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Hard to treat Diseases (HTDS) To Sell Its MindUp BioResearch Division
Date:12/22/2009

SHENZHEN, China, Dec. 22 /PRNewswire-FirstCall/ - Hard to Treat Diseases (HTDS; http://www.htdsmedical.com) would like to announce that it has an agreement in principle to sell its MindUp BioResearch division to a large modern herbal medicine company in China. The buyer, founded in 2004, focuses on production and manufacturing of premium herbs, herbal extracts and herbal preparations. Name of the buyer will be announced in a joint news announcement shortly, once all due diligence is completed.

MindUp BioResearch (mindupbioresearch.com) focuses on research of new therapeutics that would overcome the Cancer Cell Resistance in chemotherapy and also conducts research on identification of genes connected with lung cancer.

Terry Yuan, the CEO of HTDS, said, "We are trying to keep HTDS' core values in tact and selling off MindUp is one of the things we want to do. That was always our mandate from day one, when Slavica BioChem began developing the MindUp project. Our Slavica BioChem has done a wonderful job. They completely developed the MindUp project from scratch and created value in this project for all the shareholders. They continue with exciting medical developments for HTDS which will be announced in due time. This sale will accomplish several things. One is the return of values to our shareholders in a form of a onetime distribution. Secondly the distribution will require accounting in "streets name" whereby the excessive short position, or "oversold" positions, which we have been battling all year long; will be reined in or at least temporarily forcing shorts to cover, if nothing else.

Our intention was to acquire the EU stem cell bank, however, we have reason to believe that the constant stock bashi
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SOURCE Hard to Treat Diseases
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