Taxus Cardium Pharmaceuticals Group Inc (CE) (CRXM) Share Price

Here is what your likely to hear if you want to file a lawsuit:

-What is the basis for your complaint / lawsuit? 
-What are your damages? 
-How are you going to prove that laws were broken?
-Is this a class action lawsuit?
-What attorney / law firm with experience to do so is going to take this case?
-Are you suing Nostrum, CRXM (bc CRXM seems pretty judgement proof) or both?

*Attorneys are expensive, I can't imagine one taking this on spec and you'd probably spend more trying to get back what you lost. I've been in litigation 2x and both of those have taken well over a yr to resolve. Courts don't move quickly.

October 30 2023....Nostrum and its founder and CEO Nirmal Mulye settled with the DOJ for underpaying Medicaid rebates....They are fined and have agreed to pay anywhere from $3,825,000 to $50,000,000.....This hurt CRXM shareholders as they have basically abandoned the company.....The company never filed their financials in a timely fashion and the stock is currently delisted with zero value....IMHO Shareholders should consider legal recourse if things don't turn around in a reasonable timely fashion

Nostrum needs to let go the reigns and let the market blow some life back into this thing, before anyone catches up and leaves their CRXM tech in the dust.

JJ24....Whats Up....I Sent You A Private Message

My understanding and I may be misinformed, the offer was arounf $10 million. Why would Nostrum turn down such a sum given the situation they are/were in?

There is a potential asset woth minimally hunfreds of millions to Nostrum/CRXM and between the 2 companies they can't make a deal for one or the other to be purchased outright or raise $20-25 million to get to the finish line within a year or two?

Something isn't right with this picture.

It wasn't significant enough, I guess.

Didn't CRXM try to buy Nostrum out fairly recently and Nostrum turned down a significant amount of money?

Nostrum would need to buy into that idea and I'm not sure they would.

If he can't raise the $$, why not just sell to a larger pharma?  At least his research would move forward and not die on the wine.

It must be worth something to someone...

Nothing has changed, and the stock will likely never trade again. The future of the GeneRx clinical trial can only be secured if Chris Reinhard raises the capital required (approximately $25 million) to fund the next step to move to a Phase 3 trial. The results from the clinical trial will determine what happens from there. I have chosen not to write this off as a tax deduction since there is still a glimmer of hope, albeit a very small one.

Altitrade Partners:

The below post was from a few months ago. Has your thinking changed any as time has passed and we are at years end? I personally have one of my family members wondering if they should take a tax loss at this point on their CRXM position.

Altitrade Partners

Re: bentleyt post# 6166

Friday, September 06, 2024 9:40:40 AM

Post#
6167
of 6188
It depends on three things:

1. They can obtain funding for a Phase 3 clinical trial of GeneRx.
2. They get a favorable outcome and FDA approval of the drug.
3. They can attract a Big Pharma company to purchase the drug.

I doubt that this company's shares will ever trade again. Instead, CRXM will likely implement an exit strategy for its shareholders based on the above, where the shareholders receive a portion of the proceeds based on any sale of GeneRx.

As I have often said, shareholders should view this as an investment in a private company.
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." ~ Arthur Schopenhauer

docj.....Yes It Would Be Nice If The Company Would Provide Some Kind Of Update....Complete Disregard Of Shareholders.....Regardless Also Wishing Everyone A Happy And Healthy Holiday Season

Anything on the funding?

I wish everyone a great holiday and Happy New Year!

I was told to expect CR to respond to the SEC. Apparently he did not.

I'm not sure if CRXM even exists as a company at this point.

I am extremely disappointed in the CRXM management team for not communicating an update with shareholders.

https://www.sec.gov/files/litigation/opinions/2024/34-101312.pdf

When did CRXM disappear from OTC, anyone else unable to search the ticker?

I’m giving up my moderator position here on the CRXM board. Anyone interested in jumping in is welcome to do so.

Best to you all.

why they updare website it s donw ????

i m mostly ao sad trial was allmost done shareholder loose and people loose amazing that no financong or whatever

Does anyone know if a new entity has been formed and if our CRXM common shares affords us an ownership interest is this new entity?

OTC Markets didn't find anything for CRXM when I checked. Given the SEC's latest letter to Gene Bio, can't say I am surprised. I will say I'm disappointed in CR at the moment. The least he could do is put a banner on the company website providing some clarity on where things stand. Chris, do the right thing and give shareholders an update!

See Altitrade post 9/6/24.....They believe we have shares in what will become a private company.....Hopefully they raise the $ for the Phase 3 Generx Trial

yeah but crxm have been delister so our story is over

The CEO picked bad partners with Nostrum.....Now trying to raise $20,000,000 for Phase 3 Generx trial....How about getting a real deal Biotech involved.....CRXM has to get Nostrum out of the picture!

difficult to understand that crxm saga didn t continue to last trial

so we are delisted now

CRXM SEC registration revoked:

https://www.sec.gov/files/litigation/opinions/2024/34-101312.pdf

Any information on how much success there has been raising money for the trial?

I’m not sure about trading again. It will require a huge investment to get current. Unless CR has come up with another project to pursue that being a public traded company would be of benefit. Or another indication for Generx that gets carved out from the hoped for trial and new investors.

Spoken to Rinehardt a few times over the last few months . He always says he’s working on it . If we trade again it will sky rocket .

tick tock bit when boom it s big question if never

Altitrade....Appreciate your take on the situation....We have to hope for the best

only i ll can tell it s amazing that they don t have get money injection from some big pharma

It depends on three things:

1. They can obtain funding for a Phase 3 clinical trial of GeneRx.
2. They get a favorable outcome and FDA approval of the drug.
3. They can attract a Big Pharma company to purchase the drug.

