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China PharmaHub Corp. Enters Into Definitive Agreement for Humanized Antibody
Date:7/1/2010

, and a Ph.D. in Biological Chemistry from Harvard. Dr. Rynkiewicz is an experienced protein crystallographer with training from Boston University and University of Pennsylvania. He received a Ph.D. in Chemistry from Boston University and a B.S. in Chemistry at MIT.  PharmaHub will work with Akanas to expand its existing research, development, commercialization and marketing on a worldwide basis.  

"We're excited to enter into this agreement," stated Richard Lui, Chief Executive Officer of PharmaHub.  "This marks another of PharmaHub's endeavors where we will be utilizing our resources both in the U.S. and in China to strive to bring these innovative technologies to patients around the world.  Akanas' humanized therapeutic antibodies technology has already produced several compositions which Management believes showed superiority in preclinical trials over existing antibodies on the market.  We look to provide a meaningful impact to the disease markets by having improved activity and reduced side effects as we continue to carry out preclinical and clinical trials in China.  This agreement demonstrates the collaborative effort that PharmaHub is striving for with each scientist or company with whom we work."

Lui continued, "Akanas' humanized antibody can potentially be used to treat such diseases as cancer and rheumatoid arthritis.  With the market for disease treatment in China and the U.S. booming, and the global antibody drug market expected to generate $30 billion in worldwide sales in 2009, with an annual growth rate of 14 percent through 2012, according to Datamonitor, M
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SOURCE China PharmaHub Corp.
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