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Conclusion
At the moment, however, this innovative microcap remains largely unnoticed by Wall Street. Besides, Elemer Piros, Ph.D., Rodman & Renshaw analyst who covers 22nd Century (with a 12-month price target of $5.00 for the now $1 stock), very few have given XXII much notice. For precisely this reason, 22nd Century is worth a careful look now. Keep in mind the following:
• Three independent Phase II trials have already demonstrated efficacy of very low nicotine cigarettes for smoking cessation. If the company-sponsored Phase II-B clinical trials that are now underway simply replicate the results of the Hatsukami study, X-22 will be seen as perhaps the most effective smoking cessation aid in the world;
• No other tobacco or pharmaceutical company in the world can produce tobacco cigarettes at the levels of 22nd Century’s VLN tobacco. If the FDA mandates drastically lower nicotine levels in commercial cigarettes – or if 22nd Century is authorized to market its cigarettes as “Modified Risk” – the company will have massive licensing opportunities domestically and world-wide;
• XXII is already generating revenue. Operating losses are minimal. Based on 22nd Century’s reported revenue for the nine months ended September 30, 2011 totaling $1.02 million, including net sales of $802 thousand, and de minimis Q3 quarter net loss of only $.02/share, the company is well on its way to commercializing its high margin products.
Late this week, investors in XXII can look forward to seeing results in the company’s Phase II-B clinical trial which should be followed by the likely filing for fast track status for their X-22 prescription smoking aid with the FDA. In 2012, the company expects to continue its sales of SPECTRUM government research cigarettes, begin marketing “Nicotine-Free” and “High Nicotine/Low Tar” safer cigarettes internationally, and will expand distribution of its super-premium RED SUN cigarettes in the U.S. Each of these initiatives represents substantial sales potential.
At today’s market cap of just $28 million, there is plenty of headroom for this undiscovered stock to run. This appears to be a safe horse to bet on ahead of key clinical trial results and beyond given the interest in the company from the entire industry.
full article below:
http://www.biomedreports.com/201112...the-smoking-cessation-industry-this-week.html
