Health Canada Approval and Clinical New Milestones for Allegiance and Prime
26 Janvier 2012 - 4:31AM
PR Newswire (Canada)
TORONTO, Jan. 26, 2012 /CNW/ - Allegiance Equity Corporation is
pleased to announce that its subsidiary, Prime Pharmaceutical
Corporation (Prime), received Health Canada approval for its
Relieva™ formulation on December 12, 2011 License NPN 80008437 .
DSE Healthcare Solutions L.L.C., (DSE) Edison, New Jersey recently
completed a clinical trial for Relieva™( )NPN 8000437 with results
exceeding expectations. As a result DSE is funding a new and larger
clinical trial of 60 patients with Relieva™ containing twice the
concentration of Psorberine™, Relieva`s proprietary active
ingredient. The main drawback to other psoriasis and eczema
treatments is that greater efficacy comes with greater the
irritation and side effects. Psorberine™ and Relieva™ have zero
toxicity and irritancy. The Relieva™ with 20% Psoberibe™ will
provide a combination of greater effectiveness and relief without
side effects. Relieva™ contains aproprietary concentrated extract
that provides immediate relief from itching, irritation and
inflammation-associated common problem skin conditions including
psoriasis and eczema. Relieva™ has Patents and Patent Applications
in numerous countries including the U.S. and Canada. Psoriasis and
Eczema are difficult widespread skin conditions to treat with an
estimated $39 billion spent annually in North America for
treatments. The potential market in cosmetics for treating other
problem skin conditions characterized by dryness, itch and
inflammation is many times greater. Global Psoriasis Drugs Market
to Exceed $7.3 Billion Dollars by 2015, according to new reports by
"Global Industry analysts Inc." with no satisfactory treatment in
sight. Howard J. Donsky, M.D., FRCPC will perform the new clinical
trial for DSE. Dr. Donsky is the former head of dermatology at
Toronto General Hospital and the University of Toronto. He is a
fellow of the American Academy of Dermatology, American Society for
Dermatologic Surgery, the Royal College of Physicians of Canada and
the Canadian Institute of Facioplastic Surgery. In addition, Dr.
Donsky has been the lead investigator in multiple research studies
related to various skin conditions including psoriasis, eczema and
viral skin infections, having multiple papers published. DSE is
very successful in the marketing of health care, medical and
consumer products to the mass food and drug market. Robert C.
Stites, the CEO and one of the founders of DSE, was previously
President and Chief Operating Officer of Johnson & Johnson
Products. Allegiance took the initiative in establishing Prime in
which it holds a 37.5% equity interest or 6,040,458 common shares
of Prime out of 16,284,680 common shares issued and outstanding.
About Allegiance Equity Corporation Allegiance targets markets
having clearly identified product deficiencies and dissatisfied
patients who suffer common diseases and conditions including
Alzheimer's, dementia, diabetes and inflammatory skin conditions.
Allegiance then obtains regulatory approvals and patents and then
licenses its technologies for royalties and upfront fees.
Allegiance has partnered with Nealanders International Inc. the
leading North American technology based ingredient company, to
commercialize CinGx™, a unique food additive for the treatment and
prevention of Alzheimer`s, dementia and diabetes. Interest of
Management Notice of Intention to Distribute Palm American
Investment Inc. holds. 1,919,997 common shares of Allegiance and is
controlled by David Solomon, Marilyn Bloovol and members of their
family. Palm American Investment Inc. filed a Notice of Intention
to sell up to 500,000 common shares on January 23rd, 2012, by way
of private sale or on the market from time to time. There are
presently 7,291,081 common shares of Allegiance issued and
outstanding. Additional information relevant to the Company's
activities, including the Company's press releases can found on
SEDAR at www.sedar.com. The TSX Venture Exchange has not reviewed
and does not accept responsibility FOR THE ADEQUACY OR ACCURACY FOR
HIS PRESS RELEASE, WHICH HAS BEEN PREPARED. For further
information:Allegiance Equity Corporation, David
SolomonPresident416-630-1221dsolomon79@gmail.com SOURCE Allegiance
Equity Corporation Allegiance Equity Corporation
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