Business Wire - August 26, 2003
Both countries are experiencing rapidly increasing incidences of sexually transmitted diseases (STDs). With a total 2.3 billion people, India and China have about 40% of world's population. Based on U.S. genital infection rates of 1 in 4 adults, an estimated 575,000,000 people in China and India could be infected.
"We will work closely with the two governments and select national companies to make these products available for distribution in India and China within the next twelve to eighteen months. There is a growing STD problem in these countries and strong evidence of an HIV, HSV connection. Recent studies conducted in Pune, India, have shown that those HSV infected people have a five times greater chance of contracting HIV as compared to non-HSV positive people with similar risks. This suggests that controlling the spread of genital herpes will help reduce the number HIV cases," states Mr. David Lane, Phanuel's managing director and CEO.
Dr. Malcolm Skolnick, CytoGenix' CEO, comments, "These transactions further validate our business model and we have every expectation that Phanuel's business experience and relationships in China and India will insure the success of this project over the next few years."
CytoGenix Inc. is a biopharmaceutical company that develops and markets innovative products and services based on its proprietary DNA expression technology. CytoGenix has products in pre-clinical development including, anti-herpes, anti-psoriasis and anti-inflammatory topical creams. The company owns a U.S. patent for its core DNA expression technology and has 40 international or U.S. pending patent applications.
SAFE HARBOR: Except for statements of historical fact, the statements in this press release are forward-looking. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include, but are not limited to, general economic conditions, risks associated with the acceptance of new products, competition, and other factors more fully detailed in the company's filings with the Securities and Exchange Commission. Additional information about CytoGenix and its technology can be found on the Web site at www.cytogenix.com.
CONTACT: CytoGenix Inc., Houston
Juan Ferreira, 407-774-9949
SOURCE: CytoGenix Inc.
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