Bio Bridge Science (CE) (USOTC:BGES)
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Bio-Bridge Science, Inc. (OTCBB: BGES) announced today that it has
entered into a cooperative agreement with the Institute of Basic Medical
Sciences at the Chinese Academy of Medical Sciences, a leading medical
research institute in China, to research and develop a human
papillomavirus polyvalent vaccine using prokaryotic expression system.
This vaccine is designed to prevent from infection by human
papillomavirus types 6, 11, 16, 18, 31, 45, and 58, which is expected to
provide broader protection than the current vaccine in the market and
have much lower production costs. Under the agreement, Bio-Bridge has
been granted the preferential right to develop the vaccine and enjoys a
60% interest in the project.
Dr. Liang Qiao, Chairman and CEO of Bio-Bridge said, "We believe that
our agreement with the Chinese Academy of Medical Sciences will enable
us to solidify our research capability in China as we try to introduce
more potential vaccine products in addition to our current vaccine
pipeline. The Chinese Academy of Medical Sciences is a renowned medical
research institute and is the national level medical science research
center in China. We believe this cooperation will provide numerous
benefits to both parties.”
About Chinese Academy of Medical Sciences
The Chinese Academy of Medical Sciences was established in 1956 and is
the national level medical science research center in China. Its former
name was Peking Union Medical College, founded by the Rockefeller
Foundation in 1917. The Academy has 49 doctorate disciplines and 52
master disciplines, 4 national level laboratories, 8 minister level
laboratories and 6 post-doctor WHO research centers.
Forward Looking Statements:
This press release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and
other statements that are other than statements of historical facts.
These statements are subject to uncertainties and risks including, but
not limited to, product and service demand and acceptance, changes in
technology, economic conditions, the impact of competition and pricing,
government regulation, and other risks defined in this document and in
statements filed from time to time with the Securities and Exchange
Commission. All such forward-looking statements, whether written or
oral, and whether made by or on behalf of the company, are expressly
qualified by these cautionary statements and any other cautionary
statements which may accompany the forward-looking statements. In
addition, the company disclaims any obligation to update any
forward-looking statements to reflect events or circumstances after the
date hereof. Please refer to SEC filings for additional information.