Mentor Capital Cancer Immunotherapy Index
Gains on Health Care Bill 12-Year Exclusive Period for Biologic Drugs
(For Immediate
Release, March 23, 2010)
SAN DIEGO, Mentor Capital, Inc. (Pink
Sheets:MNTR) reports its Cancer Immunotherapy Index has been pushed to an all-time high,
now recording a 110% annualized growth since inception, following the Health Care Bill approval. The eleven Index
companies are some of the prime beneficiaries of the Bill's 12-year exclusive sales period for biological drugs.
Amgen (NASDAQ:AMGN) and Roche's Genentech (NASDAQ:GENE) unit, natural acquirers for the CI Index companies and
their pipeline products, also advanced on the news.
Patients usually take biologics through injections or intravenously
and the
biologic process may take $80 million to $150 million to develop and test. They differ from so
called small-molecule drugs, in that biologics are derived from or include living cells and more extensive
treatments can cost $50,000 per year. The Bill's 12-year exclusivity,
rather than seven years as favored by the Obama administration, the AARP and consumer groups, is a nod to the large
development cost and clinical rather than pill-like administration of these newer therapies.
The Cancer Immunotherapy Index includes Provectus Pharmaceuticals,
Inc. (OTCBB:PVCT), Immunocellular Therapuetics, Ltd. (OTCBB:IMUC), Dendreon (NASDAQ:DNDN), Oncothyreon
(NASDAQ:ONTY), Antigenics (NASDAQ:AGEN), Biovest International (BVTI.PK), Celldex Therapeutics (NASDAQ:CLDX),
Northwest Biotherapeutics (OTCBB:NWBO), CEL – SCI Corp. (AMEX:CVM) and Generex Biotechnology (NASDAQ:GNBT) as a
proxy for its wholly-owned immunotherapeutic subsidiary, Antigen Express, and Quantum Immunologics, Inc. a private
company.
Mentor Capital, Inc. invests in all companies in
the Cancer Immunotherapy Index and significantly overweights its positions in those companies it views with the
greatest medical and financial promise. The Index company summaries can be tracked through updates of the Cancer
Immunotherapy Index presented 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
Mentor Capital, Inc.
P.O. Box 1709
Ramona, CA 92065
(760) 788 - 4700
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