ADGI acquires TCA Technology from Batle.CORAL GABLES Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. , Fla.--(BUSINESS WIRE)--Aug. 16, 1995--Jerry T. Thornthwaite, Ph.D., vice president and director of Scientific Development of American Diversified Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADGI) announced that ADGI has acquired the rights to the Tumor Chemosensitivity Assay from Batle Inc. The Tumor Chemosensitivity Assay (TCA TCA 1. trichloroacetic acid. 2. tricarboxylic acid cycle (Krebs cycle). TCA Tricyclic antidepressant, see there ) is becoming the method of choice for selecting the best chemotherapeutic agent chemotherapeutic agent An agent used to treat CA, administered in 'regimens'-one or more 'cycles' that combine 3 or more agents over wks; CAs are toxic to any cell with a high rate of proliferation–the CA itself, the GI tract–causing N&V, (s) for cancer patients. ADGI has secured the rights to the best method of making the TCA determinations in an accurate and cost effective manner, by a recent agreement with Batle Inc., the company dedicated to the TCA technologies. ADGI has the non-exclusive rights to Batle's patent, trade secrets and know how for the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Mexico, Central and South America. With Batle's concurrence CONCURRENCE, French law. The equality of rights, or privilege which several persons-have over the same thing; as, for example, the right which two judgment creditors, Whose judgments were rendered at the same time, have to be paid out of the proceeds of real estate bound by them. Dict. de Jur. h.t. , ADGI has the rights to sell the technology retaining a 50 percent commission on the sale. Approximately 200-300 tests are anticipated being performed by ADGI during the first year at a net profit (less cost and royalty to Batle) of approximately $600.00 per patient. We believe the TCA will be used routinely for the majority of cancers, much like bacterial sensitivity assays are used to determine the best antibiotic(s). ADGI believes the numbers of tests it conducts will rise significantly. Estimated net profits over the next three years could exceed $3 million (based on a gross of $4 million). For further information contact Dr. Jerrold R. Hinton, 305/448-1288. CONTACT: American Diversified Group Inc., Coral Gables Jerrold R. Hinton, Ph.D., 305/448-1288 |
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