I doubt that this company's shares will ever trade again. Instead, CRXM will likely implement an exit strategy for its shareholders based on the above, where the shareholders receive a portion of the proceeds based on any sale of GeneRx.

As I have often said, shareholders should view this as an investment in a private company.

Altitrade....What Do You Think Of The Future Of This Company ???

???

Any unofficial updates regarding CRXM?

it s amazing that cannpt get financing to phase 3 soo big market possibilities

I understand CYDY has used AI to come up with additional formulas and indications for leronlimab. Unfortunately I don't think Chris has the money to do anything like that although it could present some options.

3 months or more since I have been aware of the $20m plan. Be nice to hear an update.

Right now Chris should use AI and come up with a list of strong pharmaceutical companies and investors.....The $20,000,000 could be raised easily....Lets replace Nostrum with some good people!

Every conversation I have had with Chris which he can’t say much but I believe he’s doing everything he can to get phase 3 going . We were so close to having phase 3 started with FUJIFILM Diosynth Biotechnologies. If Nostrum didn’t get hammered by the DOJ for up to $50 million we would have been in phase 3 . If Chris gets us trading again and in phase 3 I will retire early from this play . If not I am on Track to working till i am in my grave .

crxm website are active anyways

If the company stays private, there needs to be a way to connect shareholders to buy and sell shares. I owned a shares of stock in a local community bank that was growing its business. The President of the bank had a list of buyers and sellers he would connect. Eventually a link on the banks website allowed shareholders to deal directly with each other.

It would be nice to hear progress details. I'm keeping my fingers crossed CR will be able to put the financing together to move forward with the study. It will be interesting to hear what is in store for CRXM as a company and common shareholders.

I got this feeling we hear something soon .

Hey, BTW, I just saw your private reply post to me from back in May.

I do have the document but I won't share more since I did the super secret handshake. LOL. Perhaps CR will make it available soon.

Do you have a link to the pp? I don’t see it anywhere

So you're saying there's a chance!...YES!

Thanks for posting. Good to see there is still some life and hope for CRXM.

Experienced Leadership & Small Management Team: Gene Bio’s management team is led by Christopher
J. Reinhard, the founder of Gene Bio who has been a driving force responsible for advancing the Generx product
candidate from a pre-clinical lab study at the University of California-San Diego into this current FDA-cleared
Generx Phase 3 clinical study program. Mr. Reinhard was also instrumental in raising over $200 million to lead
and support the Generx development effort. He has also been responsible for three other successful FDA product
registrations.
Nostrum Pharmaceuticals operates multiple manufacturing facilities, supported by sales, marketing and
distribution activities. Nostrum sells generic drug products to hospitals and retail drug stores, by prescription
only, throughout the United States. Nostrum has facilitated the company’s recent financial restructuring and was
responsible for the development of a new Phase 3 clinical plan for FDA registration, and the commercial biologics
manufacturing plan for the Generx product candidate at FujiFilm Bio in Texas.
Nostrum currently owns approximately 75% of Gene Biotherapeutics and approximately 25% is owned by Gene
Bio’s formerly public company shareholders. Following completion of his funding, these shareholders will be
issued contingent value rights (“CVR”) for their proportional share from the net cash distribution entitlements
from the sale of Generx. Gene Bio investors currently own an 85% interest in Generx, and Huapont Life Sciences,
a Chinese-based, publicly traded, pharmaceutical company, owns a 15% equity interest in Generx, and Huapont
Confidential
4
has an exclusive right to manufacture (under certain conditions) market and sell Generx in mainland China
following FDA approval of Generx in the United States.
Nostrum has had some financial setbacks and challenges with its core business, which is why we are now seeking this financial strategic joint venture offering to secure external financial resources to accelerate the clinical developement and commercialization of our Generx product candidate at this time.

Business Strategy: Gene Bio is a small biotechnology research and development boutique, located in San
Diego, that operates with a near-virtual, cost-conserved operating structure. We have a small, highly
experienced team that is currently singularity focused on the successful clinical development and strategic sale
of Generx. This team has worked together on the scientific, medical and clinical development of Generx over the
past 15 years. Set forth below are the key contractors that will be utilized to complete the FDA-cleared Phase 3
Generx study:
(1) FujiFilm Diosynth Biotechnologies: FujiFilm Bio is a world scale operation located in College Park,
Texas. They have expertise in process development and cGMP manufacture of cell and gene therapy
products oncolytic viruses and virial vaccines. We have entered into a manufacturing agreement with
FujiFilm Bio to manufacture Generx supplies for the planned Phase 3 clinical study, and they also have
the current capability to commercially manufacture final Generx product following FDA approval. We
expect that it will take approximately one year to manufacture Generx supplies for the clinical study at an
estimated cost of $5.0 million. In addition, once the final Generx study product is manufactured, Gene
Bio will be required to conduct a preclinical biodistribution study in preparation for the submission of the
Generx Biologics License Application (BLA) with the FDA.
(2) Comac Medical: We are planning to enter into an agreement with Comac Medical, which is located
in eastern Europe, to conduct our final FDA-cleared, Phase 3 clinical study. Comac Medical will be
conducting the study at up to 35 clinical sites, that will include approximately 30 sites in eastern Europe
and Turkey and approximately five sites in the U. S. Based on a recently completed geographic survey,
Comac believes that it is feasible enroll up to all 225 patients during a 12-month recruiting period following
the availability of Generx from FujiFilm Bio. Based on this current plan, we estimate that this clinical
study will cost up to $10.0 million. A copy of this plan, as prepared by Comac Medical, is included in this offering document.