
Samaritan Licenses Exclusive Rights to Infectious Disease Compounds From Georgetown UniversityLas Vegas, Nevada (PressExposure) February 12, 2008 -- Samaritan Pharmaceuticals, Inc. (OTC BB:SPHC.OB), a developer of innovative drugs, announced today that it has entered into an exclusive license agreement with Georgetown University for "Benzamide Compounds'' patent rights to treat HIV and numerous other infectious diseases. The underlying licensed patent application describes using Benzamide compounds as an innovative new method to treat the HIV virus and other infectious diseases, such as Avian Influenza A, Influenza A & B, and Hepatitis B & C. Under the terms of the agreement, Samaritan will have exclusive worldwide rights to develop, manufacture and commercialize Benzamide compounds in exchange for royalties. Dr. Janet Greeson, C.E.O. and President of Samaritan stated, "We are especially pleased to cover our Hepatitis C drug with this patent and license. NIH has been studying SP-10T1 for efficacy with Hepatitis C and has discovered it is displaying 96.3% inhibition, in comparison to injectable alpha-interferon's 97%, which is extremely promising for us since SP-10T1 is an oral drug which is considered to provide a substantial benefit over the injectables on the market for Hepatitis C patients.'' Samaritan Pharmaceuticals: "Transforming Today's Science Into Tomorrow's Cures...''
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Press Release Source: http://PressExposure.com/PR/Samaritan_Pharmaceuticals.html Press Release Submitted On: February 12 18:09:16, 2008 | |||
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