AlphaRx Enters into Strategic Alliance With Taiwan PanBiotic to Commercialize BCD Drug Delivery Products in Taiwan.Business Editors, Health & Medical Writers BIOWIRE2K RICHMOND HILL Richmond Hill may refer to: Places:
AlphaRx Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AHRX) announced today that it has signed a letter of intent to enter into a strategic alliance with Taiwan PanBiotic Laboratories Co., Ltd. to commercialize certain of AlphaRx's BCD (Binary Coded Decimal) The storage of numbers in which each decimal digit is converted into binary and is stored in a single character or byte. For example, a 12-digit number would take 12 bytes. See binary numbers. drug delivery products in Taiwan, including AlphaRx's full line of nutraceutical products. Additionally, AlphaRx will reformulate Verb 1. reformulate - formulate or develop again, of an improved theory or hypothesis redevelop formulate, explicate, develop - elaborate, as of theories and hypotheses; "Could you develop the ideas in your thesis" certain PanBiotic products utilizing its proprietary BCD drug delivery technologies, to improve efficacy, reduce side effects Side effects Effects of a proposed project on other parts of the firm. and extend product marketing lifespan. AlphaRx will grant PanBiotic Taiwanese manufacturing and marketing exclusivity for these BCD products, in exchange for a 35% equity position in PanBiotic and a royalty stream from product sales. "We are very pleased to have PanBiotic as our strategic partner. We gain immediate access to the Taiwan market for our products through PanBiotic's established sales and distribution channels. We also gain high quality, broad range GMP GMP (guanosine monophosphate): see guanine. manufacturing capabilities to produce our drug delivery products for the Asian market," said Mr. Michael Lee, President of AlphaRx. "This is also a good example of how a traditional pharmaceutical company can benefit from the utilization of advanced drug delivery technologies to revitalize old drug formulations into new revenue generating products." About AlphaRx AlphaRx is engaged in the development of novel formulations of drugs that are insoluble or poorly soluble in water. AlphaRx's broad product pipeline consists of carefully selected, currently marketed drugs which, through the application of its proprietary BCD drug delivery technology, offer improved medical benefits over existing products with a strong commercial potential. About PanBiotic PanBiotic is a 30 year old, fully integrated pharmaceutical company, with over 72 employees, operating a GMP facility in Kaohsuing, Taiwan's second largest city. PanBiotic manufactures and distributes solid, liquid and injectable dosage form prescription and non-prescription pharmaceutical products to hospitals, medical clinics and pharmacies in Taiwan and exports nutritional products internationally. FORWARD LOOKING STATEMENTS: This release contains forward-looking statements within the meaning and pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995 and involve risks and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing, competition, regulatory and/or other factors, which are outside the control of the Company. |
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