Halberd Corp. Launches "Halberd Cancer Therapeutics, LTD" Wholly Owned Subsidiary
Halberd Corporation (OTC PINK:HALB) has established a wholly-owned subsidiary named Halberd Cancer Therapeutics, LTD. This move aims to leverage Halberd's patented extracorporeal technology for developing cancer treatments. Initially staffed by Halberd employees, the subsidiary may eventually evolve into a standalone company, potentially benefiting stockholders through dividends. The company is also progressing on specific cancer antibodies for near-term experimentation, indicating a focus on innovative cancer therapies.
- Formation of Halberd Cancer Therapeutics, LTD as a dedicated entity for cancer treatment development.
- Utilization of patented extracorporeal technology shows potential for innovation in cancer therapies.
- Possibility of spinning off the subsidiary as a separate company, offering dividends to shareholders.
- None.
JACKSON CENTER, PA / ACCESSWIRE / July 20, 2022 / Halberd Corporation (OTC PINK:HALB) announced the formation of Halberd Cancer Therapeutics, LTD, as a wholly owned subsidiary. Halberd's patented extracorporeal technology has demonstrated the capacity for successful application to a wide variety of diseases and health-related illnesses. For now, the new entity will be staffed by Halberd personnel until such time as business opportunities arise and appropriately skilled individuals are recruited to carry the subsidiary forward in its mission to develop treatments for various types of cancer. The present Halberd Corporation staff is capable of fulfilling any and all functions. With this strategy, both Halberd Corporation and Halberd Cancer Therapeutics, LTD will benefit from the initial sharing of technological accomplishments.
William A. Hartman, Chairman, President & CEO of Halberd Corporation, stated, "We believe that the creation of this subsidiary is a concrete means of advancing the extracorporeal treatment technology against various forms of cancer. Halberd has already begun the development of specific cancer antibodies which will be key in near-term experimentation. Halberd anticipates that Halberd Cancer Therapeutics, LTD, could eventually be spun off as a separate company, as a dividend to Halberd stockholders. Since our technology is applicable to a wide range of diseases, we foresee the potential for the formation of additional subsidiaries aligned to specific disease applications/treatments as business opportunities and healthcare needs present themselves."
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William A. Hartman
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About Halberd Corporation.
Halberd Corporation (OTC PINK:HALB) is a publicly traded company on the OTC Market, and is in full compliance with OTC Market reporting requirements. Since its restructuring in April, 2020, Halberd has obtained exclusive worldwide rights to three issued patents and has filed 21 related provisional, PCT, or utility patent applications to enhance its value to its stockholders and to attract the interests of potential development partners.
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). The Company cautions our readers that statements and assumptions made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time the statements are made. These statements may address issues that involve significant risks, uncertainties and associated estimates made by management. Actual results could differ materially from current projections or implied results. Halberd Corporation undertakes no obligation to revise these statements following the date of this news release.
SOURCE: Halberd Corporation
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