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Viral Genetics CEO Issues State of the Company Update
Date:2/11/2010

of debt held by company insiders
  • $200,000 of other debts for services and acquisitions
  • Raised a total of $2.4 million through private placement of common stock and warrants, as well as warrant and option exercise.
  • Filed updated financial statements and corporate disclosures on the OTCIQ system available at www.pinksheets.com
  • Funded through trial and advanced ongoing litigation with Timothy and Thomas, LLC, and its principals, related to South African Distribution Management Agreement.

  • Lead Scientist Dr. M. Karen Newell

    Dr. Newell's scientific research and discoveries appear to compliment and enhance the over 10 years of human clinical experience we have at Viral Genetics. The acquisition of the rights to targeted peptide technologies holds significant promise to finally close the circle on our understanding of TNP. Dr. Newell has applied her expertise to our initial line of investigation, including identifying the active components and the likely mechanism of action.

    Dr. Newell, PhD., leads a team of scientists that are actively engaged in developing our portfolio of drug compounds. Dr. Newell is a full professor in the Department of Biology at the University of Colorado, scientific director of the CU Institute of Bioenergetics, and the Clement and Margaret Markert endowed professor of biology. She formerly served as an associate director, Center for Computational Biology. She has authored or co-authored several dozen peer-reviewed papers predominantly focused on immunology and cellular metabolism, and she has over 30 issued or
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    SOURCE Viral Genetics, Inc.
    Copyright©2010 PR Newswire.
    All rights reserved

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