lowering, Reducol(TM)-based products continues to grow."
Reducol(TM) is a unique ingredient containing plant sterols and stanols, commonly known as phytosterols, or "Sterols". Like other previously announced Reducol(TM)-based products, these five products when consumed in recommended amounts, and combined with a prudent diet and regular exercise, may help customers lower their cholesterol by up to 24%.
In Europe, Reducol(TM) can now be found in such dairy products as yogurt, yogurt drinks, cheese and margarine spread, but can also be found worldwide in such items as chocolates and dietary supplements.
About CARREFOUR GROUP:
The second-largest retailer in the world and the European leader, the Carrefour Group has worked for more than forty years to establish its position as the daily partner of millions of customers in Europe, Asia and Latin America. Basing its action on a multi-format strategy (hypermarkets, supermarkets, hard discount stores, local stores, cash-and-carry), it offers its customers the lowest prices for a broad selection of products and services.
Today, the Carrefour Group operates 12,000 stores in 29 countries and employs 430,600 people. Its consolidated sales excluding tax reached EUR 74.5 billion in 2005. Committed to a dynamic based on growth and profitability, the Carrefour Group applies an approach based on responsible commerce, respecting differences and seeking to contribute to economic and social progress wherever it does business.
About Reducol(TM)
Reducol(TM) is a unique ingredient containing plant sterols and stanols, commonly known as phytosterols, or "Sterols". The combination of a prudent diet and consumption of products containing the recommended amount of Reducol(TM) may help consumers lower their cholesterol by up to 24%. Additional information on Reducol(TM) can be found at www.reducol.com.
Overal Trend %80 buy! One to watch!
Bottom found restructuring in process. Worth the DD here.
Forbes Medi-Tech lays off R&D workers
Canada's Forbes Medi-Tech is laying off 20 percent of its workforce as the company restructures. Recently, shares of Forbes Medi-Tech lost half their value when the drug developer announced FM-VP4 did not lower bad cholesterol by 15 percent. It did, however, hit its primary endpoint. Forbes said the company is looking to license out FM-VP4. The re-focused pharmaceutical development program will concentrate on the FM-TP series of compounds targeting diseases such as diabetes, Metabolic Syndrome and inflammatory lung disease.
"FMTI" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. ::)
Thank You....and good luck with all your trades....make some $$$ ;)
I will leave today's closing chart while I'm in this thread.......