Sanguine is Discussing a Project with the U.S. Army Medical Corps.PASADENA, Calif. -- Sanguine Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: SGNC), a bio-pharmaceutical company focused on the development of an oxygen-carrying synthetic substitute for human red blood cells Red blood cells Cells that carry hemoglobin (the molecule that transports oxygen) and help remove wastes from tissues throughout the body. Mentioned in: Bone Marrow Transplantation red blood cells , announced that it is conferring with the U.S. Army Medical Corps to develop a "golden hour" medical kit using PHER-O2. Such a kit could allow self-transfusion on the battlefield, thus helping to prevent bleeding to death, which is a major cause of fatality in combat, and which continues to be the case in Iraq, despite the improvements in front line medical care. Thomas Drees, Ph.D., 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 Sanguine Corp., stated, "In treating battlefield injuries, time is often critical to survivability. If a 'golden hour' kit can be developed, either self-transfusion or field transfusion by a medic could allow a wounded soldier a better opportunity at survival. This could be possible since PHER-O2 does not require refrigeration nor type and crossmatching crossmatching /cross·match·ing/ (-mach-ing) determination of the compatibility of the blood of a donor and that of a recipient before transfusion by placing the donor's cells in the recipient's serum and the recipient's cells in the , which is necessary with packed red cells packed red cells Transfusion medicine A concentrated unit of RBCs prepared from a unit of whole blood by removing plasma Indications Active bleeding, excess intraoperative blood loss, low 'pre-op' or 'post-op' Hcts, chronic anemias–eg, sickle cell anemia, ." Sanguine Corp. is a development-stage company focused on the research and development of PHER-O2, a synthetic red blood cell red blood cell: see blood. product with potential applications in a variety of specialties, including: transfusions, CAT scans, cardioplegia and the treatment of heart attacks, strokes, head and neck tumors and hemorrhagic shock. The company is also developing non-medical applications for its perfluorocarbon (PFC) product. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. A list of the potential risk factors that may affect the company's prospects may be found in the company's most recent 10K filing. These risk factors should be read in conjunction with this press release. |
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