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The state-run Central Energy Fund subsidiary, Enerkom's coal-based drug, oxihumate-K, had a rough ride this month. The Johannesburg-based Mail & Guardian called it "a loony new AIDS drug" - memories of the Virodene debacle are still fresh. A senior British HIV clinician also said it was likely to be worthless.
However, Enerkom has denied that it claimed the drug, already on the market as the nutritional supplement, Oximate, is a cure for AIDS, saying instead that it is intended to boost the immune system, helping the body cope with infections.
With HIV/AIDS still rising exponentially in SA and the region the market for a palliative is bound to be lucrative. R80 million has been spent so far on developing the project, a loan Enerkom obtained from the CEF. R3.4-million of the ...