Inncardio, Inc. Commences Trading on OTCBB Under Ticker 'INDO'
05 March 2005 - 4:03AM
PR Newswire (US)
Inncardio, Inc. Commences Trading on OTCBB Under Ticker 'INDO' NEW
YORK, March 4 /PRNewswire-FirstCall/ -- Inncardio, Inc. (OTC:INDO)
(BULLETIN BOARD: INDO) , a biotechnology company focused on the
development of treatments and therapies targeted at
cardiovascular-related diseases, today announced that it has been
approved to trade on the OTC Bulletin Board(R) (OTCBB) under the
ticker symbol "INDO." "Inncardio continues to seek additional early
stage development products to expand its portfolio of
cardiovascular product candidates," commented Bernard Ross, Chief
Executive Officer of Inncardio. "The commencement of the company
trading on the OTCBB serves as an entry into the public markets and
the additional financial opportunities therein." About Inncardio,
Inc. Inncardio, Inc., a subsidiary of Bioaccelerate Holdings Inc.
(OTC:BACL) (BULLETIN BOARD: BACL) , is a biotechnology company
engaged in the acquisition, development and commercialization of
treatments and therapies targeted at various cardiovascular
diseases. The Company's management team is focused on both the
ongoing development of Inncardio's products to build value prior to
partnering and the in-licensing of additional cardiovascular
products to further enhance the Company's commercial value. The
Company currently has six compounds in its portfolio. Three of the
compounds are currently undergoing clinical investigation, and
three are in pre-clinical studies. Inncardio's lead clinical
development product is being investigated for use as a post-stroke
therapy that has a novel delivery profile and is targeted to reduce
the incidence and severity of ischemic deficits in patients with
subarachnoid hemorrhage from rupture intracranial berry aneurysm.
About Bioaccelerate Inc. Bioaccelerate Holdings Inc. (BACL.OB) is a
pharmaceutical development organization ("PDO") that seeks to
acquire, develop and commercialize novel pharmaceutical compounds
in an efficient, cost-effective way. Bioaccelerate uses its broad
network of academic, industry and capital market relationships to
expedite drug development and raise capital to create and fund its
subsidiary companies, which are organized by vertical portfolios in
five therapeutic areas: oncology, specialty pharmaceuticals,
central nervous system disorders (CNS), cardiovascular disease and
anti-infectives. Bioaccelerate conducts its business directly and
through its subsidiaries. The company holds majority equity
interests in 10 biopharmaceutical companies, three of which are
public, and holds minority interests in four biopharmaceutical
companies, two of which are public. The company also holds a
minority equity interest in a public nanotechnology company.
Bioaccelerate's strategy relies on its development network for
research, clinical development and project management to guide
early-stage compounds from the discovery process through to Phase
II/III development where incremental value can be created.
Bioaccelerate Holdings is listed on the Over-The-Counter Bulletin
Board under the symbol "BACL.OB." For more information on
Bioaccelerate, visit the company's website at
http://www.bioaccelerate.com/. Safe Harbor Certain statements
contained herein are "forward-looking" statements (as such term is
defined in the Private Securities Litigation Reform Act of 1995).
Because these statements include risks and uncertainties, actual
results may differ materially from those expressed or implied by
such forward-looking statements. Specifically, factors that could
cause actual results to differ materially from those expressed or
implied by such forward-looking statements include, but are not
limited to: risks associated with pre-clinical and clinical
developments in the biopharmaceutical industry in general and in
Inncardio or Bioaccelerate's compounds under development in
particular; the potential failure of Inncardio or Bioaccelerate's
compounds under development to prove safe and effective for
treatment of disease; uncertainties inherent in the early stage of
Inncardio or Bioaccelerate's compounds under development; failure
to successfully implement or complete clinical trials; failure to
receive marketing clearance from regulatory agencies for our
compounds under development; acquisitions, divestitures, mergers,
licenses or strategic initiatives that change Inncardio or
Bioaccelerate's business, structure or projections; the development
of competing products; uncertainties related to Inncardio or
Bioaccelerate's dependence on third parties and partners; and those
risks described in the filings with the SEC, all of which are under
Bioaccelerate's prior name Mobile Design Concepts, Inc. and
Inncardio's prior name Softwall Equipment Corp. Inncardio and
Bioaccelerate disclaim any obligation to update these
forward-looking statements. Contacts: Bioaccelerate Holdings Inc.
Christopher O'Toole Senior Vice President 212-897-6849 Inncardio
Inc. Bernard Ross Chief Executive Officer +44 (0) 207 451 2478
Matthew Haines (Investors) Vice President Noonan Russo 212-845-4235
Emily Poe (Media) Vice President Noonan Russo 212-845-4266
DATASOURCE: Bioaccelerate Holdings Inc.; Inncardio Inc. CONTACT:
Christopher O'Toole, Senior Vice President of Bioaccelerate
Holdings Inc., +1-212-897-6849; or Bernard Ross, Chief Executive
Officer of Inncardio Inc., +44-207-451-2478; or Matthew Haines
(Investors), Vice President, +1-212-845-4235, or Emily Poe (Media),
Vice President, +1-212-845-4266, both of Noonan Russo Web site:
http://www.bioaccelerate.com/
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