Business & Finance
Business and Finance
Business and Finance
Wed, December 1, 2010 EHSI Acquires Stem Cell Biotech Firm Celulas Genetica
HOUSTON--([ BUSINESS WIRE ])--Emerging Healthcare Solutions, Inc. (Pink Sheets:EHSI) today announced its acquisition of Celulas Genetica, a biotechnology firm based in Panama.
"Much of the top stem-cell research being conducted today takes place outside the United States"
EHSI initially signed a profit participation agreement with the company in March. Headquartered in Panama City, Panama, Celulas Genetica is a Central American leader in stem-cell technology acquisition and development. Earlier this week, the company purchased a license to develop and market the revolutionary Rutherford Procedure, a groundbreaking organ regeneration treatment designed to use proton-beam technology to destroy diseased organ tissue for regeneration using adult stem cells.
aCelulas Geneticaa™s license to develop and market the Rutherford Procedure was our main motivator to complete this acquisition,a said EHSI President and CEO Cindy Morrissey. aWe intend to test this innovative procedure thoroughly and develop it into a viable treatment for deadly illnesses such as liver disease. The worldwide demand for stem-cell therapies of this kind is extraordinary.a
For more information on Celulas Genetica, visit [ http://www.TheStemCellGroup.com ].
Celulas Genetica will be only the latest outpost in Emerging Healthcare Solutionsa™ global footprint. In addition to its Houston headquarters, the company also maintains business offices in Frankfurt, Germany and Warsaw, Poland.
aMuch of the top stem-cell research being conducted today takes place outside the United States,a Morrissey said. aTo be an industry leader in this field, you have to be international, and we fully intend to fund and produce industry-leading innovations.a
EHSI invests in technology developed to compete in the stem-cell research industry alongside Celgene Corporation (NASDAQ:CELG), Gilead Sciences Inc. (NASDAQ:GILD), Life Technologies Corporation (NASDAQ:LIFE) and Illumina Inc. (NASDAQ:ILMN).
About Emerging Healthcare Solutions, Inc.
Emerging Healthcare Solutions, Inc. invests in and participates in the profits of emerging breakthrough medical technologies. The Company believes the secret of leveraging future value for its shareholders is the proper timing of its investment in promising new medical technologies. EHSI aims to capture future profits of promising new medical technologies by investing in these technologies at the inflection point of product development. We believe this model will deliver long-term positive results for our investors.
For more information, please visit[ http://www.EmergingHealthcareSolutionsInc.com ].
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