In February, 2013, TNI BioTech, Inc. executed a Commissioned Processing contract, an Addendum to Venture Cooperation, and a Strategic Framework agreement with Hubei Qianjiang Pharmaceutical Co., LTD (HBQ). Under the Commissioned Processing contract, HBQ will manufacture LDN for the company. The Addendum to Venture Cooperation expands the scope of the originally executed agreement in October to include clinical trials on pancreatic and liver cancer. Under the Strategic Framework agreement, the parties aim to co-invest to develop and market products focusing on cancer and HIV/AIDS; and to also develop co-ventured distribution of the developed products in China, Central America, South America, Africa, and the United States.
In the African countries where TNI BioTech, Inc. currently has contracts, international laws require the exporting company provide a certificate of free sale. It took longer than anticipated to obtain the certificate, but the company believes all the required international documents will be ready to begin shipping in July of 2013.
We would like to offer a heartfelt thank you to each and every shareholder: past, current, and future for your unwavering support of our company and for also taking the time to read this important shareholder letter. We are extremely excited to continue to move forward with our development plan and to do everything in our power to add shareholder value.
Again thank you very much for your support of TNI BioTech, Inc.
We truly appreciate our shareholders.
|SOURCE TNI BioTech, Inc.|
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