RAP 0.00% 14.5¢ resapp health limited

narhex life sciences

  1. 1,068 Posts.
    Here's a cut-and-paste. Only 40m shares on issue.

    Narhex is issuing new shares to raise necessary capital to fund further research and commercial development of Nar DG 35 Prodrug, an Australian developed Protease Inhibitor that has entered into human pilot clinical trials for the treatment of HIV/AIDS. Protease Inhibitors are now important components of modern multi-drug regimes which, when used appropriately, extend both the quality and duration of life of HIV-infected patients.

    Early Phase I & II human clinical trials suggest that Nar DG 35 Prodrug may have advantages over the majority of Protease Inhibitors currently available on the market.

    Nar DG 35 Prodrug has patents registered in major markets including China, USA, Canada, EU and Australia, protecting its intellectual property.

    According to the latest UNAIDS 4th Global Report (June 2004), 38 million people are now living with HIV. Last year 2.9 million people died from AIDS and almost 5 million new cases were diagnosed– the largest number in any one year since the epidemic began. The UNAIDS report says efforts need to be focussed in Asia, which it warns needs to act now to prevent “a full blown AIDS catastrophe”.

    Narhex has signed an agreement with CMC (a government instrumentality controlled by the Chinese Ministry of Foreign Trade) for CMC Shaanxi to organise and fund clinical Phase II/III studies on Nar DG 35 Prodrug in China, to seek Chinese registration of this compound and to obtain an exclusive license to distribute and market Nar DG 35 Prodrug as an approved drug in China.
 
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