Las Vegas, NV -- (SBWIRE) -- 11/12/2012 -- Since the beginning of September when the stock as trading around $0.75 per share TNI BioTech, Inc. (PINK:TNIB) has continued to make explosive gains and just when investors thought the stock could not go any higher, it does!
For many unlucky shorts who smartly shorted TNIB which has little if any fundamentals to back up its $180 million market valuation when the stock broke over $1 this continuing rise has been a nightmare and has already cleaned out many trading accounts.
Currently trading at $7.50 per share TNIB has been on a tear in recent sessions spiking off its $5 highs to incredible new highs.
TNI BioTech is a biotech company combating fatal diseases through the activation and mobilization of the body's immune system using our patented immunotherapy. Their products and immunotherapy technologies are designed to harness the power of the immune system to improve the treatment of cancer, infections such as HIV/AIDS, chronic inflammatory diseases, and autoimmune diseases.
The Company has been making some important announcements in recent months; on October 18 they reported that "TNI BioTech, Inc. and Hubei Qianjiang Pharmaceutical Co., Ltd., announced an agreement to co-develop new cancer drugs based on TNI BioTech's patents involving Methionine Enkephalin which when approved will be marketed in China under the brand name IRT-101 and IRT-102.
OTCMAGIC has recently published a new article on TNIB. To find out more about this stock and what OTCMAGIC projects for TNI BioTech both short term and long term please go here: TNIB
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