JERUSALEM, April 9, 2013 /PRNewswire/ -- Hadasit Bio-Holdings Ltd. (TASE: HDST, OTC: HADSY), a publicly traded portfolio of biotech companies, all based on intellectual property developed and owned by Hadassah University Hospital, Israel's foremost medical research center, today announced that it has released the following letter to its shareholders:
Dear Shareholders and Investors,
2012 proved to be a year of maturation and growth for Hadasit Bio-Holdings (HBL). Over the past twelve months our portfolio companies have advanced significantly both scientifically and operationally. We've taken this momentum into the current year and already we are starting to reap the benefits of our diligence, patience and execution. As a recent example, one of our flagship portfolio companies, Enlivex Therapeutics, just received orphan drug status for its ApoCell treatment. The orphan drug status grants Enlivex seven years of exclusivity for treatment based on immune tolerance for GVHD. This is just one example of the successful milestones our portfolio companies have been able to achieve and will continue to achieve over the coming months and years.
Not only will all of our portfolio companies continue to push forward and advance their science following the successes we had in the past year, but we will also advance ourselves from the holding company level. For instance, in the midst of a very tough market our shareholders continued to display confidence in our growth potential after we saw over 99% participation in a rights offering we held earlier in 2012 that raised capital of over 5M NIS to be reinvested into the portfolio.
The past year was highlighted by our portfolio companies attracting new strategic partners, earning successful results in various clinical trials, receiving sizable grants from various sources—including the Israeli government—an
|SOURCE Hadasit Bio-Holdings Ltd.|
Copyright©2012 PR Newswire.
All rights reserved