Critical Outcome Technologies Shows Significant Potential Despite Mixed Financial Report

Spotlight Companies |

Quarterly reports display a company’s progress from both operational and financial perspectives, and while reporting a loss can seem alarming, it only provides half of a company’s overall progress. Critical Outcome Technologies Inc. (COT:CA) , a biopharmaceutical company, is one example where their efforts in the field of cancer treatment and research outweighs the reports of dollars and cents.

The Ontario-based company has released their 2016 first quarter operating and financial results. Although they reported a loss of $985,120 due to an increase in sales, marketing, research and development efforts for the first quarter, ending on July 31, 2015, the company also reports several notable operational milestones. One of the major developments reported during this period is Critical Outcome’s small molecule activator of misfolded mutant p53 protein, named COTI-2, receiving investigational drug status (IND) from the US Food and Drug Administration (FDA).

"The receipt of the IND grant from the FDA has redoubled the company's efforts to move COTI-2 into the clinic as rapidly as possible," said Wayne Danter, President and CEO of Critical Outcome Technologies. "We look forward to continuing our work with MD Anderson Cancer Center and our supporting contract research organizations to realize our goal of transforming the treatment options for women with ovarian and other gynecological cancers."

Critical Outcome Builds Off Success in Ovarian Cancer Research

This announcement follows glowing praise of the company’s research and treatment development for ovarian and other gynecological cancers. In early September, the company announced that for an initial one-year term, Outreach 99 LLC will manage and direct Critical Outcome’s investor relations program. With the Outreach 99 team having 35 years of experience in life sciences, the Boston-based company put the work of Critical Outcome into context.

"Critical Outcome Technologies is entering into a very exciting period with their first compound beginning a Phase 1 clinical trial for ovarian cancer,” said Paul Papi, founder and president of Outreach 99 LLC. COTI 2 will be dosed in the first cohort of patients at University of Texas MD Anderson Cancer Center this month. Ovarian and other gynecological cancers affect nearly 90,000 women each year and the preclinical studies show that COTI 2 potentially represents an important new treatment option."

With an innovative treatment in IND status from the FDA and increased marketing and investor relations efforts, Critical Outcome is well-positioned to overcome their Q1 2016 loss, and continue their mission in the accelerated development of new effective treatment options.

Equities.com had an opportunity to speak with Wayne Danter, CEO of Critical Outcome Technologies, Inc. at the Rodman & Renshaw Conference 2015. The interview can be watched here. For more information about Critical Outcome Technologies, visit www.criticaloutcome.com.

Disclosure: In the purview of Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention the fact that Equities.com, Inc. may be compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker, broker dealer, investment advisor, analyst, investment banker or underwriter. All profiles are based on information that is available to the public. The information contained herein should not be considered to be all-inclusive and is not guaranteed by Equities.com to be free from misstatement or errors. Readers are reminded to do their own due diligence when researching any companies mentioned on this website.

 

 

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Lomiko Metals Inc.

Lomiko Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration and development of resource properties. Its projects include Vines Lake project and Quatre - Milles…

Private Markets

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…

Lyft

Lyft matches drivers using their own personal vehicles with passengers who request rides through the smartphone app, and the passengers pay automatically through the app. When using Lyft, passengers have…