We are extremely happy to have successfully secured this contract for the temporary facilities and other works for the SNDC
project," said Peter Hall, CEO of Al Hassan Engineering Company.
We are delighted that we have closed this Share Exchange Agreement with SNDC
, and are pleased that the shareholders of Singapore Volition showed such support for us going public with 100% voting in favour of the Agreement," said Cameron Reynolds, CEO of Volition.
Our agreement with Symphony Neuro Development Company (SNDC
), announced during the second quarter, enables us to benefit from the experience and expertise of SNDC
and RRD, International, and accelerate the development of our GPI 1485 program without increasing Guilford's cash burn rate.
RRD International, LLC ("RRD") of Rockville, MD, a product development company providing clinical trials strategy, design and management expertise, will manage SNDC and will sub-contract a portion of the ongoing development work to Guilford and other vendors.
Guilford intends to consolidate the financial activity of SNDC Holdings within its financial statements.
Said Mark Kessel, Chairman of SNDC, "SNDC is providing committed capital and clinical development expertise to advance these four GPI 1485 indications on an accelerated path.
Frank Hurley, Chief Scientific Officer of RRD and Chief Scientific Officer of SNDC, commented, "The GPI 1485 programs are attractive clinical candidates in areas of significant unmet medical need.
SNDC is a privately held biopharmaceutical development company, the purpose of which is to develop the GPI 1485 programs.