New Cancer Immunotherapy Index Posts 23% Gains Lead by Mentor
Capital, Inc. and Oncothyreon
(For Immediate
Release, August 28, 2009)
SAN DIEGO, The Cancer Immunotherapy Index
of ten leading cancer immunotherapy stocks
increased 23% since its inception July 10, 2009.
The CI Index was developed by Mentor Capital as a
peer group index against which investors could
bench mark stock performance in the rapidly growing immunotherapy sector. In this first reporting, the strong six-week CI Index gain was paced by the
78% share price improvement of Mentor Capital, Inc. (Pink Sheets:
MNTR). On
July 10, 2009,
Mentor Capital announced it had acquired a
significant interest in and was a new public market proxy
for Quantum Immunologics, Inc., a private company in FDA breast
cancer trials. Oncothyreon
(NASDAQ:ONTY), with significant lung cancer
involvement, followed in CI Index performance with
a 71% gain in its stock. Dendreon (NASDAQ:DNDN), with
$2.7 Billion market capitalization, is the
largest company in the Cancer Immunotherapy
Index, and experienced a 1,000% share price gain
during the Spring of 2009.
In cancer immunotherapy, instead of chemotherapy,
surgeries and radiation, the body’s own immune system is triggered to attack cancer cells. Patients report only flu-like symptoms as their now activated natural defenses attempt to eradicate or stabilize the targeted
cancers. The USA market addressed by the
Cancer Immunotherapy Index companies is estimated at $45 Billion. The current combined market cap of the index component companies is $3.4
Billion. In addition to Mentor Capital, Oncothyreon and Dendreon, the CI Index features ImmunoCellular Theraputics
(IMUC.OB), Antigenics (NASDAQ:AGEN), Biovest
International (BVTI.PK), Celldex Therapeutics
(NASDAQ:CLDX), Northwest Biotherapeutics
(NWBO.OB), CEL – SCI Corp. (AMEX:CVM) and
Generex Biotechnology (NASDAQ:GNBT) as a proxy
for its wholly-owned immunotherapeutic
subsidiary, Antigen Express.
The CI Index was developed in consultation
with Mike
Havrilla, PhD, co-founder and
Managing
Editor of BioMed Reports. Dr.
Havrilla actively manages 23 indexes. The Cancer
Immunotherapy
Index is primarily an
immunotherapy subset of his Cancer Diagnostic & Therapeutic
(Dx/Tx) Micro-Cap Index. Weekly detail updates of
the Cancer Immunotherapy Index may be
reviewed at
www.MentorCapital.com.
Forward Looking Statements, Safe Harbor and
Risk Descriptions are Incorporated by Reference
from the MNTR Company Web Site above.
For further information
contact:
Chet Billingsley, CEO
P.O. Box 1709
Mentor Capital, Inc.
Ramona, CA
(760) 788 - 4700
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