Advanced Plant Pharmaceuticals Announces Signed Letter of Intent for Distribution in Spain.NEW YORK--(BUSINESS WIRE)--Dec. 2, 1997--Advanced Plant Pharmaceuticals Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. APPI APPI American Psychiatric Publishing, Inc. APPI American Psychiatric Publishing Inc. APPI American Psychiatric Press, Inc. APPI Atmospheric Pressure Photoionization APPI Advanced Peer-to-Peer Internetworking APPI Advanced Plant Pharmaceuticals Inc. ) announced today that they have signed a letter of intent with Health SA of Madrid, Spain to distribute their line of whole plant pharmaceuticals in England, Spain, and Portugal. Health SA has a network of 30 area offices and an international division, which provides integral service in the distribution of pharmaceutical products. In exchange for the exclusive distribution rights, Health SA has committed to an undisclosed financial advance to APPI as well as minimum purchases to retain distribution rights. The distribution arrangement is subject to execution of a definitive agreement and completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. . Richard Kaplan, MD, COO of APPI said, "this is the first of expected contracts to be obtained in the near future for broad distribution of APPI's products." APPI is a company that develops innovative plant formulations and technology for clinical application. APPI has met FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. specifications for the marketing of its cholesterol lowering agent in the USA, and has received the first IND from the FDA for a whole plant pharmaceutical which has potential as an immunomodulater in the treatment of patients infected with HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. , the virus that causes AIDS. CONTACT: Advanced Plant Pharmaceuticals Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Marty Clare, 212/964-5863 or Health SA, Madrid L. Santos Calderon, 34 1 733 7212 |
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