New Innovative Drugs to Treat Mitochondrial Diseases Exclusively Licensed to Samaritan
02 Febbraio 2006 - 2:00PM
Business Wire
Samaritan Pharmaceuticals Inc. (AMEX:LIV) a developer of innovative
drugs, announced today, it has agreed to exclusively license "Use
of Spirostenols to treat Mitochondrial Disorders" from Georgetown
University. Mitochondria are specialized compartments present in
every cell of the body, except red blood cells and are responsible
for generating over 90% of the energy needed to sustain life.
Diseases thought to involve mitochondria impairment are
Alzheimer's, Parkinson's, Multiple Sclerosis, and conditions such
as, neuronal death induced by stroke, traumatic brain injury,
seizures and spinal cord injury, among many others. Dr. Janet
Greeson, CEO of Samaritan Pharmaceuticals stated, "We are extremely
pleased with our collaboration with Georgetown University, it gives
us the ability to continually, build and grow, our pipeline of
innovative drugs. The future, and our future, is dependent on
innovation, and I feel 100% confident our shareholders will be
kindly rewarded for being patient with us as we build and grow
Samaritan." Samaritan Pharmaceuticals: "We LIV....to Save Lives."
Samaritan Pharmaceuticals is a drug development company driven to
discover, develop, and commercialize, innovative therapeutics' for
AIDS, Alzheimer's, Cancer and Heart disease. Samaritan, in
collaboration with Georgetown University, is advancing eight
promising compounds, out of its rich pipeline of 250 possible drug
candidates, all of which have the potential to create
revenue-generating opportunities. Additional information is at
www.samaritanpharma.com. 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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