Hard to Treat Diseases (HTDS) Closes Previously Announced Pending $1.8 Million Deal and Fast Tracks Its Entry to Thailand's Market
SHENZHEN, China, Dec. 9 /PRNewswire-FirstCall/ - Hard to Treat Diseases (HTDS; http://www.htdsmedical.com) and its China based subsidiary Mellow Hope announce that the company has closed its previously announced pending contract worth about $1.8 million. The revenues of this contract will be indicated in subsequent quarterly filings.
In other previously announced news and updates, the batch of MEVAC-DTaP (Diphtheria, tetanus and pertussis vaccine, absorbed) that had been delivered to Thailand undergoes further tests for distribution approval on Thailand's market. As the tests continue, Mellow Hope invited Thailand's FDA expert to visit its vaccine production facility in China. The FDA Expert will inspect the facility between 21st-24th December 2009. This invite and the facility inspection aim to speed up the MEVAC-DTaP vaccine registration in Thailand.
Terry Yuan, the CEO of HTDS said, "The FDA expert will scrutinize our production processes and methods used in our production and report his findings to Thailand authorities. We believe that close cooperation with authorities is a key for success in the pharmaceutical industry and we always aim to outperform in this area. We want to be transparent with our customers so they can see we mean business."
HTDS operates two subsidiaries, Slavica Bio Chem Co. (www.slavicabiochem.com/) and China Mellow Hope Inc. (http://www.mellowhope.com/). China-based Mellow Hope is the biggest exporter of Biological Vaccines in China. It has a product line that encompasses vaccines for influenza, tetanus, diphtheria and other diseases; blood based products including human rabies immunoglobulin; and active pharmaceutical ingredient (or APIs) for injection such as celestat in. Slavica's primary focus involves the enhancement and modification of existing approved drugs such as "Virazole" for the purpose of chemical repair of damage to the Central Nervous System, Multiple Sclerosis, SARS, Hepatis C.
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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 press release 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.
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SOURCE Hard to Treat Diseases