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Omnimmune Holdings, Inc. (OMMH/OMMH.OB) Wrap Up:

Omnimmune Holdings, Inc., through its subsidiary, Omnimmune Corp., operates as a development-stage biotechnology company integrating complementary cancer therapeutic, diagnostic, and prognostic technologies in the United States. The company owns rights for monoclonal antibody technologies and a multivalent phase I cancer vaccine targeting two epitopes of HER-2, validated tumor associated antigens. It also intends to develop personalized cancer treatment with the selection of prophylactic and therapeutic vaccines, monoclonal antibodies, and gene-based products, which target a hormone called human chorionic gonadotropin. The company is based in Houston, Texas.
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Omnimmune Holdings, Inc. (OMMH:OTC Bulletin Board Market)

LAST $0.16 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 9, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Omnimmune Holdings, Inc. (OMMH)

OPEN
--
PREVIOUS CLOSE
$0.16
DAY HIGH
--
DAY LOW
--
52 WEEK HIGH
02/6/09 - $1.01
52 WEEK LOW
10/5/09 - $0.12
MARKET CAP
1.4M
AVERAGE VOLUME 3 mo
100.0
DILUTED EPS TTM
--
SHARES OUTSTANDING
8.8M
OMMH Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

OMMH Top Compensated Officers

Dr. Harris A. Lichtenstein Ph.D.
Chairman, Chief Executive Officer, President,...
Age: 68
Total Annual Compensation: $129.2K
Mr. Howard Becker
Chief Operating Officer
Age: 50
Total Annual Compensation: $66.6K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Omnimmune Holdings, Inc. (OMMH)

Omnimmune Holdings, Inc. announced delayed 10-Q filing

On 11/16/2009, Omnimmune Holdings, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Omnimmune Holdings Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2009

Omnimmune Holdings Inc. reported earnings results for the second quarter ended June 30, 2009. For the quarter, the company's net loss for the quarter was $458,984, up from $3.02 million for the same quarter the previous year 2008.

Omnimmune Seeks Financing

Omnimmune Holdings, Inc. plans to raise funds. The firm said in Form 10-Q filed with Securities and Exchange Commission (SEC), “Management is seeking to raise additional money through private debt and equity offerings to enable us to satisfy our cash requirements in the coming months and beyond and to fund ongoing research and development activities. We are not self-supporting through internally generated capital, and rely exclusively on our continued ability to raise additional funds through private or public debt or equity financings to meet our ongoing cash needs. We will require substantial additional funding in order to meet our obligations to our licensors, continue our research and product development programs, including preclinical testing and clinical trials of our product candidates, and meet ongoing operating expenses. We expect to continue to incur substantial losses through at least the next several years and may incur losses in subsequent periods. The amount and timing of our future losses are highly uncertain. Our ability to achieve and thereafter sustain profitability will be dependent upon, among other things, successfully developing, commercializing and obtaining regulatory approval or clearances for our technologies and products resulting from these technologies, which will require substantial additional funding, the availability of which is uncertain. A material shortage of capital will require us to take drastic steps such as reducing our levels of operations, disposing of selected assets, curtailing our development efforts or seeking an acquisition partner. If cash is insufficient, we may not be able to continue operations.”

otc, otcbb, pinksheet, OMMH, ob Omnimmune Holdings, Inc.

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Industry Analysis

Valuation OMMH Industry Range
Price/Earnings NM Not Meaningful
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Price/Cash Flow NM Not Meaningful
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OMMH transactions

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No transactions in the last 6 months.

More Recent News About Omnimmune Holdings, Inc.

More news for OMMH

OMNIMMUNE HOLDINGS, INC. Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue -   -   -   -  Cost of Revenue -   -   -   -  Gross Profit -   -   -   -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative400  322  431  5,045  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(400)(322)(431)(5,045)Income from Continuing OperationsTotal Other Income/Expenses Net -   -  (2)6,533  Earnings Before Interest And Taxes(400)(322)(433)1,488  Interest Expense59  57  57  6,988  Income Before Tax(459)(378)(490)(5,499)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(459)(378)(490)(5,499)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Chan...
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OMNIMMUNE HOLDINGS, INC. Files SEC form 8-K, Other Events

