Contact:
Dr. Agnes P. Olszewski
Phone: (201) 647-3757
Email: dragnes@herborium.com
Herborium Group,
Inc. Signs Partnership Agreement with David Pharmaceutical Technology Corporation
David
Pharma expertise includes the API (Active Pharmaceutical Ingredient), formulation
development and clinical trials. The company is presently building three GMP manufacture lines including
infusion, injection, and tablets. The
immediate collaboration will focus on novel botanical based product development
in the areas of pulmonary infection and arthritis, and on marketing of selected
products on Chinese and international markets.
In
addition, Herborium Group has an option to acquire an interest in David Pharma.
Dr. Agnes P. Olszewski, President
and CEO of Herborium, said, “This product development and marketing related collaboration, and the proposed acquisition of
an interest in David Pharma, are major steps forward in the strategic
development of the Company. This will give us immediate and direct access to top
quality Traditional Chinese Medicine science, innovative product leads and a rapidly
growing Chinese health care market that is some analysts predict could become
the world's fifth-largest pharmaceutical market.
This release and oral statements made from
time to time by the Company's representatives concerning the same subject
matter may contain "forward looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements can be
identified by introductory words such as "expects,"
"plans," "intends," "believes," "will,"
"estimates," "forecasts," or words of similar meaning, and
by the fact that they do not relate strictly to historical or current facts.
Many factors may cause actual results to differ from forward-looking
statements, including inaccurate assumptions and a broad variety of risks and
uncertainties, some of which are known and others of which are not. Known risks
and uncertainties include those identified from time to time in the reports
filed by the Company with the SEC, which should be considered together with any
forward-looking statement. No forward-looking statement is a guarantee of
future results or events, and one should avoid placing undue reliance on such
statements.