Hard to Treat Diseases, Inc. (HTDS) Targets Merger with Biotechnology Company
November 12 2010 - 3:01PM
Marketwired
Hard to Treat Diseases, Inc. (PINK SHEETS: HTDS)
(www.htdsmedical.com) is targeting a merger with a Canadian
biotechnology company that deals with blood transfusion products.
This biotechnology company, who wishes to remain anonymous at
this stage of negotiations, 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. The market value for blood transfusions on
the North American market is currently in excess of $14 billion
USD.
There is currently a shortfall of blood available for
transfusions. Serious harmful side effects exist in the use of
stored donor blood; specifically, the loss of Nitric Oxide (NO)
from the recipients' blood creates a hazardous condition known as
vasoconstriction. Due to the demand for blood and associated
transfusions, there are an increasing number of clinical trials and
process being developed to counteract the loss of NO from
blood.
This up-and-coming biotech company 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.
HTDS has remained silent for the past several months as it
worked on this deal is pleased with this merger opportunity and
feels that it may be a perfect fit alongside their current medical
subsidiaries Shenzhen Mellow Hope Pharm Industrial Co., Ltd. and
Slavica Biochem.
HTDS expects to be in a position to release the name of the
merger candidate and the new appointee officers and all relevant
data shortly. The company is of the opinion that this is a
significant event that requires a public release.
More details to follow shortly.
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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: Investor Relations: 1-647-426-1640;
www.minamargroup.net/helpdesk Investor Relations Department
Inquiry, www.minamargroup.net (IR), for (M&A) and Corporate
Matters, www.minamargroup.com Hard to Treat Diseases Inc.:
crobichaud@htdsmedical.com
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