Item 8.01. Other Events. On April 18, 2008, Omnimmune Corp. (the "Company"), a wholly owned subsidiary of Registrant, entered into an exclusive license agreement with The Ohio State University ("OSU"), covering, among other things, certain technology and patent rights relating to a Her-2 vaccine (the "Vaccine") under development at OSU (the "License Agreement"). By letter dated August 17, 2009, and received by the Company on August 20, 2009 (the "Notice"), OSU sent formal notice to the Company of its alleged material breach of the License Agreement related to non-payment of certain license fees totaling $140,000, together with late charges of $13,575. The Company acknowledges that certain license fees called for under the License Agreement were not paid as scheduled in the License Agreement. However, the Company believes that it (i) has meritorious defenses and counterclaims to OSU's claim of breach under the License Agreement, and (ii) has separate claims both against OSU and an OSU employee relating to conduct in inducing the Company into entering into the OSU License Agreement without full disclosure of certain facts as well as conduct occurring during the pendency of the License Agreement and intends to pursue these claims and causes of action should the issues raised in the Notice not be resolved consensually. The License Agreement provides that if the Company fails to make any required payment when due, OSU has the right to terminate the License Agreement on 30 days' written notice, which has been provided to the Company in the form of the Notice. Under Section 11.2 of the License Agreement, any payments which, in fact, are due and owing as of the date of the Notice must be paid in full within 30 days of the receipt of the Notice, failing which the License Agreement would terminate automatically. However, Section 11.5 of the License Agreement provides that if the Company, as licensee, disputes an alleged default or br...
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OMNIMMUNE HOLDINGS, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview Omnimmune Holdings, Inc. ("Omnimmune" or the "Company") is the holding company of Omnimmune Corp., a development-stage biotechnology company integrating complementary cancer therapeutic, diagnostic and prognostic technologies. Our mission is to provide a comprehensive and personalized approach to the clinical management of cancer through improved diagnostic, prognostic and therapeutic interventions. Omnimmune has acquired licensed rights to breakthrough platform monoclonal antibody technologies and a multivalent cancer vaccine targeting two epitopes of HER-2, validated tumor associated antigens. The vaccine has completed a Phase I NCI sponsored clinical trial. Omnimmune plans to sponsor Phase II and III trials and market the vaccine in collaboration with others. We believe the core technology utilized in the development of this multivalent vaccine represents a platform for the development of additional vaccines. Omnimmune intends to play a leading role in the development of personalized cancer treatment with the selection of prophylactic and therapeutic vaccines (active immunization), monoclonal antibodies (passive immunization) and gene-based products, which target a hormone called human chorionic gonadotropin ("hCG"). Appropriate patient-specific passive immunotherapies will be based upon a patient's own sequences of hCGb (human chorionic gonadotropin beta subunit), and its gene products (mRNA). HCGĂź and its genes have been detected in a majority of cancers studied to date, and is a well validated tumor marker. On this basis, hCG has enormous potential as a target for the diagnosis and treatment of cancer patients. The application of appropriate patient-specific immunotherapy will be based upon the genetic expression and translation of a patient's own subunit marker(s), as determined by Omnimmune's combined immuno-genetic cancer dia...
Click here to read the whole Article (external link)

OMNIMMUNE HOLDINGS, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for OMNIMMUNE HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for OMNIMMUNE HOLDINGS, INC. 23-Jul-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational p...
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OMNIMMUNE HOLDINGS, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview Omnimmune Holdings, Inc. ("Omnimmune" or the "Company") is the holding company of Omnimmune Corp., a development-stage biotechnology company integrating complementary cancer therapeutic, diagnostic and prognostic technologies. Our mission is to provide a comprehensive and personalized approach to the clinical management of cancer through improved diagnostic, prognostic and therapeutic interventions. Omnimmune has acquired licensed rights to breakthrough platform monoclonal antibody technologies and a multivalent cancer vaccine targeting two epitopes of HER-2, validated tumor associated antigens. The vaccine has completed a Phase I NCI sponsored clinical trial. Omnimmune plans to sponsor Phase II and III trials and market the vaccine in collaboration with others. We believe the core technology utilized in the development of this multivalent vaccine represents a platform for the development of additional vaccines. Omnimmune intends to play a leading role in the development of personalized cancer treatment with the selection of prophylactic and therapeutic vaccines (active immunization), monoclonal antibodies (passive immunization) and gene-based products, which target a hormone called human chorionic gonadotropin ("hCG"). Appropriate patient-specific passive immunotherapies will be based upon a patient's own sequences of hCGb (human chorionic gonadotropin beta subunit), and its gene products (mRNA). HCGĂź and its genes have been detected in a majority of cancers studied to date, and is a well validated tumor marker. On this basis, hCG has enormous potential as a target for the diagnosis and treatment of cancer patients. The application of appropriate patient-specific immunotherapy will be based upon the genetic expression and translation of a patient's own subunit marker(s), as determined by Omnimmune's combined immuno-genetic cancer dia...
Click here to read the whole Article (external link)

