NEW YORK, Jan. 12, 2015 /PRNewswire/ - Analyst report issued by Small Cap IR. Provectus Biopharmaceuticals, Inc. (NYSE: PVCT) is a biopharmaceutical company that primarily engaged in developing oncology and dermatology therapies through its two predominant drug candidates, PV-10 and PH-10. The company is working to develop PV-10 for the treatment of several life-threatening cancers, including metastatic melanoma, liver cancer (also known as Hepatocellular carcinoma, or HCC), and breast cancer. Its other drug candidate, PH-10, is being developed to provide minimally invasive treatment of chronic severe skin afflictions such as psoriasis and atopic dermatitis (a type of eczema).
By completing Phase 2 trial, PV-10 showed a 51% objective response rate among all 80 intent-to-treat melanoma patients of their injected study tumors. Data released, showed that if a tumor is accessible to PV-10 injection, the drug is likely to destroy that tumor. In comparison to the other available options, PV-10 will provide a much better treatment plan without significant adverse side effects. Considering annual growth rate of 17% in the melanoma therapeutics market by 2017, PV-10 should open a new front line against cancer.
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