Aida Pharmaceuticals, Inc. Announces Update on Progress of Rh-Apo2L Testing
April 28 2008 - 9:55AM
PR Newswire (US)
SANTA MONICA, Calif., April 28 /PRNewswire-FirstCall/ -- Aida
Pharmaceuticals, Inc. (OTC:AIDA) (BULLETIN BOARD: AIDA) today
announced that the Company is compiling data for its Phase 2
testing results of Rh-Apo2L and expects to announce the findings
within the next month. The Company previously announced that the
target cancers for the drug have been determined and initial
results are extremely positive. The cancer targets that the Company
has chosen are ailments which Rh-Apo2L has shown the most efficacy
and which have the most market potential. The Company previously
announced that Rh-Apo2L testing results have shown strong efficacy
in treating non-small cell lung cancer, non-Hodgkins lymphoma,
stomach cancer, pancreatic cancer and kidney cancer. The Company
intends to immediately file for Phase 3 clinical testing with the
People's Republic of China's State Food and Drug Administration
after the announcement of the findings from Phase 2 testing. The
Company anticipates that the Chinese government will then allow for
the commencement of Phase 3 testing within two to three months
after the Phase 2 results are published. Phase 3 testing will
entail large-volume tests on over 300 patients and is the last step
before it may be commercially sold in the People's Republic of
China. About Rh-Apo2L- The Anti-Cancer Drug Rh-Apo2L is a
pioneering biotechnology gene therapy drug used to treat certain
forms of cancer. This biopharmaceutical drug has gained the
attention of researchers and clinical professionals throughout the
People's Republic of China who are observing the drug for potential
replacement of surgery and radiation therapy for cancer.
Potentially, over 8 million lives can be saved each year in the
People's Republic of China by this drug. About Aida Pharmaceuticals
Aida Pharmaceuticals is a product-focused pharmaceuticals company
engaged in the formulation, clinical testing, registration,
manufacture, sales and marketing of advanced pharmaceutical and
genetic products in mainland China. The Company's mission is to
discover, develop and market meaningful new therapies that improve
human health. Aida Pharmaceuticals, in operation since March 1999,
is headquartered in Hangzhou, China with manufacturing,
distribution and sales points throughout mainland China. Aida is
GMP certified in China and ISO9002 certified for quality assurance
and ISO14000 certified for ecologically-friendly practices. For
additional information, please visit http://en.aidapharma.com/.
Contact Information: Ashley Hull (310) 450-9100 opt 1 Broker
Contact: Chesapeake Group (410) 825-3930 Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: Except
for historical information contained herein, the statements in this
news release are forward-looking statements that are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve known and
unknown risks and uncertainties, which may cause a company's actual
results, performance and achievement in the future to differ
materially from forecasted results, performance, and achievement.
These risks and uncertainties are described in the Company's
periodic filings with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly release the result of
any revisions to these forward-looking statements that may be made
to reflect events or circumstances after the date hereof, or to
reflect the occurrence of unanticipated events or changes in the
Company's plans or expectations. DATASOURCE: Aida Pharmaceuticals,
Inc. CONTACT: Ashley Hull, +1-310-450-9100, opt 1, ; or Broker,
Chesapeake Group, +1-410-825-3930 Web site:
http://en.aidapharma.com/
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