Samaritan Devoted to Pipeline Success
14 Febbraio 2006 - 11:00AM
Business Wire
Samaritan Pharmaceuticals Inc. (AMEX:LIV), a developer of
innovative drugs, announced today, it is devoting a substantial
amount of its recent $40 million dollar financing to research and
development (R&D). According to BioCentury, Strategy-The Inside
Story, "There is really only one thing that sustainable companies
must do: make sure the pipeline is full of products that will come
on the market at reasonable intervals and provide reasonable levels
of revenue. Given the reality of pharmaceutical failure rates, the
characteristics of successful business builders are thus fairly
straightforward: they spend enough on R&D and do enough
partnering and acquisitions to keep the compounds flowing." Dr.
Janet Greeson, CEO of Samaritan Pharmaceuticals, stated, "Although
it is not in our strategy to partner yet, we feel particularly
exuberant about the strength of our pipeline to keep the compounds
flowing and its possibilities for success. Not only that, we are
purposely positioning each one of our promising drugs now to be
continuous revenue streams, even before our initial HIV drug SP-01A
hopefully comes on the market." 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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