Breaking News: Human BioSystems Continues Platelet Testing at Second Independent Laboratory.PALO ALTO, Calif. -- Human BioSystems (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :HBSC HBSc Honours Bachelor of Science (degree) HBSC Hermosa Beach Soccer Club (Los Angeles, CA) ), developer of preservation platforms for organs and other biomaterials, announces today that it plans to commence blood platelet testing at a second independent laboratory under a research agreement signed in June, 2005. This agreement calls for the laboratory to assist the Company in testing its methods and protocols for extending the storage of blood platelets. The goal is to confirm in-vitro (test tube) results obtained by HBS HBS Harvard Business School HBs Hepatitis B Surface HBS Heinrich Boell Stiftung (German Political Foundation) HBS Household Budget Survey HBS Hogere Burgerschool HBS Hawaii Biological Survey (Bishop Museum) in conjunction with another independent laboratory, and then to proceed to human infusion studies. "We decided to enlist a second laboratory to conduct the same tests in order to give us greater confidence in our results," said Dr. Winter, President of Human BioSystems. Testing is scheduled to start in January 2006. The first independent laboratory contracted by HBS has recently completed the in-vitro test phase and is now preparing to proceed to human infusion studies, pending further internal and 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. approvals that may be required before starting the tests. "We are pleased with the in-vitro results from the first laboratory and are anxious to see the results of the infusion studies," noted Dr. Winter. Blood platelets are the clotting component of blood and are collected from donors and infused into cancer patients that have undergone chemotherapy and/or radiation treatments. Such treatments inhibit the production of platelets for a period of time which can result in bleeding without regular platelet infusion. "Currently, platelets have an FDA mandated 5 day shelf life. It is our goal to extend the shelf life by utilizing the proprietary HBS solution and process to preserve platelets at refrigerated temperatures for at least 7 or more days," said Dr. Winter. "We believe that if our technology is successful and brought to market it would drastically reduce the outdating of platelets, allowing blood centers to significantly reduce their costs. We also believe that refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. will inhibit bacteria growth, resulting in a safer product," added Harry Masuda, 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 Human BioSystems. HBS is headquartered in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. with research facilities in Michigan. Certain statements contained herein are "forward-looking'' statements (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, results from ongoing research and development as well as clinical studies, failure to obtain regulatory approval for the Company's products, if required, failure to develop a product based on the Company's technology, failure of any such products to compete effectively with existing products, the inability to find a strategic partner or to consummate a relationship with a potential strategic partner on acceptable terms, and other factors discussed in filings made by the Company with the Securities and Exchange Commission. Human BioSystems (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. :HBSC) |
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