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OUR MARKET
According
to the American Cancer Institute, cancer is the second leading cause
of death in the United States. Half of all men and one-third of
all women in the U.S. will develop cancer during their lifetimes,
according to the American Cancer Society. Today, millions of people
are living with cancer or have had cancer.
As the world’s population continues to age, cancer treatment
will likely become one of the single largest health care expenditures
in the U.S. and other industrialized nations.
The Company’s initial strategy is to expand and enhance clinical
applications of at least seven widely used chemotherapy drugs (5-Fluorouracil,
Irinotecan, Doxorubicin, Paclitaxel, Oxaliplatin, Cisplatin, and
Bevacizumab) by combining them with DAVANAT®, our carbohydrate-based
compound. The Company plans to leverage its carbohydrate compounds
by applying them to other FDA-approved drugs, including drugs for
conditions or ailments other than cancer, that would benefit from
reduced toxicity and/or greater efficacy. This strategy should enable
the Company to expand the portfolio of drugs to which we may apply
our technology. The objective is to obtain FDA approval for our
"Glyco-Upgrade" ™ compounds, and to negotiate license
agreements with pharmaceutical and/or biotech companies with regards
to the manufacturing and marketing of its drugs.
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