Medical Penny Stocks Making Moves (ORHB, PBIO, INND, ELTP)

The healthcare industry has consistently demonstrated its potential for generating substantial returns on investment over the years. As a result, it remains a sector of keen interest to investors worldwide. In this article, we will delve deeper into the realm of healthcare penny stocks, highlighting four specific companies that merit your attention in the current market landscape.

HippoFi Inc. (OTC:ORHB) The regenerative therapeutics industry is quite hot at the moment, and the company is one of the operators to have made significant strides in that space. HippoFi Inc. operates in a market that could hit a valuation of as much as $200 billion by 2030, and the company is in a position to become a major player.

HippoFi mainly operates across three business segments: digital payments, artificial intelligence, and regenerative therapeutics. Its flagship subsidiary unit, PUR Biologics, is involved in the regenerative therapeutics space. In recent times, regenerative therapeutics have become a source of hope for people who suffer from tissue and organ failures due to a range of factors like age, trauma, and diseases.

Organ transplants, which had been the popular mode of solution in such cases, often pose considerable complications and the problem of limited supply. Regenerative medicine does not suffer from those problems. HippoFi, through its subsidiary unit, PUR Biologics, offers a variety of innovative biological products as well as proprietary technologies. The products and technologies offer solutions like bone growth for surgical spine procedures and also highly advanced cell therapies for the purpose of regenerating cartilage in spinal discs and joints.

On September 12, PUR Biologics announced that it had managed to acquire another patent and further strengthened its position as a major player in the biotech sector. The patent in question was for a path-breaking new device that could help in strengthening the immune response of the body, pain relief advancements, bone regeneration, anti-care therapeutics, and other areas of critical medical needs.

Ryan Fernan, Head of PUR Biologics, noted, "With the spine industry on course for 2 million procedures each year and an estimated $40 billion in revenues for surgical implants by 2027, the demand for PUR's products and the innovative solutions stemming from this patent is expected to see a significant surge."

The device in question could be expected to help in further boosting the line-up of revenue-generating products from PUR Biologics. In the news release, it was also noted that the company intended to generate considerable revenue from the device within the next 18 months. The spine industry is on track to hit 2 million procedures a year, and revenues could hit $40 billion a year by 2027. That could see a major surge in the demand for products offered by PUR Biologics.

On September 6, HippoFi announced that it had entered into a partnership with ZIMMER BIOMET for the purpose of significantly redefining the spinal biologics space. In the news release, it was announced that the combined skills of the two companies would help in the introduction of a unique synthetic biomaterial for bone growth.

HippoFi announced that the product was set to launch in 2024 under PUR Biologics. PUR Biologics has managed to create a reputation for being one of the more important players in the regenerative medicine solutions space. The two companies had also entered into a joint commercialization research agreement.

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Pressure BioSciences Inc. (OTC:PBIO) is a worldwide leader in the field of broadly enabling, innovative, high-pressure-based solutions that could be deployed in a wide range of industries. The instruments from Pressure BioSciences Inc. are meant for the cosmeceutical, biotech, nutraceutical, and agrochemical industries. Additionally, the products are also offered to the food and beverage manufacturing industry.

On September 8, the company announced that it had made a major move in its collaboration with a range of innovators and leaders in the biopharmaceutical and commercialization industries. That included some of the better-known contract development and manufacturing organizations (CDMOs). In the past, the company had exclusively been involved in product development and demonstration research contracts.

Mr. Richard T. Schumacher, President and CEO of PBIO, expanded: "The purchase of a BaroFold System by a leading CDMO is expected to evolve into the commercial scale-up phase, eventually requiring the purchase of one or more custom-made BaroFold Commercial Scale Manufacturing Systems. We estimate that each BaroFold Manufacturing System would likely generate millions of dollars in contract design, installation, and qualification contracts for PBIO."

However, through the latest collaborations, it would make a great jump towards the sale, installation, and qualification of the BaroTrade Protein Refolding Process Development System. The company noted that the first of those systems was being prepared for shipping to the main development and research facility of a worldwide CMDO.

In recent times, due to their higher degree of proven efficacy, low side effects, and higher degree of specificity, proteins have become the main choice for therapeutic designs. Estimates suggest that the worldwide global protein therapeutics market could hit as much as $487 billion by 2030. That being said, it ought to be noted that the traditional methods of biomanufacturing are not only time-consuming but costly as well, and hence, the products are largely out of reach of large sections of people.

However, the Barofold Platform, which boasts 14 patents, could be used to help in the manufacturing of proteins in bacterial cultures and consequently bring about a revolution in the sector. It ought to be noted that the platform is currently being used by both start-ups and companies worth billions of dollars for the development and design of protein-based therapeutics.

InnerScope Hearing Technologies Inc. (OTC:INND) is a major manufacturer of over-the-counter hearing aids, hearing health-related products, and hearing aid accessories. InnerScope Hearing Technologies Inc. is involved in meeting the growing demand for affordable hearing solutions for as many as 70 million people in North America and 1.5 billion people worldwide who suffer from hearing difficulties.

On September 12, the company was in the news after it emerged that its president and chief executive officer, Matthew Moore, had gone on an exclusive interview with The interview provided a better picture of InnerScope Hearing Technologies as a company and its direction.

The company had by then managed to penetrate its target market with considerable traction and boasted of shelf space at some of the better-known retail outlets. The boost in the company’s fortunes had mainly come about thanks to the bipartisan over-the-counter hearing aid legislation, which allowed hearing-impaired individuals to buy hearing aids from major retailers and pharmacy chains without having to show a prescription. That would give the company access to more than 10,000 independent pharmacies across the United States, where it would be able to order its products.

An important factor in the eventual growth of the company as a business is that the number of competitors in the space was fewer than five. At the time, it was also noted that would also host a shareholder Q&A session with InnerScope Hearing Technologies. Those who may be interested in sending an email could call The deadline for sending in the questions had been set for 5 p.m. Eastern Time on September 18.

Elite Pharmaceuticals Inc. (OTC:ELTP) is a specialty pharmaceutical company involved in the development, manufacturing, and distribution of niche generic products. The product lines from Elite Pharmaceuticals Inc. include both immediate and controlled-release products in addition to solid oral care products. These products from the company are all marketed under the Elite Laboratories label.

Additionally, the company also offers the products as per the licenses that it grants to third-party pharmaceutical marketing and distribution entities.

On August 28, the company came into focus after it announced positive results from the important fed and fasted bioequivalence for a generic product that it did not disclose. The product was in a class of CNS stimulants, as per the news release by the company. Additionally, the company also announced at the time that IQVIA had reported annual sales to the tune of as much as $5.1 billion for the 12 months ended on June 30, 2023, for both the branded and generic market combined sales of the product.

The studies that had been conducted were open-label, balanced, randomized, two-treatment, single oral dose, and two-way crossover comparative studies. They were conducted on healthy adult human beings under both fasting and feeding conditions. The results that were obtained by the company indicated that the generic product was bioequivalent to the branded product.

The company also announced in its news release that it was working on the compilation of the data for the product so that it could submit an abbreviated new drug application to the United States Food and Drug Administration.



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