Hard to Treat Diseases, Inc. (HTDS) Releases the Name of Its Biotechnology Merger Candidate
23 November 2010 - 5:30AM
Marketwired
Hard to Treat Diseases, Inc. (PINK SHEETS: HTDS)
(www.htdsmedical.com) announces that the merger negotiations with
the Canadian Biotechnology company are proceeding well, and that
the merger candidate permitted HTDS to release the name and
additional information about the candidate:
The merger candidate, Hb Products Inc., is a Canadian
biotechnology company that deals with blood transfusion products.
Hb Products Inc. is a biotechnology company that is involved in
validating a product that will reduce the major side effects
related to transfusions of donated blood or hemoglobin-based blood
substitutes.
Hb Products Inc. focuses on treatment of serious harmful side
effects existing with the use of stored donor blood, focusing
specifically on solving the loss of Nitric Oxide (NO) from the
recipients' blood, which creates a hazardous condition called
vasoconstriction. The market for these blood products is relatively
untapped and highly competitive. Due to the potential market for
blood substitutes and the shortfall of available donor blood,
several pharmaceutical companies have attempted to gain FDA
approval for their products, but none have succeeded as of yet. Hb
Products Inc. plans to demonstrate in pre-clinical tests that its
product can circumvent the loss of NO from blood and improve the
shelf life of stored blood for up to 42 days.
The market value for blood transfusions on the North American
market is currently in excess of $14 billion USD.
HTDS sees Hb Products as a perfect fit alongside their current
medical subsidiaries Shenzhen Mellow Hope Pharm Industrial Co.,
Ltd. and Slavica Biochem.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of Hard to
Treat Diseases Inc., that constitute forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be,"
"expects," "may affect," "believed," "estimate," "project" and
similar words and phrases are intended to identify such
forward-looking statements. Hard to Treat Diseases Inc. cautions
you that any forward-looking information provided by or on behalf
of Hard to Treat Diseases Inc. is not a guarantee of future
performance. None of the information in this quarterly report
constitutes or is intended as an offer to sell securities or
investment advice of any kind. Hard to Treat Diseases Inc.'s actual
results may differ materially from those anticipated in such
forward-looking statements as a result of various important
factors, some of which are beyond Hard to Treat Diseases Inc.'s
control. In addition to those discussed in Hard to Treat Diseases
Inc.'s press releases, public filings, and statements by Hard to
Treat Diseases Inc.'s management, including, but not limited to,
Hard to Treat Diseases Inc.'s estimate of the sufficiency of its
existing capital resources, Hard to Treat Diseases Inc.'s ability
to raise additional capital to fund future operations, Hard to
Treat Diseases Inc.'s ability to repay its existing indebtedness,
the uncertainties involved in estimating market opportunities, and
in identifying contracts which match Hard to Treat Diseases Inc.'s
capability to be awarded contracts. All such forward-looking
statements are current only as of the date on which such statements
were made. Hard to Treat Diseases Inc. does not undertake any
obligation to publicly update any forward-looking statement to
reflect events or circumstances after the date on which any such
statement is made or to reflect the occurrence of unanticipated
events.
Contacts: Hard to Treat Diseases, Inc. corporate@htdsmedical.com
www.htdsmedical.com
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