A recent report placed cancer as not only the leading killer around the globe but its expansion rate across the globe is even more disturbing. I recently had a bull session with investors over the economy, long term and short term investing and recession proof investing.
It’s amazing when you also look at the recent job numbers that have come out from stats Canada. The fastest growing field right now is health care. Is this a coincidence, I doubt it. Not only is cancer growing at an alarming rate globally but our society is growing older and living longer causing a greater burden on our health care system. Everyone wants to live longer but the quality of life has not caught up with respect to the needs of everyday life. In other words people seem to be living longer only to demand more services such as hospice care, prescription drugs, doctor’s visits, medical procedures and possible added expenses for extended family members.
Getting back to the bull session; the topic that kept coming up was finding a cure for cancer, the big “what if”. I have heard this since I was a child. I have also heard how there is probably a cure but the profits have kept it on the shelf much like cars that run on water and batteries made from potatoes. It’s all part of the misinformation and a result of frustration over the pain that comes from such an ugly disease.
Lets for one moment think what would happen if a drug maker came up with a cancer cure. The worlds problems would not go away but the quality of life for people as they get older would take a huge leap. The companies that supply relief to cancer or its side effects would take a hit. Some large labs established for the sole purpose of a cancer cure would shut down IMHO.
The one area left standing would be diagnosis. You have to know you have cancer to receive the cure and the benefits otherwise it’s all for not. So we have the greatest plague facing us in modern times but a possibly recession proof area of diagnosis that will be with us possibly forever. This does sound intriguing doesn’t it?
I have been following the story of Verisante Technology for a while now they received ISO certification and are currently waiting for Health Canada approval. A similar company MELA applied for FDA approval and ran close to $12 per share. MELA has not received an FDA approval at this point. If you have watched any of the recent interviews with Thomas Braun of VRS.V you will notice a comparison that MELA is only looking at 5% of all types of skin cancer while the Verisante Aura can view and detect them all with a high rate of success.
VRS trades on the TSX-V and has been holding in the 80 cent range. I took a look back at another company Thomas Braun was involved with as the president of Vorsatech Ventures. Before he merged that company with Synutra International (NASDAQ: SYUT) (the third largest dairy in China) the stock was 26 cents. After the merger the stock went as high as $52 on huge volume on the full NASDAQ, and now trades in the $6 range due to the current negative sentiment towards China deals. An investment of $10,000 would have made $2 million if you hung on to your shares and sold at $52. I believe Thomas Braun entered into the CEO role at Verisante with a clear vision of the path needed to succeed in bringing this revolutionary product to market. The European CE mark, the Health Canada approval and an approval in Australia all look to be within reach. It’s an exciting time for the company and its shareholders and I intend to witness all of these milestones as they are reached.
CONTENT POSTED ON THIS BLOG DOES NOT CONSTITUTE A BUY OR SELL RECOMMENDATION. MANY OF THE COMPANIES PROFILED HERE I AM NOT INVESTED IN AND DO NOT INTEND TO INVEST IN. THESE ARE MERELY MY THOUGHTS ON MARKET CONDITIONS AND STOCK VALUATIONS. INVESTING IN THE STOCK MARKET CAN BE VERY RISKY AND YOU SHOULD ALWAYS CONSULT AN INVESTMENT PROFESSIONAL BEFORE MAKING ANY DECISIONS. ULTIMATELY YOU ARE RESPONSIBLE FOR CONDUCTING YOUR OWN DUE DILIGENCE AND PROTECTING YOUR MONEY.