63% Implosion: The Epic Collapse of Provectus Biopharmaceuticals, Inc

Provectus Biopharmaceuticals (NYSEMKT: PVCT  ) resumed trading today, but shareholders probably wished it was still frozen from last Friday. Shares collapsed a startling 63% on news that the FDA would not grant a breakthrough designation to Provectus' melanoma drug PV-10.

In this episode of Market Checkup, The Motley Fool's health-care-focused investing show, analysts David Williamson and Michael Douglass discuss the controversy surrounding Provectus, the increasing competition for its mid-stage drug, and whthere the stock is a bad news buy.

Watch and find out.

 

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  • Report this Comment On May 28, 2014, at 2:19 AM, Gaugamela wrote:

    You guys need to research things more thoroughly before you make a videos. The difference of opinion on PV-10 is that the drug's intent is to destroy tumors. The FDA wanted information on symptom control for things like bleeding and pain. The Phase 2 trial wasn't set up to obtain that type of information because the drug is meant to eliminate tumors, not assist with symptoms.

    Provectus felt that eliminating a tumor would count towards eliminating bleeding and pain. Since the FDA has their heads firmly planted up their rear ends, they disagreed.

  • Report this Comment On May 28, 2014, at 1:09 PM, goodswallow wrote:

    I agree with the above comment about your research.

    I believe there is more to this than simply the lack of acceptance about PV-10. I have an idea from other research that there is financial malfeasance by the company - having read about their research in a barn in a field outside of Knoxville, Tn. Furthermore, you can't even contact them - no number is listed or address. Sounds fishy to me. I sold my shares at a big loss.

  • Report this Comment On May 30, 2014, at 1:41 AM, Gaugamela wrote:

    @goodswallow....I know that it's really tough to find their number and address on their web site. It's really, really counterintuitive, but the info is actually under the "Contact Us" section of their web site. I know, mind blowing...They need to be more specific, don't they?

    http://www.pvct.com/contact.html

    For the record, I have a friend who has actually called and spoken to the CEO. Why not actually make the attempt before posting lies?

  • Report this Comment On May 30, 2014, at 12:17 PM, rdtshaw wrote:

    @goodswallow I'm sorry but that information is completely incorrect. The contact info is on the website, PVCT has been at this for quite some time. I have a friend that is a researcher at Provectus and she was *completely giddy* about the most recent results with the trials of the new medication. She said she couldn't go into detail(beyond what is in the media), at the time, but she was genuinely excited. I don't begin to understand what goes into getting FDA approval, but if you speak with anyone in the pharmaceutical business, their eyes will immediately roll when the FDA is brought up. Completely dumping everything on such a low price stock invested in a company that is doing some amazing things seems a bit short sighted IMO. PVCT is one I'm keeping an eye on. For both financial and health reasons, (mostly the latter), I hope they are successful.

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