EMERGING WORLD PHARMA INC(PINKSHEETS: EWPI) shares declined 5.26% to $0.0090 in the early hour. EWPI’s strategic partner African Global Pharma Corp. (AGP) is negotiating an agreement to distribute our full line of pharmaceutical products to several West African countries. Ghana acts as the gateway to a huge sub-regional market of over 250 million people. This is the first endeavour for AGP to broaden our market base outside of Ghana.
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ProShares Ultra Basic Materials (ETF)(NYSEARCA: UYM) shares fell 4.06% to $32.27. The 52 week trading range for the company is $27.73 - $42.10. The shares of the company fell 10% in the last one year. UYM seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index).
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Bio Matrix Scientific Group Inc(PINKSHEETS: BMSN) stock surged 166.67% to $0.0016. The company announced that its wholly owned subsidiary, Regen BioPharma, Inc., has contracted Cascade Life Sciences, Inc. to research the safety and efficacy of Regen's HemaXellerate product using mice models for testing. Cascade Life Sciences is a privately-owned San Diego-based company with a platform of stem cell related technologies that are being advanced to serve the research community and the commercial development of stem cell-based therapeutics. Sophia Khaldoyanidi, M.D., Ph.D. is the principal investigator of the study.
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AMARANTUS BIOSCIENCES INC(OTC: AMBS) stock surged 21.95% to $0.0500. Rainbow Coral Corp. (RBCC) and Amarantus expect to finalize NuroPro's development timeline within the next 12-14 months. By cutting the typical timeline from years to only one year, RBCC and its shareholders believe they will see larger profits more quickly from the deal. If milestones are met, RBCC will then share in its revenues sooner than originally anticipated, once the initial investment is repaid.
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Southridge Enterprises Inc.(PINKSHEETS: SRGE) shares climbed 10.81% to $0.0082 in the early hour. The company announced that its board of directors has authorized the evaluation of strategic alternatives for its Cinco Minas property located in Jalisco Mexico, including the exploration of a joint venture, complete sale or other transaction. Cinco Minas, the Company's flag-ship mineral property, has a world-class confirmed gold and silver resource of 235,000 oz. gold and 23.3 million oz. silver with 80% of the known vein system yet to be tested. Today's market value of the confirmed resource at Cinco Minas is well over $1 Billion USD, prior to the completion of further planned exploration to expand the resource.
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