Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Bio-Bridge Science Issues Corporate Update.


OAK BROOK, Ill. -- Bio-Bridge Science, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BGES BGES Belgian Group for Endoscopic Surgery ), a biotechnology company engaged in the commercial development of vaccines for the prevention and treatment of human infectious diseases infectious diseases: see communicable diseases.  issues a corporate update today.

The Company's strategy is to develop its own vaccines, to establish a vaccine and drug distribution network, and to acquire promising vaccine-producing and vaccine-related companies in China to diversify product offerings.

Complementary Acquisition

The Company is in discussions with several potential acquisition targets in China. These targets are primarily vaccine companies with increasing vaccine sales and stable sales channels. Other targets include vaccine development and production-related companies. Our short-term goal is to acquire one of these vaccine companies, which will increase our product offerings and revenues, and establish our first sales channel in China. Our goal is to acquire at least 51% of a target company at a reasonable price. We will provide further information when an acquisition agreement has been signed.

In-House Vaccine Product Development

HIV vaccine HIV vaccine AIDS As of mid-2005, there is no viable anti-HIV vaccine. See AIDS. : The pre-clinical studies of our HIV Vaccine on laboratory animals were completed by the Beijing Institute of Radiation Medicine and showed encouraging results. After the vaccine samples are produced in our GMP GMP (guanosine monophosphate): see guanine.  facility in Beijing, we will submit application for clinical trials with the SFDA SFDA State Food and Drug Administration (China)
SFDA Saudi Food & Drug Authority
.

Second generation of a HPV vaccine (a polyvalent vaccine polyvalent vaccine
n.
A vaccine prepared from cultures of two or more strains of the same species of microorganism or virus. Also called multivalent vaccine.
): We entered into a cooperative agreement with the Institute of Basic Medical Sciences at the Chinese Academy of Medical Sciences, a leading medical research institute in China, to research and develop a human papillomavirus human papillomavirus (HPV), any of a family of more than 60 viruses that cause various growths, including plantar warts and genital warts, a sexually transmitted disease. Detectable warts can be or removed, usually by chemicals, freezing, or laser, but often recur.  polyvalent vaccine using prokaryotic pro·kar·y·ote also pro·car·y·ote  
n.
An organism of the kingdom Monera (or Prokaryotae), comprising the bacteria and cyanobacteria, characterized by the absence of a distinct, membrane-bound nucleus or membrane-bound organelles, and by DNA that
 expression system (HPV vaccine). This vaccine is designed to prevent from infection by human papillomavirus types 6, 11, 16, 18, 31, 45, and 58 and would, if successful, prevent more types of HPV HPV human papillomavirus.

HPV
abbr.
human papilloma virus


Human papilloma virus (HPV) 
 infection than the current vaccines in the market and the cost of the production will be significantly lower. Currently the pre-clinical study of the HPV vaccine is under way. We expect that the pre-clinical study can be completed in the second half of 2008.

Facility Completion Update

The electricity project for our GMP facility in Beijing is in process and the Company expects the project to be completed in the second half of 2007. We expect at that time the facility will be fully operational.

Dr. Liang Qiao, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Bio-Bridge Science said, "We believe that a completion of our planned acquisition will enable us to increase our revenue and build a vaccine and drug distribution network in China. Also, our association with leading medical research institutes in China will solidify our research capability as we try to introduce more potential vaccine products in addition to our current vaccines in development."

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. Please refer to the Company's SEC filings for additional information.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 19, 2007
Words:591
Previous Article:Appian Named a 'Best Place to Work' by Washington Business Journal.
Next Article:Research Documents Scalable Production, Survival Following Engraftment and Positive Impact on Cardiac Function in Infarcted Rats for Geron's Human...
Topics:



Related Articles
Education trends portend trouble for defense.
Government contracts focus on vaccines, emergency response.
Ready to respond? National Guard, Army chemical units criticized for being untrained, unprepared.
Another side to global warming: environmentalists and the UN want you to believe that the science of global warming is settled and that the globe is...
Internet resources for early U.S. patents.
The Newsletter on Newsletters 2007 Newsletter awards competitions.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles