Samaritan's Adult Stem Cell Drug Displays Money-Making Signs
March 21 2006 - 9:29AM
Business Wire
Samaritan Pharmaceuticals Inc. (AMEX:LIV), a developer of
innovative drugs, announced today its Alzheimer's adult stem cell
drug SP-sc04, which induces dormant brain neuronal stem cells to
differentiate rapidly into adult neuron cells, is progressing
through preclinical studies with promising results. According to a
CEO Magazine March 2006 article titled "Have Stem Cells Arrived?"
Fran Hawthorne stated, "signs point to an emerging, money-making
industry" and William R. Brody, president of Johns Hopkins
University, is quoted, "I don't think I have ever seen anything
that has the broad potential that stem cell technology has." "We
are extremely pleased with the progress and the potential of SP-04.
Although it is early stage, each preclinical study we accomplish
gives us hope that we might have an extraordinary treatment for the
mind robbing disease of Alzheimer's," stated Dr. Greeson, CEO of
Samaritan.
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&tier=4&id=A83BC9A72A074876BCA05E0ED18D56E2 Samaritan
Pharmaceuticals: "We LIV....to Save Lives." Samaritan is a
small-cap biotech, driven to discover, develop and commercialize,
innovative therapeutics for AIDS, Alzheimer's, cancer and heart
disease. Look at www.samaritanpharma.com. Please register on Web
site so we can notify you of upcoming conference calls, news and
events. Disclaimer The company disclaims any information that is
created by an outside party, and endorses only information that is
communicated by its press releases, filings and Web site. This news
release contains forward-looking statements that reflect
management's current beliefs about the potential for its drug
candidates, science and technology. However, as with any
biopharmaceutical under development, there are significant risks
and uncertainties in the process of development and regulatory
review. There are no guarantees that products will prove to be
commercially successful. For additional information about the
factors that affect the company's business, please read the
company's latest Form 10-K filed April 15, 2005. The company
undertakes no duty to update forward-looking statements.
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