Collaboration with Samaritan Pharmaceuticals, SIS Foundation, and Harvest Biotech Foundation in Africa to Provide Free Drugs to African Children with AIDS.Business Editors/Health/Medical Writers LAS VEGAS--(BUSINESS WIRE)--Sept. 12, 2003 Samaritan Pharmaceuticals Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SPHC), its philanthropic arm, the Samaritan Innovative Science Foundation (SISF SISF Superlattice Intrinsic Stacking Fault ), and A Harvest Biotech Foundation International, Africa (AHBFI) today announced the formation of a collaboration to provide free drugs to children with AIDS in Africa. Why It Matters UNICEF UNICEF (y  `nĭsĕf'), the United Nations Children's Fund, an affiliated agency of the United Nations. noted that while Africa accounts for only 12 per cent of the world's population, it claims 43 per cent of the world's child deaths, 50 per cent of maternal deaths in childbirth, 70 per cent of people living with HIV/AIDS HIV/AIDS Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome , and a staggering 90 percent of all children orphaned by AIDS. Strategic Links to Africa Dr. Wambugu, Executive Director of AHBFI is networked with numerous organizations, one being, New Partnerships for Africa Development (NEPAD NEPAD New Partnership for Africa's Development ). Dr. Wambugu, as a passionate believer in service to humankind, also serves on the board of the Bill & Melinda Gates Melinda French Gates (born Melinda Ann French on August 15, 1964) is a former unit manager for several Microsoft products: Publisher, Microsoft Bob, Encarta, and Expedia. In 1994, she married Bill Gates, founder, chairman, and former chief software architect of Microsoft. Foundation: Global Health Challenge and the United Nations: Hunger Task Force, providing the collaboration with an incredible strategic link to Africa. Dr. Janet Greeson, 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 Samaritan Pharmaceuticals and Chairman and Founder of SIS Foundation stated, "Dr. Wambugu is awesome. Immediately, you sense her passion for Africa, and it becomes contagious." Humanitarian Purpose The purpose of the collaboration is to concentrate on alleviating the life-and-death challenges facing children and adults with AIDS in Africa. Samaritan's 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. drug has proved promising, safe and effective through proof of concept Phase II clinical human trials. Samaritan hopes to be able to offer this drug, upon 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. approval, at a very low cost to suffering patients. SIS Foundation Humanitarian Plan SISF proposes to work with Kenya, AHBFI Africa, WHO, the UN, IntegriHeatlh, and NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. Africa Ltd. to conduct clinical trials first in Kenya and then Johannesburg, Africa. Should these trials prove successful, SISF will continue to work with its collaborative partners to make the drug available to all sub-Saharan Africans with HIV. About Samaritan Innovative Science Foundation The SIS Foundation is an independent charitable foundation established by Samaritan Pharmaceuticals, Inc. The Foundation's primary mission is, to demonstrate a Samaritan love of humankind by relieving human misery and suffering. SISF focuses on improving "quality of life" for the underserved and the underprivileged, with a special emphasis on the children of the world with AIDS. http://www.samaritanpharma.org About A Harvest Biotech Foundation International "A Harvest" is a non-profit organization incorporated in California, USA. It is registered in Kenya and South Africa as a non-profit organization (NGO NGO abbr. nongovernmental organization Noun 1. NGO - an organization that is not part of the local or state or federal government nongovernmental organization ) and has operational offices in the three countries. The Foundation is governed by a Board of Directors with local, African and international experience. http://www.ahbfi.org/biotech/ About Samaritan Pharma: "A Little Bridge Can Go a Long Way" Samaritan Pharmaceuticals, in collaboration with Georgetown University, drives to bridge the gap by effectively translating research from the bench to the bedside. Samaritan strives to accelerate preclinicals, thru human "proof of concept" trials; lessening the time breakthrough drugs, reach suffering Alzheimer's, Cancer, Cardiovascular, and HIV patients. http://www.samaritanpharma.com Disclaimer The company disclaims any information that is created by an outside party and endorses only information that is communicated by its press releases, filings and Web site. This news release contains forward-looking statements that reflect management's current beliefs about the potential for its drug candidates, science and technology. However, as with any biopharmaceutical under development, there are significant risks and uncertainties in the process of development and regulatory review. There are no guarantees that products will prove to be commercially successful. For additional information about the factors that affect the company's business, please read the company's latest Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed May 15, 2003. The company undertakes no duty to update forward-looking statements. Contact: Samaritan Innovative Science Foundation, George Weaver 702/735-7001, Fax 702/737-7016, Email Gweaver@samaritanpharma.org. Visit Web site for Samaritan Innovative Science Foundation at www.samaritanpharma.org |
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