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DXB - Dimeriz Limited

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Re: SBN - Sun Biomedical

Stock dropped 62% today! Ann stated (Sorry don't know how to put link into post) USFDA rejected application. Just before SPP offer 25 Jan! What a blow!
 
Re: SBN - Sun Biomedical

Birdster said:
Stock dropped 62% today! Ann stated (Sorry don't know how to put link into post) USFDA rejected application. Just before SPP offer 25 Jan! What a blow!
Click to expand...

Good news is ignored and bad news dumps in these past weeks.
The SPP has to fail now with this timing but what was bad about this part of today's ann??:

"...the Company may continue to market OraLine for forensic applications such as in Law Enforcement, within the Drug Court system, to Medical Examiners, in Prisons and Juvenile Detention Centres and in Parole and Probation programs. Accordingly, the Company does not anticipate that delays in realising 510(k) clearance for OraLine will have any material influence on sales in financial year
2008.

Concerning the status of the Company’s submission for 510(k) clearance for point of care testing for the Company’s urine products, the Company has been requested to provide additional supporting data and has met with FDA reviewers and agreed on a plan of action that is currently being executed. While the Company has not received clearance for the Company’s urine products, the FDA has verbally advised that they will exercise their discretion in allowing the Company to market the Company’s urine products for workplace testing whilst the Company’s 510(k) submission is still under review."
Mr. Peter King
Chairman

Would have been good to pick up SBN at .012 today! Incredibly oversold.
 
Re: SBN - Sun Biomedical

I've been following this one for a while now, I think the SP had such a big drop for 2 reasons;

1. Everyone was panicking because of the wider share market and would get out of any shares at a hint of bad news.

2.People had factored the possibility of FDA approval (of Oraline in particular) into the share price. I think a lot of people were 'betting' on FDA approval, which would have resulted in a very large increase in share price.

I think that SBN could still be a good prospect with the possible deals in China and Mexico. Of course there is also the chance that they will get the FDA approval for oraline, albeit not for some time;
"..the Company does not anticipate that delays in realising 510(k) clearance..."

Also the urine products may get the FDA approval as well
"..whilst the Company’s 510(k) submission is still under review...."

I think we'll just have to wait for a positive announcement about one of the above before we get back to share prices that we saw in the past couple of months.

DYOR
 
Re: SBN - Sun Biomedical

FDA approval is only required for the US market. China doesn't give a toss if they have FDA approval or not. People don't realise how big the China deal is. I have it on good authority that there are something like 10 billion drug tests a year in China alone. Once the deal is set and there is no reason why it shouldn't, if you read the China announcement, then SBN will have a huge market. They are almost cash positive, expected this quarter, from current product sales, have Mexico and Russia on the burner (although an update on progess would be nice). There is lots going on.

The market has focused on FDA approval as being the sealer for the company, and it most certainly isn't.

I'm trying to free up more funds to continue accumulating while the SP is low.

jd
 
Re: SBN - Sun Biomedical

Update today

"SBL has provided supporting documentation regarding FDA
regulations for forensic use and SBL CE marking documentation and an initial purchase of 2,000 units
has been shipped to Mexico."

A good start??
 
Re: SBN - Sun Biomedical

kingbaz said:
Update today

"SBL has provided supporting documentation regarding FDA
regulations for forensic use and SBL CE marking documentation and an initial purchase of 2,000 units
has been shipped to Mexico."

A good start??
Click to expand...

baz somebody on hc has just posted a photo that was on the national newspaper of the educational minister holding oraline 4 confirming they had started the pilot testing.
thats more than a good start in my book
 
Re: SBN - Sun Biomedical

Hi,
Just wondering whether someone could tell me, am I missing something with SBN recently.
Their share price has increased 7.14% Friday and another 30% today. The volume of buyers is 12 808 362 to sellers 3 671 100.
I have researched and have not found any information that indicates any announcements out soon or new developments:-

Bioscreens - Urine drug screening device to be launched in US testing market in quarter ending Septmeber 2008

Visualine - have lowered cost of manufacturing and will be ready to be relaunched in a reduced product selling price in quarter June 2008

Mexico - SBN is unable to make any prediction regarding the outcome....if and when it might expand beyond the intial pilot

Russia - marketing of Oraline IV in Russia....it is anticipated that approval can be obtained within 8 months

China - is currently in stage 1 of the agreement. (No other timelines given)

As you can see there is nothing that I can tell that should be driving the market at this time.
The only other two factors it may be is their website was launched in March 2008 so maybe perhaps exposure and a meeting is being held on May 14th to get approval for 21 235 000 shares to be issued at 4.3 cents so maybe people believe that any price below that is good.

Any opinions or other information that I have missed would be good?
Cheers.
 
Re: SBN - Sun Biomedical

A very good question and I am wondering the same thing. Have been digging and cant put it down to anything either. That said this share has moved before prier to releasing information so perhaps news is on the way again.
 
Re: SBN - Sun Biomedical

It will be interesting to see if there'll be any profit takers coming in tomorrow.
There are a couple of big orders around $40 000 (well big for me) in the buy volume at around 3.2 cents. I'd like to know what they know.
Cheers.
 
Re: SBN - Sun Biomedical



Hi folks,

SBN ... as requested, our time cycle analysis shows:

19-20052008 ... a short, but aggressive rally.

