BOSTON, Aug 26 /PRNewswire-FirstCall/ -- China PharmaHub
Corp. ("PharmaHub"), which has recently merged with World Wide
Relics (OTC Bulletin Board: WRLC) which has changed its name to
China PharmaHub Corp, and is in the process of obtaining approval
from FINRA to trade under its new name with a new symbol, announced
today that it has signed an Exclusive Distribution Agreement
("Agreement") with a world leader in precision glass technology
which can be utilized to manufacture high precision radioactive
glass spheres that emit alpha, beta or gamma radiation, either
individually or in combination, for the treatment of malignant
tumors of the liver. The Agreement gives PharmaHub the exclusive
right to market in China,
Hong Kong, Taiwan and Macau ("Greater China Region"), Singapore, Malaysia, and Bangladesh this innovative liver cancer
treatment which is similar to a FDA-approved liver cancer
therapy.
PharmaHub is a global pharmaceutical HUB that specializes in the
identification, licensing, development and commercialization of
pharmaceutical and healthcare products and technologies that its
management believes could make a significant difference to patients
and society worldwide. PharmaHub's corporate goal is to create
maximum value from existing intellectual properties and
technologies of its global partners by utilizing its broad-base of
knowledge, understanding and resource allocation ability in the
pharmaceutical and healthcare industries.
The FDA-approved version of this "magic bullet" cancer therapy
has already improved the quality of life and offered longer life
expectancy with minimum side effects for many patients suffering
from inoperable liver cancer in the
United States. The procedure is now used routinely in more
than 43 clinical centers in 27 states, and was recently approved
for coverage by two of the largest health insurers in the United States. The therapy combats
tumors in patients with hepatocellular carcinoma (HCC), commonly
known as primary liver cancer, who cannot be treated with surgery,
and are awaiting an organ transplant.
As the exclusive distributor in the Greater China Region,
Singapore, Malaysia and Bangladesh of this new form of liver cancer
treatment, PharmaHub believes that the therapy offers a solution to
the problem of malignant liver cancer in Southeast Asia where approximately
three-quarters of the cases of liver cancer worldwide are found.
China, alone, has the highest
number of liver cancer patients worldwide, approximately one-half
of the world HCC population, with more than 350,000 new cases
diagnosed each year, a number that is expected by Management to
continue to rise in the coming years. As projected by IMS Health,
China will become the world's
third-largest pharmaceutical market by 2011, growing by more than
20% annually. Oncology is among the top five therapy classes in
China, which recorded a staggering
27% compound annual growth rate ("CAGR") from 2005-2009 and is
poised to achieve similar gains through 2015.
Richard Lui, CEO of PharmaHub
stated, "We are thrilled with this opportunity to take a leadership
role in introducing this type of radioembolization treatment for
inoperable liver cancer in China
and Southeast Asia. This therapy
is a pioneering alternative to surgery, chemotherapy and other
radiation therapies in current usage. Overall, the treatment can
cause fewer and milder side effects than other current treatments
and offers the convenience of outpatient therapy at a significantly
lower price than the more conventional treatments."
"PharmaHub plans to immediately set up clinical studies in
China to test wider applications
of the medical technology, not only for liver but other cancers,
then move to commercialization of the procedure in a cost-effective
and reliable manner throughout China," stated Mr. Lui. "We also
foresee the potential medical application and commercial growth of
this technology in other areas, including radiation synovectomy of
arthritis joints."
Dr. Handy Williamson, Vice Provost for International Programs at
the University of Missouri-Columbia
(MU) states "PharmaHub has presented a significant opportunity for
some of MU's cutting edge innovations to be introduced into the
arena of life saving application. Bringing good innovations into
the marketplace is a strong aspiration shared by MU and other
leading research universities across the US. In this instance our
intuitional relationships in Asia
are on the verge of bearing fruits."
"This is just the beginning," concluded Mr. Lui. "PharmaHub's
goal is to become a worldwide leader in technology transfer. Our
game plan is to rapidly acquire relevant proprietary technologies
developed by leading research institutions, like MU. The 'PharmaHub
Advantage' is that we have the experience to take a leadership role
in leading our global partners towards efficiency and
effectiveness."
About PharmaHub:
China PharmaHub Corp. is engaged in the business of licensing,
developing and the commercialization of pharmaceutical and
healthcare products and technologies between Chinese pharmaceutical
companies and other pharmaceutical companies located worldwide,
with initial emphasis in the United
States and Europe.
Management believes that PharmaHub brings a unique wealth of
resources to assist scientists and companies in bringing their
ideas to reality. PharmaHub's corporate headquarters are
located in California, with
offices in Boston and China. For more information visit
www.chnpharmahub.com .
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Contact:
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Monica Ding
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Chief Financial
Officer
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Tel: (909)
843-6388
Cel: (626)
589-5136
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Email:
ir@chnpharmahub.com
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Forward-Looking Statements
This press release, together with other statements and
information publicly disseminated by the Company, contains certain
forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. The Company
intends such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995 and includes this
statement for purposes of complying with these safe harbor
provisions. Except as otherwise required by the federal securities
laws, the Company disclaims any obligation or undertaking to
publicly release any updates or revisions to any forward-looking
statement contained herein.
SOURCE China PharmaHub Corp.