Cannabis Science, Inc. (OTCBB: CBIS) reached up 14.71% in morning trading to $.05 with 5M shares traded. Cannabis Science, Inc. is at the forefront of pharmaceutical grade medical marijuana research and development. The second formulations will address the needs of patients choosing to use concentrated cannabis extracts to treat their ailments. Cannabis Science, Inc. (OTCBB: CBIS) yesterday inform that the current progress and success with their numerous self-medicated cancer patients, has lead the Company to immediately begin the Investigational New Drug (IND) application process that will target cancer treatment.
Elite Pharmaceuticals, Inc. (OTCBB:ELTP) reached up 14.50% in morning trading to $.12 with 4M shares traded. Elite Pharmaceuticals, Inc. develops oral sustained and controlled release products. Elite's strategy includes assisting partner companies in the life cycle management of products, to improve off-patent drug products, and developing generic versions of controlled release drug products with high barriers to entry. Elite Pharmaceuticals, Inc. ("Elite") (OTCBB:ELTP) announced today that on January 23, 2012, the U.S. Food and Drug Administration approved the Company's supplemental application for the manufacturing and packaging of Hydromorphone Hydrochloride USP 8 mg.
Far East Energy Corporation (OTCBB:FEEC) reached up 12.21% in morning trading to $.339 with 650K shares traded. Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan City, China, Far East Energy Corporation is focused on coalbed methane exploration and development in China. Far East Energy Corporation (OTCBB:FEEC) today announced positive test results from three more appraisal wells located at significant distances from the 1H Pilot Area in the Company's Shouyang Block, continuing a series of successful appraisal wells that have revealed much of the block to be highly prospective.
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