FRANKFURT, Oct. 29 /PRNewswire-FirstCall/ - Hard to Treat Diseases (HTDS; http://www.htdsmedical.com/) and its operating subsidiary Slavica Bio Chem, announces that it is targeting an EU based company, and has initiated talks that may involve a merger.
Hard to Treat Diseases Inc. (HTDS) and the newly targeted company, which does not wish to disclose its name at the present stage of negotiations, started talks about the possibilities for future cooperation and are in the process of reviewing initial documentation. The new company would give HTDS a new competitive edge on the pharmaceutical market, including providing HTDS with an increased revenue base.
The stem cell company focuses on research and storage of the umbilical cord stem cells, the only ethical source of stem cells in the world. Umbilical stem cells are more flexible in medical applications and possess 30% higher flexibility to match the patient than the bone marrow stem cells do. The company also serves its customers as an Umbilical Cord Blood Bank. The umbilical cord blood (UCB) is stored for treatment of leukemia, anaemia and other haematological conditions in the donor's family only.
This EU based Stem Cell Bank reports revenues in the range of Euro 3 million (Approximately $4.5 million USD) and profit range 35%. This new company sees profitable opportunity in cooperation with HTDS and Slavica Bio Chem, due to Slavica Bio Chem's low research and production costs and superior infrastructure provided by the Hard to Treat Diseases Inc.
The financial information and transaction details on revenues, assets and other will follow via usual newswire service.
The merger with the new company comes after the HTDS' long-term market research in the international markets. HTDS is the parent company of the Serbian Slavica Bio Chem research facility and Chinese Mellow Hope, the largest vaccine exporter in China.
|SOURCE Hard to Treat Diseases|
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