OMNIMMUNE HOLDINGS, INC. Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview Omnimmune Holdings, Inc. is the holding company of Omnimmune Corp., a development-stage biotechnology company integrating complementary cancer therapeutic, diagnostic and prognostic technologies. Our mission is to provide a comprehensive and personalized approach to the clinical management of cancer through improved diagnostic, prognostic and therapeutic interventions. Omnimmune has acquired licensed rights to breakthrough platform monoclonal antibody technologies and a multivalent cancer vaccine targeting two epitopes of HER-2, validated tumor associated antigens. The vaccine has completed a Phase I NCI sponsored clinical trial. Omnimmune plans to sponsor Phase II and III trials and market the vaccine in collaboration with others. We believe the core technology utilized in the development of this multivalent vaccine represents a platform for the development of additional vaccines. RESULTS OF OPERATIONS As a development stage pharmaceutical company, we produce no revenues and do not expect to produce any revenues for the foreseeable future. We have incurred operating losses of $5,989,872 and $2,768,669 for the years ended December 31, 2008 and December 31, 2007, respectively, and as of December 31, 2008, we had an accumulated deficit of $19,337,999. Because we produce no revenues, we rely entirely on debt and equity financing to fund ongoing operations, and expect to continue to do so for the foreseeable future. Generating revenues and ultimately achieving profitability will require the successful completion of our research and development programs, and the subsequent commercialization of the results or of products derived from such research and development efforts or from our patents and patents pending and those licensed from our strategic collaborators. No assurances can be given as to our ability to identify sufficient sources of funding to ...
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OMNIMMUNE HOLDINGS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or Princ

Show all filings for OMNIMMUNE HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for OMNIMMUNE HOLDINGS, INC. 20-Feb-2009Entry into a Material Definitive Agreement, Change in Directors or Princ Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inform...
Click here to read the whole Article (external link)

OMNIMMUNE HOLDINGS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exh

Show all filings for OMNIMMUNE HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for OMNIMMUNE HOLDINGS, INC. 25-Nov-2008Entry into a Material Definitive Agreement, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information ...
Click here to read the whole Article (external link)

OMNIMMUNE HOLDINGS, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview Omnimmune Holdings, Inc. ("Omnimmune" or the "Company") is the holding company of Omnimmune Corp., a development-stage biotechnology company integrating complementary cancer therapeutic, diagnostic and prognostic technologies. Our mission is to provide a comprehensive and personalized approach to the clinical management of cancer through improved diagnostic, prognostic and therapeutic interventions. Omnimmune has acquired licensed rights to breakthrough platform monoclonal antibody technologies and a multivalent cancer vaccine targeting two epitopes of HER-2, validated tumor associated antigens. The vaccine has completed a Phase I NCI sponsored clinical trial. Omnimmune plans to sponsor Phase II and III trials and market the vaccine in collaboration with others. We believe the core technology utilized in the development of this multivalent vaccine represents a platform for the development of additional vaccines. The Company was originally incorporated on February 22, 2007, in the State of Nevada under the name Roughneck Supplies, Inc. (hereinafter referred to as "Roughneck"), and upon a merger with and into Omnimmune Holdings, Inc. effective August 6, 2008, the Company changed its domicile to Delaware. Further, on August 7, 2008, Omnimmune Corp., a Texas corporation ("Omni Corp."), merged with and into the Company's wholly owned subsidiary and Delaware corporation, Omnimmune Acquisition Corp. (the "Merger"). Upon the closing of the Merger, Omnimmune Acquisition Corp., after changing its name to "Omnimmune Corp.," continued as a wholly-owned subsidiary of the Company, succeeding to the business, assets and liabilities of Omni Corp. Concurrent with the Merger, we changed our fiscal year end from May 31 to December 31 and changed our domicile to Delaware. The various transactions that comprised the Merger, a...
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