Senteeko Tea Estate is one of the major operating platform of Plandai Biotechnology Inc (OTCMKTS:PLPL). It is located in South Africa and spreads on as much as 8.000 acres. There are several tea fields that produce the raw material that the company utilizes to form its highly bio-available green tea extract, popularly known as Phytofare® Catechin Complex.
In April 2015, Stock Market Media Group spent a week in South Africa documenting Plandai’s story. The viewers went inside the tea estate and enjoyed the beauty of property. During that time, the viewers visited Potchefstroom Campus and learnt from the scientists what bioavailability is and why getting it into the bloodstream is so important to end users of company’s item or of any nutraceutical goods for that matter. At the factory, the tea leaves are turned into a rich, vibrant green colored green tea extract.
In last trading session, the stock price of Plandai opened higher but then closed flat at $0.126. The traded share volume was 17,652 compared to monthly share volume of 66,365.
Ritter Pharmaceuticals Inc (NASDAQ:RTTR) Updates On Financial Performance
Last month, Ritter Pharmaceuticals Inc(NASDAQ:RTTR) filed Form 10-Q wherein the management disclosed that they have recorded no revenue since inception. The revenue in seen coming only after the company advances RP-G28 trial and obtains regulatory approval for the same in the U.S. Once it succeeds in the trials, it plans to opt for a partnering agreement so as to commercialize RP-G28 outside the United States.
Ritter plans to initiate additional clinical studies and R&D activities in the coming period. It has utilized all its resources to support the R&D initiatives including clinical and non-clinical trials, manufacturing measures and similar activities. From inception through June 2015, Ritter spent nearly $4.2 million as R&D expenses.
Metabolix, Inc. (NASDAQ:MBLX) Launches ‘Yield10 Bioscience’
Metabolix, Inc. (NASDAQ:MBLX) introduced ‘Yield10 Bioscience’ team in an attempt to boost development and commercialization initiatives activities in crop science.