26052008 ... minor cycle

29052008 ... minor cycle

23062008 ... minor cycle

27062008 ... minor cycle

11072008 ... minor cycle

17072008 ... positive cycle - finances

28-29072008 ... positive spotlight and 2 cycles
should bring more news.


More later .....

have a great day

paul




=====
 
Re: SBN - Sun Biomedical

Finally an ann... an hour ago...

China looking good!

MPS has confirmed that OraLine is in compliance with its quality standards and has been issued the Quality Standard Number Q/SIRL1-2008.

As a result, Siyi has placed an initial order for 20,000 units of OraLine in anticipation of the commencement of the MPS field trials in December 2008.

In 2009, Siyi and SBN will work together for the final product approval, promotion and roll out of the proposed testing program.

At this stage, SBN anticipates that the final product approval will be received in the second half of calendar year 2009.
 
Re: SBN - Sun Biomedical

ASX Ann 5:41pm yesterday:
Sun Biomedical and Express Diagnostics Distribution Partner Sign Agreement with Latvia Police Department

OraLine Drug Tests aid in roadside testing program
Blackwood, NJ, September 2008””Sun Biomedical Laboratories Inc. recently announced the sale of its popular one-step saliva drug tests to the Latvian Police Department. The device, called OraLine Saliva Drug Screen, is used to test the presence of drug abuse on the spot and get accurate results within ten minutes. This saves a significant amount of time and money incurred by taking all drug abuse suspects to the hospital for lab tests, whenever someone is stopped. In fact, the Latvian police have reported saving over $210 per traffic stop by screening drivers with the OraLine device and taking only those who test positively to the hospital for further testing. Express Diagnostics International, Inc. of Minnesota is the Sun
Biomedical Laboratories’ distributor serving the Latvian police force.

“OraLine is the most sensitive saliva test on the market for the detection of marijuana use,” according to Jack Kerins, CEO of Sun Biomedical. “With such accuracy built into an easy-to-use, inexpensive disposable product, law enforcement departments around the globe can quickly determine drug abuse and the subsequent need for further testing.” This sale continues to expand OraLine’s market presence internationally.

Manufactured in the U.S. from premium membranes, the OraLine Saliva Drug Screen is an extremely accurate immunoassay designed to detect the presence of several illicit drugs in human saliva at levels equal to or greater than the cut-off level indicated. Drugs detected include: marijuana, cocaine,
methamphetamines, and opiates/morphine/heroin. The company plans to release an advanced OraLine version to include additional drugs early in 2009.

About Sun Biomedical Laboratories, Inc.
Sun Biomedical Laboratories, Inc. produces both urine and saliva based drugs of abuse testing devices at its main facility in Blackwood, New Jersey. The company has established an industry benchmark with the most sensitive saliva drugs of abuse testing device available on the market today. The company also has a portfolio of research into the use of saliva as a diagnostic medium for other disease states that provide the foundation for continued research and development and a broader portfolio of point of care testing devices.

The Company, founded in 1993, is an operating unit of Sun Biomedical Limited, a public company listed on the Australian Stock Exchange (ASX) under the symbol "SBN". For more information about Sun Biomedical
Laboratories and its products, contact us at 888-440-8388 or visit www.sunbiomed.com.
###
1001 Lower Landing Road, Blackwood, NJ 08012 P 856-401-1080 F 856-401-1090 fax www.sunbiomed.com
PRESS ANNOUNCEMENT
 
Re: SBN - Sun Biomedical

SBN ann last Thursday has a link to a subsidiary product on sale:

www.simpledrugtest.com

This shows a home drug test kit for $3.95... click on video to see its use.

Five surface tests per kit e.g. shoelaces, backpack, steering wheel...


 
Re: SBN - Sun Biomedical

Hi Mates! Is any one holding thi stock. I came across few months ago and thinking to jump in. It is quiet cheap.
 
Re: SBN - Sun Biomedical

Albi said:
Hi Mates! Is any one holding thi stock. I came across few months ago and thinking to jump in. It is quiet cheap.
Click to expand...

As a matter of fact, I do have some shares in SBN. Although it feels weird for me to be replying to a post that is more than half a year old, I did get SBN for dirt cheap. However, I don't know if it will be going up anytime in the near future, as approximately 480 million shares or so have to be traded to get past the $0.002 mark. However, if that did eventuate and spike up even further, I will be laughing all the way to the bank. I do wonder if there are any other shares on the ASX that are just as cheap, or cheaper than SBN.
 
On December 1st, 2015, Sun Biomedical Limited (SBN) changed its name and ASX code to Dimeriz Limited (DXB).
 
Tony Locantro entertaining on his fave biotechs
Dimerix starts 15.06
I'll probably have a punt across his whole biotech p/f if there's a crash

 
Nasty. Fortune favours the brave - closed up ^ 48%
It's a 'buy the bad news' said T. Locantro a few days ago.

DMX 6 Mths
 
On Monday, penny stock biotech Dimerix opened 70 per cent higher at 40¢ after being recommended by online stock tipping website Next Investors.
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Just last week, Dimerix issued $20 million worth of new shares to institutional investors at 20¢ each to leave them sitting on an instant $20 million paper profit today.
StocksDigital, the financial media business behind Next Investors and Wise Owl, freely admits to investing in businesses before making public recommendations.
Click to expand...

- quickly fell a bit after 7 million shares went through, and ended at 33.5c
 
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