BELGRADE, SERBIA--(Marketwire - 11/16/10) - Hard to Treat Diseases (PINK SHEETS:HTDS - News) www.htdsmedical.com and Slavica Bio Chem operating subsidiary www.slavicabiochem.com are delighted to report that IBISS research group after 8 months and 5 levels of competitions passed to the semi-final level of more than 250 competitors for the annual Award "Best technological innovation in Serbia in the year 2010" announced by Serbian Ministry of Science and Technological Development.
Prof. Dr. Mirjana Stojiljkovic, a Medical Advisor of HTDS, and the leader of the team said, "We are proud that, like last year, we are again among the best realized innovation ideas in Serbia, and our innovation and the business plan are well accepted. Namely, in the contest for the Best Technological Innovation in Serbia in the year 2009, Ministry of Science and Technological Development of Republic of Serbia awarded our team the second place of all scientific projects (and the first place for biological science) competed for this prestigious award, for the establishment of novel therapeutic approach in reducing and delaying of glial scar formation, a major factor in the failure of post-injury neurological recovery after the brain and spinal cord injury. For this purpose we used RIBAVIRIN, a substance that is in human practice as an antiviral drug. Importantly, beneficial effect of D-RIBAVIRIN was retained even 30 days after the cessation of drug administration. D-RIBAVIRIN treatment could also improve survival of transplants and new connections restitution between transplanted and host tissue. This is particularly interesting for embryonic, genetically modified tissue, and stem cells transplantations. Additionally, glial scar postponing via applying of RIBAVIRIN might considerably enhance recovery after brain ischemia or removing of brain and spinal cord tumors. Considering an enormous potential and benefit of RIBAVIRIN use in therapy of fore-mentioned patients, we expect a great breakthrough at the market and attention of pharmaceutical companies."
Prof. Dr. Mirjana Stojiljkovic added: "Our team wants to thank CEOs of MMMG who, on the behalf of HTDS, came to support us during this, for us, breaking point of contest."
At the company website http://www.htdsmedical.com/ very soon you can find the pictures from the contest. Additional details and information will be released promptly, via regular news release or Pink Sheets filing service.
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